Anand Dubey has expressed hope that Budget 2025 will benefit the poor and farmers
Mumbai: Anand Dubey, a spokesman for the Shiv Sena (UBT), has said that he hopes the 2025 budget will help farmers and the impoverished.
“Over the past ten years, the cost of basic amenities has been rising,” Dubey told ANI. Eighty crore people are still waiting in line for free meals today. Farmers should get perks and taxes should be lowered. Nobody is discussing jobs. For the last ten years, the government has been manipulating people’s emotions. We hope that farmers and the impoverished will gain from the budget.
In order to meet the expectations of taxpayers, companies, and important sectors, the Union Budget 2025–2026 is scheduled to be unveiled on Saturday. It aims to achieve a balance between budgetary conservatism and economic development.
Measures that stimulate demand, encourage capital investment, and assist vital industries like real estate, MSMEs, healthcare, artificial intelligence (AI), electric vehicles (EVs), and renewable energy are what industry leaders and experts are looking for. Additionally, one of the primary expectations is still that fiscal consolidation would continue.
Tax reduction for both people and corporations is one of the budget’s most anticipated features. In anticipation of higher exemption limits and standard deductions under the new tax system, taxpayers anticipate adjustments to tax slabs. Making yearly income up to Rs 10 lakh tax-free is in demand.
The standard deduction limit, which was set at Rs 50,000 under the previous tax system and Rs 75,000 under the current one, is another boost that taxpayers anticipate.
Companies anticipate a budget that is both growth-oriented and fiscally responsible. According to an FICCI poll, 68% of companies support increasing capital expenditure allocation by at least 15% in order to support economic development.
With a goal of 4.5% in FY26, the government is anticipated to stick to its fiscal consolidation plan, reducing the budget deficit from 4.9% in FY25 to 4.8%.
