FM Nirmala Sitharaman’s Budget 2024 Live Update: Prioritizing Yuva, Garib, Mahila, and Kisan Welfare with Oilseed Boost, Dairy Program, and Cervical Cancer Prevention for Girls
Live Updates on Budget 2024: On Thursday, February 1, one day after the Budget Session began, Finance Minister Nirmala Sitharaman gave her budget address and presented the Interim Budget 2024–25 before Parliament.
PM Modi praised the interim budget, stating that capital expenditure investments reached a record ₹11,11,111 crore. Referring to India’s capital expenditure and infrastructure investment position as being in a “sweet spot,” Prime Minister Modi highlighted the generation of numerous job possibilities for youth in the upcoming years.
The youthful ambitions of a young India are reflected in this budget. Two significant choices were made in relation to the budget. A ₹1 Lakh Crore fund for innovation and research has been announced, PM Modi remarked.
Important Budget 2024 Live announcements:
- To make India self-sufficient, research steered the growth and development of local oilseeds including sesame, mustard, and groundnut. At the moment, India spends more than ₹1.5 trillion a year importing over 60% of its cooking oil.
- Finance minister has set a challenging goal for budgetary consolidation. Against the projected 5.3% fiscal deficit, she has declared a 5.1% objective for FY25. Better revenue mobilization in FY24 compared to the aim of 5.9% has allowed for the achievement of the fiscal deficit target of 5.8%.
- Finance minister extends an invitation to persons residing in rental homes, slums, and unapproved colonies to purchase or construct a middle-class housing scheme.
- Finance minister extends an invitation to persons residing in rental homes, slums, and unapproved colonies to purchase or construct a middle-class housing scheme.
- More medical schools will be established utilizing the current infrastructure.
- Coverage of healthcare under Ayushman Extension of the Bharat scheme to all Anganwadi staff and assistants.
- The removal of unresolved tax requests was announced by Finance Minister Sitharaman. One crore taxpayers stand to gain from the action
