Finance Minister will focus on farmers, women and taxpayers in the election budget.

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Interim Budget 2024: Finance Minister Nirmala Sitharaman ,Nirmala Sitharaman) on 1 February union budget ,Union Budget) will present. This budget is coming before the Lok Sabha elections. In this case it election budget ,Election Budget) is being seen as. Lok Sabha elections are going to be held in April-May. Finance Minister Nirmala Sitharaman can increase focus on sections like farmers, women, youth. Apart from this, some relief is also expected in income tax. This is also indicated by past trends. Lok Sabha elections were held in 2019. Before that the government had presented the interim budget. It was presented by Union Minister Piyush Goyal. In this he had announced a big scheme for the farmers. An attempt was also made to provide relief to taxpayers.

Focus on rural areas

Finance Minister Nirmala Sitharaman’s focus is expected to increase on agriculture sector and rural economy in the interim budget. The reason for this is that even though the share of agriculture sector in GDP is not high, about 65 percent of the population lives in villages. A large part of it is dependent on farming. In 2019, the government had announced the PM Kisan Samman Nidhi Scheme. Under this scheme, financial assistance of Rs 6,000 is given annually to the farmers by the government. Some experts say that Sitharaman can increase the financial assistance to Rs 6,000-8,000 annually in the interim budget. The Finance Minister can also increase the target for agricultural loans. The government wants to bring every farmer under the ambit of Kisan Credit Card (KCC).

Relief for taxpayers

The Finance Minister may try to provide relief to taxpayers in the interim budget. In the interim budget of 2019, the government had increased the limit of standard deduction to Rs 5,000 annually. Apart from this, tax rebate was increased on annual income up to Rs 5 lakh, due to which his tax liability was reduced to zero. Experts say that Finance Minister Nirmala Sitharaman can increase the standard deduction to Rs 75,000 annually. This will be for both the new and old regime of income tax. Apart from this, in the new income tax regime, taxpayers can also be given the facility of deduction on life insurance and health policies.

Special scheme for women

The government’s focus is expected to be on women before the Lok Sabha elections. Finance Minister Nirmala Sitharaman may announce a separate deposit scheme for women. This will be a tax-savings deposit scheme. In last year’s budget, the Finance Minister had announced a deposit scheme for women. Experts also say that a separate tax slab for women can be announced in the interim budget. Earlier there was a separate income tax slab for women. It was abolished by the UPA government about 12 years ago. The Modi government at the Center can again start a separate tax slab for women. Tax rates are also expected to remain low in this.

Ways to increase employment opportunities

In the interim budget, the Finance Minister is expected to focus on measures to increase employment. For this, the Finance Minister can increase the focus on skill development and also announce incentives for those sectors which have the potential to generate more employment opportunities. Some experts say that the scope of PLI scheme can be increased. At present 14 types of industries are included under it. Chemicals and services can also be included under this.

Encouragement to real estate sector

The Finance Minister’s focus may also be on measures to promote the real sector. The reason for this is that the growth of real estate increases the growth of the entire economy. Besides, this sector is also ahead in generating employment opportunities. Experts say that the Finance Minister may increase the allocation for MGNREGA. This scheme of employment in rural areas has been very beneficial during the Corona epidemic.

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News,17,Technology,1,Technology Conference,1,Tejasswi Prakash,1,Temperature Fluctuations,1,Temple Construction.,1,Temples,1,Tennis,1,Tensions,1,Theater Chaos,1,Thomas Kaber,1,Thoppur Ghat,1,Tiger 3,2,Tilak Nagar,1,timing,1,Timing of FIR,1,Tips,1,Top jewelers.,1,Toronto Police,1,Torrential Rain.,1,Tragedy,1,tragic incident.,1,transaction fees,1,Transparency,2,Transport Department,1,Trending,4,Trinamool Congress,2,Trump-Biden Rematch,1,tweet,1,UAE,1,Uber,1,Ujjain,1,Ukraine Defence Ministry,1,Unconventional Style,1,Union Budget 2024-25,1,Union Home Minister,1,University of Glasgow,1,Upcoming Projects.,1,Update,1,Upgrades,1,urban housing,1,Urfi Javed,1,US,1,US Concerns,1,US murder plot,1,US Presidential Polls 2024,1,US-Canada Border,1,US-India relations,1,US-India Visa,1,Use Cases,1,Uttar Pradesh,2,Vaastu Shanti,1,Varanasi,1,Varushka Khurrana,1,vehicle registration.,1,Vicky Jain,1,Vicky Kaushal,1,video footage,1,video viral,2,Viral Content,1,Viral Fashion Video,1,Viral Moment,1,Viral Moments.,1,Viral news,1,Viral Sensation,1,Viral Sexy Video,2,viral video,4,Virat Kohli,1,Virat Kohli and Gautam Gambhir,2,Visa Issue,1,Vistex CEO,1,Vivo V23,1,Vivo V30e,1,Vivo X Fold 3,1,Water crisis,1,wealth,2,Weather Forecast,1,Weather Impact,1,Weather Update,1,Wedding Anniversary,1,Wedding Bliss,1,Weight Loss,1,WiFi,1,Wildlife,1,Winter Break Extension,1,Wired Food Combinations,1,Women Empowerment,1,Women's Participation,1,World Diabetes Day,1,World News,2209,youth,1,Youth Inspiration.,1,youtuber,1,अजब गजब,81,खेल,6,जॉब अलर्ट,24,देश विदेश,217,मध्य प्रदेश,414,राजनीति,199,राशिफल,11,व्यापार,9,
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Finance Minister will focus on farmers, women and taxpayers in the election budget.
Finance Minister will focus on farmers, women and taxpayers in the election budget.
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