The central government is going to present the budget next month. At that time, Union Finance Minister Nirmala Sitharaman is holding continuous meetings. This budget is expected to provide great relief to the common man, usually before every budget, the people of the country are waiting in the hope of getting something or the other from the government. When the Finance Minister presented the interim budget in February, he presented the details of expenditure and income before the formation of the new government. Every 5 years when the Lok Sabha elections are held, the full budget is presented after the formation of the new government. Its preparations have already started.
Experts recommend giving relief to the middle class
Union Finance Minister Nirmala Sitharaman today chaired the first pre-budget meeting with the country's top economists in New Delhi regarding the upcoming General Budget 2024-25. In the budget, experts have recommended the Finance Minister to give relief to the middle class. Along with this, direct tax concessions have also been discussed. Let us tell you that the first full budget of the third term of the Modi government can be presented in July.
Startup industries hope for a booster dose
With Modi 3.0 in the making, the startup industry is hoping for a booster dose. Prime Minister Modi's Startup India dream now wants to scale new heights. A senior official has told about the budget that the Ministry of Commerce and Industry may seek more funds for startups from the new government in the next budget to promote innovation in the country.
Startups are capable of providing more employment
The Seed Fund Scheme announced in April 2021 with a fund of Rs 945 crore will end in 2025. In such a situation, the ministry can consider the proposal of a new scheme. This sector is creating a record number of jobs in the country. A report by the World Economic Forum released in January 2024 states that Indian tech startups are capable of directly employing more than 10.34 lakh people in 2023. It also said that this number is expected to increase in the coming years. This means that the startup industry is going to grow rapidly in the future.