Finance Minister Nirmala Sitharaman is presenting Union Budget 2024 in Parliament. This is an interim budget as it comes just ahead of the Lok Sabha Elections.
This is Nirmala Sitharaman’s sixth Union Budget. The full-fledged budget will be presented by the new government that comes to power after the elections.
The interim budget – a short-term financial plan – seeks Parliament nod for a grant in advance to meet the government’s essential expenditure for the first four months of the new financial year.
The Budget Session of Parliament began yesterday with President Droupadi Murmu addressing the joint meeting of both Rajyya Sabha and Lok Sabha. The session will conclude on February 9.
Stock markets opened in green today, ahead of the interim budget.
Interim Budget 2024 Live: Nirmala Sitharaman’s Budget Speech
Finance Minister Nirmala Sitharaman said the government will help “deserving” sections of middle class to build their own houses.
Key Budget 2024-25 highlights:
-FY25 gross borrowing estimated at ₹14.13 trillion, achieving a reduction from that of FY24
– Research led growth and development of indigenous oilseeds like mustard, groundnut and sesame to make India self-sufficient. Currently India imports about 60% of its cooking oil needs spending over ₹1.5 trillion in a year.
-FM has adopted an aggressive fiscal consolidation target. She has announced a FY25 fiscal deficit target of 5.1% as against the expectation of 5.3% levels. In FY24 the fiscal deficit target of 5.8% has been achieved thanks to better revenue mobilization as against the target of 5.9%.
-FM announces scheme for housing for middle class to those living in rented houses, slums, unauthorised colonies to buy or build own house.
-More medical colleges to be set up using existing infrastructure
-Healthcare cover under Ayushman Bharat scheme to be extended to all Anganwadi workers, helpers
-Efforts to boost farmers income will be stepped up
– Government to promote private investment in post harvest activities
Here Are The LIVE Updates On Union Budget 2024:
Feb 01, 2024 12:09 (IST)
Union Budget 2024 Live: Nirmala Sitharaman Concludes Budget Speech
Finance Minister Nirmala Sitharaman concludes her interim budget speech, it was just a few minutes short of an hour
Feb 01, 2024 12:06 (IST)
Withdrawal of outstanding direct tax demands up to ₹ 25,000 pertaining to period up to financial year 2009-10 and up to ₹ 10,000 for financial years 2010-11 to 2014-15. Will benefit a crore taxpayers, says Nirmala Sitharaman
01 Feb 2024, 12:05 PM IST
Budget 2024 Speech Live: Priority to ensure timely and adequate finances, says FM
Budget 2024 Live: It is an important priority to ensure timely and adequate finances, relevant tech and appropriate training for MSMEs to grow and compete globally
Orienting the regulatory environment to facilitate their growth will be an important component of this.
Our government will facilitate sustaining high and more resource-efficient economic growth, this will contribute to energy security, in terms of availability, affordability and accessibility.
The government will prepare the financial sector in terms of size, capacity, skills and regulatory framework
01 Feb 2024, 12:03 PM IST
FM Shares Strategy for Amrit Kaal
Budget 2024 Live: The vision for Viksit Bharat is that of a prosperous Bharat, in harmony with nature, with modern infrastructure and providing opportunities for all to reach their potential. The next five years will be years of unprecedented development and golden moments to realize the goal of developing India by 2047.
Trinity of democracy, demography and diversity backed up by Sab Ka Prayaas has the potential to fulfil the aspirations of every Indian
Our government will adopt economic policies which will foster and sustain growth, facilitate inclusive and sustainable development, improve productivity, create opportunities for all, and help them enhance their capabilities and contribute to the generation of resources to power investments and fulfil aspirations
The government will take up next-gen reforms and build consensus with stakeholders for effective implementation.
Feb 01, 2024 12:01 (IST)
Union Budget 2024 Live: Nirmala Sitharaman’s Budget Speech
Tax benefits for startups, investments made by sovereign wealth, pension funds to be extended to March 2025
Feb 01, 2024 11:55 (IST)
No changes in taxation
Budget 2024 Live: I propose to maintain the same tax rates for direct and indirect taxes including import duties – FM Nirmala Sitharaman
Feb 01, 2024 11:54 (IST)
Union Budget 2024 Live: Nirmala Sitharaman’s Budget Speech
FY24 fiscal deficit seen at 5.8% of GDP
FY24 total expenditure revised to ₹ 44.90 lakh crore
FY 24 total receipts other than borrowings is ₹ 27.56 lakh crore
FY24 tax receipts are ₹ 23.24 lakh crore
FY25 fiscal deficit seen at 5.1%
Aim to reduce fiscal deficit to below 4.5% by FY26
FY25 gross market borrowing seen at ₹ 14.13 lakh crore
Feb 01, 2024 11:48 (IST)
The outlay for infrastructure has been increased to Rs 11.11 lakh crores in FY25, says FM Sitharaman.
“To address fervour for domestic tourism, projects for port connectivity, tourism infra & amenities will be taken on our islands including Lakshadweep,” says FM Sitharaman
Union Finance Minister Nirmala Sitharaman says, “Many growth and development-enabling reforms are needed in the state for realising the vision of Viksit Bharat. A provision of Rs 75,000 Crores as a 50-year interest-free loan is proposed this year to support those milestone-linked reforms by the state governments.”
Feb 01, 2024 11:45 (IST)
Union Budget 2024 Live: Nirmala Sitharaman On FDI
“FDI now means ‘First Develop India’,” said Finance Minister Nirmala Sitharaman, adding that bilateral trade treaties will be encouraged to boost FDIs on cards.
“FDI is ‘First Develop India’… FDI inflow during 2014 to 2023 was Rs 596 billion US dollars, marking a golden era. This was twice the FDI inflow between 2005 to 2014. For sustained FDI, we are negotiating bilateral investment treaties with foreign partners,” says FM.
Feb 01, 2024 11:41 (IST)
Interim Budget 2024 Live: Nirmala Sitharaman’s Tech Push
A corpus of ₹ 1 lakh crore will be established with 50-year interest free loan to provide long term financing with long tenure with no or less interest rates.
A new technology will be launched for to strengthen deep tech for defence purposes
Feb 01, 2024, 11:36 (IST)
FM on Empowerment of Women through Entrepreneurship
— Empowerment of Women through entrepreneurship, ease of living and dignity has gained momentum in the last 10 years
— 30 crore MUDRA Yojana loans have been given to woman entrepreneurs
— Female enrollment in higher education has gone up by 28% in 10 years
— In STEM courses, girls and women constitute 43% of enrollment, one of the highest in the world
— All these are reflected in the increasing participation of women in the workforce
— Making Triple Talaq illegal, one-third of women’s reservation in Lok Sabha and state assemblies, and giving over 70% of houses under PM Awas Yojana in rural areas to women as sole or joint owners have enhanced their dignity.
Feb 01, 2024 11:39 (IST)
FM Sitharaman on Empowering Amrit Peedhi, the youth
— The National Education Policy 2020 is ushering transformational reforms
— PM Shri is delivering quality teaching
— Skill India Mission has trained 1.4 crore youth, upskilled and reskilled 54 lakh youth and established 3,000 new ITIs
— A large no. of institutions of higher learning namely 7 IITs, 16 IITs, 7 IIMs, 15 AIIMSs and 390 universities have been set up
— PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for the entrepreneurial aspirations of your youth
— Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting our youth
Feb 01, 2024 11:35 (IST)
FM lists schemes for farmers
Budget 2024 Live: FM Sitharaman lists schemes for farmers
— Every year under PM Kisan Samman Yojana, Direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers
— Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana
— These are assisting farmers in producing food for the country and for the world
— Electronic national agricultural market has integrated 1,361 mandis and is providing services to 1.8 crore farmers with trading volume of 3 lakh crores of rupees. The sector is poised for inclusive and higher growth
Feb 01, 2024 11:32 (IST)
Union Budget 2024: Nirmala Sitharaman’s Budget Speech
Finance Minister Nirmala Sitharaman said benefits of Ayushman Bharat will be extended to all ASHA and Anganwadi workers
Feb 01, 2024 11:28 (IST)
Budget 2024 Live News: Nirmala Sitharaman On Rooftop Solarisation
Rooftop solarisation to give 1 crore households 300 units of free electricity per month, says Nirmala Sitharaman
Feb 01, 2024 11:30 (IST)
FM lists govt schemes for poor
Budget 2024 Live: Finance Minister Nirmala Sitharaman lists govt schemes for poor
— Direct Benefit Transfer of Rs. 34 lakh crore using PM Jan Dhan accounts has led to huge savings for the government. This has been realized through the avoidance of leakages, savings have helped to provide more funds for the welfare of the poor.
— PM SVANIDHI has provided credit assistance to 78 lakh street vendors, from that total, 2.3 lakh have received credit for the third time
— PM JANMAN Yojana reaches out to Particularly Vulnerable Tribal Groups
— PM Vishwakarma Yojana provides end-to-end support to artisans and craftspeople
— The scheme for empowerment of Divyang and transgender people reflects our resolve to leave no one behind
Feb 01, 2024 11:28 (IST)
Union Budget 2024 Live: Nirmala Sitharaman’s Budget Speech
Finance Minister Nirmala Sitharaman said that the government focused on more comprehensive ‘governance, development, performance’ – ‘GDP’.
Feb 01, 2024 11:22 (IST)
Budget 2024 Live News: Nirmala Sitharaman On GST
Finance Minister Nirmala Sitharaman said that Goods Service Tax (GST has” enabled ‘one nation one market one tax’. “Tax reforms have led to deepening, widening of tax base,” she said.
Feb 01, 2024 11:18 (IST)
Interim Budget 2024 Live: Nirmala Sitharaman On Polls
Finance Minister Nirmala Sitharaman said that she hopes the people of the country will again choose the BJP in the Lok Sabha elections with a resounding mandate
Feb 01, 2024 11:16 (IST)
Budget 2024 Live Updates: “Garib Ka Kalyan, Desh Ka Kalyan”
Finance Minister Nirmala Sitharaman said the government has helped 25 crore people to get freedom from poverty in last 10 years,
Feb 01, 2024 11:12 (IST)
Union Budget 2024: Nirmala Sitharaman On Tribal Welfare
PM Janman Yojana helps tribal groups who have remained outside realm of development, said Finance Minister Nirmala Sitharaman
Feb 01, 2024 11:11 (IST)
Budget 2024 Live: Nirmala Sitharaman Explains Government Focus
Finance Minister Nirmala Sitharaman said the government is focusing on four major groups – poor, women, youth and the farmers.
Feb 01, 2024 11:08 (IST)
Budget 2024 Live: Nirmala Sitharaman’s Speech Live
Finance Minister Nirmala Sitharaman said the government is working to make India ‘Viksit Bharat’ by 2047. “Our focus is sabka sath, sabka vikas,” she said.
Feb 01, 2024 11:06 (IST)
Budget 2024 Live: Finance Minister Speaks in Parliament
In the second term, our government doubled down on its responsibility to build a prosperous country, says Nirmala Sitharaman
Feb 01, 2024 11:03 (IST)
Union Budget 2024 Live: Nirmala Sitharaman Presents Interim Budget
Finance Minister Nirmala Sitharaman is presenting Union Budget 2024
Feb 01, 2024 11:01 (IST)
Budget 2024 Live: PM Modi Arrives In Lok Sabha
Prime Minister Narendra Modi has arrived in Lok Sabha for Union Budget 2024 presentation
Feb 01, 2024 10:57 (IST)
Budget 2024 Live: What Happens to Old Regime
No change is expected in tax rates for individual taxpayers opting for the regular tax regime
Feb 01, 2024 10:50 (IST)
Union Budget 2024 Live: New Regime May Include 80C Deductions
Many are still apprehensive about opting for the new regime, to increase its acceptance, the government may allow deductions under 80C in this regime.
Feb 01, 2024 10:42 (IST)
Budget 2024 Live: Cabinet Approves Interim Budget
The Union Cabinet has approved the interim budget prepared by Finance Minister Nirmala Sitharaman’s team
Feb 01, 2024 10:36 (IST)
Budget 2024 Live: Finance Minister Meets President
Finance Minister Nirmala Sitharaman met President Draupadi Murmu ahead of the presentation of Union Budget.
Budget 2024 Live: Budget Copies Arrives In Parliament
The copies of budget – to be presented by Finance Minister Nirmala Sitharaman shortly – have arrived in Parliament
Feb 01, 2024 09:49 (IST)
Budget 2024 Live: What Can Taxpayers Expect
From changes in tax slabs to deductions, taxpayers are expecting announcements that would impact their financial and investment strategies.
Feb 01, 2024 09:40 (IST)
Budget 2024 Live: No Economic Survey This Year
Economic Survey, an annual document presented by the Finance Ministry, will not be presented this year since Finance Minister Nirmala Sitharaman will present the Interim Budget instead of a full-fledged budget because Lok Sabha elections are due later this year.
Feb 01, 2024 09:32 (IST)
Budget 2024 Live: Nirmala Sitharaman to Present Budget At 11 Am
Finance Minister Nirmala Sitharaman will present the interim budget at 11 am. Ms Sitharaman has arrived at the Finance Ministry with her team.
Feb 01, 2024 09:26 (IST)
Union Budget 2024 Live: Markets Open In Green Ahead Of Interim Budget
Stock markets opened in green today, ahead of the interim Union budget to be presented by Finance Minister Nirmala Sitharaman.
Feb 01, 2024 09:18 (IST)
Union Budget 2024 Live: Critical Sectors May Benefit
Finance Minister Nirmala Sitharaman is likely to make key announcements in critical sectors – like agriculture and manufacturing -today, with emphasis on job creation.
Feb 01, 2024 09:13 (IST)
Finance Minister Nirmala Sitharaman With Her Team
Feb 01, 2024 09:00 (IST)
Union Budget Live: Where To Watch Nirmala Sitharaman’s Speech Live
Finance Minister Nirmala Sitharaman’s budget speech will be broadcast live on the official channel of Parliament Sansad TV and Doordarshan.
Feb 01, 2024 08:46 (IST)
Budget Live: Nirmala Sitharaman At Finance Ministry Office
Finance Minister Nirmala Sitharaman has arrived at Finance Ministry office. She will present the Union Budget 2024 at 11 am.
