Sun. Dec 22nd, 2024

365Telugu.com online news, July 23,2024:PolicyBazaar Partners, a brand under Policybazaar Insurance Brokers, expresses strong support for the Indian government’s Union Budget 2024, recognizing its visionary approach designed to foster economic growth, innovation, and social inclusion across various segments of society. The budget’s provisions are set to have a significant positive impact on the insurance sector and beyond.

Dhruv Sarin, Co-founder, PBPartners said, “We applaud the Indian government’s Union Budget 2024 for its forward-thinking approach across all segments of society. The reduction of TDS (Tax Deducted at Source) rates from 5% to 2% for individual agents selling insurance policies is a particularly commendable initiative, as it will directly increase their disposable income. 

Dhruv further added,”Empowerment of India’s young workforce was also one of the central focus areas. With five targeted schemes aiming to benefit 41 million youth over five years and supported by a central outlay of ₹2 lakh crore, this move will result in more employment opportunities and significantly uplift India’s youth.

The women-specific skilling programs and initiatives to boost workforce participation are also laudable steps towards inclusive growth. These initiatives will lay a solid foundation for sustained economic growth by financially strengthening India’s lower middle segment and youth.”

PBPartners believes that the Union Budget 2024 is a transformative step towards building a more inclusive and prosperous India.

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