After independence, the country chose another Prime Minister for the third consecutive time in 2024. PM has also considered Modi’s third term as an important world for India. Modi is clearly a glimpse of future India in the first full -time budget of 3.0. Where there is no tax hit. There are many plans for the common man and is of doing to do business. After the budget, PM Modi himself also described the budget as historic. Understand why the budget is historical …
- Budgets filling people’s pockets-Now there will be no income tax on earnings up to Rs 12 lakh. That is, if your annual income is up to ₹ 12 lakhs, then you will not have to pay tax. Apart from this, by adding standard deduction, this limit increases to ₹ 12.75 lakhs.
- Lust on ship building-Currently, the scheme is available only for ships going to the sea. To promote the country’s water transport, it has been proposed to extend the benefits of the scheme for inland vessels registered under the Indian Traemsment Act, 2021. This will give a boost to water transport in the country.
- Hotels will be built on 50 tourist testing-The top 50 tourist destinations in the country will be developed through Challenge mode through the participation of the states. For this, the state will make arrangements for land for the construction of infrastructure. Hotels of those sites will be included in the Infrastructure HML.
- Focus on employment-Employment has been specially focused in the budget. The government has paid special attention to the job creation by focusing on areas like Infrastructure, MSME and Tourism. In the toy sector, footwear and leather sector, there is a lot of efforts after this budget. It is expected that 5-6 crore jobs will come from these areas only.
- Mission for manuscript-Gyan Bharatam Mission will be started for survey, documentation and protection of manuscript with educational institutions, museums, libraries and private collectors. It will include more than 1 crore manuscripts. National Digital Collection will be installed to make it accessible to all.
- Irrigation in 100 districts- With the participation of states in the budget, ‘Prime Minister Dhan-Dhanya Krishi Krishi Yojana’ has been announced. This will include 100 such districts of the country, where there is less productivity of the crop, less crops are sown and farmers take less than average. Through this scheme, special attention will be paid to the improvement of irrigation facilities along with increasing the agricultural productivity of farmers.
- Kisan Credit Card Limit- The limit of Kisan Credit Card has been increased in the budget. Now the limit of Rs 3 lakh has been increased to Rs 5 lakh. This will benefit 7.7 crore farmers, fishermen and people associated with dairy work.
- Lack of tax in all slabs- In the budget, the Finance Minister has reduced tax in every slab. If you earn 12 lakhs annually and you have chosen a new tax regime, then you are now out of the scope of tax. Slabs of new tax regime have been changed. There will be 15 % on income of 12 to 16 lakhs, 20 % on income of 16 to 20 lakhs and 25 % tax will be levied at 20 to 24 lakhs. This will directly benefit the 12 lakhs of 80 thousand. The one who earns 18 lakhs will save 70 thousand rupees. Those with 25 lakh income will benefit 1 lakh 10 thousand.
- National Manufacturing Mission-The goal of the National Manufacturing Mission is clear, promoting the Indian product. The National Manufacturing Mission will work with the states to make land policy, labor policy, power rates etc. easier and make them globally competitive. Private sector will also contribute in this.
- Loan- Loan guarantee of small and middle industries has been increased. It has been increased from 5 crores to 10 crores. In the next 5 years, additional loans of 1.5 lakh crores will be available. The loan for start-up has been increased from 10 crores to 20 crores.
(Tagstotranslate) Budget Live (T) Budget News (T) Union Budget (T) Budget 2025 Live Updates (T) Budget Live Updates (T) Today Budget News (T) Today BUDGET TODAY (T) BUDGET 2025 2025 live