Nirmala Sitharaman said these big things in Parliament!
Speaking in the lok sabha during the Budget Session 2025 of Parliament, the Finance minister said that presenting the budget has become more challenging than before. He also said that the trend of inflation in the country seems to be slowing down, especially in the case of food products. Apart from this, while answering the question of trinamool congress (AITC) mp Nadimul Haque, Finance minister nirmala sitharaman said that since the implementation of GST, there has been a steady decline in tax rates.
He told in the rajya sabha that after the implementation of Goods and services Tax (GST), there has been a reduction in indirect taxes. He said that under the old tax system, the average direct tax rate was 15.8 percent, which has now come down to 11.3 percent. Apart from this, he said that earlier 15.8 percent tax was levied on everyday things, but now it has come down to 11.3 percent. The GST Council is continuously reducing the rates. He also clarified that GST has not increased the tax burden on anything, but tax rates on many products have been reduced.
Who got how much in the budget?
Union Finance minister nirmala sitharaman said in the lok sabha, "The government intends to use 99 percent of its borrowing for effective capital expenditure in the coming year (2025-26). The budgetary allocation for different sectors in the year 2025-26 is as follows - Rs 1.71 lakh crore to agriculture, Rs 2.67 lakh crore to rural development, Rs 6.45 lakh crore to urban development and transport, Rs 2.27 lakh crore to health and education and Rs 4.92 lakh crore to defense (which does not include defense pension). I want to make it clear that there has been no reduction in funds for any capital expenditure sector." Budget making is more challenging than ever
Union Finance minister nirmala sitharaman said during the debate on the Union Budget in the lok sabha that budget making has become more challenging than ever due to global uncertainties. She said that challenges like the Russia-Ukraine war, the ongoing conflict in the Middle east and global inflation are affecting all developing economies including India. The Finance minister said that despite free trade and globalization, the problem of fragmentation and rising debt persists.
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