Budget 2024 Highlights

Budget Bonanza: Unveiling the Interim Budget 2024 Highlights

Check out the key announcements and updates from FM Nirmala Sitharaman's recent presentation of the interim budget! #Budget2024 #Highlights #FMNirmalaSitharaman

The recent unveiling of the Interim Budget 2024 by FM Nirmala Sitharaman has sent ripples of excitement across India. With a focus on empowering the youth, the PM Mudra Yojana has sanctioned a whopping 43 Cr loans, amounting to a staggering 22.5 Lakh Cr to boost entrepreneurial endeavors. Additionally, the budget outlines the commitment to inclusivity, aiming to transform India into a Viksit Bharat by 2047.

Amidst the budget buzz, the live updates revealed no changes in direct tax and indirect tax structures, with the FY25 fiscal deficit target kept at 5.1% of the GDP. Finance Minister Sitharaman assured the continuation of existing tax rates, providing stability and predictability for taxpayers.

As the budget unfolds, details on income tax revisions emerge, with earnings up to 7 lakh now tax-free and a doubled GST collection target. Nirmala Sitharaman's strategic fiscal plans look promising for individuals and businesses alike, fostering economic growth and stability.

In a surprising move, the Interim Budget allocates a higher outlay of ₹80670.75 crore for the PM Awas Yojana, emphasizing the government's commitment to affordable housing. The budget announcement signifies a forward-looking approach towards infrastructure development and social welfare, paving the path for a more prosperous India.