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Will the middle class receive relief? This appeal was made to Finance Minister Nirmala Sitharaman in the pre-budget meeting.

Sagar Patel

By Sagar Patel

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Finance Minister Nirmala Sitharaman at the pre-budget meetingImage Credit Source: PTI

For the third consecutive time, the NDA government has been formed in the country. Under the leadership of Narendra Modi, all ministers have taken charge of their respective departments after taking oath. Now it is the turn to present the budget for the entire year to the country. In February, when Finance Minister Nirmala Sitharaman presented the interim budget, details of expenditure and revenue till the formation of the new government were given. Every five years, when Lok Sabha elections are held, the full budget is presented after the formation of the new government. Preparations in this regard have already begun.

This call was made in the pre-budget meeting.

Union Minister of Finance and Corporate Affairs Nirmala Sitharaman today chaired the first pre-budget meeting with the country’s top economists on the upcoming General Budget 2024-25 in New Delhi. In the budget, experts recommended that the Minister of Finance grant relief to the middle class, and there was talk of exemption from direct taxes. We tell you that the first full budget of the third term of the Modi government may be presented in July.

The startup industry also has this hope

With the formation of Modi 3.0, the startup industry is hoping for a booster dose. Prime Minister Modi’s dream of Startup India now wants to reach new heights of progress. On the budget, a senior official has said that the Ministry of Commerce and Industry may demand more funds for startups in the upcoming budget announced by the new government to promote innovation in the country.

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The initial fund scheme announced in April 2021 with an amount of Rs 945 crore will expire in 2025. The ministry could consider proposing a new similar scheme. This sector is generating a record number of jobs in the country. A World Economic Forum report released in January 2024 said that Indian tech startups were able to directly employ over 10.34 lakh people in 2023. It was also said that this number is expected to increase in the coming years. This means that the startup industry will grow faster in the coming times.

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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