The Union Budget 2024-25, which was tabled by Finance Minister Nirmala Sitharaman on Tuesday (July 23), gave a fillip to several segments with focus on areas such as jobs, MSMEs and the middle class, among others. While standard deduction was increased to Rs 75,000 from Rs 50,000 under the new tax regime, customs duties on several items including gold and mobile phones were slashed. There was also a budget bonanza for Bihar and Andhra Pradesh, states ruled by key BJP allies.
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