Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 after the Cabinet gave its approval
Finance Minister Nirmala Sitharaman says, "Andhra Pradesh Reorganisation Act- Our govt has made efforts to fulfil the commitments in Andhra Pradesh Reorganisation Act. Recognising the state's need for capital, we will facilitate special financial support through multilateral agencies. In the current FY, Rs 15,000 crore will be arranged with additional amounts in future years.
FM Nirmala Sitharaman says, "On the Amritsar-Kolkata industrial corridor we will support the development of an industrial nod at Gaya in Bihar. It will catalyse the development of the easter region. We will also support the development of road connectivity projects- Patna -Purnea expressway, Buxar- Bhagalpur highway, Bodhgaya- Rajgir-Vaishali- Darbhanga and an additional two-lane bridge over river Ganga in Buxar for Rs 26,000 crores."
Finance Minister Nirmala Sitharaman says, "...One month wage to all persons newly entering the workplace in all formal sectors. Direct Benefit Transfer of one month salary in 3 instalments to first-time employees as registered in the EPFO will be up to Rs 15,000. The eligibility limit will be a salary of Rs 1 lakh per month. The scheme will benefit 210 lakh youth."
The government will set up a critical mineral mission for domestic production and recycling of critical minerals : FM
PM Surya Ghar Muft Bijali Yojana has been launched to install rooftop solar plants to enable one crore households to get 300 units every month. The scheme generated remarkable response with more 1.2 crore registration and 14 lakh applications : FM
The government will endeavour to maintain strong fiscal support for infrastructure. This year, Rs 11.11 lakh crore has been allocated for capital expenditure, which amounts to 3.4% of India's GDP," says Sitharaman.
The states charging high stamp duty will be encouraged to moderate their rates for all. Additionally, further reductions in duties for properties purchased by women will be considered. These measures will also be incorporated as essential components of urban development schemes," says Sitharaman.
'PM Gram Sadak Yojana phase 4 to provide all-weather roads to 25,000 rural habitats,' says FM Nirmala Sitharaman in Union Budget 2024.
The committee set up to look into the matter related to NPS have made significant progress. A solution will be evolved while maintain fiscal prudence : FM
Finance minister announces Rs 26,000 crore worth financial assistance to Bihar through aid from multilateral development agencies.
GST has decreased tax incidence on common man, reduced logistic cost for industry, it is a success of vast proportion: FM in Lok Sabha.
Fiscal deficit is estimated at 4.9 per cent of GDP: FM announces in Budget for 2024-25.
Govt proposes basic custom duty reduction on gold and silver to 6pc; platinum to 6.4pc: FM
“Long-term capital gains on all financial and non-financial assets will attract a tax rate of 12.5%. Additionally, the limit of exemption for capital gains will be set at Rs 1.25 lakh per year," says FM
Finance Minister proposes to abolish angel tax to help start-ups
