There are a lot of expectations from the budget of the third term of the Narendra Modi government. In the budget, the government can give special benefits to the lower class and middle class people through its ambitious schemes. It is also expected that the limit of exemption in income tax will be increased and the slabs for employed people will also be changed.
There are also expectations that the amount of Kisan Samman Nidhi will be increased. This is the first budget of the NDA government amid the changed equations. The demands of the allies and their states can also become a challenge for the government. Assembly elections are coming in four states and the people of those states are also hopeful about the budget. There is pressure on the Modi government at the Center to put something in the bag of all sections. The government will have to make an effort to reach out to the voters politically. While presenting the budget, the government will try to convince the dissatisfied public and improve relations with allies. For this reason, Finance Minister Nirmala Sitharaman can make big announcements while presenting the budget in Parliament for the seventh time. Even before the budget, a meeting of experts from various fields, heads of organizations from various fields with the Finance Minister has been scheduled. Now the process of finalizing the budget is going on in full swing.
An important announcement may be made for Bihar and Andhra Pradesh
There may be important announcements for Bihar and Andhra Pradesh in the budget. Bihar has demanded money for setting up nine airports, four new metro lines, seven medical colleges and a thermal power plant worth Rs 200 billion. Bihar has demanded a separate package for repairing 20,000 km of roads. The issue of giving special state status to Bihar may also be raised. Andhra Pradesh has demanded metro projects in Vijayawada, Visakhapatnam and Amaravati. They have demanded setting up of steel plants in two backward districts.
Young voters and employment
The challenge for the BJP is that young voters are turning away from the party. Young voters in North India were considered BJP supporters. But due to lack of employment and schemes like Agniveer, young voters have become angry. The biggest challenge before the budget will be how to reach out to the youth.