ABP News: Indian Stock Markets Signal Positive Start on Budget Day
As the nation anticipates the Union Budget, Indian stock markets are exhibiting signs of optimism. At 8:18 AM, Nifty futures have reached 24,537, representing a rise of 17.80 points and a modest gain of 0.07%. This indicates a potential opening in the green for the Nifty index. Finance Minister Nirmala Sitharaman is preparing to leave her residence for the budget presentation, signaling the imminent commencement of budget-related proceedings.
Public Plea: Reduce Tax Burden in the Budget
In response to concerns raised in the Lok Sabha, the government has acknowledged a rise in the country’s internal debt over the past decade. Presently, internal debt constitutes over 55% of GDP, an increase from 48.8% in 2013-14. Government statistics reveal that salaried individuals contribute a greater share of direct taxes compared to corporations. This has created a substantial tax burden on the salaried and middle class, leading to widespread public demand for relief. Citizens are eagerly awaiting either a revision in tax slabs or a reduction in tax rates to alleviate this burden.
