Union Budget 2025
The Union Budget 2025-2026 was presented by Finance Minister Nirmala Sitharaman on 1 February 2025.
Key highlights of Union Budget 2025 include tax reforms, such as increasing the income tax exemption limit to ₹12 lakh and restructuring tax brackets to benefit middle-income earners.
The Union Budget 2025 also emphasizes infrastructure development, with a notable increase in capital expenditure to modernize transportation systems and urban infrastructure.
Additionally, Budget 2025 offers substantial support for startups and small businesses through extended tax holidays and simplified compliance measures.
What is Applying Guillotine in Lok Saha?
Guillotine in literary meaning is a machine that was invented during the French Revolution to execute people by beheading them. Also, a machine for cutting papers is called a guillotine.
However, in parliamentary terms, guillotine refers to a procedure ordered by the Speaker of Lok Sabha to pass a bill without discussion. Bills that are considered necessary for implementation but could be delayed due to fierce opposition logjam are passed through this route.
After the presentation of the Budget in Lok Sabha, Parliament goes for a three-week recess. During this period the House Standing Committees review and prepare reports on the demand for grants from various ministries.
The Business Advisory Committee (BAC) fixes a schedule for the debate on the demands for grants and budgetary proposals of key ministries such as Home, Defence, External Affairs and Agriculture are taken up for discussion. After these discussions, all outstanding demands are passed. However, whenever there is a logjam in the lower house of the Parliament, the Speaker applies guillotine to pass the Union Budget.
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