Find out about the best announcements made by Union Finance Minister Nirmala Sitharaman here.
- New machines will be used to dispose of human waste in all cities.
- 10,000 crore has been earmarked for urban development projects.
- An allocation of Rs 2.4 lakh crore for the development of the railway sector, and an allocation of Rs 79,000 crore for new rail projects.
- Notice to raise tax on cigarettes and other tobacco products up to 16%.
- 50 new domestic airports will be created.
- Mahila Samman Saving scheme is launched for women. The project will last for two years till March 2025. A maximum of Rs. The scheme offers 7 percent interest rate on a deposit of Rs 2 lakh.
- Steps will be taken to reduce the loan interest of small and micro entrepreneurs to 1 percent.
- More attention will be given to the development of border villages in the country.
- Exemption ceiling per annum is Rs. 7 lakhs increase.
- Changes have been made to personal income taxes.
- No tax for buyers between Rs 0 and Rs 3 lakh
- For buyers between Rs 3 – 6 lakh – 5%
- For buyers between Rs 6 – 9 lakh – 10%
- For buyers between Rs 9-12 lakh – 15%
- For buyers between Rs 12 – 15 lakh – 20%
- For buyers above Rs 15 lakh – 30%
- Increase in customs duty budget on gold, silver and diamond jewellery.
- Import duty reduction on mobile, camera and TV spare parts, mobile spare parts. It is expected that the prices of these products may decrease due to this.
- Rs.10,000 crore relief will be given to sugarcane farmers.
- An additional fund of Rs 9000 crore has been earmarked for lending to small and medium enterprises.
- A new education policy with a focus on youth development. Also allocation of Rs.10000 crore for youth skill development projects.
- The savings limit for senior citizens has been raised from 15 lakhs to 30 lakhs.
- As India is the 2nd largest exporter of millets, steps will be taken to further increase the production of small grains.
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