The General Budget 2025 is a universal and visionary budget. It is also omnipresent and omnipotent in many sense. Especially through the latest budget proposals, the heavy tax relief that has been provided to the middle class and the income tax exemption limit has been increased to Rs 12 lakh, the economy is strong to get strengthened from different angles. Overall, this is the budget of the common man, which provides economic strength to the poor, youth, Annadata farmers and women power.
Truth is to be told, this general budget is a blueprint for the foresight of the Modi government in the direction of building a superior India in every region, in which farmers, poor as well as middle class have been noticed. At the same time, education of women and children, their nutrition and health have also been focused. In this budget, every sector of startup, innovation and investment, ie every sector of economy is included. Thus, this budget is the widespread roadmap of the self -reliant India of the Modi government.
According to Prime Minister Narendra Modi, this budget is an important milestone in India’s development journey, which is the budget of the aspirations of 140 crore Indians. This is a budget to fulfill the dreams of every Indian. Through this, he has opened many areas for the youth. Due to which the common citizen is going to carry forward the mission of developed India. This budget is a force multiplier, which will rapidly increase savings, investment, consumption and development.
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Usually the focus of the budget is on how the government treasury will be filled, but this budget is exactly the opposite. How will this budget fill the pockets of the citizens of the country, how will the savings of the citizens of the country increase and how will the citizens of the country become partners …. Many important steps have been taken to improve this budget. In particular, this budget will ensure a major contribution of civil nuclear energy in the development of the country.
Although all areas of employment have been given priority in every way in the budget, yet I consider it appropriate to discuss those reforms which are going to bring big changes in the coming time. Especially infrastructure status will promote the construction of large ships in India. We all know that ship building construction is the most employed area. At the same time, there is a lot of potential for tourism development in the country. Therefore, for the first time, hotels will be brought under the purview of infrastructure and hotels will be built at 50 important tourist destinations. This will provide energy to the hospitality sector, which is a very large area of employment.
At the same time, ‘Gyan Bharat Mission’ has been started for the conservation of one crore manuscripts in this budget. Under this, a national digital repository inspired by the Indian knowledge tradition will be created, that is, technology will be used in full. At the same time, the announcement made for farmers in this budget will form the basis of a new revolution in the agricultural sector and the entire rural economy. The limit of ‘Kisan Credit Card’ will be increased to Rs 5 lakh, which will help them further.
Let us know that Union Finance Minister Nirmala Sitharaman presented the budget in Parliament on 1 February 2025, day Saturday for FY 2025-26, which was his 8th consecutive budget. This budget remained in accordance with the economic survey. Because giving relief to the middle class, he announced to keep income up to Rs 12 lakh per annum from the purview of income tax under the New Tax Regime. This will benefit crores of people of the employed class.
At the same time, he insisted on strengthening the farmers and women financially and said that the country is moving at a fast pace. We are the world’s fast growing economy. We have special attention on health and employment. Giving employment to the youth is the priority of the government. The proposed development measures in this budget are in 10 broad areas, focusing on poor, youth, farmers and women.
The Union Finance Minister also said that our economy is growing fastest among all major economies. Our development track records and structural reforms of the last 10 years have attracted attention from the world. During this time, trust in India’s capacity has increased. In this episode, Makhana Board will now be formed in Bihar. The Makhana Board will be established to improve the production, processing, price promotion and marketing of Makhana. People engaged in this work will be organized as FPO.
The Finance Minister said, the loan guarantee fee for startups will reduce the fee. The loan for MSME has been increased from 5 crores to 10 crore. The limit of Kisan Credit Card has been from 3 lakh to 5 lakhs. A loan of up to five lakhs will now be given for dairy and fisheries. This focuses on this year’s budget Make in India, supporting MSME, enabling employment -based development, investing in people’s economy and innovation, securing energy supply. This budget provides a general road map for the revenue and expenditure strategy of the government. The budget 2025 focuses on youth, women and farmers.
The Finance Minister mentions that this budget continues government efforts- to accelerate development, for safe inclusive development, to promote private sector investment, to raise domestic sentiments, to raise domestic sentiments, India’s growing moderate To increase square spending power. Among the topics on which the focus on the general budget is to carry forward Make in India, to enable MSME to support employment based development.
At the same time, people’s economy and innovation include investing, securing energy supply and supporting exports. In this budget, the innovation of innovation and the PM Blessed Dhan Yojana have been announced. At the same time, the limit of startup was increased from 10 crores to 20 crores. The announcement of creating 5 new nuclear reactors in this budget is a revolutionary step. At the same time, everyone will benefit from 10% to 12.5% tax on the scheme for home stay in the Mudra scheme, long-term capital gains on all financial and non-financial assets.
At the same time, the exemption limit on capital gains on some financial assets was increased to ₹ 1.25 lakh per year. Whereas the short -term capital gains tax on some financial assets was increased from 15% to 20%. At the same time, securities transactions on futures and options were increased. In addition, a plan was announced to provide internship opportunities in 500 top companies to one crore youth in five years. Which everyone is appreciating.
In this budget, every trainee will be introduced to the real -life business environment for 12 months and they will get an allowance of ₹ 5,000 and a lump sum of ₹ 6,000. At the same time, affordable housing for workers, women and lower income groups, ie the government, has announced several schemes to ensure the roof on the heads of the people. At the same time, for industrial workers, feasibility inter-fund and commitment of major industries with public-private participation will be provided with hostel accommodation with hostel accommodation.
To ensure the participation of more women in the workforce, hostels of working women will be established in collaboration with industry. The government will start the Export Assistance Mission with regional and ministerial goals. The Mission will be jointly operated by the Ministry of Commerce, MSME and Finance. Export aid mission will facilitate export loans to deal with non-tariff measures in foreign markets, border-cross factoring support and easy access to support to MSME.
Overall, while the leaders of the BJP and its allies are praising this budget and calling it public welfare, the leaders of the opposition are criticizing it. Congress leader Jairam Ramesh lashed out at the budget and said that, the Finance Minister spoke about 4 engines. They are Agriculture, MSME, investment and export. These are so many engines that the budget has completely derailed. He further said, ‘It seems that Bihar has got the treasure of announcements in the budget. This is natural because elections are to be held at the end of the year. But why was the second pillar of NDA i.e. Andhra Pradesh so ruthlessly ignored? ‘
At the same time, Karti Chidambaram, son of Congress MP and former Finance Minister P. Chidambaram, said, ‘We need to see that the promises that were made in the earlier budget were fulfilled? The budget needs to be read to get a clear picture. The announcements made about Bihar were natural. This is politics.
Whereas Congress MP Manish Tiwari said, ‘I do not understand whether it was the budget of the Government of India or the Bihar government? Have you heard the name of any other state other than Bihar in the entire budget speech of the Union Finance Minister?
On the other hand, Shiromani Akali Dal MP Harsimrat Kaur Badal said, ‘Look at the names of the states- Bihar, where elections are going to be held. Only Bihar, Bihar, Bihar. There was no mention of Punjab. Farmers have been in protest for the last 4 years to demand a legal guarantee for the MSP. What he announced for the farmers, this was the anti -farmer budget, the farmers who are fighting for their rights, they were not heard, it is sad.
While RJD leader and former Deputy Chief Minister of Bihar Tejashwi Yadav said that this budget is a copy of the previous budget. There is a village and anti -poor budget. Bihar has neither received anything nor does the Modi government of the Center want to give anything to Bihar. On the pretext of the budget, Tejashwi once again raised the issue of special package. He questioned where the money of Bihar’s special package went? Tejashwi said, ‘Chandrababu Naidu went with a package of 2 lakh crore and Nitish Kumar could not get anything to Bihar. Nitish is in unconscious state.
At the same time, Bahujan Samaj Party supremo Mayawati said on the Union Budget, ‘There is a tremendous hit of inflation, poverty, unemployment in the country. Along with this, there is a lack of essential basic facilities of roads, water, education, happiness and peace etc. Due to this, the lives of people in India with a huge population of about 140 crores are quite stricken, which is also required to be prevented through the Union Budget. But the budget of the present BJP government also seems to be more of political selfishness and less of public interest. If this is not the case, then why the lives of people in this government are constantly tight, bad and unhappy? It is also important to have a dream of developed India for the interests of Bahujans.
At the same time, Samajwadi Party chief Akhilesh Yadav said, ‘Not the budget … but the figures of those who died in Mahakumbh are more important. Why should we accept any data, people who cannot give the figures of those who die. ‘ At the same time, Aam Aadmi Party national convenor and former Delhi Chief Minister Arvind Kejriwal said, ‘A large part of the country’s treasury goes to waive the debt of a few rich billionaires. I had demanded that it should be announced in the budget that no billionaire loans would be waived from further. The money to avoid this should be exempted from middle class home loan and vehicle loan; Farmers’s debts should be forgiven. Income tax and GST tax rates should be halved. I am sad that this was not done. ‘
– Kamlesh Pandey
Senior journalist and political analyst
