Institute of Company Secretaries of India (ICSI) has acknowledged Budget 2025 as a strategic financial plan aimed at fostering economic growth, sustainability, and inclusivity. The budget emphasizes social welfare by increasing funding for education, healthcare, and housing, particularly benefiting vulnerable communities. Initiatives like the Bharatiya Bhasha Pustak Scheme, National Centres of Excellence for Skilling, and AI-driven educational programs are expected to enhance youth empowerment.
ICSI also highlighted key regulatory reforms, including the establishment of a High-Level Committee for reviewing non-financial sector regulations, the Jan Vishwas Bill 2.0 for decriminalizing certain legal provisions, and streamlined processes for company mergers and tax compliance. Additionally, support for first-time entrepreneurs, private-sector-driven research, and the PM Research Fellowship are seen as measures to encourage innovation. The proposal for a new income tax bill was also welcomed.
CS Dhananjay Shukla, President of ICSI, emphasized that Budget 2025 reflects ongoing collaboration between policymakers, industry experts, and the public, setting the foundation for India’s long-term development. He reaffirmed ICSI’s commitment to supporting the government’s vision for “Viksit Bharat 2047.”
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The Institute of Company Secretaries of India
IN PURSUIT OF PROFESSIONAL EXCELLENCE
Statutory body under an Act of parliament
(under the jurisdiction of ministry of corporate Affairs)
PRESS RELEASE
Chief of Bureau
01 February 2025
ICSI appreciates Budget 2025
The ICSI welcomes Budget 2025, a balanced and transformative financial blueprint aimed at fostering long-term economic growth, sustainability, and inclusive prosperity.
The budget marks a significant milestone in the journey toward achieving balanced economic development, supporting businesses, and enhancing the lives of every individual across the nation. A key priority is expanding social welfare programs aimed at supporting vulnerable communities, including increased funding for education, healthcare, and housing.
Measures like Bharatiya Bhasha Pustak Scheme, National Centres of Excellence for Skilling, Centre for Excellence in Artificial Intelligence for Education, Broadband Connectivity in Primary Schools would immensely empower youth.
Regulatory reforms such as setting up of a High-Level Committee for review of non-financial sector regulations to strengthen trust-based governance, Jan Vishwas Bill 2.0 towards decriminalization of certain provisions under various laws, are commendable. Rationalization of requirements for speedy company mergers, rationalization of TDS/TCS, measures for encouraging voluntary compliance reflects bringing a lot of business ease.
Further the scheme for first time entrepreneurs, PM research fellowship, private sector driven research would foster innovation. The proposal to introduce new income tax bill is also a welcome step.
Applauding Budget 2025, CS Dhananjay Shukla, President, The ICSI, said “this budget is a reflection of continuous dialogue between policymakers, industry experts, and the general public and endeavors to future proof the growth & development of all. The ICSI assures its irrefutable support in realising this vision of the Government that draws the roadmap to “Viksit Bharat 2047”.
Preeti Kaushik Banerjee
Joint Secretary The ICSI
Tel: 011-4534 1022
Email: preeti.banerjee@icsi.edu
About ICSI
The Institute of Company Secretaries of India (ICSI) is a premier professional body set up under an Act of Parliament, i.e., the Company Secretaries Act, 1980, for the regulation and development of the profession of Company Secretaries in India. It functions under the jurisdiction of the Ministry of Corporate Affairs, Government of India. The Institute, being a pro-active body, focuses on the best and top-quality education to students of the Company Secretaries Course and the best quality set standards for CS members. The Institute has around 75,000 members and about 2 lakh students on its roll.
