Bank Exam Preparation
February 1, 2025 at 10:07 AM
🚀 *Union Budget 2025-26: Game-Changer for India's Economy?*
The Union Budget 2025-26 has been unveiled, bringing key reforms *to boost economic growth, empower citizens, and drive investmen* t. Here’s a breakdown of the biggest highlights you need to know:
*🔹 Tax Reforms: Big Relief for Salaried Class!*
✅ Tax exemption limit raised to ₹12 lakh – more savings for taxpayers!
✅ Maximum 30% tax rate now applicable only on income above ₹24 lakh.
✅ Simplified tax filing process to reduce compliance burden.
*🔹 Agriculture & Rural Development: Supporting Farmers*
✅ 17 million farmers to benefit from high-yield crop programs.
✅ ₹1.5 lakh crore allocated for irrigation and rural infrastructure.
✅ More subsidies and easy credit access to boost agricultural growth.
*🔹 Infrastructure & Industrial Growth: Mega Investment Push*
✅ Record allocation for railways, highways, and regional airports.
✅ New focus on critical minerals to strengthen India’s manufacturing sector.
✅ Smart City Expansion and urban infrastructure projects on priority.
*🔹 Boost for Startups & MSMEs: Encouraging Entrepreneurship*
✅ Lower interest rates on business loans for startups & MSMEs.
✅ Tax incentives to promote innovation, AI, and digital transformation.
✅ Expansion of ease-of-doing-business policies to attract global investment.
*🔹 Social Welfare & Employment: A People-Centric Budget*
✅ Higher budget for healthcare and education, ensuring better facilities.
✅ Skill development programs for youth to create 2 million new jobs.
✅ Special schemes for women entrepreneurs and financial inclusion.
This budget is designed to *empower taxpayers, strengthen industries, and build a stronger India.* 💪🇮🇳
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