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Income Tax Reforms To provide relief to the middle class and stimulate consumption, the government has raised the income tax exemption limit from ₹7 lakh to ₹12 lakh. Additionally, a standard deduction of ₹50,000 has been introduced for salaried individuals, effectively making income up to ₹12.5 lakh tax-free. This move is expected to increase disposable income, thereby boosting spending and economic activity. -INDIANEXPRESS.COM
Powerful Union Budget Of India-2025
Agricultural Development A new national mission has been launched to enhance crop productivity, targeting 17 million farmers. The initiative includes increased subsidized credit limits and the promotion of sustainable farming practices. By focusing on high-yield crop programs and providing financial support, the government aims to strengthen the agricultural sector and ensure food security. -APNEWS.COM
Infrastructure Investment The budget allocates ₹1.5 lakh crore for infrastructure development, with a focus on modernizing transportation networks, including roads, railways, and ports. This investment is expected to improve connectivity, reduce logistics costs, and create employment opportunities, thereby contributing to overall economic growth. -INDIABUDGET.GOV.IN
Powerful Union Budget Of India-2025
Support for the Gig Economy Recognizing the growing gig workforce, the government plans to formalize this sector by providing access to healthcare and welfare initiatives. This includes the introduction of social security schemes and skill development programs to enhance job security and improve the quality of life for gig workers. -APNEWS.COM
Promotion of Startups and Innovation To foster innovation and entrepreneurship, the budget proposes tax incentives for startups, including extended tax holidays and simplified compliance procedures. Additionally, a fund has been established to support research and development in emerging technologies, aiming to position India as a global innovation hub. -APNEWS.COM
Powerful Union Budget Of India-2025
Energy Sector Initiatives A significant allocation has been made for the energy sector, with a focus on renewable energy projects. The government has also announced a Nuclear Energy Mission, targeting the achievement of 100 GW of nuclear power by 2047. These initiatives aim to ensure energy security and promote sustainable development. -APNEWS.COM
Fiscal Deficit Reduction The government is committed to fiscal consolidation, aiming to reduce the fiscal deficit to 4.4% of GDP in the upcoming fiscal year. This will be achieved through prudent expenditure management and measures to enhance revenue generation, ensuring long-term economic stability. -APNEWS.COM
Powerful Union Budget Of India-2025
Education and Skill Development The budget emphasizes the importance of education by increasing funding for schools and higher education institutions. Additionally, new skill development programs are being introduced to align the workforce with industry demands, thereby enhancing employability and supporting economic growth. -APNEWS.COM
Healthcare Initiatives To improve public health infrastructure, the government has allocated funds for the establishment of new hospitals and the upgrade of existing facilities. There is also a focus on preventive healthcare measures and the expansion of health insurance coverage to ensure accessible and affordable healthcare for all citizens. -APNEWS.COM
Powerful Union Budget Of India-2025
Environmental Conservation The budget introduces initiatives aimed at environmental conservation, including afforestation programs and investments in clean energy projects. These efforts are designed to promote sustainable development and address the challenges posed by climate change. -APNEWS.COM
