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.* 💪🇮🇳 _*Follow Oliveboard for the latest updates:*_ https://t.me/OliveboardApp
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