Who won and who lost in the first budget of Modi 3.0, know every detail

New Delhi: The first budget after Narendra Modi became the Prime Minister for the third time was presented on Tuesday. In this budget presented by Finance Minister Nirmala Sitharaman, special attention has been given to states like Bihar and Andhra Pradesh along with promoting employment, income tax exemption. Finance Minister Nirmala Sitharaman has announced a package of $ 24 billion. This includes business-related measures so that jobs can increase. Apart from this, skill development programs have also been introduced for youth and women. Let's take a look at who benefited and who lost in the budget.

Who will benefit from the budget?
Youth: The new policies of the Modi government are focused on the youth of India. This includes a scheme to give one month's salary to all first-time job seekers. Youth skill programs as well as internship programs in top 500 companies for young Indians have also been announced in the budget.Modi's allies: The budget gave special attention to Andhra Pradesh and Bihar, both governed by BJP allies. The government announced a package of Rs 15,000 crore for Andhra Pradesh through multilateral agencies, while a separate package of Rs 58,900 crore was announced for Bihar. This includes construction of roads, airports, medical colleges and tourist places in Bihar.

start up: India's start-up sector will benefit from the government abolishing 'Angel Tax'.

the middle class: Finance Minister Nirmala Sitharaman on Tuesday announced some changes in the income tax provisions, giving relief to the middle class and working people. The budget proposed to increase the standard deduction by 50 percent to Rs 75,000 and change the tax slabs under the new tax system. These announcements of the Finance Minister are being considered as an attempt to put some more money in the hands of working people.

Jewellery: The Indian government has proposed to reduce customs duty on precious metals like gold and silver, under which the duty on gold has been reduced to 6%. Shares of companies like Titan and Kalyan Jewellers surged after this announcement.

those who live in loss

Increase in tax on income from stock market: In this budget, the government has increased the tax rate on income from the stock market. Earlier, long term capital gains were taxed at the rate of 10%. Now it has been increased to 12.5%. Similarly, short term capital gains were taxed at the rate of 15%. Now it has been increased to 20%.

Electric Vehicles: The government has not announced any policy to promote manufacturing of electric vehicles in India.