Breaking India State Business Entertainment Biography Lifestyle

Budget 2024: There is no shortage of happiness, the budget is big, farmers and taxpayers will get relief, will these four big expectations be fulfilled?

Ritul Pandey

By Ritul Pandey

Published on:

How big is the announcement for farmers in the budget

Union Finance Minister Nirmala Sitharaman will present the full budget in the third week of next month. This is the third budget of the third term of the National Democratic Alliance government at the Centre. Looking at the Lok Sabha results, there is every possibility that there will be many big decisions in this budget. Sitharaman presented the interim budget on February 1. No announcement was made then. But this time there is a possibility of a rain of schemes on the central government. Farmers and taxpayers may get a gift in this budget.

More spending on infrastructure

The central government may increase capital expenditure in the budget. In the last few years, the government has increased capital expenditure on infrastructure. The government has laid more emphasis on infrastructure. Provision for this will be made in the budget to be presented next month. In the interim budget, the capital expenditure target was increased by 11.1 percent to Rs 11,11,111 crore.

read this also

New tax slab expected

According to a Bloomberg report, Union Finance Minister Nirmala Sitharaman may announce a new tax structure in the budget to be presented in July. The middle class has been kept at the center in the new tax structure. This Union Budget will be no less than a lottery for the middle class. There will be an attempt to provide not only income tax relief but also other reliefs. There is a possibility of reduction in duty on petrol and diesel. There are subsidies and tax reduction policies for buying a house, while efforts are being made to start special savings schemes for middle class working women.

The amount will be increased for PM Kisan Yojana

India is still called a country of villages. In 2019, the central government started the Pradhan Mantri Shetkari Samman Nidhi Yojana for farmers. Under this scheme, small landholding farmers are given financial assistance of Rs 6,000 annually. In three installments of two thousand each. At present, the central government has deposited the 17th installment in the bank accounts of 9 crore farmers. More than Rs 20 thousand crore was transferred in these. In the budget, the annual amount of PM Kisan is likely to increase from Rs 6,000 to Rs 8,000.

Emphasis on development of agriculture sector

It can be seen that many demands of the agriculture sector have been neglected in the last ten years. The longest agitation against the government has been carried out by farmers. The growth rate of the agriculture sector has come down to 1.4 percent. This is the lowest growth in the last 8 years. It is very likely that the government will take steps to emphasize the development of the agriculture sector in this budget.

Ritul Pandey

Ritul Pandey

I am Ritul Pandey, a content creator focused on delivering entertaining and engaging news from the worlds of entertainment and sports

Related Post

Leave a comment