February 1, 2024 09:54 AM
Parliament Budget Session Live: Government kept inflation under control despite global crisis
President Droupadi Murmu said, “In the past years, the world witnessed two major wars and faced a pandemic like Corona. Despite such global crises, my government kept inflation under control in the country and did not let the burden on common Indians increase.”
February 1, 2024 04:15 AM
Budget 2024 Expectations Live: Ahead of the interim budget 2024, PM Modi said
February 1, 2024 04:05 AM
Budget 2024 Live: Mobile phone parts witnessed a cut in import duty
February 1, 2024 10:00 AM
Budget 2024 Live: Finance Minister Nirmala Sitaraman is Set to Present Interim Budget
The Union Finance Minister is ready to release the interim budget for FY 2024-2025. The interim budget is likely to provide the government’s estimates for expenditure, revenue, fiscal deficit, financial performance, and projections for the upcoming months. The new government will present the full budget for the year after the general election scheduled for the year.
February 1, 2024 09:45 AM
Budget 2024 Live Updates: Angel One LIVE coverage begins!
Welcome to Angel One’s live coverage of the Union Budget 2024. Our team will bring you instant coverage of the Finance Minister’s budget speech. Get the most recent information on budget right here.
February 1, 2024 09:50 AM
Budget 2024 LIVE Updates: The centre to balance between capital expenditure and fiscal discipline
The government is likely to expand the capital expenditure target while maintaining its focus on fiscal prudence. The Finance Minister is likely to allot a record ₹11 lakh crore for capital expenditure for 2024-25. The allocation is expected to grow at a rate that is much slower annually than it has in previous years.
February 1, 2024 10:00 AM
Budget 2024 LIVE Updates: The government to continue pushing self-reliance in defense sector
Experts anticipate a growth in investments for the defence sector, and the government may plan to increase capex spending in FY25. In an effort to encourage independence and lessen reliance on imports, the government reserved almost 68% of the FY23–24 Budget for the defense sector.
February 1, 2024 10:28 AM
Budget 2024 LIVE Updates: Power sector to witness a boost from FM
Given that the government prioritises expanding renewable energy, the power industry is expected to receive more attention in the interim budget. The market experts anticipate a higher capex outlay to be announced for renewable energy, incentives for green initiatives, and production-linked incentives (PLIs) for solar module manufacturing.
February 1, 2024 10:27 AM
Budget 2024 LIVE Updates: The Government to Focus on Growing Railway Capex
Compared to the 2013 allocation, the Ministry of Railways received a nearly nine-fold increase in capital expenditures in the Union Budget 2023–2024. Experts seek this trend to continue in 2024 with expectations of higher allocations and ongoing investments in safety improvements, equipment replacement, and large-scale projects like the bullet train.
February 1, 2024 10:28 AM
Budget 2024 LIVE Updates: SME Businesses Anticipate Relief on GST
In order to facilitate business dealings, the Union Budget may include modifications to the GST rates on insurance products, input tax credits, and minimum thresholds.
February 1, 2024 10:29 AM
Budget 2024 LIVE Updates: SME Businesses Anticipate Relief on GST
In order to facilitate business dealings, the Union Budget may include modifications to the GST rates on insurance products, input tax credits, and minimum thresholds.
February 1, 2024 10:31 AM
Budget 2024 LIVE Updates: Retailers seek focused measures to boost consumption
Retailers Association of India (RAI) said: “The budget must prioritise growth-oriented measures to stimulate demand and consumption. The budget should outline supportive policies, simplified regulations, focus on skill development, and simplify goods and services tax (GST) norms to aid in developing the retail industry.”
February 1, 2024 10:33 AM
Budget 2024 LIVE Updates: The healthcare industry expects to focus on tax reform R&D
The Indian healthcare sector is expecting fresh steps to cement its global reputation as the pharmaceutical powerhouse and a renewed focus on regional healthcare. The Indian Pharmaceutical Alliance, an association of major Indian pharma manufacturers, has proposed that the 2024 Budget should accelerate the pace of life-sciences innovation & R&D.
February 1, 2024 10:33 AM
Budget 2024 Live: Edtechs anticipates tax incentives, digital infra boost, ESOP focus
The Edtech industry expects fiscal policies that could shape the future of digital education. Edtech companies are optimistic that tax incentives and benefits may be announced in the interim budget.
February 1, 2024 10:35 AM
Budget 2024 LIVE Updates: The Finance Minister showcases 'bahi khata', to make her speech shortly
FM Nirmala Sitharaman will release her sixth Budget and the last one for the second term of the Modi government.
February 1, 2024 10:37 AM
Budget 2024 LIVE: Interim Budget copies arrive in Parliament
Interim Budget copies have arrived in Parliament, FM is to present her sixth straight budget today.
February 1, 2024 10:39 AM
Budget 2024 LIVE: FM Sitharaman reached Parliament
Nirmala Sitharaman arrived at parliament carrying the Budget tablet, to present the interim Budget.
February 1, 2024 10:41 AM
Budget 2024 LIVE: India Organisations Seeking a Consumption boost
In order to reduce inflation in the election economy, Indian corporates anticipate that the RBI will keep rates steady till the middle of the year. In the first half of 2024, there is a likelihood of persistently high food inflation, which might impact the central bank’s stance on repo rates, barring favourable adjustments in the supply chain.
February 1, 2024 10:43 AM
Budget 2024 LIVE: FM Nirmala Sitharaman meets President
Before presenting the budget, Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman along with Ministers of State Dr Bhagwat Kishanrao Karad and Shri Pankaj Chaudhary and senior officials of the Ministry of Finance met President Droupadi Murmu at Rashtrapati Bhavan.
February 1, 2024 10:45 AM
Budget 2024 LIVE Updates: The space tech industry expects GST exemption to satellite launch vehicles
The government is being urged by the space tech industry to extend the GST exemption to manufacturing of launch vehicles, satellites, and base equipment.
February 1, 2024 10:45 AM
Budget 2024 LIVE: CII's wish list includes increasing capex, rationalizing GST, and expanding PLI.
Confederation of Indian Industry (CII) suggestions for the next Interim Budget 2024 include increasing capital expenditure, expediting the divestiture process, and broadening the PLI scheme.
February 1, 2024 10:47 AM
Budget 2024 LIVE Updates: Hospitality sector seeks industry status and reduction in GST rates
Hospitality sector is expecting a transformative Budget for 2024-25 after the FY 2023-24 Budget proved instrumental in reviving the hospitality industry and providing a lifeline during challenging times due to the COVID-19 impact.
February 1, 2024 10:49 AM
Budget 2024 LIVE Updates: Increased allocation for National Digital Library Mission
Increased funding for the National Digital Library Mission—which was established to meet the e-learning requirements of students across the board—is probably in store for the Interim Budget 2024–2025.
February 1, 2024 10:50 AM
Budget 2024 LIVE Updates: The real estate sector seeks home loan interest sops
Real estate players are hopeful that the vote-on Budget will address some of their demands, which include raising the maximum amount of interest that may be deducted from house loans, changing the definition of affordable housing, and giving the sector industry status.
February 1, 2024 10:52 AM
Budget 2024 LIVE Updates: FM to focus on slashing urea import bill by one-third in FY25
A government official said: The Finance Ministry expects the urea import bill to substantially reduce by one-third to ₹ 21,000 crore in 2024-25 owing to the Centre’s push for the use of nano urea, urea gold, etc., which will help contain the total fertiliser subsidy next year, In the current fiscal year, the urea import bill is likely to touch ₹31,000 crore.
February 1, 2024 10:54 AM
Budget 2024 LIVE Updates: What to expect on major subsidy schemes
Due to the growth of the Center’s free food programme and increased support under the Pradhan Mantri Ujjwala Yojana (PMUY), the government’s subsidy bill is probably going to increase in the upcoming Union Budget for the financial year 2024–2025.
February 1, 2024 10:56 AM
Budget 2024 LIVE Updates: MGNREGA allocation to see a rise
The MGNREGA budget allocation for 2022–2023 was drastically reduced by 33% to ₹60,000 crore from the revised estimate of ₹89,400 crore. Government data indicates that the current fiscal year has seen a sharp increase in demand for MGNREGA, perhaps as a result of the monsoon’s unpredictability and the shortage of urban jobs.
February 1, 2024 10:58 AM
Budget 2024 LIVE Updates: Interim Budget to offer increased subsidies under PM Suryoday Yojna
The upcoming Interim Budget is likely to include a budget allocation for the recently introduced rooftop solar scheme for households, known as the Pradhan Mantri Suryoday Yojna. It is expected that the budget will unveil enhanced subsidies as part of the scheme.
February 1, 2024 11:01 AM
Budget 2024 LIVE Updates: Allocation to increase in PM Kisan and Nari Shakti schemes
KV Subramaniam, IMF Executive Director: The government will build on the previous year’s progress since the economy is at a good position of 7.3%. The government may increase allocation in PM Kisan from ₹6,000 to ₹8,000 (per farmer) and enhance Nari Shakti schemes in this interim budget.
February 1, 2024 11:05 AM
Budget 2024 LIVE Updates: Make in India may get a boost with minimal changes
Tax experts expect the possibility of few changes and anticipate that the emphasis will be on facilitating corporate transactions and supporting the “Make in India” campaign.
February 1, 2024 11:10 AM
Budget 2024 LIVE Updates: National Digital Library for Children & Adolescents
The government is planning to establish a National Digital Library for Children & Adolescents – Books, physical library, and providing infrastructure for physical library to states (encouraged) – age-appropriate reading material to the library.
February 1, 2024 11:13 AM
Budget 2024 LIVE Updates: Nirmala Sitharaman: Laud PM’s Previous Tenure
PM’s structural reforms were undertaken. The government handled the COVID-19 crisis – focused on Atmanirbhar Bharat, the foundation of Amrit Kaal. The 2nd tenure of PM targeted every individual for household, bank, and electricity.
February 1, 2024 11:16 AM
Budget 2024 LIVE Updates: FM says the Government has overcome several challenges in last 10 years
The Indian Economy has witnessed profound positive transformation in the last 10 years. FM says, “When our govt. took office, the country was facing enormous challenges. We have overcome them. The economy got a new vigor and the fruits of development reached people at scale”.
February 1, 2024 11:20 AM
Budget 2024 LIVE Updates: FM: Expect that our govt. will be blessed with a resounding mandate
The Finance Minister speaks on the themes of Sabka Saath, Sabka Vikaas, and Atmanirbhar Bharat. She says, “We expect that our govt., based on its stupendous work, will be blessed with a resounding mandate.”
February 1, 2024 11:24 AM
Budget 2024 LIVE Updates: Focus on reducing corruption, preventing nepotism and more transparency
The government will focus on a saturation approach of covering – reducing corruption, preventing nepotism, more transparency and assurance, fair distribution of resources, access to opportunities, and addressing system inequalities.
February 1, 2024 11:28 AM
Budget 2024 LIVE Updates: FM Sitharaman: Touched on inclusive development and growth programmes
The government’s development programs in the last 10 years have targeted each and every individual through schemes relating to free rations, bank accounts for all, and drinking water for all, in record time. This has strengthened real income in the rural areas.
February 1, 2024 11:30 AM
Budget 2024 LIVE Updates: FM Sitharaman Said: Our young country has high aspirations
FM Sitharaman: Our young country has high aspirations, pride in its present, and hope in the future. Our young country has pride in its presence and hope and confidence in the future. The worries about food have been eliminated through free ration for 80 crore people.
February 1, 2024 11:32 AM
Budget 2024 LIVE Updates: FM Sitharaman: Garib Kalyan, Desh ka Kalyan
February 1, 2024 11:35 AM
Budget 2024 LIVE Updates: FM Sitharaman: Focused on farmers in prior years
Direct development of 4 crore farms through crop assistance provided ₹3 lakh crore to 1.8 crores farmers.
February 1, 2024 11:38 AM
Budget 2024 LIVE Updates: Focus on Desh Ka Yuva: FM
The government focused on desh ka yuva through national policy 2020, quality teaching under the PM plan. Skill India added 1.4 lakh youth. Focused on education via 3000 ITIs, 7 IITs, 16 IIITs, 15 AIMs, and 390 universities, PM Mudra Yojna sanctioned loans for more than ₹4 crore. The country received over 80 chess grandmasters.
February 1, 2024 11:41 AM
Budget 2024 LIVE Updates: Focused on Nari Shakti
The government focused on mudra yojna and supported 30 crores of women entrepreneurs. The government reserved ⅓ seats in Lok Sabha to Women. PM Awas yojna focused on 70% of houses in rural areas.
February 1, 2024 11:45 AM
Budget 2024 LIVE Updates: Under PM Fasal Bima Yojana, crop insurance given to 4 crore farmers
The government has provided crop insurance to 4 crore farmers under the PM Fasal Bima Yojana. This helped the annadata in producing food for the country and the world. 1361 mandis integrated with 3 lakh crore trading volume: FM said
February 1, 2024 11:48 AM
Budget 2024 LIVE Updates: FM Sitharaman: Freedom from poverty
Government focuses on – poor, women, youth, and the farmers. In the last 10 years, 25 crore people got freedom from multidimensional poverty: says FM
February 1, 2024 11:50 AM
Budget 2024 LIVE Updates: Focus on digital infrastructure
The government focused dIgital public infrastructure, which has been instrumental in the formalization of the economy. PM Modi government focused on GST and tax reforms for strengthening the financial sector, which has helped in making savings and investments more efficient.
February 1, 2024 11:55 AM
Budget 2024 LIVE Updates: FM Says: The economy is doing well
Average Real income has risen by 50%, and inflation is moderate. People are getting empowered, and enabled to pursue their aspirations, says FM Sitharaman.
February 1, 2024 11:58 AM
Budget 2024 LIVE Updates: FM Says: Digital, social, physical infrastructure are being built in time
FM Says “All forms of infrastructure – digital, social, physical – are being built in record time,” Sitharaman said. Empowerment of women has gained momentum with 30 crore Mudra Yojana loans, she added. Around 70% of houses in rural areas under PM Awas Yojana are given to women as single or joint owners, Sitharaman pointed out.
February 1, 2024 12:01 PM
Budget 2024 LIVE Updates: FM Delivered a new GDP
FM Says: The government is focussed on GDP. In her budget speech ahead of the upcoming general election where the Narendra Modi administration is set to seek a third straight term. GDP (also called national income) is conventionally defined as gross domestic product. It is the sum total of all output in India. India’s real GDP clocked a growth of 7.7% between April and Sept 2023), which is the highest among the major economies.
February 1, 2024 12:03 PM
Budget 2024 LIVE Updates: Vision for Viksit Bharat: Sitharaman
Ms Sitharaman presents a vision for “Viksit Bharat” (Developed India) Our vision for Viksit Bharat, is that of prosperous Bharat, in harmony with nature, with modern infra and proving opportunities for all citizens.
FM Says: The next five years will be years of unprecedented development, and golden moments to realise the dream of developed India by 2047.
FM Says: Trinity of Democracy, Demography and Diversity, has the potential to fulfil the aspiration of every Indian.
February 1, 2024 12:05 PM
Budget 2024 LIVE Updates: FM Says: 'New world order emerging after Covid'
FM says: “A new world order is emerging after the Covid pandemic India assumed the G20 Presidency during very difficult times for the world. The pandemic has led to a crisis of food, fertiliser, food, and finances for the world while India successfully navigated its way, she added.
February 1, 2024 12:07 PM
Budget 2024 LIVE Updates: Focus on housing schemes and rooftop solarisation
The government is close to achieving the target of 3 crore houses and planning over 2 crore houses in the next 5 years. FM says: Rooftop solarisation and free electricity bill up to 300 units.
February 1, 2024 12:09 PM
Budget 2024 LIVE Updates: FM: India-Middle East-Europe corridor a game changer for India & others
FM said: The India-Middle East-Europe trade corridor, announced during the G20 Summit last year, will be a game-changer for India and the rest of the world. “Our vision for Viksit Bharat is one of prosperity in harmony with nature and providing opportunity to all to reach their potential,” she added.
February 1, 2024 12:11 PM
Budget 2024 LIVE Updates: Rupee witnessed growth as FM presents Interim Budget
The Indian rupee grew 7 paise to 82.9725 against the US dollar on February 1 after Finance Minister Nirmala Sitharaman began her interim budget speech.
February 1, 2024 12:13 PM
Budget 2024 LIVE Updates: FM Says Housing for the middle class, government to launch a scheme
The government is planning to launch a scheme for providing houses to the middle class
February 1, 2024 12:15 PM
Budget 2024 LIVE Updates: FM Said: WIll encourage vaccination for cervical cancer
The government to focus on various schemes for maternal and child health care. The government to seek upgradation of Anganwadi centres.
February 1, 2024 12:18 PM
Budget 2024 LIVE Updates: Strategy for Amrit Kaal
February 1, 2024 12:21 PM
Budget 2024 LIVE Updates: Union Finance Minister outlines strategy for Amrit Kaal
The Finance Minister continues outlining the government’s strategy for Amrit Kaal, speaking on the following areas:
February 1, 2024 12:25 PM
Budget 2024 LIVE Updates: Next 5 years of unprecedented development
The next 5 years will be of unprecedented development, aiming to become a developed country by 2047, FM Sitharaman said. She emphasised PM’s words that there is no dearth of opportunity, adding that the “trinity of democracy, demography and diversity can fulfil aspirations of every Indian”.
February 1, 2024 12:28 PM
Budget 2024 LIVE Updates: Green Energy
Harnessing shore-wind energy potential through viability gap funding
Set up Coal gasification and liquefaction capacity of 100 metric tons by 2030. Phased and mandatory implementation of blending compressed biogas with compressed natural gas for transportation and piped natural gas for domestic use.
February 1, 2024 12:31 PM
Budget 2024 LIVE Updates: FY 2025 capex target at ₹11.1 lakh crore, up 11.1%
FM Sitharaman said that the capital expenditure target of FY 2025 has been set at ₹11.1 lakh crore, up by 11.1%
February 1, 2024 12:33 PM
Budget 2024 LIVE Updates: Extension of Ayushman Bharat to all ASHA and Anganwadi workers
FM announced the extension of the Ayushman Bharat scheme will be extended to all ASHA and Anganwadi workers and helpers.
February 1, 2024 12:35 PM
Budget 2024 LIVE Updates: Budget estimates for 2024-25
February 1, 2024 12:37 PM
Budget 2024 LIVE Updates: Government to support EV manufacturing and charging infrastructure
The EV ecosystem will be expanded and strengthened by supporting manufacturing and charging infrastructure. A new scheme of bio-manufacturing will be launched to promote green growth.
February 1, 2024 12:40 PM
Budget 2024 Live Updates: All about tax provisions
For FY 2024-25, the tax receipts are estimated at ₹26.02 lakh crore. FM Sitharaman also pointed out that the average processing time of tax returns has been reduced to 10 days this year.
“I do not propose any changes in tax rates in direct and indirect taxes including import duties,” FM Sitharaman said. She further added, “However, certain tax exemptions for startups and IFSC units are expiring on March 31, 2023. To provide continuity in taxation, I propose to extend these till March 31, 2025.”
As per the new tax scheme, there is now no liability for those earning upto ₹7 lakh a year. Additionally, the threshold for presumptive taxation for retails businesses was increased to ₹3 crores from ₹2 crores.
February 1, 2024 12:43 PM
Budget 2024 LIVE Updates: New Railway Corridors
February 1, 2024 12:47 PM
Budget 2024 LIVE Updates: Focus on Domestic Tourism
FM: The success of G20 events organised across 60 cities has helped India. Our middle class also now aspires to travel more. Tourism, including spiritual tourism, is booming, and States will be encouraged to develop tourism centres and market them globally. States will be provided long-term interest-free loans on a matching basis to develop such tourism centres.
February 1, 2024 12:50 PM
Budget 2024 LIVE Updates: Focus on encouraging foreign investment – FDI (First Development India)
FM: The FDI inflow from 2014-23 was 596 billion USD, marking a golden era. She added: we are negotiating bilateral treaties with the spirit of ‘First, Develop India’.
February 1, 2024 12:53 PM
Budget 2024 LIVE Updates: The number of airports doubled to 149 in the last 10 years
FM: The government has strengthened the aviation sector over the last 10 years, and as a result, the number of airports doubled to 149 in the last decade.
February 1, 2024 12:55 PM
Budget 2024 LIVE Updates: FM said the FY24 fiscal deficit was revised down to 5.8% of GDP
February 1, 2024 12:58 PM
Budget 2024 LIVE Updates: GST tax base doubled, says FM
Tax base of GST has doubled, said FM Sitharaman, she also added that the average GST monthly collection has almost doubled to ₹1.66 lakh crore this year.
February 1, 2024 01:00 PM
Budget 2024 LIVE Updates: Improve taxpayer services
FM proposed to withdraw a large number of petty or disputed tax demands up to ₹25,000 pertaining to years up to 2009-10 and ₹10,000 for the period from 2010 to 2015. This will help 1 crore taxpayers.
February 1, 2024 01:03 PM
Budget 2024 LIVE Updates: FM said: Tax receipts estimated at ₹26.02 lakh crore in FY25
For FY2024-25, the tax receipts are estimated at ₹26.02 lakh crore. The finance minister also pointed out that the average processing time of tax returns was reduced to 10 days this year.
February 1, 2024 01:05 PM
Budget 2024 LIVE Updates: Benefits for startups
The start-up tax incentive will last until March 31, 2025. Sovereign wealth funds and pension funds will receive an additional year of tax-free investments. There are certain lingering direct tax requests that the government will remove.
February 1, 2024 01:07 PM
Budget 2024 LIVE Updates: Budget Speech Concluded
FM Nirmala Sitharam concluded her interim budget speech, which ran for almost an hour.
February 1, 2024 01:10 PM
Key takeaways from Interim Budget 2024
February 1, 2024 04:00 PM
Interim Budget 2024-25 Outline
Finance Minister Nirmala Sitharaman presented the interim Union Budget 2024-25, outlining priorities in key sectors and tax regulations. The complete budget is slated for July 2024 post-elections. Click here to delve into the specifics of Budget 2024-25.
February 1, 2024 05:00 PM
Budget 2024 updates: Good news for the agriculture sector
The Interim Budget 2024 brought good news for the agriculture sector in the form of initiatives aimed at boosting farmers’ income, promoting value addition, and enhancing overall growth. Here’s a breakdown of the key announcements:
Continue to read other initiatives here: Boost for Farmers in Budget 2024
July 19, 2024 04:23 PM
Budget 2024 Expectations for Taxpayers
Budget 2024 Expectations: Relief for Taxpayers, Boost for Employment and Insurance.
Know more: Relief for Taxpayers
July 19, 2024 06:34 PM
Focus on Railway Sector – PLI scheme
Examine the government’s budgetary focus on the railway sector, along with key stocks investors should monitor for potential opportunities.
Know more: Budget Focus on Railways
July 23, 2024 09:50 AM
Budget Expectations
Budget 2024 Speech Live
July 23, 2024 10:10 AM
Budget 2024: Stock Market Tuned Cautious Ahead of Budget
Nifty 50 and Sensex were down 0.17% and 0.13% respectively.
Nifty PSU dropped 0.17% to 7,309
July 23, 2024 10:39 AM
Budget 2024: Approval of Cabinet
The Union Budget 2024 will be approved by the Cabinet, headed by Prime Minister Narendra Modi before being presented in Parliament.
July 23, 2024 10:53 AM
Budget 2024: PM Modi Arrived in Parliament
Prior to the release of the FY25 Union Budget, Prime Minister Narendra Modi has arrived in Parliament.
July 23, 2024 10:57 AM
Union Budget 2024: Live Coverage
The eagerly awaited Union Budget 2024 will be presented by the Government of India on July 23, 2024. Anticipation runs high among the common man, middle class, and salaried individuals who are hopeful for income tax relief under Finance Minister Nirmala Sitharaman’s stewardship. Experts foresee a Budget that will prioritise infrastructure development and social welfare initiatives. The parliamentary Budget Session, which commenced on July 22, will last for 22 days and end on August 12.
In the interim budget 2024-25, the finance minister emphasised uplifting the poor, women, youth, and farmers. The government aided 25 crore people out of poverty in 10 years. PM-KISAN supported 11.8 crore farmers, and 30 crore Mudra loans were given to women entrepreneurs. Capital expenditure for infrastructure will rise to ₹11.11 lakh crore. 149 airports are operational, and 517 new routes have been added. FDI inflows doubled to $596 billion (2014-23). The fiscal deficit is estimated at 5.1% of GDP. Tax rates are unchanged. GST collections averaged ₹1.66 lakh crore monthly.
July 23, 2024 10:58 AM
Budget 2024: Cabinet Approved Budget 2024
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the full budget for 2024-25
July 23, 2024 11:08 AM
Budget 2024: Finance Minister Nirmala Sitharaman Commenced Budget presentation
The Parliament session has started, and Finance Minister Nirmala Sitharaman is set to deliver her Budget speech in the Lok Sabha.
July 23, 2024 11:05 AM
Budget 2024: FM Brief on Indian Economy
The Indian economy is shining across the world. The Finance Minister mentioned that the inflation rate is stable, nearing the current target of 4%.
July 23, 2024 11:10 AM
Budget 2024: Budget Theme
Finance Minister Nirmala Sitharaman has announced that this year’s budget will focus on 5 key factors: employment, skilling, MSMEs, and the middle class.
July 23, 2024 11:13 AM
Budget 2024: Provision for Education and Skill Development
The Finance Minister announced a provision of ₹4.8 lakh crore for education and skill development.
July 23, 2024 11:15 AM
Budget 2024 FM Announces Budget Priorities
July 23, 2024 11:17 AM
Budget 2024 FM Announced Funds for Research and Launches Kisan Card
FM announced a ₹10,000-crore allocation for establishing a Bio Research Centre in the Budget 2024.
Additionally, a new Kisan Card initiative will be launched in five states.
July 23, 2024 11:20 AM
Budget 2024: ₹1.52 lakh crore for agri, allied sectors
FM announced ₹1.52 lakh crore for agriculture and allied sectors.
July 23, 2024 11:23 AM
Budget 2024: FM Sitharaman Emphasised on Crop Varieties
Finance Minister Nirmala Sitharaman announced the release of 109 new high-yielding and climate-resilient varieties of 32 field and horticulture crops for farmers. Over the next 2 years, 1 crore farmers will be introduced to natural farming, with support for certification and branding.
July 23, 2024 11:26 AM
Budget 2024: New central scheme: 20 lakh youth will be skilled over a 5-year period
FM Sitharaman announced that 20 lakh youth will be skilled over a 5-year period under a new central scheme.
July 23, 2024 11:28 AM
Budget 2024: FM Says, Focus on 4 Sectors of Society
The FM emphasised 4 key demographics: the underprivileged, women, youth, and farmers, as outlined in the interim Budget. For farmers, the government has implemented higher Minimum Support Prices for all major crops, ensuring at least a 50% profit margin over costs. Additionally, the PM Garib Kalyan Anna Yojana has been extended for another 5 years, benefitting over 80 crore people.
July 23, 2024 11:30 AM
Budget 2024: Package of Employment and Skilling
The Finance Minister has introduced a Prime Minister’s package comprising 5 schemes aimed at boosting employment and skill development. The Modi 3.0 government has dedicated ₹2 lakh crore towards education, job creation, and skills training initiatives.
July 23, 2024 11:33 AM
Budget 2024: FM Sitharaman on Education Loans
The Finance Minister revealed that the government will extend financial assistance for education loans up to ₹10 lakhs, aimed at supporting students pursuing higher education within India.
July 23, 2024 11:36 AM
Budget 2024: FM Announced Support to Bihar and Andhra Pradesh
The Finance Minister has announced the establishment of new airports and educational institutions in Bihar, along with a special financial aid package of ₹15,000 crore for Andhra Pradesh.
July 23, 2024 11:38 AM
Budget 2024: FM Sitharaman on Employment Schemes
The Finance Minister announced the implementation of 3 new schemes aimed at providing employment-linked incentives. These initiatives, part of the Prime Minister’s package, will leverage EPFO enrollments. They focus on recognising first-time employees and offering support to both employees and employers.
July 23, 2024 11:42 AM
Budget 2024: Support to Power
FM announced setting up power plants worth ₹21,400 crore.
July 23, 2024 11:45 AM
Budget 2024: New Skill Development Initiative for 20 Lakh Youth
The FM announces a new centrally sponsored program to train 20 lakh youth over five years. Around 1,000 ITIs will be upgraded using a hub-and-spoke model, with course content tailored to industry needs and emerging sectors.
July 23, 2024 11:48 AM
Budget 2024: Model Skill Loan Scheme Revised, 25,000 Students to Benefit
Union Budget 2024-25 proposes revising the Model Skill Loan Scheme to aid 25,000 students annually. E-vouchers for loans up to ₹10 lakh for higher education in domestic institutions will be provided to 1 lakh students yearly, with an annual interest subvention of 3%.
July 23, 2024 11:50 AM
Budget 2024: FM Sitharaman on Direct Benefit Transfer of ₹15,000 for New Workers
The Finance Minister announces 1 month’s wage for new employees in formal sectors. The Direct Benefit Transfer, up to ₹15,000, will be given in 3 installments to first-time employees registered in EPFO, with eligibility for salaries up to ₹1 lakh per month. This scheme will benefit 210 lakh youth.
July 23, 2024 11:51 AM
Budget 2024: Increased Support to MSME
MSME Mudra loan increased to ₹20 lakh crore from ₹10 lakh crore.
July 23, 2024 11:53 AM
Budget 2024 FM Sitharaman on the Industrial Corridor in Bihar
The FM announced support for an industrial node at Gaya, Bihar, on the Amritsar-Kolkata corridor, boosting the eastern region’s development. Road connectivity projects include the Patna-Purnea expressway, Buxar-Bhagalpur highway, Bodhgaya-Rajgir-Vaishali-Darbhanga, and a new 2-lane bridge over the Ganga in Buxar, with a total investment of ₹26,000 crore.
July 23, 2024 11:55 AM
Budget 2024: Internship Opportunities to 1 crore Youth in Top 500 Companies
FM Sitharaman announced that 1 crore youth will receive internships at top 500 companies, with a ₹5,000 monthly allowance and a ₹6,000 one-time assistance.
July 23, 2024 11:56 AM
Budget 2024: Modi 3.0 to Focus on Improving Women's Participation in the Workforce
The FM announced efforts to boost women’s workforce participation by setting up hostels and organising women-specific skilling programs through partnerships.
July 23, 2024 11:59 AM
Budget 2024: FM Announces Financial Assistance to Bihar
The Union government will provide financial assistance to Bihar through multilateral development agencies: FM.
Govt proposes ₹26,000 crore for road projects in Bihar.
Plan Purvodaya to be formulated for the comprehensive development of Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh.
July 23, 2024 12:00 PM
Budget 2024: FM on Credit Guarantee Scheme for MSMEs
Finance Minister Nirmala Sitharaman announced a credit guarantee scheme to support term loans for MSMEs. The scheme will manage credit risks and provide up to ₹100 crore in self-financing guarantee cover per applicant, with the potential for larger loan amounts.
July 23, 2024 12:03 PM
Budget 2024: Union Government to Set Up Integrated Tech Platform for IBC
FM announced the establishment of an integrated tech platform for IBC. She noted that IBC has resolved over 1,000 companies, recovering ₹3.3 lakh crore for creditors. Additionally, 28,000 cases, involving more than ₹10 lakh crore, have been disposed of.
July 23, 2024 12:04 PM
Budget 2024: FM Focuses on Urban Housing
Centre to provide ₹2.2 lakh crore for urban housing, announces FM
Under PMAY Urban Housing 2.0, ₹10 lakh crore to address housing needs
Centre to aid with ₹2.2 lakh crore
Subsidised rates to be offered
States requested to reduce stamp duty for women
July 23, 2024 12:06 PM
Budget 2024: Total Budget Capex
FM Announces: Total Capex Budget Set at ₹11.11 lakh crore, ₹1.5 lakh crore Allocated to Infrastructure Sector
July 23, 2024 12:09 PM
Budget 2024: FM Reiterates Suryaghar Yojana to Install Solar Roofs
The Suryaghar Yojana has been initiated to install solar roofs, offering up to 300 units of free electricity per month, as outlined in the interim budget. A new pumped storage policy will be introduced to support the energy transition.
July 23, 2024 12:11 PM
Budget 2024: PM Gram Sadak Yojna to be Launched
Finance Minister Nirmala Sitharaman has announced the launch of Phase 4 of the PM Gram Sadak Yojana, which aims to provide all-weather connectivity to 25,000 rural households.
July 23, 2024 12:14 PM
Budget 2024: Focus on the Space Economy
Finance Minister Nirmala Sitharaman declared the establishment of a ₹1,000 crore venture capital fund dedicated to the space sector for the fiscal year 2025.
July 23, 2024 12:16 PM
Budget 2024: FM Announced Critical Mineral Mission
The Finance Minister further announced the establishment of a critical mineral mission dedicated to recycling critical minerals and pursuing overseas acquisitions. Additionally, the government plans to launch the first tranche of offshore mining blocks.
July 23, 2024 12:18 PM
Budget 2024: Infrastructure Spending as same as Interim Budget
Infrastructure spending remains at ₹11.1 trillion, 3.4% of GDP, same as the interim budget. The interest-free loan allocation for states’ infrastructure spending is now ₹1.5 trillion, urging states to increase their infrastructure investments.
July 23, 2024 12:21 PM
Budget 2024: To Provide Financial Support for Flood Management
The Finance Minister recognised Bihar’s frequent flood challenges and highlighted stalled flood control projects in Nepal. The government will allocate ₹11,500 crore for this purpose. Assam, which endures annual floods, will receive aid for flood management projects. Himachal Pradesh, severely affected by floods, will get reconstruction support through multilateral assistance. Uttarakhand, impacted by landslides and cloudbursts, will also receive necessary aid.
July 23, 2024 12:24 PM
Budget 2024 Tourism Development Support for Bihar, Odisha
Union Finance Minister emphasised the historical significance of tourism in India, proposing development initiatives to boost the sector. She announced plans to develop Vishnupath temple in Gaya and Mahabodhi temple in Bodhgaya, emulating the successful Kashi Vishwanath corridor model. A comprehensive development plan for Rajgir and Nalanda in Bihar will also be pursued. Additionally, Odisha’s tourism will be supported, focusing on its scenic beauty, temples, craftsmanship, natural landscapes, wildlife sanctuaries, and pristine beaches. This initiative aims to create jobs and unlock opportunities across various sectors.
July 23, 2024 12:27 PM
Budget 2024: FM on Customs Duty
Finance Minister Nirmala Sitharaman announced a reduction in BCD on mobile phones, PCBs, and chargers to 15%. Reduction in customs duty on gold and silver to 6%
August 9, 2024 12:13 PM
Budget 2024: Direct Tax
The Finance Minister has announced a thorough review of the Income Tax Act. Here are the key changes:
July 23, 2024 12:30 PM
Budget 2024: Angel Tax Abolished for all Taxpayers
Finance Minister Nirmala Sitharaman has announced the elimination of the Angel Tax for all taxpayer categories.
July 23, 2024 12:32 PM
Salaried Employees Under New Tax Regime
Salaried employees under the new tax regime are set to save up to ₹17,500 annually in taxes due to the changes proposed in the FY25 Budget, announced by FM Sitharaman.
July 23, 2024 12:36 PM
Markets Witnessed a Sharp Fall after FM's Budget Speech
Markets witnessed a sharp fall after FM Sitharaman’s Budget 2024 speech. Nifty 50 and Sensex fell by over 1% each.
July 23, 2024 12:39 PM
Budget 2024: Revised Tax Rate under New Tax Regime
Updated Tax Rates Under New Tax Regime
₹0 to ₹3 lakh: No tax
₹3 to ₹7 lakh: 5% tax
₹7 to ₹10 lakh: 10% tax
₹10 to ₹12 lakh: 15% tax
₹12 to ₹15 lakh: 20% tax
Above ₹15 lakh: 30% tax
July 23, 2024 12:42 PM
Budget 2024: The Limit for Filing Tax Appeals Increased to ₹60 Lakhs for ITAT
Union Finance Minister Nirmala Sitharaman says, “Monetary limit for filing tax appeals increased to ₹60 lakhs for ITAT, ₹2 crore for High Courts and₹5 crore for Supreme Court. Corporate tax rate to be reduced on foreign companies from 40 to 35%”
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