Budget 2025 may ease taxes and address AI’s job impact.

With Budget 2025 just a week away, preparations are in full swing as Finance Minister Nirmala Sitharaman gets ready to present the financial plans. Sources told News18 that individuals earning between ₹10-15 lakh per year may receive tax benefits.

Budget 2025: Focus on MSMEs, Infrastructure, and AI-Impacted Workers

Additionally, the Budget will prioritize MSMEs and infrastructure development to boost employment. Support measures are also expected for workers impacted by the growing use of AI.

Middle-Class Tax Relief: Government sources indicate that individuals earning ₹10-15 lakh annually may receive significant tax benefits. This move aims to boost spending power and drive economic growth.

Boost for Infrastructure & MSMEs: will prioritize infrastructure growth, with incentives and tax relief for sectors like hospitality, manufacturing, and possibly real estate. Government sources indicate increased investments in railways, roads, urban development, and power. Additionally, MSMEs will receive special attention as a key focus area..

AI Impact & Support: The Budget will address concerns over AI-driven job losses while acknowledging its growing role. To help Indian companies stay competitive globally, the government plans to introduce sector-specific benefits.

Also Read:जलगांव रेल हादसा: अफवाह से मची भगदड़, 13 की मौत

Growth Comparison: UPA vs. Present: Government sources highlight the difference in growth, noting that rural per capita monthly spending rose from ₹1,430 in 2011-12 to ₹4,122 in 2023-24, while urban spending increased from ₹2,630 to ₹6,996. Budget 2025 aims to sustain this momentum.

Halwa Ceremony & Budget Preparations: Sitharaman will kick off the final Budget 2025 preparations with the traditional halwa ceremony on Friday. The previous event sparked controversy after Rahul Gandhi criticized the lack of SC, ST, and OBC representation. In response, Sitharaman emphasized the ceremony’s cultural and historical significance, which also marks the start of the finance ministry’s quarantine period for preparations.

This time, many hope, the budget, which will be presented just ahead of the crucial Delhi polls, will be as sweet as the halwa.

Also Read:Tribunal Lifts WhatsApp Data-Sharing Ban, Major Relief for Meta