Union Budget 2025: Empowering Salaried Professionals and Strengthening Women's Workforce Participation
The Union Budget is an annual statement of the Government of India's estimated receipts and expenditures for the upcoming financial year. It is presented to the Parliament by the Finance Minister. The budget is a key instrument for the government to achieve its economic and social objectives. Current Economic Situation India's economy is currently facing several challenges, including: High inflation Unemployment Rising inequality Slowing growth The government needs to take steps to address these challenges in the upcoming budget. Key Economic Data Points Inflation: 7.4% (November 2024) Unemployment: 7.2% (November 2024) GDP growth: 6.3% (FY 2023-24) Ideas & Suggestions Salaried Professionals Increase the tax exemption limit: The current tax exemption limit for salaried professionals is Rs. 2.5 lakh. This should be increased to Rs. 5 lakh to provide relief to taxpayers and boost consumption. Introduce a standard deduction for work-from-home expenses: The pandem...