PM Modi Hails Budget's 'Viksit Bharat' Push, Focus on New-Age Sectors
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News18•01-02-2026, 09:27
PM Modi Hails Budget's 'Viksit Bharat' Push, Focus on New-Age Sectors
- •Finance Minister Nirmala Sitharaman presented the Union Budget for the eighth consecutive time in Lok Sabha.
- •The Cabinet, led by Prime Minister Narendra Modi, approved the budget before the presentation.
- •Significant changes to income tax slabs were announced, increasing the exemption limit to Rs 12 lakh under the New Tax Regime.
- •Taxpayers with an annual income of Rs 12 lakh will benefit by Rs 80,000.
- •The budget was anticipated to focus on tax reforms, housing, automobile incentives, healthcare, and fintech.
Why It Matters: PM Modi praised the budget's vision for 'Viksit Bharat' and its emphasis on emerging industries.
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