- Modi Government 3.0’s first budget was eagerly awaited by everyone, with Finance Minister Nirmala Sitharaman presenting it today at 11 AM.
- The budget aims to provide relief to common citizens and improve conditions for people at all levels, with significant announcements across various fields.
- Finance Minister Nirmala Sitharaman highlighted strategic initiatives spanning agriculture, manufacturing, and the services sector, as well as revisions to capital gains and income tax frameworks.
- Nine critical areas for governmental focus were identified, including enhancing productivity in agriculture, promoting inclusive human resource development, and fostering innovation and research.
- Specific support for Bihar and Andhra Pradesh was announced, with measures aimed at boosting human resource development and economic opportunities in the eastern region.
- The budget also included a thorough review of the Income Tax Act to enhance clarity and user-friendliness, with changes to tax slabs and an increase in standard tax deduction.
- Mixed reactions from the public were seen, with some praising the budget for its focus on job creation and environmental concerns, while others criticized the lack of provisions for education, health, and social justice.
- Small business owners expressed concerns about the impact of the budget on common people, with some feeling neglected and others appreciating the relief for the middle class, women, and youth.
- Environmentalists highlighted the lack of priority given to environmental protection in the budget, while industry representatives praised the comprehensive nature of the budget and its potential to drive India towards becoming the third-largest economy in the world.
- Overall, the budget was seen as a step towards achieving the government’s vision of ‘Viksit Bharat,’ although concerns were raised about the allocation of resources and infrastructure development in certain regions like western Maharashtra.
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