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What are the most significant announcements?

Presenting the Budget, Ms. Sitharaman said the standard deduction for salaried employees will be hiked to ₹75,000, from ₹50,000 under the new income tax regime in FY25. The Union Budget 2024-25 identified nine priorities for generating ample opportunities — Productivity and Resilience in Agriculture, Employment and Skilling, Inclusive Human Resource Development and Social Justice, Manufacturing and Service, Urban Development, Energy Security, Infrastructure, Innovation, Research and Development and Next Generation Reforms.