Modi Gov 3.0 First full budget : Union Finance Minister Nirmala Sitharaman is going to present the budget for the third time today. This is the first full budget of Modi Government 3.0. There are a lot of expectations from this budget from the middle class to the upper class. Recently, during the President's address, there were indications that the next budget of the Modi government will lay a strong foundation for the future. President Murmu had said in her speech that the government's budget will be an effective document of far-reaching policies and the future. It is being speculated that this budget has been prepared keeping in mind the Modi government's Mission 2047. This budget will give the nation a roadmap for 2047. Through this budget, the Modi government at the Center will also prepare a framework for a 5 trillion dollar economy.
Modi Gov 3.0 First full budget: PM Modi had met economists
Recently, PM Modi met top economists at NITI Aayog. It is believed that PM Modi had discussed with economists to make this budget special. It is being told that PM Modi discussed with economists about making the country the third largest economy. During this, economists suggested PM Modi to focus on employment, manufacturing and rural economy. This is the reason why it is expected that the government can focus on the sectors of employment of youth, farmers and manufacturing in today's budget.
The money for Prime Minister's housing may increase!
Prime Minister Modi had recently said during the motion of thanks on the President's address that the government is going to increase the number of PM houses in the country. It is expected that in this budget the government may announce an increase in the PM Housing Fund.
There may be an announcement to increase the amount of Rs 6 thousand given to farmers every year to Rs 12 thousand.
To provide relief to the middle class, some changes are expected in the tax slab. It is expected that by changing the income tax slab, it can be increased from Rs 3 lakh to Rs 5 lakh.
Suggestions sought from all ministries before the budget
Before presenting the first full budget of the Modi government, the Finance Ministry had sought suggestions from all ministries regarding the budget. The Finance Ministry sought suggestions from every department so that attention can be given to every sector in the budget. In the recent Lok Sabha elections, BJP has suffered a major setback in rural areas. BJP's seats in rural areas have decreased and now next year assembly elections are to be held in Uttar Pradesh, an important state for BJP. So it is believed that BJP will focus on farmers and rural areas to improve its position. This can reflect in the budget.