1. Personal Income Tax

No income tax for income up to Rs12 lakh under the new regime.

Limit increased to Rs 12.75 lakh for salaried taxpayers due to a standard deduction of Rs 75,000.

Rs 1 lakh crore in direct taxes to be forgone under these changes.

New Income-Tax Bill aimed at being clear and simple.

2. Indirect Tax

Removal of seven tariff rates.

Social Welfare Surcharge exempted on 82 tariff lines subject to a cess.

3. Insurance Sector

Foreign Direct Investment (FDI) in the insurance sector to be increased from 74% to 100%.

4. Government Receipts:

Total receipts (excluding borrowings) estimated at Rs 34.96 lakh crore.

Total expenditure pegged at Rs 50.65 lakh crore.

Net tax receipts projected at Rs 28.37 lakh crore.

Fiscal deficit forecast at 4.4% of GDP.

Gross market borrowings pegged at Rs 14.82 lakh crore.

Capital expenditure allocation at Rs 11.21 lakh crore (3.1% of GDP).

5. Agriculture Sector

Launch of Prime Minister Dhan-Dhaanya Krishi Yojana, covering 100 districts to benefit 1.7 crore farmers.

6-year ‘Mission for Aatmanirbharta in Pulses’ with a focus on Tur, Urad, and Masoor.

NAFED and NCCF to procure pulses from farmers over the next 4 years.

Comprehensive programme for fruits and vegetables.

Makhana Board to be established in Bihar to enhance production, processing, and marketing.

Urea Plant with a 12.7 lakh metric tonne annual capacity to be set up at Namrup, Assam.

6. MSME Sector

Investment and turnover limits for MSME classification enhanced by 2.5 and 2 times, respectively.

Customised credit cards with a Rs5 lakh limit for micro-enterprises registered on the Udyam portal, with 10 lakh cards to be issued in the first year.

New Fund of Funds with Rs10,000 crore fresh contribution to be set up.

New scheme for 5 lakh women, SC, and ST first-time entrepreneurs, offering term loans up to Rs2 crore over the next 5 years.

Focus product scheme announced, aimed at employment for 22 lakh people, Rs4 lakh crore turnover, and Rs1.1 lakh crore exports.

Scheme to create sustainable and innovative toys, making India a global hub for toys.

National Institute of Food Technology, Entrepreneurship and Management to be set up in Bihar.

National Manufacturing Mission announced to support small, medium, and large industries under “Make in India.”

7. Investment as engine of development

50,000 Atal Tinkering Labs to be established in government schools over the next 5 years.

Bharatnet project to provide broadband connectivity to all government secondary schools and primary health centres in rural areas.

Additional infrastructure in the 5 IITs started after 2014, facilitating education for 6,500 more students.

Rs 500 crore allocated for a Centre of Excellence in Artificial Intelligence for education.

10,000 additional seats to be added in medical colleges and hospitals next year, adding up to 75,000 seats in 5 years.

Revamped PM SVANidhi scheme with enhanced loans from banks, UPI-linked credit cards with Rs 30,000 limit, and capacity-building support.

Identity cards, e-Shram portal registration, and healthcare under PM Jan Arogya Yojana to be arranged for gig workers.

8. Infrastructure Development

Infrastructure-related ministries to develop a 3-year pipeline of projects in PPP mode.

Rs 1.5 lakh crore outlay for 50-year interest-free loans to states for capital expenditure with incentives for reforms.

Asset Monetisation Plan (2025-30) announced to generate Rs10 lakh crore for new projects.

Nuclear Energy Mission for research and development of Small Modular Reactors (SMR) with a Rs20,000 crore outlay. Five SMRs to be operational by 2033.

9. Transport and Connectivity

Modified UDAN scheme announced to enhance regional connectivity to 120 new destinations and carry 4 crore passengers over 10 years.

10. Housing and Trade

SWAMIH Fund 2 with Rs15,000 crore contribution for the expeditious completion of 1 lakh dwelling units, with contributions from the government, banks, and private investors.

‘BharatTradeNet’ (BTN) to be set up as a unified platform for trade documentation and financing solutions for international trade, reported the Indian Express.