Finance Minister Nirmala Sitharaman presented the budget on Saturday, with a key highlight being tax relief for the salaried class.
The tax exemption limit was raised from Rs 7 lakh to Rs 12 lakh, benefiting many. However, capital gains tax remains, with a flat tax applied regardless of income slab.
Agriculture and MSMEs received a boost, along with support for startups. Bihar was granted aid for airports and a dedicated board for makhana production.
The railway sector saw increased allocations for new trains, double tracking, safety measures, and infrastructure upgrades.
The budget promotes growth with simplified industrial processes and a five-year tax relief for new businesses. More disposable income is expected for the common man, aiding spending and consumption.
However, its success depends on inflation. If fuel and essential commodity prices rise, real benefits may be limited. Stability in inflation is crucial for the budget’s intended impact.
