We know the fact that every year the central and state government of the country brings up the budget putting and obliging various rules and regulations on different segment and areas in the country for the purpose of country welfare and development and similarly they bring up the budget for different segment of business in their union budget which is presented by central government for the growth of business in the country and therefore, we like to highlight few of the great decision of the budget of 2024 and these are as follows:-
- The government has re-regulated the tax policies for the purpose of promoting the income of the person from business and jobs and therefore, currently the people with earning of seven lakhs per annum do not have to pay any tax liability on their income.
- The mudra yojana loan has been financed for empowering women entrepreneurs and women business and therefore 30 crore mudra yojana loan have been passed for women business.
- The government has focused a lot on sustainable development of the country and therefore various policies have been drafted for uplifting this segment of business such as the blue economy 2.0 will be launched and so on.
- The government has focused on cement, construction and the railway industry for the purpose of reducing the cost in terms of construction and for improvisation in the logistics industry and further in order to decrease the cost of logistics.
- The tourism industry has been promoted and therefore all the businesses which have direct or indirect relation with this industry will benefit.
- The various good proposals have been put forward in the food and agriculture business industry in there to help farmers and people attach to this segment of work and therefore now public and private investment can be taken for post harvest activities and so on.
- The amount of 1.68 crore has been financed to the chemical and fertilizer ministry for the welfare of this industry.
- The Ministry of communication has been financed with 1.37 crore for development in the communication industry so that business related to this segment can be benefited.
- The Ministry of rural development has been financed with 1.77 core for development of the business in rural areas.
Therefore, although this budget is an interim budget, the focus has been laid in overall development of business in the country and along with increasing the total gross domestic income of the country.
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