Finance Minister of India Nirmala Sitharaman has presented the Union Budget 2024-25. She said that the economy of India is going well, and thus, the budget is focusing more on empowering women, farmers, youth, and the poorest population.
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Sitharamn has said that their primary focus of Budget 2024-25 is now on the poor, farmers, women, and the youth. Now, the government will focus on empowering women, enhancing the farmers’ income, and creating more jobs for the Indian youth. She added during her Budget Speech that the Indian Economy is doing well with the “Sabka Sath, Sabka Vikas,” and they have successfully controlled inflation.
Here are 10 Key Highlights of Union Budget 2024-25 that you need to know
- Finance Minister Nirmala SItharaman has said that the government is working towards “‘Viksit Bharat,” their goal is to make India a developed nation by 2047.
- The finance minister has said that they are focusing more on women, the Poor, youth, and farmers (Mahilayen, Garib, Yuva, and Annadata)
- Further, Sitharaman has also said that the minimum support prices for the crops are periodically increased as they focus on empowering farmers by increasing their incomes. She added that around 11.8 crore farmers receive direct financial help annually under the PM Kisan Samman Yojana. Also, more than four crore farmers are getting crop insurance under the PM Fasal Bima Yojana.
- During the Union Budget 2024-25 speech, Sithraman also said that the Indian economy is doing very well than expected, and they have controlled the inflation.
- In her speech, the finance minister dramatically pushed the infrastructure, including the railways, ports, and aviation.
- There are no significant changes in taxation as the Finance Minister has said that the tax rates will be the same for the direct and indirect taxes and the export duties.
- Apart from this, the Finance Minister of India has also announced the establishment of a port connectivity corridor, which includes a mineral, energy, and cement corridor and a high-traffic density corridor to enhance connectivity in the respective sectors.
- Sithraman has also introduced a program to support the deserving sections residing in rented accommodations, chawls, slums, or unauthorized colonies in constructing or acquiring their homes.
- Finance Minister Nirmala Sithraman has also introduced rooftop solarisation, which will benefit over one crore households and offer up to 300 accessible monthly units.
So these are the major key points from the Union Budget 2024-25 speech by Nirmala Sithraman. What are your views on these? Please let us know in the comment section below.
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