-
As per reports, the government is considering increasing the tax exemption limit to Rs 25,000.
-
This union budget, there is a demand to reduce the tax burden and rather give more tax exemptions to those who take health insurance.
-
If the NDA government increases the limit of the standard deduction in Union Budget 2024, it will increase the disposable income of salaried individuals, leading to an increase in spending. Increased spending will accelerate economic activities.
-
The government is considering measures exceeding ₹50,000 crore in the upcoming budget to boost spending. This includes cuts in tax rates for low-income earners.
-
To boost consumption, income tax rates could be reduced. The aim is to benefit lower income groups, whether salaried individuals or small business owners.
-
The scope of the Ayushman Bharat scheme has been expanded in the interim budget, including for ASHA, Anganwadi workers, and helpers.
-
Presenting the interim budget in Parliament, Finance Minister Nirmala Sitharaman said that all Asha workers, Anganwadi workers, and helpers will also be covered under the Ayushman Bharat Yojana.
-
Finance Minister Nirmala Sitharaman lowered both food and fertilizer subsidy estimations for financial year 2024-25 as compared to the current fiscal.
-
Farmers were hopeful from this year's budget because it is an election budget, and the government could have increased the amount in the PM Kisan Samman Nidhi Yojana to lure farmer voters.
-
Under the government's largest scheme, MGNREGA, budgetary allotment has been increased to Rs 86,000 crore.
