Union Budget 2024: Five Things To Expect From FM Nirmala Sitharaman's Historic Budget Today
Union Finance Minister Nirmala Sitharaman will be presenting her 7th straight Budget at 11 am today. The Modi government has said that this budget will not only lay a roadmap for Viksit Bharat (developed India) by 2047. The government has continuously been facing taxpayers' ire for not granting much-needed tax reliefs. On the other hand, the middle class is hopeful of getting much-needed relief from inflation with food prices almost doubling in the last 10 years.
Ayushman Bharat
PM-Awas Yojana
National Pension System
The government has been facing the ire of not only opposition but also of the central government employees for adopting the National Pension System instead of the old pension scheme. Though the government may not revert to the OPS, it's likely to bring some changes to the NPS contribution system to ensure a minimum guaranteed pension.
Tax Rebate
Free Electricity, PM Kisan Yoajan
More Sops On Cards
The Narendra Modi government will make provisions for extending the PM-Garib Kalyan Anna Yojana for the next five years. It is likely to allocate funds for the establishment of more IITs, IIMs and AIIMS. The FM is likely to announce the inclusion of auto, taxi, truck and other drivers in social security schemes.