Claim Your Refund with Ease – Key Steps, Precautions, and Budget 2025 Updates You Need to Know!

A major highlight in the Budget is the removal of Basic Customs Duty (BCD) on specific key minerals essential for EV battery production. This includes minerals like cobalt powder, zinc, lead, and lithium-ion battery scraps.

This follows a significant increase in funding in recent years, with over Rs 8,000 crore allocated in the previous fiscal year, a substantial jump from the Rs 4,757 crore revised estimate for FY23-24.

The Union Budget 2025 lays a strong foundation for India's manufacturing sector, emphasizing ease of doing business, cost efficiency, technological advancements, and financial support for MSMEs.

The Union Budget 2025 introduces several significant measures aimed at strengthening the banking sector, enhancing credit accessibility, and simplifying financial processes. 

The Finance Minister lowered the customs duty on jewellery articles and parts from 25 per cent to 20 per cent, effective February 2, 2025. Additionally, platinum findings will now attract a 5 per cent duty instead of 25 per cent.

The Union Budget 2025 has introduced several measures to strengthen India's real estate and construction sectors.

Despite the lack of major announcements, some railway-related measures were included.

The Union Budget 2025 unveils transformative measures for the Healthcare and Pharma sectors, focusing on infrastructure, education, and affordability. 

Big Boost for Manufacturing, Warehousing & Supply Chains – Key Changes Unveiled! 

While the 2025 allocation is substantial, it's important to note the trend. In the 2024-25 fiscal year, the defence budget was Rs 6,21,940 crore, with a capital outlay of Rs 1,72,000 crore.

More and more people will join the pool of current 11 crore unique investors and will become stakeholders and beneficiaries of India’s growth journey thereby supporting a virtuous cycle of economic growth, capital formation and job creation.