For the first time ever, India’s budget expenditure has crossed Rs 50 lakh crore, reaching Rs 50.65 lakh crore. The fiscal deficit is pegged at 4.4% of GDP | Photo: Canva
Under the new tax regime, no income tax is payable on incomes up to Rs12 lakh — a move that boosts disposable income and savings for millions of Indians | Photo: Canva
In a good news for retired individuals, the tax deduction limit for senior citizens has doubled, from Rs 50,000 to Rs 1 lakh | Photo: Canva
The annual TDS limit on rent has been raised from Rs 2.4 lakh to Rs 6 lakh, easing tax burdens for landlords and tenants | Photo: Canva
The Budget has expanded access to lifesaving medicines, adding 36 drugs to the exempted list and 6 medicines under the 5% duty category. Additionally, 37 more medicines and 13 patient assistance programs have been included, ensuring better healthcare affordability for millions | Photo: Canva
Foreign Direct Investment (FDI) in the insurance sector has been raised from 74% to 100%, paving the way for greater investments and market expansion | Photo: Canva
Launching in 100 districts, the PM Dhan-Dhaanya Krishi Yojana scheme will benefit 1.7 crore farmers, providing financial and infrastructure support to boost agricultural productivity | Photo: PTI
The UDAN scheme is set to enhance regional connectivity with 120 new destinations, aiming to carry 4 crore passengers over the next decade. Besides, 50 top tourist sites will be developed in partnership with states | Photo: PTI
With Rs 20,000 crore allocated to Research, Development, and Innovation, India looks to strengthening its position in cutting-edge technology and scientific advancements | Photo: Canva
Published at : 01 Feb 2025 05:28 PM (IST)
