India Union Budget Allocates ₹2.55 Lakh Crore to Home Ministry and Broadens Direct Tax Scope
India unveils a Union Budget emphasizing infrastructure, defence, social welfare and renewable energy projects, with a total outlay reported around ₹45 lakh crore, according to Economic Times coverage, aiming to sustain growth amid global uncertainties.
Home Ministry receives the largest single allocation, ₹2.55 lakh crore, to boost internal security, modernize equipment, expand cyber‑crime units and border surveillance, as highlighted by Hindustan Times budget analysis.
Finance Minister Nirmala Sitharaman proposes widening the direct tax base by raising the income tax exemption limit to ₹7 lakh and introducing a modest surcharge on high earners, and improve fiscal discipline, aiming to increase revenue without burdening middle class.
ClearTax outlines key GST adjustments, including a reduction of the standard rate from 18% to 12% on essential goods and a simplified filing process for small traders, and reduce administrative costs, expected to boost compliance.
