It is difficult to choose something to criticize Nirmara Citaraman on the eighth budget. She managed to check most of the boxes and correctly. We maintain the budget deficit of the scheduled glide pass, maintaining capital spending to promote growth, making the middle class for many years happy, boosting consumption, and throwing some reform measures … Jesus.
It was a puzzle that was difficult to crack. However, Citaraman managed to find a secret code by balancing the conflicts. The 4.4 % fiscal deficit of the 2025-26 GDP was sacred. However, consumption requires legs up, and the middle class has calmed down. She had to find money for tax gifts, so he managed it by maintaining capital investment at £ 11.21 at the same level as last year. In other words, higher capital investment distribution was sacrificed, supporting the middle class tax cuts.
This is because the government’s ability to promote capital spending seems to have hit the wall and the general election is the fundamental cause of being unable to spend from 2024 to 25 years. It’s a wise strategy. Of course, when considering the revised estimated value of £ 10.18-LAKH crawl from 2024 to 25 years, Capex allocation of 2025-26 actually increases by 10 %.
Strategic shift
This budget also shows a major change in strategy from government -led growth to consumption -led growth. I still don’t know if this is a tactical change or a change in philosophy. The Minister of Finance not only raised the excitement of tax rebates to 12 LAKH (excluding capital gains, etc.), but also sorted the slabs and tax rates, and kicked the highest tax rate of 30 % only with the above income. £ 24 LAKH for the previous £ 20 Lakh to do it. These changes are predicted to be projected to the annual taxpayer’s hands between £ 80,000 (income 12 LAKH) and 1,10,000 (income 25 LAKH). The $ 1 trillion taxpayer is expected to benefit from the change of the rebate restriction only.
The prediction of income and expenditures can be questioned as an increase of 14.40 % of the 14.38 luxes, which is expected to be assumed by the income of personal income tax, but is mainly believed.
Of course, this increase has fallen significantly below the actual growth over the past few years, from 2023 to 24 years. However, with the 10.40 % growth assumed by corporate tax from 2025 to 26 years (actual growth rate from 2024 to 2024 to 25 years from 2024 to 25 years), this is the weakest budgetary link. It may be.
The growth of corporate profits is slower. However, the dividend receipt from the Central Bank and PSU/PSB has a “X” factor assumed by a £ 3.25 easy crawl. I believe that selling a dollar that gets a handsome premium in consideration of low holding costs may overshoot an estimate in consideration of the RBI’s active market intervention in consideration of rupees. There is a reason.
Citaraman had no reforms. Insurance FDI restrictions are now 100 % (74 % earlier), and there are promises of a new income tax bill to be introduced soon. Asset monetization that raises the promises of high -level committees on asset recruitment, rationalization of TDS/TCS, and regulatory reforms that raise 10 pounds in 2025 and 30 years.
Biard Bonanza
While focusing on the economy, FISC, and income, Citaraman did not forget that he was approaching the election in Biard. The state is showered in the state in the form of the most interesting schemes of the Makana Committee’s announcement to improve the production, processing, value, and marketing of Super Snacks.
The support of the irrigation projects in the new National Food Technology Institute, Greenfield Airport, and Missirilitar regions is part of Biard goods.
The latest budget for Citaraman is the budget of the times. Trying to do what you need with the current context of slowdown and global uncertainty, balance resources and redirect priority.
