All eyes have turned to Indian Finance Minister Nirmala Sitharaman who will present the Interim Budget 2024-25 at Parliament today. The interim budget will provide estimates of the government's expenditure, revenue, fiscal deficit, financial performance, and projections for the upcoming months.

Budget 2024: All eyes on India's fiscal plan ahead of elections

All eyes are on the upcoming Interim Budget for 2024-2025, a crucial temporary financial plan designed to sustain essential government services until the new administration takes charge post-elections. Finance Minister Nirmala Sitharaman is poised to present the Interim Budget 2024 during the Parliament's Budget session.

Budget 2024: What international investors expect?

India's Central Bank has dropped the hammer on Paytm Payments Bank. In a move prompted by supervisory concerns, the central bank has imposed stringent restrictions on the digital banking giant. This means Paytm can no longer accept new deposits, credit transactions, or top-ups in any accounts after February 29th.

Paytm Payments Bank in limbo: India's RBI hits Paytm Payments Bank

Indian Finance Minister Nirmala Sitharaman is set to present the Interim Budget 2024 today against the backdrop of impending Lok Sabha elections. The Budget is anticipated to emphasize a prudent fiscal approach, prioritizing infrastructure investments over populist measures.

Budget 2024: India to focus on the path of fiscal prudence

Budget 2024: India to unveil interim budget today

The US State Department expressed optimism about the proposed drone deal with India, emphasising its "significant potential" to advance strategic technology cooperation. 
The deal was announced during Prime Minister Narendra Modi's visit last year, marking substantial growth in the US-India defence partnership over the past decade. 
Matthew Miller, a spokesperson for the US State Department, highlighted the importance of the deal in furthering strategic technology cooperation with India and enhancing military collaboration in the region.

While addressing the media, Miller said, "So I'll say that generally, the US-India Defence Partnership has seen significant growth over the past decade. This is a proposed sale that was announced during Prime Minister Modi's visit last year."

"We believe it offers significant potential to further advance strategic technology cooperation with India and military cooperation in the region," he added. 
He also acknowledged the crucial role of Congress in the arms transfer process, emphasising routine consultations with members of Congress on foreign affairs committees before formal notifications.

"Of course, Congress plays an important role in the US arms transfer process. We routinely consult with members of Congress on the foreign affairs committees before our formal notification so we can address questions that they might have. But I don't have any comment on when that formal notification might take place," Miller also said. 
The proposed drone deal is part of the broader efforts to strengthen defence ties between the United States and India. 
In June 2023, US President Joe Biden and PM Modi welcomed India's plans to procure Predator drones made by General Atomics, a mega pact that will allow American Navy ships to undertake major repairs at Indian shipyards.

President Biden and PM Modi welcomed India's plans to procure General Atomics MQ-9B HALE UAVs. The MQ-9Bs, assembled in India, will enhance the ISR capabilities of India's armed forces across domains. As part of this plan, General Atomics will also establish a comprehensive global MRO facility in India, according to the US-India joint statement.

The agreement would strengthen India's national security and surveillance capabilities, extending beyond the Indian Ocean and encompassing the border region with China. 
India shares vast maritime and land boundaries with two major adversaries--Pakistan and China--and requires constant monitoring of their activities to safeguard its national security interests.

The Quad grouping of countries - the United States, India, Australia and Japan - all operate, or have operated, the MQ-9B SeaGuardian. Currently, India is leasing MQ-9Bs as part of an intelligence-gathering operation.

The Predators, also called the MQ-9 Reaper, can fly up to 36 hours at a stretch and can be used for focused monitoring of any specific point or area of interest. 
As many as 31 Predator drones, to be acquired by India from the US soon, would be operated by the tri-services jointly.

President Biden and Prime Minister Modi also hailed the landmark signing of an MoU between General Electric and Hindustan Aeronautics Limited for the manufacture of GE F-414 jet engines in India, for the Hindustan Aeronautics Limited Light Combat Aircraft Mk 2, added the statement.

The US State Department expressed optimism about the proposed drone deal with India, emphasising its "significant potential" to advance strategic technology cooperation.

The US State Department expressed optimism about the proposed drone deal with India, emphasising its "significant potential" to advance strategic technology cooperation. The deal was announced during Prime Minister Narendra Modi's visit last year, marking substantial growth in the US-India defence partnership over the past decade. Matthew Miller, a spokesperson for the US State Department, highlighted the importance of the deal in furthering strategic technology cooperation with India and enhancing military collaboration in the region. While addressing the media, Miller said, "So I'll say that generally, the US-India Defence Partnership has seen significant growth over the past decade. This is a proposed sale that was announced during Prime Minister Modi's visit last year." "We believe it offers significant potential to further advance strategic technology cooperation with India and military cooperation in the region," he added. He also acknowledged the crucial role of Congress in the arms transfer process, emphasising routine consultations with members of Congress on foreign affairs committees before formal notifications. "Of course, Congress plays an important role in the US arms transfer process. We routinely consult with members of Congress on the foreign affairs committees before our formal notification so we can address questions that they might have. But I don't have any comment on when that formal notification might take place," Miller also said. The proposed drone deal is part of the broader efforts to strengthen defence ties between the United States and India. In June 2023, US President Joe Biden and PM Modi welcomed India's plans to procure Predator drones made by General Atomics, a mega pact that will allow American Navy ships to undertake major repairs at Indian shipyards. President Biden and PM Modi welcomed India's plans to procure General Atomics MQ-9B HALE UAVs. The MQ-9Bs, assembled in India, will enhance the ISR capabilities of India's armed forces across domains. As part of this plan, General Atomics will also establish a comprehensive global MRO facility in India, according to the US-India joint statement. The agreement would strengthen India's national security and surveillance capabilities, extending beyond the Indian Ocean and encompassing the border region with China. India shares vast maritime and land boundaries with two major adversaries--Pakistan and China--and requires constant monitoring of their activities to safeguard its national security interests. The Quad grouping of countries - the United States, India, Australia and Japan - all operate, or have operated, the MQ-9B SeaGuardian. Currently, India is leasing MQ-9Bs as part of an intelligence-gathering operation. The Predators, also called the MQ-9 Reaper, can fly up to 36 hours at a stretch and can be used for focused monitoring of any specific point or area of interest. As many as 31 Predator drones, to be acquired by India from the US soon, would be operated by the tri-services jointly. President Biden and Prime Minister Modi also hailed the landmark signing of an MoU between General Electric and Hindustan Aeronautics Limited for the manufacture of GE F-414 jet engines in India, for the Hindustan Aeronautics Limited Light Combat Aircraft Mk 2, added the statement.

White House says 'significant potential' in US-India drone deal

India's Finance Minister Nirmala Sitharaman is in a press briefing after presenting interim budget. Let's listen in what she has to say.

India Budget 2024: Press conference by Nirmala Sitharaman

Today is the big interim budget day and Finance Minister Nirmala Sitharaman unwelded India's interim budget for the year 2024 showcasing the nation's economic ascent as a testament to India's relentless pursuit of development.

India Budget 2024: FM optimistic that India will be developed economy by 2047

Today is the big interim budget day. Finance Minister Nirmala Sitharaman unwelded India's interim budget for 2024, showcasing the nation's economic ascent as a testament to India's relentless pursuit of development. To know more watch this interview with the Executive director of IMF, Dr Krishnamurthy V Subramanian.

India Budget 2024: Is this budget that position India for growth

Today is the big interim budget day. Finance Minister Nirmala Sitharaman unwelded India's interim budget for 2024, showcasing the nation's economic ascent as a testament to India's relentless pursuit of development. To know more watch this interview with Mitali Nikore, Economist and founder of Nikore Associates.

India Budget 2024: How India's budget helps the world grow

India Budget 2024: India dials back to fiscal deficit target to 5.1% in FY25

Today is the big interim budget day. Finance Minister Nirmala Sitharaman unwelded India's interim budget for 2024, showcasing the nation's economic ascent as a testament to India's relentless pursuit of development. To know more watch this interview with Dr Arvind Virmani.

India Budget 2024: Ministers hail interim budget

India Budget 2024: Opposition slams interim budget

Travellers across New Delhi had to contend with disrupted travel plans early on Wednesday (January 31), after dense fog shrouded the Indian capital.

Dense fog in North India disrupts travel plans; Jammu and Kashmir likely to see heavy snowfall

As India eagerly waits for its final budget before the upcoming summer polls to be unveiled, Finance Minister Nirmala Sitharaman is set to present a roadmap that promises to shape the nation's economic landscape. Industry expectations are high, spanning from infrastructure boosts to manufacturing incentives, import duty tweaks, and crucial tax reforms.

Industry expectations from India's budget

In this budget, the Confederation of Indian Industry (CII) urges a 20 per cent increase in infrastructure spending. This bold call, coupled with demands for extended manufacturing incentives and adjustments to import duties, sets the tone for an economic blueprint aiming to propel growth in the face of political transition.

The CII outlines key priorities for India's Budget 2024, emphasising the need for growth triggers. The focus spans across vital sectors, reflecting the aspirations of industries looking for policy measures that will foster economic development.

Key focus points: Infrastructure, manufacturing &amp; import duties

As we delve into the specifics, the Confederation of Indian Industry puts forward a comprehensive set of proposals that address crucial sectors. The Federation of Indian Chambers of Commerce and Industry (FICCI) pitches for a five-year extension of the concessional tax regime for new manufacturing facilities.

The Production Linked Incentive (PLI) scheme, a flagship initiative, is anticipated to expand into labour-intensive sectors such as apparel, toys, footwear, and chemicals. Import tariffs, proposed for a three-tier duty structure, aim to address concerns where input taxes surpass final goods.

In the gems and jewellery sector, there's a call for lower import duties, while the steel industry seeks higher levies on finished steel to counter rising imports from China.

Critical tax reforms and social spending

As the budget unfolds, the CII outlines critical tax reforms, advocating for an increase in the tax exemption limit linked to inflation to boost consumption. There's a plea for consistency in the capital gains tax structure across asset classes, be it debt, equity, or immovable assets.

In the realm of social spending, a call resonates for increased allocation to healthcare and education. The CII urges the combined efforts of federal and state governments to elevate spending on these critical sectors, addressing current spending gaps.

As Finance Minister Nirmala Sitharaman reveals India's budgetary roadmap, industries across the spectrum eagerly await the details that will shape the economic trajectory of the nation.

As India eagerly waits for its final budget before the upcoming summer polls to be unveiled, Finance Minister Nirmala Sitharaman is set to present a roadmap that promises to shape the nation's economic landscape.

As India eagerly waits for its final budget before the upcoming summer polls to be unveiled, Finance Minister Nirmala Sitharaman is set to present a roadmap that promises to shape the nation's economic landscape. Industry expectations are high, spanning from infrastructure boosts to manufacturing incentives, import duty tweaks, and crucial tax reforms. Industry expectations from India's budget In this budget, the Confederation of Indian Industry (CII) urges a 20 per cent increase in infrastructure spending. This bold call, coupled with demands for extended manufacturing incentives and adjustments to import duties, sets the tone for an economic blueprint aiming to propel growth in the face of political transition. The CII outlines key priorities for India's Budget 2024, emphasising the need for growth triggers. The focus spans across vital sectors, reflecting the aspirations of industries looking for policy measures that will foster economic development. Key focus points: Infrastructure, manufacturing & import duties As we delve into the specifics, the Confederation of Indian Industry puts forward a comprehensive set of proposals that address crucial sectors. The Federation of Indian Chambers of Commerce and Industry (FICCI) pitches for a five-year extension of the concessional tax regime for new manufacturing facilities. The Production Linked Incentive (PLI) scheme, a flagship initiative, is anticipated to expand into labour-intensive sectors such as apparel, toys, footwear, and chemicals. Import tariffs, proposed for a three-tier duty structure, aim to address concerns where input taxes surpass final goods. In the gems and jewellery sector, there's a call for lower import duties, while the steel industry seeks higher levies on finished steel to counter rising imports from China. Critical tax reforms and social spending As the budget unfolds, the CII outlines critical tax reforms, advocating for an increase in the tax exemption limit linked to inflation to boost consumption. There's a plea for consistency in the capital gains tax structure across asset classes, be it debt, equity, or immovable assets. In the realm of social spending, a call resonates for increased allocation to healthcare and education. The CII urges the combined efforts of federal and state governments to elevate spending on these critical sectors, addressing current spending gaps. As Finance Minister Nirmala Sitharaman reveals India's budgetary roadmap, industries across the spectrum eagerly await the details that will shape the economic trajectory of the nation.

Budget 2024: What do industries expect?

For millennia, humans have adorned themselves with personal ornaments. These serve as a connection to their communities and help in establishing a cultural identity that endures even after their lives, as proven by a recent archaeological find that points to multiple cultural groups among our ancient ancestors.

Researchers find proof of at least 9 hidden cultural groups during Ice Age Europe

India's Finance Minister Nirmala Sitharaman today unveiled the interim budget for the fiscal year 2024/25. The budget is shorter than the previous ones was seen as the government's report card ahead of the elections later this year.

FM optimistic that India will be developed economy by 2047

India Budget 2024: Decoding Indian Government's interim budget ahead of polls

India's Finance Minister Nirmala Sitharaman presented this year's interim budget all eyes were of course on reforms and policy announcements. But there was more colour that was in fact hidden in plain sight. Let's tell you more.

India Budget 2024: India's interim budget highlights

In the upcoming fiscal year, various budget proposals are poised to stimulate economic growth and generate employment in key sectors such as tourism, infrastructure, ports, construction, and technology. The government's commitment to comprehensive development and global branding of iconic tourist centres signals a strategic approach to tap into the vast opportunities within the tourism industry.

Finance Minister Nirmala Sitharaman emphasised the encouragement of states to undertake the holistic development of iconic tourist destinations. The focus includes global-scale branding, marketing initiatives, and the exploration of opportunities in spiritual tourism.&nbsp;

"States will be encouraged to take up comprehensive development of iconic tourist centres, branding and marketing them at global scale... Tourism, including spiritual tourism, has tremendous opportunities for local entrepreneurship," Sitharaman said in her budget speech.

Amid the pandemic, there has been a notable surge in domestic tourism. To capitalise on this trend, the budget proposes projects for port connectivity, tourism infrastructure, and amenities, particularly in island regions such as Lakshadweep. These endeavours aim not only to boost tourism but also to create additional employment opportunities.

"To address the emerging fervour for domestic tourism, projects for port connectivity, tourism infrastructure and amenities will be taken up on our islands, including Lakshadweep. This will help in generating employment also," the finance minister said.

<a href="https://www.wionews.com/india-news/budget-2024-amrit-peedhi-to-kartavya-kaal-all-new-hindi-phrases-used-by-nirmala-sitharaman-in-her-speech-685883">Also read |&nbsp;Budget 2024: 'Amrit Peedhi' to 'Kartavya Kaal', all new Hindi phrases used by Nirmala Sitharaman in her speech</a>

<h2>Infrastructure boost</h2>

The budget outlines a significant 11 per cent increase in infrastructure capital expenditure (capex) for the fiscal year 2025, amounting to ₹11.11 trillion. This substantial investment is expected to generate both formal and informal jobs, providing a crucial stimulus to the economy.

Industry experts highlight the positive effects on the hospitality sector, foreseeing increased employment due to a rise in religious and business tourism.

Additionally, the construction sector is expected to benefit from the ambitious construction of two crore houses under the PM Awas Yojana (Grameen).

<h2>Technological advancements</h2>

The budget's forward-looking approach includes substantial investments in sunrise sectors and deep tech.

Also watch |&nbsp;Budget 2024: Government working on all-round, all-pervasive, all-inclusive growth, says Sitharaman

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/budget-2024-government-working-on-all-round-all-pervasive-all-inclusive-growth-says-sitharaman-685913/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

The establishment of a ₹1 lakh crore corpus with a 50-year interest-free loan is particularly noteworthy. This corpus is designed to provide long-term financing, encouraging the private sector to scale up research and innovation in emerging technological domains.

"For our tech-savvy youth, this will be a golden era. A corpus of&nbsp;₹1 lakh crore will be established with a 50-year interest-free loan. The corpus will provide long-term financing or refinancing with long tenures and low or nil interest rates. This will encourage the private sector to scale up research and innovation significantly in sunrise domains," the finance minister said.

(With inputs from agencies)

In the upcoming fiscal year, various budget proposals are poised to stimulate economic growth and generate employment in key sectors such as tourism, infrastructure, ports, construction, and technology.

In the upcoming fiscal year, various budget proposals are poised to stimulate economic growth and generate employment in key sectors such as tourism, infrastructure, ports, construction, and technology. The government's commitment to comprehensive development and global branding of iconic tourist centres signals a strategic approach to tap into the vast opportunities within the tourism industry. Finance Minister Nirmala Sitharaman emphasised the encouragement of states to undertake the holistic development of iconic tourist destinations. The focus includes global-scale branding, marketing initiatives, and the exploration of opportunities in spiritual tourism. "States will be encouraged to take up comprehensive development of iconic tourist centres, branding and marketing them at global scale... Tourism, including spiritual tourism, has tremendous opportunities for local entrepreneurship," Sitharaman said in her budget speech. Amid the pandemic, there has been a notable surge in domestic tourism. To capitalise on this trend, the budget proposes projects for port connectivity, tourism infrastructure, and amenities, particularly in island regions such as Lakshadweep. These endeavours aim not only to boost tourism but also to create additional employment opportunities. "To address the emerging fervour for domestic tourism, projects for port connectivity, tourism infrastructure and amenities will be taken up on our islands, including Lakshadweep. This will help in generating employment also," the finance minister said. Also read | Budget 2024: 'Amrit Peedhi' to 'Kartavya Kaal', all new Hindi phrases used by Nirmala Sitharaman in her speech Infrastructure boost The budget outlines a significant 11 per cent increase in infrastructure capital expenditure (capex) for the fiscal year 2025, amounting to ₹11.11 trillion. This substantial investment is expected to generate both formal and informal jobs, providing a crucial stimulus to the economy. Industry experts highlight the positive effects on the hospitality sector, foreseeing increased employment due to a rise in religious and business tourism. Additionally, the construction sector is expected to benefit from the ambitious construction of two crore houses under the PM Awas Yojana (Grameen). Technological advancements The budget's forward-looking approach includes substantial investments in sunrise sectors and deep tech. Also watch | Budget 2024: Government working on all-round, all-pervasive, all-inclusive growth, says Sitharaman The establishment of a ₹1 lakh crore corpus with a 50-year interest-free loan is particularly noteworthy. This corpus is designed to provide long-term financing, encouraging the private sector to scale up research and innovation in emerging technological domains. "For our tech-savvy youth, this will be a golden era. A corpus of ₹1 lakh crore will be established with a 50-year interest-free loan. The corpus will provide long-term financing or refinancing with long tenures and low or nil interest rates. This will encourage the private sector to scale up research and innovation significantly in sunrise domains," the finance minister said. (With inputs from agencies)

India Interim Budget 2024: This is what is in store for jobs in tourism, infra, and deep tech

India Budget 2024: Budget report card vision for 2027

Indian Finance Minister Nirmala Sitharaman said that, empowerment of women through entrepreneurship, ease of living and dignity has gained momentum in last 10 years. She also added that female enrollment in higher education has gone up by 28% in 10 years whereas in STEM courses, girls and women constitute 43% of enrollment, one of the highest in the world.

India Budget 2024 | FM Nirmala Sitharaman: India successfully defied pandemic slowdown'

Indian Finance Minister Nirmala Sitharaman on Thursday (Feb 1st) presented the interim Budget speech in the Lok Sabha,&nbsp;lower house of the Parliament,

During her sixth straight budget, Sitharaman announced a slew of revolutionary schemes for a variety of industries. Here are some you must know.

<h2>Solar Energy</h2>

During her interim Budget speech, Sitharaman announced that through rooftop solarisation, one crore (10 million) households will be enabled to obtain up to 300 units of free electricity every month.&nbsp;

She said that this scheme follows the resolve of Prime Minister Narendra Modi on the historic day of consecration of Ram Mandir in Ayodhya. &nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/india-news/india-budget-2024-250-million-people-came-out-of-poverty-in-the-last-10-years-fm-sitharaman-685845">India Budget 2024 | 250 million people came out of poverty in the last 10 years: FM Sitharaman</a>

The scheme, as per the Indian Finance Minister will create entrepreneurship opportunities for numerous vendors in regards to supply and installation. It is also expected to generate employment opportunities for the youth with technical skills in manufacturing, installation and maintenance.

Furthermore, households are likely to save up to 15,000-18,000 rupees annually. They will also be empowered to sell the surplus power, if any, to distribution companies.

<h2>Oil Seeds</h2>

To achieve "atmanirbharta" (self-reliance) for oil seeds, a strategy would be formulated, announced Sitharaman. The strategy, she said will cover "research for high-yielding varieties, widespread adoption of modern farming techniques, market linkages, procurement, value addition, and crop insurance." &nbsp;

<h2>Dairy Industry</h2>

To exploit India's status as world's largest milk producer, a comprehensive programme for supporting dairy farmers will be formulated.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/india-interim-budget-nation-has-successfully-navigated-the-global-challenges-says-fm-sitharaman-685829">India interim Budget: Nation has successfully navigated global challenges, says FM Sitharaman</a>

As per Sitharaman, this would be built on "the success of existing schemes such Rashtriya Gokul Mission, National Livestock Mission, and Infrastructure Development Funds for dairy processing and animal husbandry."

<h2>Fisheries</h2>

To further enhance India's fisheries industry, the aquaculture productivity will be increased from existing three to five tonnes per hectare.

Additionally, exports will be doubled to one lakh crore (one trillion rupees). This would help generate&nbsp;around 55 lakh (5.5 million) employment opportunities.

Watch:&nbsp;India Budget 2024 | Nirmala Sitharaman on poor: 'Garib ka kalyan, desh ka kalyan'

<iframe allowfullscreen="" autoplay="1" frameborder="0" height="350" src="https://www.wionews.com/videos/india-budget-2024-nirmala-sitharaman-on-poor-garib-ka-kalyan-desh-ka-kalyan-685835/embed" width="560"></iframe>

<h2>Electric Vehicle Ecosystem</h2>

To expand and strengthen the e-vehicle ecosystem, the government plans to support manufacturing and charging infrastructure.&nbsp;

<h2>Bio-manufacturing and Bio-foundry</h2>

To promote green growth, a new scheme of bio-manufacturing and bio-foundry will be launched.&nbsp;

This, Sitharaman said "will provide environment friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs."

Thursday's budget was the last budget of the second term of the Narendra Modi led BJP government.

Indian Finance Minister Nirmala Sitharaman on Thursday (Feb 1st) presented the interim Budget speech in the Lok Sabha, lower house of the Parliament, During her sixth straight budget, Sitharaman announced a slew of revolutionary schemes for a variety of industries.

Indian Finance Minister Nirmala Sitharaman on Thursday (Feb 1st) presented the interim Budget speech in the Lok Sabha, lower house of the Parliament, During her sixth straight budget, Sitharaman announced a slew of revolutionary schemes for a variety of industries. Here are some you must know. Solar Energy During her interim Budget speech, Sitharaman announced that through rooftop solarisation, one crore (10 million) households will be enabled to obtain up to 300 units of free electricity every month. She said that this scheme follows the resolve of Prime Minister Narendra Modi on the historic day of consecration of Ram Mandir in Ayodhya. Also read | India Budget 2024 | 250 million people came out of poverty in the last 10 years: FM Sitharaman The scheme, as per the Indian Finance Minister will create entrepreneurship opportunities for numerous vendors in regards to supply and installation. It is also expected to generate employment opportunities for the youth with technical skills in manufacturing, installation and maintenance. Furthermore, households are likely to save up to 15,000-18,000 rupees annually. They will also be empowered to sell the surplus power, if any, to distribution companies. Oil Seeds To achieve "atmanirbharta" (self-reliance) for oil seeds, a strategy would be formulated, announced Sitharaman. The strategy, she said will cover "research for high-yielding varieties, widespread adoption of modern farming techniques, market linkages, procurement, value addition, and crop insurance." Dairy Industry To exploit India's status as world's largest milk producer, a comprehensive programme for supporting dairy farmers will be formulated. Also read | India interim Budget: Nation has successfully navigated global challenges, says FM Sitharaman As per Sitharaman, this would be built on "the success of existing schemes such Rashtriya Gokul Mission, National Livestock Mission, and Infrastructure Development Funds for dairy processing and animal husbandry." Fisheries To further enhance India's fisheries industry, the aquaculture productivity will be increased from existing three to five tonnes per hectare. Additionally, exports will be doubled to one lakh crore (one trillion rupees). This would help generate around 55 lakh (5.5 million) employment opportunities. Watch: India Budget 2024 | Nirmala Sitharaman on poor: 'Garib ka kalyan, desh ka kalyan' Electric Vehicle Ecosystem To expand and strengthen the e-vehicle ecosystem, the government plans to support manufacturing and charging infrastructure. Bio-manufacturing and Bio-foundry To promote green growth, a new scheme of bio-manufacturing and bio-foundry will be launched. This, Sitharaman said "will provide environment friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs." Thursday's budget was the last budget of the second term of the Narendra Modi led BJP government.

India Budget 2024: Revolutionary steps announced for solar, dairy and fisheries industries - check details

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