budget 2023-24, Budget Expectations 2023: Will the budget fulfill these 10 expectations of the countrymen? Everyone has special wait – will the budget fulfill these 10 expectations of the countrymen know details
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1 – Expectation of relief from inflation
This time the common man is expecting relief from inflation in the general budget. The prices of everything have gone up sharply in the last months. The prices of everything from food items to cooking gas etc. have increased. The general public hopes that this time the government will reduce the tax on many important things in the budget. Due to which the public will get relief from rising inflation. People say that the government should take care of the common man in the budget. In the recent past, the common man has suffered the most due to the rapid increase in inflation.
2 – Employed class expects tax exemption
The salaried class is expected to be given more tax exemption. People have hope that the Modi government can give relief to the salary profession. In 2014, the then Finance Minister Arun Jaitley last increased the tax exemption limit. The tax limit has not been increased for 8 years. This time there may be a change in the tax slab. It is believed that this time the existing tax limit can be increased to 2.5 lakhs. Experts estimate that the tax exemption limit can be increased to 5 lakhs. It is also expected that under 80C, tax exemption is available on investments up to 1.5 lakhs. The government can increase it to 2 lakhs annually.
3 – Will the price of gas be reduced?
Women also have high expectations from the Finance Minister this time from the general budget. Women say that the increase in gas rates has had the biggest impact on the household budget. Food items have become expensive, the budget has deteriorated due to the increase in gas rates. Women hope that this time the government can reduce the rates of cooking gas in the general budget. If this happens, they will get a lot of relief.
4 – Senior citizens also have hope
This time, the senior citizens of the country are also pinning their hopes on the general budget. Senior citizens hope that the government can give them the discount on train tickets again. Before the Corona period, senior citizens used to get discount on rail tickets. When the trains stopped in Corona, this exemption was also abolished. Trains started after the Corona period passed, but the exemption given to senior citizens has not been resumed yet.
5 – Will get relief from expensive loans
To keep inflation under control, RBI has increased the repo rate several times this year. This had a direct impact on the interest rates of the banks and it became costlier to take loans. In such a situation, the installment for home loan borrowers also increased due to increase in interest rates. People are expecting that this time the Finance Minister can increase the current limit of interest exemption given as home loan under 24B of Income Tax to 5 lakhs from 2 lakhs.
Budget 2023: Salaries are sure to get relief in the budget! These changes can happen in the income tax system6- Expected to increase the amount of Samman Nidhi
Farmers also have high expectations from the general budget this time. The farmers of the country have hope that this time the government will definitely take care of them in the general budget. Farmers are hopeful that the government will increase the cash assistance given to farmers under PM-Kisan Yojana in the upcoming budget 2023-24. Please tell that at present six thousand rupees are given annually under the PM-Kisan scheme.
7- People expect good medical system
The general public of the country expects that the health budget will be increased in the general budget. The system of government hospitals in the country will improve. New hospitals will be opened in such villages where there are no hospitals and the needy will be able to get better treatment. People are hopeful that the government will increase the health budget from 1.5 per cent to 4 to 5 per cent.
8- Youth also have expectations from the budget
The youth of the country also have high expectations from the budget. The youth have hope that the government will pay attention to them in the budget so that they will get better employment opportunities in the coming times. With this, the salary of such people, who are currently working in very low salary, will increase. The government will take steps to promote employment.
First blow of inflation before the budget, increase in the prices of these things, spoiling the taste of food9- Education loan expected to be cheaper
Every year an increasing number of youth from the country go abroad to study. For this, youth take education loan. The youth hope that this will be taken care of in the budget and the government will take such steps which will make the education loan cheaper. At the same time, arrangements will also be made for the needy to get education loan easily.
10- Expectation of cheap travel
The poor people of the country hope that the government will take care of them in the general budget. Traveling has become expensive in the recent past. At the same time, sometimes there is a problem of not getting a seat. People hope that the government will definitely take such steps, so that the prices of train and bus tickets are reduced and the needy can travel easily.
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