Vikrant Shekhawat : Jan 15, 2025, 07:40 PM
Union Budget 2025: As the country's general budget 2025 is approaching, the expectations of the public are increasing. Like every year, this time too people are expecting a big relief from Finance Minister Nirmala Sitharaman. The continuous increase in the prices of basic necessities like roti, cloth and house remains the biggest concern of the common man. In such a situation, it will be important to see what steps the government takes to make these necessities cheaper in the upcoming budget.Need to curb food inflationIn the last few years, the prices of food items have increased rapidly. According to the report of the National Sample Survey Office (NSSO), about 40 percent of the income of Indian families is spent only on food. In 2024, food inflation broke the back of the common man. The prices of tomatoes had increased by 161 percent, while the price of potatoes increased by 65 percent.The biggest challenge before the government is to control the inflation of food items. In the upcoming budget, the government can balance the interest rates in collaboration with the Reserve Bank of India (RBI). Apart from this, import duty on essential items like edible oil can be reduced.Extension of the food subsidy scheme can also be a possible step, which can provide relief to the poor and the middle class. If the government includes these measures in the budget, then the common man can get great relief.Will the dream of home come true?Millions of people in India are still dreaming of their own house. But the rising prices of property are preventing their dream from being fulfilled. In 2024, real estate prices in big cities like Mumbai and Delhi increased by 13 to 30 percent.Under the Pradhan Mantri Awas Yojana (PMAY), the government has built many houses, but so far only 91 lakh houses have been completed. In the upcoming budget, the government can allocate more funds for this scheme. Also, measures like increasing tax exemption on home loans can also be taken.Apart from this, the government can encourage developers to promote the construction of affordable houses. Reducing construction costs and encouraging affordable housing projects in urban and rural areas can fulfill people's dream of owning a home.Need to revive the textile sectorIndia's textile sector is an important part of the country's economy and provides employment to millions of people. But in recent years, this sector has faced many problems due to falling domestic demand, increasing production costs and global competition.Some important steps can be taken to promote the textile sector in the upcoming budget. Reducing the GST rate on basic clothing can be an important step. Along with this, work can also be done to encourage domestic production and promote the use of modern technology in textile manufacturing.If the government pays attention to these areas, not only will millions of people get employment, but the country's economy will also be strengthened.Public expectations from Budget 2025The common man has a lot of expectations from this time's budget. Making basic necessities like roti, kapda and makaan cheaper should be the priority of the government.Roti: To reduce the prices of food items, the government should expand the food subsidy scheme.Textiles: To give relief to the textile sector, GST rates can be reduced and domestic production can be promoted.Housing: More funding in the budget under the Pradhan Mantri Awas Yojana and increasing tax exemption on home loans can provide great relief to the common man.ConclusionThe General Budget 2025 will determine the economic direction of the country. The steps taken by the government on basic issues like roti, kapda and makaan will have a direct impact on the life of the common man. Finance Minister Nirmala Sitharaman faces a big challenge to control inflation and give relief to the public.If the government adopts the right policies in this budget, not only will the problems of the common man be solved, but the country's economy will also be strengthened. In such a situation, it will be interesting to see what steps the government takes to make roti, kapda and makaan cheaper in the upcoming budget.