Modi 3.0 Budget: Tax Relief, Job Schemes, and More

Finance Minister Nirmala Sitharaman presented the first budget of the Modi 3.0 government, offering tax relief to the middle class and announcing a Rs 2 lakh crore job creation scheme. The budget received mixed reactions, with PM Modi praising it and the opposition critiquing it for political motivations.

Finance Minister Nirmala Sitharaman on Tuesday introduced the first budget of the Modi 3.0 government, bringing significant tax relief to the middle class and a Rs 2 lakh crore allocation towards job creation schemes over the next five years. This comprehensive budget also directed substantial funds to states governed by the coalition partners of her party.

Prime Minister Narendra Modi lauded this budget, stating it would foster better growth and a promising future for all sections of society. However, opposition parties harshly criticized the budget, labeling it a 'kursi bachao budget' driven by political considerations. They claimed the budget neglects states governed by opposition leaders in favor of appeasing BJP allies.

In contrast, BJP allies from Bihar welcomed the announcements, asserting that the new measures will drive development and help the state achieve self-reliance ('aatmanirbhar'). The budget has undoubtedly sparked a heated debate, reflecting differing political agendas and priorities.