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Union Budget 2024: The first budget of Modi 3.0 govt and the historic consecutive seventh budget by Finance Minister Nirmala Sitharaman has been presented in the parliament today. From tax exemptions to new jobs, incentives and stipends, the FM has gifted all motivation to the youth and the MSMEs. Bihar and Andhra have been given a number of schemes for growth, renovation and development.
Stay tuned for live updates!
After the union budget has been presented and states like Bihar, Andhra and Odisha have been given the infrastructure, expressways, and everything as a tourism booster, MPs from Punjab have now initiated a protest alleging that their state has been ignored in the fund allocation.
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Standard deduction for salaried from Rs. 50K to Rs. 75,000 for those who go for new tax regime.
No relief on income tax yet.
Two tax exemption regimes for charity to be merged into one.
Decriminalization of delay of payment of TDS.
Custom duty on gold and silver reduced
RCD reduction on downfilling material from duck and goose.
Reduction of BCD on mobile phones and chargers.
Fully exemption of three medicines from customs duty for cancer patients.
Vishnu Pad corridor - Gaya
Mahabodhi temple corridor - Gaya
Rajgir corridor
Nalanda University renovation
Flood and calamity relief, reconstruction, and rehabilitation for Bihar, Assam, Himachal, Uttarakhand, Sikkim
A joint venture between NTPC and BHEL to work for the megaplan.
Rooftop solar plants for 1 crore households. This scheme has received 1.2 crore registrations.
Housing scheme for 1 crore urban poor under PM Awas Yojana worth 10 lakh crore rupees.
An IT platform for the IBC ecosystem to solve bankruptcy.
Voluntary closure of LLPs to reduce closure time.
1. Credit guarantee scheme for MSMEs
2. Credit support to MSMEs during stress period.
3. Mudra Loans extended to Rs. 20 lakhs from Rs. 10 lakhs.
4. SIDBI (Small Industries Development Bank of India) branches for MSME clusters
5. 100 food quality testing labs
6. E-commerce export hubs to support trade
7. Scheme for providing internships in top companies
8. Industrial parks in 100 cities
9. 12 industrial parks under the national development scheme.
10. Rental housing for industrial workers to be facilitated in PPP mode.
Provision of 2.66 lakh crore rupees for rural development and infrastructure.
3 crore additional houses under PM Awas Yojana.
Seems like Nitish Kumar's efforts have bore fruit now as the state gets three expressways, two bridges and a road link between Gaya and Rajgir.
Purvodaya scheme for all round development for Bihar, Jharkhand, Odisha.
Financial supports for loans upto 10 lakh rupees for higher education in domestic institution.
Provision 1.52 lakh crore rupees for agriculture and allied sector.
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In the next two years, 1 crore farmers will be initiated for natural farmers supported by the govt. Missions for pulses and oilseeds, we will strengthen their production and storage.
FM Nirmala Sitharam begins her speech by stressing the faith of people in PM Narendra Modi. "We are performing better than expected", she stated.
As mentioned in the interim budget, we need to focus on the poor, women, and peasants, she added.
Special guest from Tanzania is in the Parliament to attend the budget session.
Speaking on the budget during his cabinet meet, PM Modi said this budget is for Viksit Bharat.
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Metals like gold, silver, copper and steel might not see any downfall in their price owing to the currency status and the utilization of metals like copper, aluminium, and lithium in the electronics and semiconductor industries.
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It is quite evident that the Modi government has invested in defence and has taken it with sincerity. A new aircraft from Airbus, the most advanced European is set to come to India at the beginning of 2025. But defence needs a decent budget for equipment, armaments, aircraft and submarines.
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Upon being questioned on the expectations from the budget 2024, Defence Minister Rajnath Singh said reactions can be given only after the budget has been presented.
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Home Minister Amit Shah arrives at the parliament ahead of the union budget 2024.
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FM Nirmala Sitharaman has arrived at the parliament to present the Union Budget 2024.
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Govt has been focusing on green development so far in its previous budgets. It invested and promoted the growth of EVs in its budget for 2023. Is it going to repeat the ritual? Or announce something even better? When the world has become one on the subject of green development, it is much expected of India to hold the baton.
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Before its presentation in the parliament, the union budget 2024 is already cobwebbed in hopes and questions. Whom is it going to benefit?
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Speaking on the union budget 2024, Shivsena (UBT) MP Priyanka Chaturvedi says that she hopes the govt will now talk about 'jan ki baat' and not PM's 'Mann ki baat'.
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Nirmala Sitharaman heading towards Rashtrapati Bhawan to invite President Draupadi Murmu ahead of the first budget presentation of Modi 3.0.
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With the level of dearness and inflation, the free tax slab of up to Rs. 5 lakh of income isn't helping. In the interim budget, no announcement was made on this subject which is considered the biggest relief to the largest voting segment of India - the middle class.
Tax exemption crossing the 5 lakh mark is the need of the hour?
Possessing the strongest demographic dividend is going to help the nation only if the youth is utilized. Millions of youngsters are eyeing job opportunities today. Will they get some relief? Hopefully!
Nirmala Tai is all set to present her seventh consecutive budget.
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