Budget 2024 Live: Earlier, due to being an election year, no special policy changes were seen in the interim budget presented on February 1. Also, special announcements for the middle class were not included in the interim budget of the government.
Budget 2024 Speech Live: Union Finance Minister Nirmala Sitharaman is presenting the budget of Modi Government 3.0 in Parliament on Tuesday. The special thing is that this is the 7th budget to be presented by her. Earlier, due to being an election year, no special policy changes were seen in the interim budget presented on February 1. Also, special announcements for the middle class were not included in the interim budget of the government. However, now there are possibilities that in the full budget, the government can make big announcements for taxpayers and women.
The special thing is that apart from the last two governments, this time Janata Dal United and Telugu Desam Party are also a part of NDA i.e. National Democratic Alliance, because the Bharatiya Janata Party failed to get an absolute majority in the recently concluded Lok Sabha elections. In such a situation, it is being said that the Finance Minister will also have to keep in mind the demands of both the big parties during the budget session.
However, experts believe that there is little chance of major changes in India’s economic policy in the budget to be presented on Tuesday.
Budget 2024 Speech LIVE: Standard deduction limit increased for salaried people
Budget 2024 Speech LIVE: Union Finance Minister Nirmala Sitharaman said that those who are taking the new tax regime. The standard deduction has been increased from Rs 50,000 to Rs 75,000. In the case of family pension also, the deduction figure for pensioners has been increased from Rs 15,000 to Rs 25,000. The government says that this will benefit 4 crore salaried people and pensioners.
Budget 2024 Speech LIVE: House proceedings adjourned
Budget 2024 Speech LIVE: Lok Sabha Speaker Om Birla adjourned the proceedings of the House during the presentation of the budget by the government. He said, ‘The proceedings of the House are adjourned till 11 am on Wednesday.’
Budget 2024 Speech LIVE: These will be the new rates in the new tax regime
0-3 lakh rupees – Nil
3-7 lakh rupees – 5 percent
7-10 lakh rupees – 10 percent
10-12 lakh rupees – 15 percent
12-15 lakh rupees – 20 percent
More than 15 lakh rupees – 30 percent
In the new tax regime, salaried people can save Rs 17,500 in income tax. Union Finance Minister Nirmala Sitharaman says that the new tax system will cause a revenue loss of seven thousand crores to the government and four crore salaried people will benefit from it.
Budget 2024 Speech LIVE: Customs duty on gold and silver will also be reduced, how much benefit
Budget 2024 Speech LIVE: The central government has made many big announcements while presenting the budget. Proposed to reduce customs duty on gold and silver to six percent, on platinum to 6.5 percent. Two percent tax on mutual funds and UTI was withdrawn. The government also proposed to reduce BCD on mobile phones and mobile PCBs and mobile chargers to 15 percent.
Budget 2024 Speech LIVE: Mobile phones and these medicines are going to get cheaper
Budget 2024 Speech LIVE: Union Finance Minister Nirmala Sitharaman has announced exemption from customs on 3 more medicines for cancer patients. Also, the government has proposed to reduce the basic customs duty on mobile phones, chargers by 15 percent in the case of mobile phones and related parts.
Budget 2024 Speech LIVE: Government will start NPS Vatsalya
Budget 2024 Speech LIVE: The NDA government led by Prime Minister Narendra Modi has talked about NPS Vatsalya. Union Finance Minister Nirmala Sitharaman said while presenting the budget on Tuesday that this scheme will be started, under which parents or guardians can contribute for minors. When they become adults, it can be converted into a regular NPS account.
Budget 2024 Speech LIVE: Center to set up 100 branches of India Post Payments Bank in Northeast
Budget 2024 Speech LIVE: The government on Tuesday announced that it will set up 100 branches of India Post Payments Bank (IPPB) in the northeastern states of the country. Finance Minister Nirmala Sitharaman announced this in the Union Budget for the current financial year 2024-25. IPPB currently has crores of accounts and is operated through lakhs of branches.
Budget 2024 Speech LIVE: Loan limit under Mudra scheme will be doubled to Rs 20 lakh
Budget 2024 Speech LIVE: Finance Minister Nirmala Sitharaman said on Tuesday that the loan limit under Mudra scheme will be doubled to Rs 20 lakh. Presenting the 2024-25 budget in the Lok Sabha, she said that the government will launch a scheme to provide ‘internship’ opportunities to one crore youth in the top 500 companies in the next five years. The Finance Minister said that apart from this, the central government will also promote industrial parks ready for investment in 100 cities.
Budget 2024 Speech LIVE: Rs 11.11 lakh crore allocated for capital expenditure
Budget 2024 Speech LIVE: The government has made a big announcement for infrastructure. Union Finance Minister Nirmala Sitharaman said that Rs 11.11 lakh crore has been allocated for capital expenditure. The special thing is that this will be 3.4 percent of India’s GDP.
Budget 2024 Speech LIVE: Government announces nine priorities in the budget
Budget 2024 Speech LIVE: Finance Minister Nirmala Sitharaman on Tuesday announced nine priorities in the Union Budget 2024-25 to generate ample opportunities in the economy. These nine priorities include productivity, employment, social justice, urban development, energy security, infrastructure, innovation and reforms. Presenting her seventh consecutive budget, Sitharaman said that the government is conducting a comprehensive research review to develop climate-friendly seeds. She said that one crore farmers will turn to natural farming in the next two years.
Budget 2024 Speech LIVE: Government will launch Purvodaya scheme, these states will benefit
Budget 2024 Speech LIVE: The Center will also bring ‘Purvodaya’ scheme for the all-round development of Bihar, Jharkhand, West Bengal, Odisha and Andhra Pradesh. On Tuesday, Union Finance Minister Nirmala Sitharaman said that the government will support the industrial corridor for development in the eastern region.
Budget 2024 Speech LIVE: New internship scheme announced, 1 crore youth will benefit
Budget 2024 Speech LIVE: Union Finance Minister Nirmala Sitharaman has announced a new internship scheme. It is being said that 1 crore youth are expected to benefit from this. The government says that in 5 years, 1 crore youth will get an internship opportunity in 500 top companies. During this, Rs 5000 will be given every month. The special thing is that the youth will be able to gain experience through this for employment opportunities.
Budget 2024 Speech LIVE: Government’s gift for Bihar, new airports to be built
Budget 2024 Speech LIVE: The central government has given a big gift to Bihar in Budget 2024. On Tuesday, Union Finance Minister Nirmala Sitharaman has announced new airports, medical facilities and sports infrastructure in Bihar. Also, Rs 26 thousand crore has been allocated for highways in the state.
Budget 2024 Speech LIVE: 3 crore more houses to be built under PM Awas Yojana
Budget 2024 Speech LIVE: While presenting the budget on Tuesday, the government has also made a big announcement regarding the Pradhan Mantri Awas Yojana. Union Finance Minister Nirmala Sitharaman says that 3 crore additional houses will be built under the PM Awas Yojana. This scheme is for both rural and urban areas.
Budget 2024 Speech LIVE: Government will give education loan of Rs 10 lakh, benefit to these students
Budget 2024 Speech LIVE: For the youth who are not able to take advantage of any government schemes, the government has announced a loan of Rs 10 lakh for higher education. This assistance will be given especially to those students who are not able to take advantage of any government scheme. For this, one lakh students will be given e-vouchers every year.
Budget 2024 Speech LIVE: Nirmala Sitharaman announced 5 schemes
Budget 2024 Speech LIVE: Union Finance Minister Nirmala Sitharaman has announced the Prime Minister’s package for five schemes. Their aim is to strengthen employment and training. For this, the government has allocated Rs 2 lakh crore. The special thing is that this year a provision of Rs 1.54 lakh crore has been made for education, employment and training.
Budget 2024 Speech LIVE: PMGKAY extended for 5 years
Budget 2024 Speech LIVE: Union Finance Minister Nirmala Sitharaman has specifically mentioned women and farmers at the beginning of the budget. Also, the government has announced to extend the Pradhan Mantri Garib Kalyan Yojana i.e. PMGKAY for 5 years.
