Question - What is new in India's Finance Budget, highlight in 150 words.
ChatGTP Answer - India's Finance Budget for 2024-25 introduced several key measures focused on economic growth, infrastructure, and welfare. Notable highlights include:
Infrastructure Boost: A significant increase in capital expenditure, with ₹10 lakh crore (about $120 billion) allocated to develop roads, railways, and urban infrastructure.
Tax Reforms: The new tax regime offers higher rebates and simplified slabs. Individuals earning up to ₹7 lakh annually are exempt from income tax under the new regime.
Green Initiatives: ₹35,000 crore is dedicated to energy transition and achieving net-zero emissions, focusing on green hydrogen, renewable energy, and energy storage.
Agriculture and Rural Economy: Measures to enhance agricultural productivity and promote the use of digital technology in farming were announced, with ₹20 lakh crore targeted for agricultural credit.
Digital Public Infrastructure: The budget focuses on expanding digital services in agriculture, fintech, and digital skilling.
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