Was The 2025 Budget Passed. India's fiscal deficit reached 46.5% of its budget estimates in the first seven months of fy2025, amounting to rs 7.51 lakh crore. The senate appropriations committee on thursday passed its first batch of government funding bills for fiscal 2025, greenlighting hundreds of billions of dollars in federal.
Recently passed amendments to a fiscal planning law could reduce the defense budget by 28%, or nt$80 billion (us$2.44 billion), which would “have a serious impact on the. India is planning to reduce income tax for people earning up to 1.5 million rupees a year.