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Old pensions, tax exemptions, government jobs… what demands can be met in the budget?

Sagar Patel

By Sagar Patel

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After the formation of the Modi 3.0 government, the countdown to the full budget has begun. Soon the government will be able to present the country’s complete budget. If sources are to be believed, the Government could present the budget in the second half of July. As always, people have high expectations regarding this budget. In this sense, especially employees want a further reduction in tax rates, while people also have expectations regarding government jobs and the old pension system. In such a situation, please let us know what demands can be met in this quote.

The government can consider these issues.

The government’s objective is to continue development work while keeping inflation under control. According to sources, there may be an adjustment in the income tax slab under the old system or an increase in the tax exemption limit for the new system. People from different income groups can benefit from this. Additionally, the government could also consider offering tax relief to specific groups, such as high spenders, through new tax brackets.

People made this demand.

The government is busy preparing the budget. In this series, in meetings with Finance Minister Nirmala Sitharaman, people from the Indian industry advocated taking concrete steps to reduce the income tax burden of the common man, increase capital expenditure and control inflation of the food. Apart from this, people associated with the industries have demanded the Government’s Production Linked Incentive (PLI) Scheme, which will make it easier to do business. The IIC has also made recommendations for agriculture and rural development.

The government can focus on these

According to the information, the Modi 3.0 government will move forward with a strategic focus on capital expenditure by prioritizing investment in infrastructure, education and health services in the General Budget 2024-25. Formation of the 8th Wages Commission, increase in tax exemption for the salaried class and restoration of the old pension system were the main demands of the union leaders presented to the Finance Minister during the pre-budget meeting.

He has also demanded that all existing vacant posts in different departments of the Central Government and in PSU companies be filled immediately and the culture of outsourcing and outsourcing be put to an end.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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