PM Modi addressed the media at the beginning of the Budget session today. Union Budget 2025 will be presented by FM Nirmala Sitharaman on February 1, 2025.
Interestingly, PM invoked Goddess Lakshmi for the poor and middle class in his address. "I pray that Goddess Lakshmi showers the poor, middle class with blessings. It is a matter of great pride that India completed 75 years as a democratic nation. India has established itself well on the global pedestal...This is the first complete budget of my third term. I can confidently say that in 2047, when India will complete 100 years of Independence, India will fulfil its aim of Viksit Bharat and this budget will give new energy and hope to the nation,” PM Modi said.
“Innovation, inclusion, investment basis of our roadmap for economic activities…I can say with confidence this Budget session will infuse new confidence, energy in attaining our goal of 'Viksit Bharat’,” PM Modi said.
PM Modi’s mention of middle class in the context of Budget session and a day before the Union Budget speech has left everyone wondering if Budget 2025 will give income tax relief to the common man.
Every year salaried taxpayers look forward to Budget for a reduction in income tax rates, revision of income tax rates and other measures to reduce the tax burden. Tax experts and economists have been demanding further rationalisation of income tax slabs under the new income tax regime and increase in standard deduction to give more disposable income to the middle class.
