Finance Minister Nirmala Sitharaman is set to present the interim budget shortly. With upcoming elections, expectations are high for populist promises. The actual financial state will be revealed at 11 AM during the budget presentation.
Anticipated announcements include significant measures for women, reflecting the government’s emphasis on women’s empowerment. Speculation suggests potential gifts for women entrepreneurs and announcements benefiting women laborers. There may also be an expansion of schemes like PM Mudra Yojana.
Can give tax exemption to employed people
The government might consider granting tax exemptions to employed individuals. In the previous budget, Finance Minister Piyush Goyal had announced full tax exemption for those with an income of Rs 5 lakh. Additionally, there is speculation about increasing the amount of Samman Nidhi provided to farmers to Rs 8,000. Overall, the interim budget, aimed at managing government expenses, is also expected to heighten public expectations.
Farmers are anticipating an increase in the Samman Nidhi amount
In the previous budget, Piyush Goyal bestowed a significant gift upon those working in the unorganized sector. The government announced a pension of up to Rs 3000 under the PM Shram Yogi Maandhan Yojana. Furthermore, the budget for MNREGA saw a substantial increase from Rs 5 thousand crore to Rs 60 thousand crore.
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