Budget 2024: 'No change in terms of taxation,' says FM Nirmala Sitharaman | Top Highlights

Budget 2024 Highlights: Finance Minister of India Nirmala Sitharamanpresented the interim Budget 2024 on Thursday (Feb 1). The complete budget for the fiscal year 2024-2025 will be presented later in July, regardless of whether the incoming government is new or a re-elected one.

The full budget will be presented only after the Lok Sabha elections by the newly elected government.

Nirmala Sitharaman started the Interim Budget speech with the Modi government's slogan of 'Sabka Sath, Sabka Vikaas, Sabka Vishwas', meaning a comprehensive development of all countrymen. She added that India overcame the perils faced after the COVID-19 pandemic with 'Sabka Prayaas' (collective attempt).

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Budget 2024 Live: FM Nirmala Sitharam presents interim budget

Top highlights-

-Sitharaman talked about the development of eastern India andto make the East a major part of the overall development of India.

-One prominent mention was of the new aim of the current government with more focus on innovation and research. The slogan of New India given by FM was 'Jai Jawan, Jai Kisaan, Jai Vigyan, Jai Anusandhan' with an emphasis on innovation. She further said that this would be a golden era for tech-savvy youth, as the government will launch acorpus of Rs 1 lakh crore(1 trillion) with a 50-year interest-free loan provided. It will be for long-term financing or re-financing with low or nil interest rates.

Also Read |Budget 2024: What do industries expect?

-FM Sitharaman announced, "The health cover under the Ayushman Bharat scheme will be extended to all ASHA and Anganwadi workers and helpers."

- To increase global and regional tourism, the government will focus on port connectivity and tourism infrastructure and projects willbe taken upon ourislands, including Lakshadweep to generate employment.

-In the full budget in July, our government will present a detailed roadmap for our pursuit of Viksit Bharat.

- "No change in terms of taxation," announcedthe Finance Minister. The current government will retain the same tax rates for direct and indirect tax with tax benefits to startups and sovereign wealth or pension funds investments.

- The revised estimate of the fiscal deficit is 5.8% of GDP, improving on the budget estimate, notwithstanding moderation in the nominal growth estimates.

-Rooftop solarisation and free electricity:Through rooftop solarisation, 1 crore households will be enabled to obtain up to 300 units of free electricity every month. This scheme follows the resolve of the Prime Ministeron the historic day of the consecration of Ram Mandir in Ayodhya

Expected benefits: Savings of up to Rs. 15,000 - Rs. 18,000 for households from free solar electricity and selling surplus to discoms.

Here’s how to watch the Interim Budget 2024 LIVE:

Where to Watch the LIVE Streaming of Union Budget 2024?

People can watch the LIVE presentation of Nirmala Sitharaman's Interim Budget 2024-2025 on Sansad TV and Doordarshan. The live telecast will also be available on their YouTube channels. Press Information Bureau (PIB) will also stream Budget 2023 on their online platforms.

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When the LIVE streaming of Budget 2024 will start?- Time and Date

Interim Budget 2024-2025 is scheduled to be tabled on February 1 by FM Nirmala Sitharaman and is expected to commence at 11:00 am.

Which YouTube channels will show the LIVE streaming of Budget 2024 and FM Nirmala Sitharaman’s speech?

Following channels YouTube handle will be streaming the Union Budget and the entire speech of Finance Minister Nirmala Sitharaman:

DD News
Zee News
WION News
Sansad TV

Also Read |Have a look at PM Modi’s diary featuring Mahatma Gandhi’s quotes

You can access the Budget 2024 documents in a “paperless form” through the Union Budget Mobile App. All essential Budget documents, including the Annual Financial Statement, Demand for Grants, and the Finance Bill as mandated by the Constitution of India.

The app will be accessible on Android and iOS operating systems and is bilingual (English and Hindi).

(With inputs from agencies)