Highlights of Union Budget 2024- 2025

1. Highlights of Union Budget 2024- 2025 Focus on fiscal consolidation: The government is likely to prioritize reducing the fiscal deficit, which is the difference between its income and expenditure. This could involve measures like increasing tax revenue, controlling expenditure, and privatizing some state-owned assets. Boosting infrastructure spending: The government may allocate more funds for infrastructure development, such as roads, railways, and bridges. This could help to create jobs and improve overall economic growth. Support for agriculture and rural development: The government may continue to provide subsidies and other forms of support to farmers and rural communities. This could help to improve agricultural productivity and raise rural incomes. Social welfare schemes: The government may increase spending on social welfare schemes, such as education, healthcare, and pensions. This could help to improve the lives of the poor and vulnerable.

2. Tax reforms: The government may introduce some changes to the tax system, such as simplifying the tax code or reducing tax rates. This could make it easier for businesses and individuals to comply with tax laws and boost economic activity. Green initiatives: The government may allocate more funds for renewable energy projects and other green initiatives. This could help to address climate change and reduce India's dependence on fossil fuels. These are just some of the possible highlights of the Union Budget 2024-2025. It's important to remember that these are just predictions, and the actual budget may be quite different. I'll be sure to keep an eye on the news and update you as soon as the budget is presented on February 1st. In the meantime, you can find more information about the Union Budget on the official website of the Ministry of Finance: https://www.indiabudget.gov.in/