- In the budget, the middle class is expected to get a big relief in income tax. CII has appealed to reduce the tax rate for personal income up to Rs 20 lakh annually. According to the CII, a good cycle of consumption, economic development and increase in tax revenue can begin.
- Petrol diesel can also be cheap after the budget. CII in its budget proposal suggested that it is necessary to reduce excise duty on fuel. 21% of the Central Excise Duty in the price of petrol is included alone, while diesel is 18%.
- The CII has suggested to the government that for the PM Kisan Yojana, Rs 8,000 should be given instead of Rs 6,000 annually. Along with this, MNREGA wages have also been advocated to increase the wages from Rs 267 to Rs 375.
- In view of uncertainty and slowdown in the international economy, exporters have demanded special package in the budget. The Federation of Indian Export Organization said that due to the war, the export of handicraft and carpet has been affected, so special package should be given.
- The semiconductor and electronics sector also have high expectations from the budget. Both these sector are the focus area of the government. Vinod Sharma, chairman of CII’s National Committee on Electronics, is expected, a big package will be announced to further promote manufacturing in the budget.
- Prior to the budget, India’s foreign exchange reserves have increased by $ 5.57 billion to $ 629.56 billion. Earlier, there was a decline in foreign exchange reserves for the last few weeks. Foreign currency reserves fell $ 1.89 billion to US $ 623.98 billion last week.
- Earlier on Thursday, the Finance Minister presented an economic survey. In this, the country’s GDP rate for 2025-26 is estimated to be 6.3% to 6.8%, while in the year 2023-24 the country’s growth rate was 8.2%. The economic survey states that the basic aspects of the country’s economy remain strong. Private investment is stable … however, the global atmosphere still remains unstable, which will remain a challenge.
- The economic survey states that all sectors of the economy are performing better. The agricultural sector is strong, the industrial sector has gone up above the situation before the corona epidemic. The service sector is also performing very well. Inflation is also under control.
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