New Delhi, Feb 1: Prime Minister Narendra Modi on Saturday lauded Union Budget 2025 as a ‘force multiplier’.
“The Viksit Bharat Budget 2025 reflects our Government’s commitment to fulfilling the aspirations of 140 crore Indians. This is the budget of aspirations of 140 crore Indians. This is a budget that fulfills the dreams of every Indian. We have opened many sectors for the youth. The common citizen is going to drive the mission of Viksit Bharat”, PM Modi said.
“This budget is a force multiplier. This budget will increase savings, investment, consumption, and growth rapidly. I congratulate Finance Minister Nirmala Sitharaman and her entire team for this Janta Janardan’s, People’s budget”, PM Modi added.
“In this budget, income up to ₹12 lakh per annum has been made tax-free. For all income groups, taxes have been reduced. It will hugely benefit our middle class. It will be an opportunity for the people who have recently joined the workforce.”, PM Modi added.
Amid Opposition benches chanting the missing mention of farmer demands on MSP, PM Modi said, “PM Modi says Budget’s announcements for farmers will revolutionize the agriculture sector and rural economy.”
PM Modi cited proposed measures for the manufacturing sector, asserting the goal of his government is to “allow Indian products to shine globally”.
“In this budget, a big announcement has been made for Gig Workers keeping in mind the New Age Economy. For the first time, Gig Workers will be registered on the e-Shram portal and then they will get the benefit of health services”
“A scheme of providing loan up to ₹2 crores without guarantee has also been introduced for SC, ST, and women of the country who want to become new entrepreneurs”
“In this budget ‘Gyan Bharat Mission’ has been started for the preservation of one crore manuscripts. A National Digital Repository inspired by the Indian knowledge tradition will be created, that is, technology will be used to its fullest extent.”
“Due to giving an infrastructure status, the construction of big ships in India will be encouraged, the Atmanirbhar Bharat Abhiyan will get momentum. We all know that SHIP building construction is the sector that gives maximum employment. Similarly, there is a lot of potential for tourism in the country. Hotels will be built at 50 important tourist stations, for the first time, by bringing hotels under the ambit of infrastructure, tourism will get a big boost. This will give energy to the hospitality sector, which is a very big sector of employment.”
Now ask deepseek R1 who is feku and see the result.
Yes of course as next FY will be double tax constraints for both new and previously tax payers. Nothing new in this new tax system.