Budget 2024: Tweaks in new tax regime, angel tax abolished, Oppn stages walkout from Lok Sabha over Union Budget – Highlights

In her budget speech, Nirmala Sitharaman has announced NPS Vatsalya scheme. Under this scheme, parents will be able to contribute on behalf of their kids. There is aspcial clause in this NPS Vatsalya scheme. It will convert into a regular NPS account automatically once the kid nominated in the scheme turns 18.

Nirmala Sitharaman announced that the fiscal deficit is estimated at 4.9 per cent of GDP

Floods have been a recurring issue for Assam. Finance Minister Nirmala Sitharaman announced a special package for the state to battle the flood crisis that affect the region every year.

Finance Minister Nirmala Sitharaman announced that the loan limit under the MUDRA scheme will be doubled to Rs 20 lakh. Additionally, the government will promote investment-ready industrial parks in 100 cities. To support industrial workers, the government will facilitate dormitory-style rental housing through public-private partnerships (PPP). Sitharaman also revealed plans to launch the auction of the first offshore mining blocks and to establish a Critical Mineral Mission to acquire overseas assets.

1.8 crore people across India registered for the ambitious PM Surya Ghar Muft Bijli Yojana, says Nirmala Sitharaman. She says this shows that the scheme was well received by the people of the country.

India‘s official unemployment rate in urban areas is close to 6%, but private agency the Centre For Monitoring Indian Economy pegs it higher, at close to 9%. Government data this month showed 20 million new job opportunities generated in India each year since fiscal 2017-18, but private economists said self-employment and temporary farm hiring accounted for much of the figure, rather than formal positions with regular wages. (Reuters)

In her Union Budget speech, Nirmala Sitharaman announced a massive internship scheme that will target 1 Crore youngsters across India. These young men and women will be placed for internship in 500 top companies in India, Sitharaman said.

The government will lower the turnover threshold for MSME buyers required to onboard the TReds platform from Rs 500 crore to Rs 250 crore.

While presenting the Budget 2024, Finance Minister Nirmala Sitharaman announced a Rs 26,000 crore investment for highways in Bihar and allocated Rs 15,000 crore in financial support for the development of Amaravati, the new capital of Andhra Pradesh. (Read More)

Over 100 branches of India Post Payment Bank will be established in the North East region. Additionally, e-vouchers for loans up to Rs. 10 lakh for higher education in domestic institutions will be provided directly to 1 lakh students each year, offering an annual interest subvention of 3% on the loan amount.

In her budget speech, Nirmala Sitharaman has announced the launch of saturation drive under Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan

The coalition politics shows impact on Modi 3.0’s Budget. After announcing Rs 26,000 crore package for Bihar, Nirmala Sitharaman has announced Rs 15,000 crore package from Andhra Pradesh to develop Amravati as state capital.

A day after Modi govt rejected Bihar’s ‘special state’ status request, Nirmala Sitharaman has annouced Rs 26,000 crore package for roadways in Bihar in her Budget speech.

Shares turned positive on Tuesday as Finance Minister Nirmala Sitharaman started presenting the union budget, with investors awaiting policy announcements that could have a huge bearing on the trajectory of markets. The NSE Nifty 50 and S&P BSE Sensex were higher by about 0.2% as of 11:13 a.m. IST. They opened about 0.3% higher but dropped 0.2% ahead of the budget. Volatility rose to a six-week-high of 15.79, during the session. (Reuters)

Nirmala Sitharaman says that the Budget FY25 has allocated Rs 1.48 lakh crore for employment, education skilling of youth.

1 crore farmers to be brought into natural farming in next two years, says Nirmala Sitharaman.

Nirmala Sitharaman says Modi 3.0 will put continued efforts on 9 priorities for job creation. These are – Infra, urban development, employment & skilling, energy security, manufacturing & services among others.

Nirmala Sitharaman says that what was said in the Interim Budget earlier this year, Modi 3.0 will keep the focus on key sections of society – women, youth, poor and farmers

Nirmala Sitharaman announces Rs 2 lakh crore for five key schemes that will focus on middle class and skilling of youth over the period of five years.

Sitharaman says that when compared to the global economies, India‘s inflation remains low and stable. Global economy is still in the grip of uncertainties, says Sitharaman.

Finance Minister Nirmala Sitharaman rises to present Budget 2024 in Lok Sabha. Sitharaman opens her budget speech with BJP‘s third consecutive win in the Lok Sabha Elections 2024.

The countdown ends! Nirmala Sitharaman to present Union Budget 2024 anytime now.

The budgeted fiscal deficit, the gap between government expenditure and income, is projected at 5.1 per cent for the current fiscal year, as outlined in the Interim Budget in February. This is an improvement from 5.8 percent in the previous fiscal year. Due to tax buoyancy, the full Budget is anticipated to offer more favorable projections. The government aims to reduce the fiscal deficit to 4.5 percent of GDP by FY26.

Nirmala Sitharaman, presenting her seventh consecutive budget, had replaced the traditional leather briefcase used for decades to carry Budget documents with a traditional ‘bahi-khata’ wrapped in red cloth during her first Budget in 2019. This year’s Budget, like the previous three, will be in a paperless format.

Copies of the Union Budget 2024 have been brought to Parliament, ahead of the presentation of the first budget of the Modi government in its third term.

Ahead of the Budget presentation, Nirmala Sitharaman called on President Droupadi Murmu. The President was seen giving ‘dahi cheeni’ to Sitharaman as special good luck gesture.

Finance Minister Nirmala Sitharaman, who is known for her love for traditional weaves, is seen in an off-white saree with wine or magenta colour border. Last year, she was seen in a tussar silk number.

Welcome to our extensive live coverage on Union Budget 2024. Finance Minister Nirmala Sitharaman will be presenting the Budget 2024 shortly.