Social Justice: The budget prioritizes social justice, with a focus on the welfare of farmers, women’s empowerment, and social inclusion.
Agriculture: The budget aims to boost agriculture through measures such as:
– High-yielding climate-resilient crop varieties
– Natural farming practices
– Digital Public Infrastructure (DPI) in agriculture
– Survey of 400 districts to promote agriculture
Employment and Skilling: The budget focuses on employment and skilling through:
– Package of PM’s five schemes
– Skill development programs
– Incentives for job creation in manufacturing
– Internship opportunities in top companies
Infrastructure: The budget allocates funds for infrastructure development, including:
– Industrial parks in 100 cities
– Transit-oriented development
– Urban housing
– Irrigation and flood mitigation projects
Energy Security: The budget prioritizes energy security through:
– Energy transition
– Pumped storage policy
– Research and development of small and modular nuclear reactors
– Roadmap for ‘hard to abate’ industries
Taxation: The budget revises tax rates and slabs, including:
– Reduction in custom duties for certain products
– Increase in Securities Transaction Tax (STT) on F&O transactions
– Rationalization of capital gains tax
– Simplification of tax-payer services
Fiscal Deficit: The budget projects a fiscal deficit of 4.9% for FY25, with a commitment to reduce it below 4.5% in the next year.
