Budget 2025: From relief in taxation to increase in education fund allocation, what students can expect from Finance Minister in upcoming Union Budget
Students' wishlist also includes the health insurance scheme coverage. Some of them expect financial assistance should be increased to Rs 10 lakh from the current Rs 5 lakh for one family under AB PM-JAY.
As Union Budget 2025 approaches, everyone has some expectations from Finance Minister Nirmala Sitharaman. The preparation of the Budget has been completed. To know the expectations and demands of the students from this Budget, Zee Business reached out to the Management College of Mumbai. Here is the wishlist of the students for the upcoming union budget.
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Know what students expect from Budget 2025
From taxation relief to removing securities transaction tax (STT) and long-term capital gains (LTCG) tax, and demanding to increase expenditure on the education sector to increase allocation for the tourism sector, students expect these things, as reported by Zee Business.
To increase expenditure on education sector
Students wish to increase in expenditure on the education sector.
Relief in taxation
Individuals and corporations can benefit from tax relief by lowering their tax payments or settling tax debts.
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)
Students' wishlist also includes the health insurance scheme coverage. Some of them expect financial assistance should be increased to Rs 10 lakh from the current Rs 5 lakh for one family under AB PM-JAY.
Expansion of capex and PLI scheme
Some students also expect the expansion of capex and PLI scheme. The need to increase capital expenditure (capex) and production-linked incentive (PLI) schemes in India is driven by the need to expand manufacturing, reduce import dependency, and generate employment.
Changes in new tax regime slab
The students also expect some changes in the new tax regime slab.
Increase allocation to the tourism sector
There should be an increase in the fund allocations to the tourism industry, according to the students.
LTCG tax and STT removal
As Zee Business asked students for their wishlist, some of them said, "we expect securities transaction tax (STT) and long-term capital gains (LTCG) tax removal in the upcoming union budget."
This might be due to their interest in the stock market, or it could be that some of them are trading on other people's accounts.
Jobs
"Jobs-oriented budget should be there", some of the students said.
R&D and AI
Government should focus more on the R&D and AI sectors.
To increase gold duty
Students also demand to increase the duty on gold to reduce the fiscal deficit.