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 5:47 AM GMT
Finance Minister Nirmala Sitharaman says, "New 109 high-yielding and climate resilient varieties of 32 field and horticulture crops will be released for cultivation by farmers. In the next 2 years, 1 crore farmers will be initiated into natural farming supported by certification and branding..."
- 23 July 2024 5:45 AM GMT
Budget for FY25 to provide Rs 1.48 lakh crore for education and employment and skill: FM Sitharaman
- 23 July 2024 5:45 AM GMT
The global economy, while performing better than expected, is still in the grip of policy uncertainties, elevated asset prices, political uncertainties and shipping disruptions continue to pose significant downsize risks to inflation. In this context, India's economic growth continues to be the shining exception and will remain so in the years ahead, says Finance Minister Nirmala Sitharaman
- 23 July 2024 5:45 AM GMT
People have given unique opportunity to our govt to take India on path of strong development, all round prosperity: FM in LS
- 23 July 2024 5:44 AM GMT
Union Finance Minister Nirmala Sitharaman says "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, women, youth and the farmer/ For farmers, we announced higher Minimum Support Prices for all major crops delivering on the promise for at least a 50% margin over cost. PM Garib Kalyan Anna Yojana was extended for 5 years benefitting more than 80 crore people."
- 23 July 2024 5:43 AM GMT
PM Garib Kalyan Ann Yojna was extended for 5 years benefiting 80 crore people: FM Sitharaman in LS
- 23 July 2024 5:42 AM GMT
India's inflation continues to be stable and moving towards 4 pc target; core inflation stands at 3.1 pc, says finance minister
- 23 July 2024 5:42 AM GMT
Global economy is still in the grip of policy uncertainty, says Finance Minister
