Measures aimed at fixing the woes of unemployed youth, small businesses, and the middle class
To strengthen the ruling NDA coalition’s bonds with support for multiple investment projects in Bihar and Andhra Pradesh
Proposed income tax rate cuts worth up to ₹17,500 a year, putting an extra ₹1,458 a month in the hands of these taxpayers
Hiked standard deductions for salaried taxpayers and pensioners by ₹25,000 and ₹10,000, respectively
₹2 lakh crore over five years on five schemes which are part of “the Prime Minister’s package”, aimed at spurring jobs and imparting skills to 4.1 crore youth
overarching theme of Budget was ‘EMPLOYMENT’
Used as an acronym, the theme was spelt out — Employment and Education; Micro, Small and Medium Enterprises (MSMEs); Productivity; Land; Opportunities; Youth; Middle Class; Energy Security; New Generation Reforms; and Technology.
Provided some indirect support to private investments by accelerating the fiscal consolidation process, armed with a ₹2.1 lakh crore surprise dividend from the central bank
The fiscal deficit target for this year has been pegged at 4.9% of GDP
5.1% projected in the Interim Budget, and the 5.6% of GDP achieved last year
One year internships in 500 top companies to one crore youth over five years
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