PM Modi Hails Budget's 'Viksit Bharat' Push, Focus on New-Age Sectors

• Finance Minister Nirmala Sitharaman presented the Union Budget for the eighth consecutive time in Lok Sabha.
• The Cabinet, led by Prime Minister Narendra Modi, approved the budget before the presentation.
• Significant changes to income tax slabs were announced, increasing the exemption limit to Rs 12 lakh under the New Tax Regime.
• Taxpayers with an annual income of Rs 12 lakh will benefit by Rs 80,000.
• The budget was anticipated to focus on tax reforms, housing, automobile incentives, healthcare, and fintech.

Why It Matters: PM Modi praised the budget's vision for 'Viksit Bharat' and its emphasis on emerging industries.