Union Budget India 2024 Key Highlights

Finance Minister Nirmala Sitharaman proposes the next in her Union Budget Speech on 1st Feb 2024 in Parliament.

Budget 2024 Highlights: Income Tax
➤ no change in direct and oblique tax together with import tax
➤ Same tax charges for Direct and Indirect tax are retained
➤ Tax break for start-ups prolonged to March 31, 2025
➤ Focus on enhancing tax payers service
➤ Tax reforms have widened the tax base and elevated tax collections

Budget 2024 Highlights: Tourism
➤ Interest-free loans to states to advertise tourism
➤ Funds will likely be supplied for growth of tourism in Lakshadweep
➤ Panel to be fashioned for tackling the challenges of upper inhabitants

Budget 2024 Highlights: Air Connectivity
➤ Roll-out of Udaan Schemes have been very profitable
➤ 517 new routes to be launched beneath Udaan Scheme

Budget 2024 Highlights: Fiscal Announcements
➤ Capex outlay of Rs 11.11 lakh crores
➤ Capex outlay at 3.4 per cent of GDP
➤ FY24 Fiscal Deficit goal revised to five.8 per cent of GDP from 5.9 per cent.
➤ 5.1 % Fiscal Deficit goal for FY 25
➤ FY 25 market borrowing goal is Rs 14.13 lakh crores
➤ Net market borrowings seen at Rs 11.75 lakh crores
➤ Revised expenditure for FY 24 Rs 44.90 lakh crores

Budget 2024 Highlights: Rail Connectivity
➤ Decongestion of high-density rail corridors
➤ Energy, Mineral and Cement to get devoted rail hall
➤ 40,000 regular prepare bogies to be transformed into excessive pace Vande-Bharat ones

Budget 2024 Highlights: Agriculture
➤ Promote investments in post-harvest exercise by each personal and public sector’s assist
➤ Empower dairy farmers
➤ More efforts to regulate Foot and mouth illness
➤ Crop insurance coverage has been given to 4 crores to farmers beneath PM Fasal Bima Yojana
➤ Five built-in Aqua Parks to be arrange

Budget 2024 Highlights: Healthcare
➤ Healthcare services beneath Ayushman Bharat will likely be prolonged to all Aasha employees, Anganwadi employees
➤ Government plans to arrange hospitals in all districts
➤ Vaccination of 9-14 yr outdated ladies for cervical most cancers

Budget 2024 Highlights: Housing
➤ New housing plan for the center class
➤ 2 crore homes to be constructed beneath PM Awaas Yojana

Budget 2024 Highlights: India Growth
➤ Next 5 years will likely be years of unprecedented progress
➤ Next era of reforms to be taken in session with state governments.
➤ The authorities desires to make Eastern area the driving force of India’s progress
➤ Over 1 crore homes will get 300 models of free energy, beneath new Solar energy coverage
➤ Women participation in increased training has risen to twenty-eight per cent within the final 10 years
➤ Over Rs 22 lakh crores value Mudra loans have been disbursed within the final 10 years
➤ Our GDP mantra is: Governance, Development and Performance
➤ Jan Dhan accounts have helped authorities save over Rs 2 lakh crores
➤ Making Triple Talaq unlawful, reservation of one-third of seats in Parliament has enhanced the dignity of ladies in India
➤ Rs 30 crores mudra Yojana loans given to ladies entrepreneurs.
➤ Skill India mission has skilled over 1.4 crore youth to make them job prepared
➤ The highest-ever medals tally in Asian Games displays the excessive confidence degree of sports activities individuals
➤ Direct transfers of Rs 34 lakh crores to the beneficiaries, has led to large financial savings for the federal government
➤ In the final 10 years, authorities has uplifted 25 crore individuals out of poverty
➤ Gareeb, Yuva, Mahila and Anna-daata are our highest precedence. Their kalyaan is desh ka Kalyaan
➤ The Indian economic system has witnessed nice transformation within the final 10 years.
➤ The nation is going through huge challenges and authorities overcame these challenges with Sabkaa Saath Sabkaa Vishvaas
➤ The fruits of growth has reached to each strata of society is alleged by her in her speech.
➤ The individuals blessed the federal government with a stronger mandate within the second time period
➤ The worries of the meals has been eradicated by means of free rations to the poor
➤ MSPs have elevated periodically for the Anna Daata

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