New Delhi:
Union Finance Minister Nirmala Sitharaman presented the country’s general budget (Budget 2025) in Parliament on Saturday. In this budget, the Finance Minister has given the biggest tax to the middle class by giving the biggest tax exemption so far, so there is a lot for all other classes in this budget. In such a situation, Lokjanta editor -in -chief Sanjay Puglia has described this budget as RRR i.e. reformist, Responsible (responsible) and Revolutionary (revolutionary). He said that in this budget, legal digestion has been reduced in tax, so the target of financial deficit has been kept low. At the same time, this budget is going to give strength to the middle class.
Understand the RRR budget in this way:
R-Reformist
This budget is very reformist in many ways. The biggest reason behind this is to reduce legal digestion in tax. Also, in this budget speech, the Finance Minister has proposed to increase the limit of direct foreign investment in the insurance sector from 74 percent to 100 percent. This limit will be applicable to those who invest fully premium in the country. This is being considered as a major reformist step of the government.
R-usponsible
The Central Government and Finance Minister have once displayed their commitment and a sense of responsibility in this budget. Sanjay Puglia said that the government is standing on the promise made by the government to reduce the financial deficit. The government has set the target to reduce the financial deficit from 4.8 percent to 4.4 percent next year.
At the same time, he said that the capital expenditure for growth in this budget has increased slightly, but it is not too much. This also tells the behavior pattern of the Finance Minister. She has been paying attention to this for years and the entire Modi government has been very serious about it.
‘Middle class only runs India’s growth engine ..’-Lokjanta editor-in-chief Sanjay Puglia on budget 2025#Budget2025 , #Budgetwithndtv , @Sanjaypugalia , @Gauried pic.twitter.com/ar68ryystu
– Lokjanta India (@ndtvindia) February 1, 2025
R-Revolutionary
This budget has brought a big gift for the middle class. Through this budget, Finance Minister Nirmala Sitharaman has given the biggest gift regarding income tax. If you earn up to 12 lakh rupees, now you will not have to pay any tax. The middle class was constantly demanding this. Sanjay Puglia said that the middle class is India’s growth engine. He said that when you give them strength, it has a huge impact.
Finance Minister Nirmala Sitharaman said that the government has brought money to the pockets of the people through changes in income tax rates in the budget, one crore people will not have to pay tax due to increasing tax exemption from seven lakh rupees to 12 lakhs.
This is the reason that this budget is being described as the most revolutionary in the history of the country i.e. revolutionary budget. With this budget, the middle class will get strength and they will be able to spend more money and they will be able to spend more.