Old pension, tax exemption, government jobs… which demands can be fulfilled in the budget?

The government is going to present the full budget of the country soon. Like every time, people have many expectations from this budget. While the employed want further reduction in tax rates, people also have expectations regarding government jobs and old pension scheme. In such a situation, let us know which demands can be fulfilled in this budget.

After the formation of Modi 3.0 government, the countdown for the full budget has started. Soon the government can present the full budget of the country. If sources are to be believed, the government can present the budget in the second half of July. Like every time, people have many expectations from this budget. In this, especially the employed want further reduction in tax rates, while people also have expectations regarding government jobs and old pension scheme. In such a situation, let us know which demands can be fulfilled in this budget.

Government can consider these issues

The government's goal is to continue development work by keeping inflation under control. According to sources, there may be an adjustment in the income tax slabs under the old system or an increase in the tax exemption limit for the new system. This may benefit people from different income groups. Apart from this, the government may also consider giving tax relief to specific groups, such as high spenders, through new tax brackets.

People made this demand

The government is busy preparing the budget. In this connection, in the meetings held with Finance Minister Nirmala Sitharaman, people from the Indian industry advocated taking concrete steps to reduce the burden of income tax on the common man, increase capital expenditure and control food inflation. Apart from this, people associated with the industry have demanded a Production Linked Incentive Scheme (PLI) from the government, which will make it easier to do business. CII has also made recommendations for agriculture and rural development.

The government may focus on these

According to the information, the Modi 3.0 government will move forward with a strategic focus on capital expenditure in the General Budget 2024-25, giving priority to investment in infrastructure, education and healthcare services. Formation of the 8th Pay Commission, increase in tax exemption for the salaried class and restoration of the old pension scheme were the main demands of the trade union leaders, which they placed before the Finance Minister during the pre-budget meeting.

Apart from this, they have demanded that all the existing vacant posts in various departments of the Central Government and PSU companies should be filled immediately and the culture of contract jobs and outsourcing should be stopped.