Budget of the Union 2025: The exemption of income tax will help increase the purchasing power of people, says Pemmasani Chandra Sekhar

The center has extended the mission of Jal Jeevan until 2028 as requested by the Andhra Pradesh government, says State Minister of the Union for Rural Development and Communications Pemmasani Chandra Sekhar. | Photo credit: file photo

By stating that the 2025 Union Budget reflects the true aspirations’ of the people of India, the Minister of State for the Union for Rural Development and Communications Pemmasani Chandra Sekhar has said that the exemption of the Income Tax of Income Up to ₹ 12 Lakh will help increase the economy in a great way taxpayers will have more income available for spending.

“People are happy with the exemption of income tax. Now they will spend money on buying basic products, which will help generate income for the government. More purchasing power and expense will help increase employment opportunities, ”said Chandra Sekhar The Hindu By New Delhi phone, while referring to the 2025 Union Budget presented in Lok Sabha by the Minister of the Union of Fincnce, Nirmalasitharaman, on Saturday.

Mr. Chandra Sekhar said that more purchasing power would help create more demand for goods and services, thus increasing production.

The Minister of the Union said that giving priority to industries and manufacturing sectors is the general issue of the Budget of the Union.

Incentives for maritime and export sectors will increase exports of goods and services and help increase the Forex reserve.

Referring to Andhra Pradesh, Mr. Chandra Sekhar said that the central government had extended the mission of Jal Jeevan until 2028 as requested by the State.

The previous YSRCP government had failed miserably to use this scheme, despite the fact that the government of the Union assigned ₹ 14,000 million rupees for the State, he said, noting that only ₹ 2,000 million possession.

“Now, the Government of the NDA will use the funds published under this scheme with prudence,” said Chandra Sekhar and thanked Prime Minister Narendra Modi for extending the Jal Jal Jeevan mission for the benefit of Andhra Pradesh.

The Minister of the Union explained that the assignment of ₹ 1 Lakh million rupees for urban development and the core of ₹ 1.5 Lakh for infrastructure development will benefit people throughout the country.