Finance Minister Nirmala Sitharaman will present the Union Budget 2025-26 on February 1, 2025. The Finance Minister's speech will start at 11 am. This budget is going to be special as it will be her eighth consecutive budget, with which she is moving towards creating history. The middle class and the business world have many expectations from Budget 2025-26, especially regarding tax exemption, relief on inflation and development schemes.
This time the budget can be more than Rs 50 lakh crore, which is a big challenge for the government. The government will have to invest in the right direction to strengthen the economy while keeping the fiscal deficit under control.
Health sector budget
The Finance Minister can also increase the health sector's budget. Under this, about Rs 91 thousand crore was allocated last year. This year, 10 percent more money is likely to be allocated as compared to last year's health budget. Along with this, an announcement to increase seats in government and private medical colleges is also expected. There are also indications of reduction in import duty on some medical equipment.
Hike in Kisan Samman Nidhi likely
The amount of Kisan Samman Nidhi is also likely to be increased in this year's budget. In this time's budget, the recommendation of the Standing Committee of Parliament can be considered, in which it has been recommended to increase the Kisan Samman Nidhi from Rs 6 thousand annually to Rs 12 thousand. In this scheme, currently about 9.5 crore farmers are being transferred Rs 2-2 thousand in 3 installments.
PM Modi gave signs of relief
After Prime Minister Narendra Modi invoked the Goddess of Wealth for the upliftment of the poor and the middle class, hopes of getting relief in income tax have increased. Especially the lower middle class may get some relief in the budget.
Nirmala Sitharaman will present her eighth consecutive budget on Saturday, in which a cut or change in income tax rates / slabs is expected to give relief to the middle class struggling with inflation and stagnant salary increase.
No comments:
Post a Comment