New Delhi9 minutes ago
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After the formation of the new government, Finance Minister Nirmala Sitharaman is going to present the budget in Parliament at 11 am. This is the 7th consecutive budget of the Finance Minister. This time, focus on women, youth and farmers can be seen in the budget. Middle class can also get tax relief.
Before the budget, we asked you 10 questions on Bhaskar App. About 1 lakh users gave their opinion on this. 86% said that this time there should be a change in the income tax slab. Whereas 45% of the users said that instead of giving discount on railway tickets to senior citizens, the government should improve the facilities. Result of Bhaskar Budget Poll…
Kisan Samman Nidhi can be 8 thousand, it is also possible to announce free treatment to people above 70 years of age.
1. Kisan Samman Nidhi: The amount may increase from Rs 6 thousand to Rs 8 thousand, more than 9 crore farmers will get the benefit.
2. Tax exemption on savings: Tax exemption under 80C may increase from Rs 1.5 lakh to Rs 3 lakh, benefiting more than 2 crore taxpayers.
3. Tax exemption on health insurance premium: Exemption under 80D may double, more than 2 crore taxpayers will benefit.
4. Atal Pension Scheme: It may increase from Rs 5 thousand to Rs 10 thousand.
5. Ayushman Bharat Scheme: Free treatment for people above 70 years of age, this will benefit 4 crore people.
Click on this link to read the news related to the announcements in detail…
live updates
9 minutes ago
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Fiscal deficit expected to be 4.5% or less of GDP by FY26
Finance Minister Nirmala Sitharaman had said in the interim budget presented in February that the fiscal deficit in the financial year 2024-25 is estimated to be 5.1%, which is 0.7% less than 2023-24. The Finance Minister had said in his budget speech that by the financial year 2025-26, the fiscal deficit will come down to 4.5% of GDP. This has also been said in the Economic Survey.
25 minutes ago
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GDP growth in fiscal year 2024 was 8.2%
On May 31, the government had released the provisional estimate of GDP for the entire year i.e., financial year 2024. GDP growth in FY24 was 8.2%. GDP growth in FY23 was 7%. A month ago, RBI had increased the GDP growth estimate for FY25 to 7.2%. RBI had maintained the inflation estimate for financial year 2024-25 at 4.5%.
53 minutes ago
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What is Economic Survey?
We live in a country where the number of middle class people is very high. A diary is made in most of our homes. Keep complete accounts in this diary. After the end of the year, when we look back, we find out how our house fared? Where did we spend? How much did you earn? How much did you save? Based on this, we then decide how we want to spend in the coming year. How much to save? How will our condition be?
Economic survey is just like the diary of our house. This shows what is the condition of our country’s economy? The Economic Survey contains the accounts of the past year and mentions suggestions, challenges and solutions for the coming year. The Economic Survey is presented a day before the Budget.
01:34 AM23 July 2024
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What changed in the budget after independence
04:25 PM22 July 2024
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Economic Survey- GDP growth expected to be 7% in FY25
The Economic Survey said that the government cut the prices of LPG, petrol and diesel. Due to this, retail fuel inflation remained low in FY24. At the same time, GDP growth for the financial year 2025 has been estimated at 6.5 to 7%.
The Economic Survey also states that about 78.5 lakh jobs need to be created annually to meet the needs of the growing workforce. The Finance Minister presented the Economic Survey in the Lok Sabha on Monday 22 July.
The Department of Economic Affairs of the Finance Ministry presents the Economic Survey in Parliament every year just before the Union Budget. It is presented in both the houses of the Parliament. The survey reviews the developments in the Indian economy in the last 12 months.
