Budget of 2025: Finance Minister Nirmala Sitharaman will present the Union Budget on 1 February 2025, everyone has high hopes from this budget. In such a situation, it has to be seen what new the government brings in this year’s budget.
Finance Minister Nirmala Sitharaman is going to present the Union Budget in early February. In this budget, many announcements can be made from the defense sector to the automobile sector. At the same time, from the general public to big businessmen, there are many expectations from this budget. Now in such a situation, it has to be seen what new the government presents in this year’s budget. However, given the current global and regional security, it is expected that many decisions will be taken in this budget to increase the strength of the Indian Army. So let’s know what the automobile industry expects from this budget this time and what possible announcements can be made in the 2025 budget.
Table of Contents
Budget of 2025: Promoting indigenous weapon manufacturing
Under the “Make in India” initiative, the government can focus on promoting the manufacture of indigenous defense equipment. For this, separate funds are likely to be provided for research and development (R&D), which will rapidly increase the production of weapons and equipment in the country. This will not only reduce dependence on foreign countries, but will also provide new employment opportunities.
Facility for ex-servicemen
Budget of 2025:Many schemes can also be brought for ex-servicemen in this budget, such as improvement in their pension, medical facilities and employment generation schemes can be included.
Budget of 2025: Defense budget up to 7 lakh crores
It is expected that the defense budget can be increased in this budget. Last year the defense budget was Rs 6.21 lakh crore, this time it is likely to reach Rs 7 lakh crore. The decision to increase the defense budget can be taken keeping in mind the security challenges of India.
Demand for GST reduction on two-wheelers
Many companies in the auto sector also have high hopes from this budget to be presented on February 1, 2025. The automobile industry demands that the GST rate on hybrid and electric vehicles be reduced from 28 percent to 18 percent.
Also read: Historic Day for Uttarakhand: Uniform Civil Code to Be Enforced Today
