01-Feb-2025 02:16 PM
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Hyderabad, Feb 1 (Reporter) The BJP state unit of Telangana has lauded the 2025 Union Budget presented by Finance Minister Nirmala Sitharaman, calling it a transformative step toward economic growth and middle-class empowerment.
A key highlight of the budget is the exemption of income tax for earnings up to Rs 12 lakh, providing significant financial relief to millions of taxpayers.
State BJP Spokesperson NV Subash in a statement on Saturday emphasised that the budget reaffirms the belief that "Modi hai to mumkin hai", accelerating the vision of Viksit Bharat with a renewed focus.
“With widespread tax cuts across multiple sectors, this budget lays out a clear roadmap for India’s economic growth, aiming to push GDP from below 7 to 8-9 per cent in the coming years,” he stated.
The budget introduces transformative reforms across agriculture, manufacturing, research, defence, healthcare, energy, exports, and the corporate sector. Notably, it prioritizes the middle class—an issue close to Sitharaman’s own background—by addressing their long-standing demand for tax relief.
Subash also commended the government’s pro-business initiatives, including enhanced limits for corporate investments, signalling a strong push for economic expansion. The BJP maintains that these reforms will drive sustained development and bolster India's position as a global economic powerhouse...////...