The Union Budget 2024-25, presented by the Union Minister of Finance and Corporate Affairs, focuses on various sectors with an emphasis on employment, skilling, MSMEs, and the middle class. The budget is divided into two parts: Part A, which outlines the economic overview and expenditures, and Part B, which details tax proposals.
Part A: Key Priorities and Allocations
Budget Theme:
Part B: Tax Proposals
Part B of the Budget will detail the government’s tax proposals for the next financial year, focusing on reforms and changes to taxation policies.
Note: The specifics of the tax proposals will be provided in the detailed budget documents, which outline the adjustments to direct and indirect taxes, tax reliefs, and new tax regulations.
Priority 1: Productivity and Resilience in Agriculture
Priority 2: Employment & Skilling
Scheme Details:
Measures for Women Employment:
Other Initiatives:
Priority 3: Inclusive Human Resource Development and Social Justice
Objective: To uplift marginalized communities and promote balanced regional development as India progresses towards becoming a developed nation by 2047.
Key Initiatives:
Priority 4: Manufacturing & Services
Objective: Special focus on MSMEs and manufacturing, particularly labor-intensive sectors, to boost growth and global competitiveness.
Key Initiatives:
These priorities reflect a comprehensive approach to regional development, economic growth, and social justice, aiming to bolster India's journey towards becoming a developed nation.
Priority 5: Urban Development
Objective: To enhance urban infrastructure and housing, improving the quality of life in cities.
Key Initiatives:
Priority 6: Energy Security
Objective: To ensure sustainable energy transition and enhance energy security.
Key Initiatives:
Priority 7: Infrastructure
Objective: To bolster infrastructure investments and projects that drive economic growth.
Key Initiatives:
Priority 8: Innovation, Research & Development
Objective: To promote research, development, and innovation across various sectors.
Key Initiatives:
Priority 9: Next Generation Reforms
Objective: To lay down frameworks and reform processes for sustainable economic growth and efficient governance.
Key Initiatives:
Budget Estimates 2024-25
These priorities reflect a comprehensive approach to addressing urban development, energy security, infrastructure, innovation, and next-generation reforms to drive India's sustainable growth and development.
Part B: Tax Reforms and Proposals in the Budget 2024-25
Direct Taxes
Objective: To simplify and rationalize the tax system, reduce litigation, and broaden the tax base.
Key Initiatives:
Revenue Implications:
The budget emphasizes a balanced approach to simplifying tax structures while expanding the tax base and fostering a conducive environment for growth and investment.
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We provide offline, online and recorded lectures in the same amount.
Every aspirant is unique and the mentoring is customised according to the strengths and weaknesses of the aspirant.
In every Lecture. Director Sir will provide conceptual understanding with around 800 Mindmaps.
We provide you the best and Comprehensive content which comes directly or indirectly in UPSC Exam.