Budget 2025: Focus on many sectors!
Former IRS Vinod Singh said that this budget is quite progressive. After the relief in income tax, demand in india will increase and production will be boosted. Its direct benefit will be that indians who were turning to foreign markets for investment, will no longer need to go there. There will be a reduction in that. Apart from this, a special announcement for farmers will benefit them a lot.
Vinod Singh said that the income of Rs 12 lakh which has been kept tax free for income tax payers can be seen in two ways. First, many people will come out of the tax net. Most of the people who pay tax in india are service people, their number will be less. On the other hand, after they get relief, the money that will be saved from tax will go towards investment or job creation. This can be seen as a big relief for the middle class people. Earlier, these middle class people had to pay the highest tax. The circle after the limit of 12 lakhs is also 15 percent, which was earlier 20 percent. This is also a relief.
Will help in increasing GDP
Vinod Singh says that this budget will help in giving a new life to the GDP. Apart from this, special attention has also been given to the power, mines, mineral sectors in the budget. This will also give a boost to the slow-moving construction sector.
Apart from this, capital gains have also been exempted. Increasing the loan limit of Kisan Credit Card will greatly benefit the people in rural areas, especially the agriculture sector, so that they will get relief in buying fertilizers and seeds. Former IRS Vinod Singh said that since the middle class is the backbone of democracy, they are the biggest consumers of the country. This class is the highest income tax payer. In such a situation, they should definitely get this relief.
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