Tuesday, July 23, 2024

Budget 2024 LIVE Updates

Interim Budget 2024 Highlights

Finance Minister Nirmala Sitharaman in recent times supplied the Interim Budget 2024 which makes a speciality of key regions like finance, agriculture, infrastructure and welfare programmes. The important subjects are:

  • Priority Areas: Seetharaman pressured that the government’s pinnacle priorities are the horrific, youngsters, girls and farmers.
  • Housing Scheme: Two lakh new homes may be built underneath the Prime Minister’s Housing Scheme.
  • Economic success: The finance minister highlighted the economic achievements of the Modi government.
  • Infrastructure spending: India will spend 11.1% greater on infrastructure, specializing in railway upgrades and aviation enhancements.
  • Agricultural coverage: Expand the Fisheries Resource Plan to growth aquaculture productivity, with the goal of doubling seafood exports.
  • Secure Technologies: A new initiative is being released to reinforce deep technology for safety capabilities and offer self-sufficiency.
  • Middle-elegance housing: One software will assist center-magnificence residents of rented houses, rural areas, or disenfranchised colonies buy or assemble their very very own houses.
  • Research and Development: A corpus of Rs 100,000 crore could be created to inspire private sector funding in research and development in sunrise regions.
  • Health coverage: Under the Ayushman Bharat scheme, fitness insurance may be extended to all ASHAs and anganwadi workers and assistants.
  • Empowering Women: A kind of strategies have been implemented to empower ladies via employment and education, which encompass growing enrollment in secondary education and STEM courses
  • Energy safety: Energy safety features encompass rooftop solar panels a good manner to offer three hundred units of loose strength to 10 million households consistent with month.
  • Global Affairs: Sitharaman stated the evolving complexity of global affairs and emphasised India’s willpower to a advanced and inclusive destiny.
  • Vision for India: The authorities objectives to transform India into ‘Viksit Bharat’ by the use of 2047, focusing on complete improvement for all.
  • Fiscal Management: The authorities is reining in monetary deficit, with a revised estimate at five.8% of GDP for FY 23-24.
  • Tax Reforms: Tax receipts for FY 24-25 are predicted at Rs 26.02 trillion, with measures to deepen and widen the tax base.
  • Environmental Goals: Detailed plans were mentioned to attain the Indian authorities’s 2070 Net Zero aim, which incorporates investment for renewable power and biofuel growth.
  • Social Welfare: Various schemes and projects goal inclusive improvement, healthcare, training, and financial empowerment, aiming to move away no person in the lower back of.

Also Read: Union Budget of India 2023: Key Highlights

Overall, the Interim Budget 2024 demonstrates the authorities’ commitment to sustainable development, financial growth, and social welfare across a wide range of sectors.


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