Delhi NCR [India], July 25: Finance Minister Nirmala Sitharaman announced India's Union Budget for 2024-25, focusing on employment, skill development, support for MSMEs, and the middle class. This pivotal moment for India's fiscal policy outlined the government's financial roadmap, with all eyes on the strategies and allocations shaping the country's economic trajectory. Key highlights included targeted reforms, infrastructure investments, and measures to boost consumption and employment. Notably, the Finance Minister announced substantial adjustments to personal income tax rates for the fiscal year 2024-25, aimed at reducing the tax burden on the people, maintaining exemptions for incomes up to Rs. 3 lakh.
