New Delhi:
These days, a Mahakumbh of faith is going on in Prayagraj, there is Triveni Sangam, a Mahakumbh was also seen in the budget, there is also a Triveni Sangam. The government’s fiscal deficit is less than estimated for this year and next year. The second major step of the government is to promote urban convention and support the middle class. The government has done this work by tax free of income of up to Rs 12 lakh. This will benefit the billion congestion. The class, which will benefit from this, has bread, cloth and house in advance. Therefore, he will now spend his money on health, education, entertainment and consumer durables.
Finance Minister Nirmala Sitharaman with budget speech.
What is the budget of the budget
The third thing was that private capes were playing on the backfoot, so it was expected that the government would take the lead on the capes between the central government, the state government and the public sector. He said that the total capex increases in this budget will be around 17 percent. In this, the Central share is about 10 percent, more than the public sector and the state will take advantage of government schemes and increase it. In this way, it is like Triveni to control fiscules deficit, increase the consumption and take the lead of the government on the capex.
#Ndtvexclusive “Triveni Sangam has also happened in this budget”: MD of Kotak Mahindra, Nilesh Shah#Budgetwithndtv , #Budget2024 , #Unionbudget , @jayakaushik123 , @anantbhatt37 pic.twitter.com/x4xn9h5ppz
– Lokjanta India (@ndtvindia) February 1, 2025
Where will the middle class spend the remaining money
I think the announcement that the government has made for the middle class will save some saving and some expenses will be done. What will be spent the media, it will be more on entertainment, tourism, travel and consumer durable, education and healthcare. It is that this expenditure will be in India only. Actually, when money comes to the rich, they send their children abroad to study, while the middle class teaches in India’s India itself. At the same time, rich go abroad to celebrate holidays while the middle class goes to Mahakumbh. When the middle class spends money in India, the demand will increase and capacity utilization will increase. This will increase investment and when investment increases, employment opportunities will be created.
Also read: This public is a budget of Jardan and the pockets of the people of the country: PM Modi