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The budget promotes key sectors including healthcare, R&D, skilling, MSMEs, and startups, laying groundwork for economic growth. Key measures involve exempting customs duty on life-saving drugs, investment in private-sector R&D, and financial support for startups. Concerns arise about healthcare spending targets, yet advancements in insurance and regulatory reforms aim to enhance accessibility and affordability.
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Finance Minister Nirmala Sitharaman's budget speech introduced significant changes in income tax slabs to boost consumption demand. The strategy aims to foster economic growth without compromising fiscal discipline. The focus is on job-intensive growth through MSMEs, although concerns about primary education and disinvestment remain.
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The Indian government increases the Union Housing and Urban Affairs Ministry's budget allocation by 18% to Rs 96,777 crore for FY 2025-26. Key initiatives include an Urban Challenge Fund of Rs 1 lakh crore, enhanced loans under the PM SVANidhi scheme, and substantial provisions for Pradhan Mantri Awas Yojana and Urban Rejuvenation Mission.
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