BJP Leader Tarun Chugh Praises New Budget for Boosting India’s Economy
Chandigarh (Punjab) [India], July 23: BJP national general secretary Tarun Chugh praised the new budget, calling it the beginning of a new chapter in the national economy. He stated that the budget aims to inject new vigour and strength into the economy.
The budget focuses on infrastructure development, which Chugh believes will be the main reason for a developed India (Viksit Bharat). It also emphasizes skill enhancement for youngsters and is an expenditure-based budget that will create new job opportunities for the next generation.
The budget benefits the salaried class by raising the standard deduction by 50% and changing the tax slabs in the new tax regime, helping the general public reduce their tax payments. The Modi government has also proposed steps to reduce litigation, providing immense relief to common taxpayers.
Chugh described the budget as visionary, stating that it will help all sections of society and elevate India to a leading global economy.
Doubts Revealed
BJP -: BJP stands for Bharatiya Janata Party, which is one of the major political parties in India.
Tarun Chugh -: Tarun Chugh is a leader in the BJP and serves as the national general secretary, which means he helps manage the party’s activities across the country.
Budget -: A budget is a plan that shows how the government will spend its money. It includes details on where the money will come from and how it will be used.
Infrastructure development -: Infrastructure development means building and improving things like roads, bridges, and schools, which are important for a country’s growth.
Skill enhancement -: Skill enhancement refers to programs and training that help people, especially young people, learn new skills or improve existing ones to get better jobs.
Standard deduction -: A standard deduction is a fixed amount of money that people can subtract from their income before calculating how much tax they owe.
Tax slabs -: Tax slabs are different levels of income that are taxed at different rates. For example, people who earn more money might pay a higher percentage of their income in taxes.