The Union Budget refers to the annual financial statement presented by the government of a country, specifically in countries like India, that outlines the government’s planned revenues and expenditures for the upcoming fiscal year. It includes details on income sources, such as taxes and other revenue, as well as spending priorities across various sectors, including infrastructure, health, education, and defense. The budget is prepared by the Ministry of Finance and is presented in the parliament, typically in February. It serves as a crucial tool for economic planning and reflects the government’s policy priorities, aimed at promoting growth, development, and welfare. The Union Budget is closely scrutinized by various stakeholders, including policymakers, economists, businesses, and the public, as it influences the economic direction of the country.
As February 1 approaches, India's fintech leaders are eagerly anticipating the Union Budget for the financial year 2025-26, hoping for initiatives that will elevate their industry and support underserved communities.…