In the central budget Nirmala Sitaraman gave 10 big announcements

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NIN Web Desk : (Dr. Subhrajyoti Chattopadhyay) ; • Income tax exemption up to Rs.12 lakhs. No Income Tax payable up to Rs 12 Lakh under new tax regime; PM hails budget as “force multiplier” for India’s growth. New and simplified income tax law will be announced next week.

• TDS exemption for senior citizens increased to Rs.1 lakh. TDS deduction on house rent increased to 6 lakhs. TCS increased by 10 lakhs.

• Full duty exemption on 36 life-saving medicines. Duty exemption reduced by 5% on six essential medicines.

• 100% foreign investment in insurance sector.

• Investment of 500 crores for artificial intelligence in education sector. Three AI Centers of Excellence.

• Loan limit increased to 5 lakhs on Kishan Credit Card. PM Dhandhanya Krishi Yojana will be launched. 1.7 crore farmers will benefit.

• 20,000 crore investment in construction of modular nuclear reactors.

• Cancer treatment centers in all district hospitals across India within the next three years.

• Increase of 10 thousand seats in medical colleges in 5 years. The number of IIT seats will increase by 6,500. Broadband in all government schools of the village.

• Pradhan Mantri Jan Arogya Yojana for unorganized workers. Credit cards with UPI technology for hawkers.

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