Ads Area

Shashi Tharoor Criticizes Union Budget 2025, Questions Focus on Unemployment

New Delhi [India], February 1 (ANI): Senior Congress leader and Member of Parliament Shashi Tharoor took a swipe at the Union Budget 2025, presented by Finance Minister Nirmala Sitharaman, questioning the lack of emphasis on unemployment. While acknowledging the middle-class tax relief, Tharoor underscored the need for job creation to ensure people actually benefit from the exemptions.


"The applause you heard from the BJP benches was for the middle-class tax cuts. If you have a salary, you may be paying less tax. But the crucial question is—what happens if you don’t have a salary?" Tharoor remarked while speaking to ANI.

Lack of Focus on Unemployment

Criticizing the budget’s approach, Tharoor pointed out that unemployment was not addressed by the Finance Minister. "To benefit from income tax relief, one actually needs an income source. The Budget does not provide solutions for job creation," he stated.

He also took a jibe at the ruling party's election strategy, commenting, "The party that advocates ‘One Nation, One Election’ is using each state election to offer more freebies. Perhaps they prefer multiple elections to keep garnering applause from their allies."

Middle-Class Tax Relief Amidst Concerns

The criticism follows Sitharaman’s announcement that individuals earning up to ₹12 lakh per annum will be exempt from income tax, providing substantial relief to the middle class. The exemption limit rises to ₹12.75 lakh for salaried individuals, including a ₹75,000 standard deduction.

However, certain conditions apply—taxpayers must avail deductions under various sections of the Income Tax Act, such as:

  • ₹1.5 lakh exemption under Section 80CCC

  • ₹1.5 lakh exemption on home loan interest payments

Budget Receives Mixed Reactions in Parliament

The Finance Minister’s announcement was met with enthusiastic applause from treasury benches, led by Prime Minister Narendra Modi. Despite this, opposition leaders, including Tharoor, have raised concerns over the lack of focus on job creation.

Following the budget presentation, the Lok Sabha was adjourned and will reconvene on February 2 to resume discussions on the Union Budget 2025.

Post a Comment

0 Comments
* Please Don't Spam Here. All the Comments are Reviewed by Admin.

Top Post Ad

Below Post Ad

www.indiansdaily.com GLOBAL INDIAN COMMUNITY
🔔JOIN:    

Ads Area

avatar
EDITOR Welcome to www.indiansdaily.com
Hi there! Can I help you?,if you have anything please ask throgh our WhatsApp
:
Chat WhatsApp