Union Budget India 2024 Key Highlights

3 min read
Union Budget India 2024 Key Highlights
Union Budget India 2024 Key Highlights

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

Union Budget India 2024 Key Highlights

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➤ Vaccination of 9-14 yr outdated ladies for cervical most cancers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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