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 4:37 AM GMTBudget copies arrive in Parliament, Finance Minister Nirmala Sitharaman to present the Union Budget today in Lok Sabha.
- 23 July 2024 4:35 AM GMT
Finance Minister Nirmala Sitharaman carrying the Budget tablet arrives at Parliament along with her team, to present the first Budget in the third term of Modi Government.
- 23 July 2024 4:35 AM GMT
Finance Minister Nirmala Sitharaman meets President Droupadi Murmu at Rashtrapati Bhavan, ahead of the Budget presentation at 11am in Parliament.
- 23 July 2024 4:22 AM GMT
Finance Minister Nirmala Sitharaman to present Union budget today, for the seventh consecutive term.
A resident of Chennai, Mahavir Dugar says, "We are waiting for the Nirmala Sitharaman's budget. I think, this time also the budget will be good. People are upset in the villages and I think, assembly elections are there and hence they must improve. They'll give a lot of concessions, the economy is growing and people needn't worry. Everybody's income has increased."
- 23 July 2024 4:20 AM GMT
“Government knows better about what people expect. That can be implemented I think. It (Budget) should be in the favour of common people,” says a passenger at Chennai Central Railway Station.
“They can little bit reduce the fair of first-class fair and Second AC fair,” he said further on expectations from the Railway Budget.
- 23 July 2024 4:07 AM GMT
DMK leader TKS Elangovan says, "First ten years what they had done, they will continue because Nirmala Sitharaman is presenting her 7th budget. But all the six budgets earlier presented by her had so many promises which were not fulfilled so far. Their budget exercise is only for some of the rich people in this country not for the poor people. The NSSO had several times stated that the domestic consumption hunt had gone down. Domestic consumption of the poor people, BPL family people and the middle-income people have gone down. They could not purchase anything. But this government had waived loans for very rich people, thousands of crores. They need money to support the rich people who have failed in their industrial process. That is what this budget is for and this government is for..."
