Union Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman Presents Highlights
Top Highlights from Union Budget 2024-25 by FM Nirmala Sitharaman
Finance Minister Nirmala Sitharaman is currently presenting the Union Budget for the financial year 2024-25 in the Parliament. Here are the top highlights from the budget speech so far:
- The revised fiscal deficit target for the current financial year has been set at 6.4% of GDP.
- The government aims to reduce the fiscal deficit to 5.8% of GDP in the fiscal year 2024-25.
- The government has allocated INR 1.75 lakh crore for capital expenditure in the financial year 2024-25.
- The government has announced a new scheme to provide free foodgrains to the poor for the next one year.
- The government has increased the income tax exemption limit for individuals from INR 2.5 lakh to INR 3 lakh.
- The government has announced a new tax regime for new taxpayers, which will provide a lower tax rate.
- The government has reduced the customs duty on certain mobile phones and televisions.
Get Ready for a Deep Dive into the Key Highlights Analysis of the Union Budget 2024
Our experts will provide a comprehensive breakdown and analysis of the Union Budget 2024, covering all the key highlights and implications for the economy and various sectors. Stay tuned for our comprehensive coverage in the coming days.
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