support@headlinenews360.com
People had high hopes this time about budget 2025. In such a situation, it is definitely true that the budget of this time has been much better than all the budgets of Nirmala Sitharaman so far. In this, while especially the salaried people, MSMEs, special care was taken on one side, it has also been thought of for the growth of the manufacturing sector.
Despite all these things, if you do not see anywhere, then this is the budget for those salaried people of Bihar and Delhi, because there is election in both places. What will be the benefit of them in the election and how they will vote according to that, this budget can probably guide him.
If you look at the budget for Bihar, then the announcement of special things including Makhana Board for Mithilanchal, special green field for IIT in Patna. Apart from this, 2 special airports of Bihar Bihta and Patna are developed like brown field airport, all these things will be found that special care has been taken of many other things in Bihar.
Connectivity will increase in villages
Similarly, relief has also been given in tax. People have got direct relief in income tax. Earlier, there was relief in income of up to seven lakhs in the budget, even before that there was a base of four to three lakhs and there was an income of up to 7 lakhs, there was no tax on it. Earlier people had an income tax exemption on earnings up to 7 lakhs, whose limit has now been increased to Rs 12 lakh. Apart from this, there is 17 thousand standard deduction, that is, no tax has to be paid on 12 lakh 75 thousand.
This will be better for the overall development of the economy, because this will increase the purchasing power of the people and there will be a good sign in the entire market. Also, there is a lot of pressure on the agriculture sector. In such a situation, the way the loan of up to 3 lakh was received on the farmer credit card, it was now increased to Rs 5 lakh, this is a big relief for the farmers.
Apart from this, an innovative work has been done to increase the income of farmers in agricultural vision and to benefit maximum. Whereas, the work that has been reduced due to the increase in the courier with the Indian Postal Department, in such a situation, the last mile connectivity has been done for the farmers, the Indian Postal Bank and its entire department, so in such a way India Postal bank will do.
New jobs in footwear-khiloni
Food processing and food export sector will benefit from the announcement of 60 thousand crores in the budget, now full attention will be given to increase food exports. In addition, emphasis is being laid on increasing the quality of cultivation and production of edible oil, pulses and cotton. Which is a mission of five or six years. Farmers are expected to benefit from this.
Till now we import both oilseeds and pulses. Now it is not an effort to import it to become such self -reliant in the next five or six years that we can export from edible oil and food grains to the other pulses we import. If this happens, GDP will be expected to increase.
If we talk about footwear and toy sector, then an attempt is being made to create a national hub of toys. Our shoes either come from abroad or are making foreign companies in India itself. Now the effort is that shoes are also being constructed by creating a footwear mission. This will create about 22 lakh new jobs of different ways to the sector of toys and shoes.
On seeing all these things, you will find that over all growth was focused. Also, startups have also been noticed. Manufacturing pressure is very high. 10 thousand new startups will be made, they will also manufacturing. In such a situation, there should be footwear sector, toy sector or separate startups… All these will give a new momentum to the economy.
(Note- The above given views are the personal views of the author. It is not necessary that ABP News Group agrees. Only the writer is responsible for all the claims or objections related to this article.)
