Decisions on change in the new tax regime in budget

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Decisions on change in the new tax regime in budget

Wednesday, 24 July 2024 | Staff Reporter | BHOPAL

Chief Minister Mohan Yadav has said that under the leadership of Prime Minister Narendra Modi, the Union Budget 2024-25 is dedicated to the goal of Vikasit Bharat. The budget reflects the spirit of a resplendent India and control of the inflation rate.

Chief Minister Yadav said that the entire budget focuses on agricultural productivity, employment, skill training, economic development, inclusive human resource development, and social justice. Under the leadership of Prime Minister Shri Modi, India will establish a new identity in the world. This budget will also allow Madhya Pradesh to move step by step on the path of development. The possibility of a Vikasit Madhya Pradesh lies only in a Vikasit Bharat.

Chief Minister Yadav said that I want to congratulate Union Finance Minister Nirmala Sitharaman, through whom the feeling of controlling the inflation rate is reflected. The Indian economy has brightened and the inflation rate has been stable. This budget lays a strong foundation for future growth.

Yadav said that this budget is focused on the welfare and upliftment of all sections including farmers, women, poor and youth. In the new tax regime, the decisions to increase the standard deduction from Rs 50 thousand to Rs 75 thousand, the limit of Mudra loan from Rs 10 lakh to Rs 20 lakh, and a package of Rs 2 lakh crore for the skill development of 30 lakh youth are historic.

This budget is going to fulfill the expectations and aspirations of every Indian by becoming the basis for achieving the goal of Vikasit Bharat. Chief Minister Yadav expressed gratitude on behalf of the people of the state to Prime Minister Modi and Finance Minister Nirmala Sitharaman for this historic budget. Chief Minister Yadav said this in a message issued to the media.

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