NewDelhi : Union Finance Minister Nirmala Sitharaman is set to present the Union Budget for the eighth consecutive year today in the Lok Sabha. Investors, businesses, and policymakers eagerly await key reforms that could reshape the economic landscape.
This year’s budget is expected to emphasize tax reforms, housing benefits, incentives for the automobile sector, healthcare advancements, and the growth of the fintech industry. The government is also likely to address concerns related to the Securities Transaction Tax (STT) to encourage stock market participation and reduce compliance burdens for businesses. Market reactions are anticipated following the budget announcement.
Meanwhile, leaders in the energy sector are urging the government to increase investments in renewable energy, support domestic manufacturing, and streamline the tax structure. Industry experts are advocating for a greater focus on solar, wind, green hydrogen, energy storage solutions, and grid modernization to drive sustainable growth.