Union Budget 2024-25: Union Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25, focusing on employment, skilling, MSMEs, and middle-class welfare. Key initiatives include incentives for first-time employees, reduced customs duties on mobile phones and precious metals, and significant tax reforms. The budget aims to enhance infrastructure, energy security, and urban development while supporting agriculture, manufacturing, and innovation. Social welfare programs for women, youth, and tribal communities are also prioritized. The fiscal deficit target is set at 4.9% of GDP, with plans to reduce it further next year.
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