New Delhi:
Finance Minister Nirmala Sitaraman presented the General Budget in the Lok Sabha on Saturday. In this, he has announced many reforms. The biggest announcement is to increase the income tax limit. He has said that there will be no tax on income of 12 lakh annually in the new tax system. Along with this, he has also announced to start PM Dhan Dhanya Yojana for farmers. People have welcomed these announcements of the government. This first full budget of PM Narendra Modi’s third government is a revolutionary budget.
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Why revolutionary told the budget
The government has taken many important steps through this budget for the development of India. The government has taken a revolutionary step by increasing the scope of income tax. This will increase people a huge increase in purchasing power. After this decision, people will be able to spend more openly. I also never guessed that income up to Rs 12 lakh would be tax free. After this, what will be taxed is not too much. The government has accepted a loss of one lakh crore rupees to benefit the people. This is a revolutionary step. The thing to see is that even after this, there is no increase in the fistical deficit. It is expected to remain 4.5 percent. In this way, the blueprint that the government has drawn, shows that the burden of debt on GDP is also in the direction of landing.
Finance Minister Nirmala Sitharaman presenting the budget of FY 2025-26 in Lok Sabha on Saturday.
Budget promoting development
This will have a positive effect on budget development in four ways. Increasing the income tax limit will affect people’s consumption. Investment ratio has to be increased to increase growth. For this, the government has made many announcements. The government has announced how capital investment will be in the agriculture sector. The government has announced to increase self -sufficiency in pulses. The government has made several announcements for MSME and urban areas. All these announcements are going to speed up development. If we look at all these, the government will not face any problem in achieving the growth rate of 6.3-6.8 percent in the economic survey.
The Finance Minister has announced measures to increase employment in his budget speech. He has emphasized on increasing the skills of youth and development of education. The government has laid the emphasis on investing in the fields of education, health and tourism. Tourism contributes a lot in employment manufacturing, the Finance Minister has also mentioned it in his budget speech. If we look at all these things in a holistic way, then from the perspective of employment, it is also a revolutionary budget.

In the budget speech, the Finance Minister has announced the launch of the National Manufacturing Mission.
Will India be able to become a manufacturing hub
The government has announced the National Manufacturing Mission. This will fulfill the dream of developed India. Earlier it was said that India would have a soft power with the service sector and China has become a manufacturing hub. But now the government has decided that we will continue to increase the service sector but at the same time we will start making India a power house of manufacturing. This will prove to be an important step towards creating a manufacturing hub.
How much PM Modi thinks of Donald Trump
Donald Trump talks about America First and now we are talking about India First. What Trump is talking about today, PM Narendra Modi had thought long ago. PM Modi had talked about self -reliant India a few years ago, after which many types of talks were done internationally, India was criticized, but today the same people are talking about make America Great Again. PM Modi had said the same thing as self -sufficient India long ago. Self -reliant India can make a big contribution to developed India. This budget is a very positive step taken in this direction.
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