In just a few days, the eagerly awaited Budget 2024-2025 is scheduled for February 1, 2024.
People are anxiously anticipating the insights that will emerge from this crucial session.
Reflecting on the previous budget, Finance Minister Nirmala Sitharaman made noteworthy adjustments to slab rates for individuals choosing the new income tax regime, among other changes outlined in Budget 2023.
Budget 2023 envisions 'Amrit Kaal,' focusing on opportunities for citizens and youth, job creation, and a robust economic environment.
Saptarishi-7 priorities include inclusive development, reaching the last mile, infra and investment, youth empowerment, potential unleashing, financial sector growth, and green initiatives.
Agriculture Accelerator Fund encourages rural startups, fostering economic growth.
National Digital Library for children and adolescents enhances educational resources.
Urban infrastructure in Tier 2 and 3 cities develops via UIDF establishment.
Budget 2023 introduces three specialised AI centers in colleges, boosting technological advancements.
Mahila Sammman Bachat Patra offers a one-time small savings scheme, allowing a deposit facility of up to Rs 2 lakh for women.
Income tax rebate limit raised from Rs 5 lakh to Rs 7 lakh in the new regime, with no tax up to Rs 3 lakh and a 30% tax on income above Rs 15 lakh.
Enhanced benefits for senior citizens in Budget 2023, increasing the maximum deposit for savings scheme from Rs 15 lakhs to Rs 30 lakhs.
National Data Governance Policy facilitates data access for startups and academia, promoting a tech-forward approach.