Union Budget 2024 Live: Standard Deduction for salaried employees hiked to Rs 75,000
FM Nirmala Sitharaman presents Modi 3.0 govt's first budget
Finance Minister Nirmala Sitharaman Tuesday presented her seventh straight Union Budget (Photo: PTI)
CHENNAI: Finance Minister Nirmala Sitharaman Tuesday presented her seventh straight Union Budget.
FM Sitharaman marks her seventh consecutive budget eclipsing the late Moraji Desai's record of six consecutive budgets, which is likely to focus on changes in the income tax structure and improving the ease of doing business in India.
All eyes are on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their hands, as there is tax buoyancy.
Besides, the market also expects staying on the fiscal glide path to lower the fiscal deficit to 4.5 per cent of GDP by 2025-26.
Sitharaman, who would be presenting her seventh straight budget, had in her first Budget in 2019 replaced the leather briefcase -- which had been in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth.
This year's Budget would be in paperless form, as done in the last three years.'
Live Updates
- 23 July 2024 6:01 AM GMT
Govt allocates over Rs 3 lakh crore for schemes benefiting women, girls: FM in LS
- 23 July 2024 6:01 AM GMT
🔴 Union Budget 2024: Get live updates on the #BudgetSession here!#DTNext #UnionBudget #UnionBudget2024 #NirmalaSitharaman #FinancialBudget2024
— DT Next (@dt_next) July 23, 2024 - 23 July 2024 5:59 AM GMT
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."
- 23 July 2024 5:58 AM GMT
Govt proposes Rs 26,000 crore for various road projects in Bihar, says FM in Lok Sabha
- 23 July 2024 5:58 AM GMT
We will formulate plan Purvodaya for all round development of Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh: FM
- 23 July 2024 5:56 AM GMT
On Education loans, FM Sitharaman says,"Govt to provide financial support for loans up to Rs 10 lakhs for higher education in domestic institutions."
- 23 July 2024 5:55 AM GMT
Finance Minister Nirmala Sitharaman says, "Our govt will implement three schemes for employment-linked incentives as part of the Prime Minister's package. These will be based on enrollment in the EPFO and focus on recognition of the first time employees and support to employees and employers."
- 23 July 2024 5:49 AM GMT
Fast-tracking growth of rural economy and employment opportunity will be policy goal: FM in Budget
- 23 July 2024 5:48 AM GMT
Finance Minister Nirmala Sitharaman says, "This year the allocation for agriculture and allied sectors is Rs 1.52 lakh crore."
- 23 July 2024 5:47 AM GMT
Budget's 9 priorities include productivity, jobs, social justice, urban development, energy security, infrastructure, and reforms: FM
