The Narendra Modi government is ready to present the Union Budget in parliament tomorrow. This will be the first full Budget of their third term, and many people have high hopes for it. The middle class is looking for tax cuts, while businesses want a simpler GST (Goods and Services Tax) system.
Recently, Prime Minister Modi asked Goddess Lakshmi—who symbolizes wealth—to bless the country’s poor and middle class. He expressed his desire for their betterment during a press conference outside parliament in New Delhi. This has led to many people speculating about potential tax relief for the middle class in the upcoming Budget. Social media is buzzing with memes, jokes, and posts about what might happen.
The Budget will be presented by Finance Minister Nirmala Sitharaman on February 1, Saturday. Reports suggest that she might lower personal income taxes and increase support for rural areas, especially as many people are delaying purchases due to falling incomes and rising prices.
Just a couple of days ago, President Droupadi Murmu addressed a joint meeting of both Houses of Parliament, officially starting this year’s Budget Session. Arriving in style—on a horse-drawn carriage—she emphasized the significance of the 75 years since our Constitution was adopted and honored key figures like Babasaheb Ambedkar.
Finance Minister Nirmala Sitharaman also presented the Economic Survey for 2024-25 in Parliament. People are eagerly waiting to see what changes and new policies will be proposed in the Budget.
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