Union Finances 2025: How Finance Minister Nirmala Sitharaman’s announcement impacts Indian sports activities
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With Finance MInister Nirmala Sitharaman unveiling India’s funds for FY 2025-26, which incorporates tax exemption for salaried people incomes as much as Rs 12 lakh each year, we check out the way it impacts Indian sport – from federations to flagship programmes corresponding to Khelo India.
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Finance Minister Nirmala Sitharaman offered the Union Finances on Saturday with the spotlight of the announcement being
salaried people incomes as much as Rs 12 lakh each year being exempted from revenue tax. The choice comes as nice information for taxpayers in addition to analysts who had been demanding revenue tax reduction owing to rising prices of dwelling within the nation.
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Finance Minister Nirmala Sitharaman unveils Union Finances 2025
Sitharaman additionally
launched modifications to the customs tariff construction with a number of gadgets together with life-saving medicines and affected person help packages exempted from the Primary Customs Responsibility.
How does Union Finances 2025-26 have an effect on Indian sport although? Right here’s what you want to know:
Khelo India will get largest slice of the sports activities funds pie
Among the many highlights from Sitharaman’s announcement on the primary day of February was the Ministry of Youth Affairs and Sports activities, presently led by Mansukh Mandaviya, being assigned a funds of Rs 3,794.30 crore for FY 2025-26 – a hike of Rs 351.98 crore from the funds that was offered for the earlier fiscal 12 months.
Additionally getting a hike is ‘Khelo India’ – the central authorities’s flagship sports activities programme that goals to nurture a powerful sporting tradition within the nation proper from the grassroots stage, which additionally hosts an annual multidisciplinary youth video games that’s carried out at a nationwide stage.
The Khelo India programme has been set a funds of Rs 1,000 crore from the Rs 800 crore in FY 2024-25.
खेलेगा इंडिया, तभी तो खिलेगा इंडिया! 🇮🇳
Gratitude to PM Shri @narendramodi Ji & FM Smt. @nsitharaman Ji for rising the funds for the Ministry of Youth Affairs & Sports activities in #ViksitBharatBudget2025.
This may additional strengthen sports activities infra, enhance Khelo India and develop… pic.twitter.com/LXsMkRZNIr
— Dr Mansukh Mandaviya (@mansukhmandviya) February 1, 2025
Moreover, Nationwide Sports activities Federations are set to obtain an help of Rs 400 crore from Rs 340 crore within the earlier FY whereas autonomous sports activities our bodies, together with the Sports activities Authority of India and Nationwide Anti-Doping Company, have been allotted Rs 1,558 crore.
A considerable portion of the sports activities funds – Rs 2,191.01 crore to be exact – has been put aside for central schemes and initiatives. This consists of the Rashtriya Yuva Sashaktikaran Karyakaram, Pandit Deendayal Upadhyay Nationwide Welfare for Sportspersons, Nationwide Sports activities Improvement Fund amongst others apart from the Khelo India Programme.
The hike in sports activities funds comes at a time when India has made fast strides in main international sporting occasions such because the Paralympics, with the nation amassing a complete of 29 medals together with seven gold within the Paris Video games final 12 months, and has additionally introduced its intention to host the 2036 Olympics.
