Finance Minister Nirmala Sitharaman confirms that there are no changes in tax rates, providing stability in the current taxation structure.
Budget 2024 LIVE: Union Finance Minister Nirmala Sitharaman presented Union Budget 2024 in Parliament. In anticipation of an interim Budget, significant policy announcements are not expected. Instead, this year’s Budget is poised to serve as a comprehensive report card, highlighting the successes of the Modi government over the past decade. Notably, achieving the budgeted fiscal deficit of 5.9 percent of the GDP for the current fiscal year is anticipated. Additionally, the debt-GDP ratio stands at 54 percent, surpassing the targeted 40 percent.
Read More: ‘India Managed Inflation Well, Did Not…’, Prez Murmu Tells Parliament
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Union Finance Minister Nirmala Sitharaman states that the estimated fiscal deficit for the fiscal year 2024-25 is 5.1% of the GDP.
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FM Nirmala Sitharaman announces plans for the construction of three major railway corridors, with one specifically dedicated to cement transportation, signaling significant infrastructure development in the transportation sector.
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FM Nirmala Sitharaman reveals that 10 million women have already become 'lakhpati didis' (women with savings of one lakh or more). In light of this success, the Centre has decided to enhance the scheme's target, further empowering women economically.
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FM Nirmala Sitharaman announces the government's commitment to encourage vaccination for cervical cancer, emphasizing a proactive approach to women's health and well-being.
FM Nirmala Sitharaman announces the construction of 2 crore additional houses under the Pradhan Mantri Awas Yojana – Gramin, reinforcing the government's commitment to rural housing.
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FM Nirmala Sitharaman highlights that the strengthening of the financial sector has led to increased efficiency in savings, credit, and investments. Additionally, proactive inflation management has played a crucial role in maintaining inflation within manageable levels.
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FM Nirmala Sitharaman states that the recently announced India Middle East Europe Economic Corridor will be a transformative force for India, bringing significant changes to the economic landscape.
FM Nirmala Sitharaman underscores the government's commitment to women empowerment through key initiatives such as making Triple Talaq illegal and reserving one-third of legislative seats for women.
FM Nirmala Sitharaman emphasizes the government's focus on a more comprehensive approach to GDP, governance, development, and performance. She also highlights the presence of macroeconomic stability, indicating a positive trajectory for the economy.
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FM Nirmala Sitharaman asserts that various forms of infrastructure, including digital, social, and physical, are being constructed at an unprecedented pace.
FM Sitharaman highlights significant progress, noting a 28% rise in female enrollment in higher education over the past decade. In STEM courses, girls and women constitute 43% of enrollment, among the highest globally. These efforts contribute to increased female workforce participation. Legalizing triple talaq, 1/3 reservation for women in Parliament and state assemblies, and allocating over 70% of houses under PM Awas Yojana to women have notably enhanced their dignity, emphasizing 'Nari Shakti.'
FM Nirmala Sitharaman declares that the National Education Policy 2020 is initiating transformative reforms in the education sector.
Finance Minister Nirmala Sitharaman announces that crop insurance has been provided to 4 crore farmers under the PM Fasal Bima Yojana.
Finance Minister Nirmala Sitharaman reassures that concerns regarding food have been addressed with the provision of free ration, alleviating worries for the people.