Budget 2024 Live Updates

 

The union Cabinet approved the document. Finance Minister Nirmala Sitharaman will present the document in Lok Sabha few minutes

-  Indian economy has witnessed profound transformation in the last 10 years, says Nirmala Sitharaman.

-  Social justice previously was just a slogan, but for us it is a necessary governance model.

-  We are working to make India a Vikashit Bharat by 2047.

-  Budget 2024 – FM says needs to focus poor, women, youth and farmers.

-  The government has assisted 25 cr people to get freedom from multidimensional poverty in last 10 years. positive por rural india.

-  Crop insurance has been given to 4 crore farmers under the PM Fasal Bima Yojana which leads to higher income for them.

-  34 cr Mudra Yojana loans been given to women entrepreneurs positive for consumer sector.

-  DPI, a new factor of production in 21st century, is instrumental in formalization of economy.

-  PM Kisan Samman Yojana, direct financial assistance is provided to 11.8 crore farmers - rural growth positive for auto sector.

-  India’s next five years to be of unprecedented development.

-  Government to build 2 more houses for next 5 years and Solar electricity Housing for middle class.

-  Direct Benefit Transfer of Rs 34 lakh crore using PM Jan Dhan accounts has led to huge savings for the government.

-  Women's share in higher education has risen to 28% in 10 years.

-  Government to expand Nano Dap use on corps, Plans strategy for self reliance on oil seeds. Formulates scheme for diary development, plans to double seafood exports - positive for agrochemicals.

-  Atmanirbharta for oilseeds like sesame, sunflower, mustard, and others - positive for agrochemicals.

-  1 crore households set to receive 300 units of free electricity each.

-  On the Capex front, the outlay for next year increased by 11.1% to Rs 11.11 lk cr.

-  A corpus of Rs 1 lk cr will be established with 50 yr interest-free loan tech-savvy growth.

-  Port connectivity corridor, energy, mineral and cement corridor and High traffic density corridor- positive for logistics.

-  40000 rail bogeys to converted into Vande Bharat trains - positive for railway stocks.

-  Government to add airport capacity, to expand EV ecosystems - positive for tourism sector.

-  Fiscal deficit for FY24 at 5.8% of GDP - in line with estimates.

-  Ayushman Bharat cover will be extended to all Anganwadi and Asha workers, the government is enhancing the target for Lakhpati Didi scheme to Rs 3 crore from Rs 2 crore, says finance minister while announcing Budget 2024.

-  Over the last 10 years, tax collections have more than doubled.

-  No changes in direct, indirect tax rates - beng interim it was expected.

-  FY25 total receipts pegged at Rs 38.80 lakh crore. Gross government borrowing at 14.1 lakh crore. FY25 gross market borrowing pegged at Rs 14.13 lakh crore, net borrowing at Rs 11.75 lakh crore.