Finance Ministry's bill of the year presented: Up to 300 units of free electricity from rooftop solar, housing scheme for the middle class.
New Delhi, The budget presented in the Finance Ministry was neither a tax cut nor any major announcement, but this bill was not made interim, whereas Sitharaman had told 8 weeks ago that this is an election year, so the budget has to be interim only, hence this It is learned that the Finance Minister will present the next budget when the new government is formed in June-July.
Finance Minister's speech.
The Finance Minister gave a speech of about 58 minutes. After this, PM Modi repeated the words so many times. The maximum tax treatment was done 42 times, but there was no change in any kind of tax, direct or indirect. Almost everything was as before. As it is, but there are many schemes starting from PM.
Main points related to the budget.
In this new budget, there has been no relief in income tax and most of the taxes related to it, whereas the budget clearly revealed that
In the old tax regime, only income up to Rs 2.5 lakh could be tax free, but if we talk about the Act, according to Section 87A, tax can be saved on income up to Rs 5 lakh.
Under the new tax regime, there is no tax on income up to Rs 3 lakh, in which under 87A, salaried persons get exemption on income up to Rs 7.5 lakh and the rest on income up to Rs 7 lakh.
New element in the budget.
In this budget, not much but less than expected announcements have been made for women, but still 3 crore women
The target has been set to make Lakhpati Didi and for the prevention of cervical cancer, girls aged 9-14 years will be given free vaccination while all Anganwadi and Asha workers and helpers will be brought under the ambit of Ayushman Bharat scheme.
The scope of the farmer also remained limited.
Minimum Support Price of crops i.e. MSP has not been increased in the scope of Minimum Support Price of crops, while there has been no increase in the Kisan Samman Nidhi of Rs 6,000 in a year.
Scope of defense.
Defense has the biggest share in the interim budget. Rs 6.2 lakh crore has been given for it, which is an increase of 3.4% compared to last year. The government is trying to strengthen deep-tech technology so that the country can become self-reliant for weapons. .
Budget for infrastructure.
In this budget, infrastructure has been said to be very important because in the form of infrastructure, Metro and Namo Bharat project will get a boost. 3 more railway corridors will be built in the country. Capacity to make gas from coal to reduce the cost of import of natural gas, methanol and ammonia. To be increased to 100 metric tons by 2030.
Statement of PM Narendra Modi.
PM Narendra Modi said that this budget is based on youth, poor, women and farmers, this is a budget which is effective for building the country. Saying this, Modi congratulated Nirmala and her team.
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