Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman will present Union Budget 2024 on February 1, 2024 and expectations are high on the infrastructure, healthcare, education, income tax front. All eyes are on the Interim Budget 2024 as the Narendra Modi government focuses on sustaining India’s GDP growth momentum, while at the same time moving on the fiscal glide path to attain an acceptable fiscal deficit target. India is the fastest growing major economy in the world and in the coming years will become the world’s third largest economy with a $5 trillion GDP. FM Nirmala Sitharaman’s Budget 2024 Vote On Account is expected to provide a path to that goal.
"Our government will adopt economic policies that foster and sustain growth, facilitate inclusive and sustainable development, improve productivity, create opportunities for all, help them enhance their capabilities and contribute to generation of resources to power investments and fulfuill aspirations..."
"Our government will adopt economic policies that foster and sustain growth, facilitate inclusive and sustainable development, improve productivity, create opportunities for all, help them enhance their capabilities and contribute to generation of resources to power investments and fulfuill aspirations..."
The economy is doing well. Inflation is moderate," says FM Sitharaman during interim Budget presentation.
PM SVANIDHI has provided credit assistance to 78 lakh street vendors, from that total, 2.3 lakh have received credit for the third time PM JANMAN Yojana reaches out Particularly Vulnerable Tribal Groups PM Vishakarma Yojana provides end to end support to artisans and craftspeople Scheme for empowerment of Divyang and transgender people reflects our resolve to leave no one behind.
There is transparency and assurance that benefits are received to all eligible people, all regardless of their social standing get access to opportunities We are addressing systemic inequalities which have plagued our society, our focus is on outcomes and not on outlays so that socioeconomic transformation is achieved
I hope the provisions of this budget will be to fulfil the aims of becoming Viksit Bharat and a 5 trillion dollar economy
Union minister Anupriya Patel
Before the actual presentation in Parliament, the Cabinet headed by Prime Minister Narendra Modi will approve the Budget for fiscal year 2024-25 (April 2024 to March 2025).
Expectations are running high as Sitharaman presents her sixth budget in the Lok Sabha on Thursday. She has her task cut out to maintain the world's fastest-growing economy tag for India while staying fiscally prudent and meeting general public expectations of lowering taxes in an election year.
Sitharaman continued with the tradition she set in 2019, carrying the budget speech in a 'bahi-khata', which she used after ditching the briefcase. She kept a digital tablet in a red 'bahi khata' style pouch.
The economy is projected to expand by 7.3 per cent in the current fiscal year, as per official estimate.
Budget 2024: Nirmala Sitharaman meets President Murmu ahead of Budget speech
-Finance minister Nirmala Sitharaman on Thursday called on President Droupadi Murmu before presenting the pre-election Budget for 2024-25. As per established tradition, the finance minister met the President at the Rashtrapati Bhawan before heading to Parliament. President Murmu extended her best wishes to the finance minister.
"Union Minister of Finance and Corporate Affairs Smt Nirmala Sitharaman along with Ministers of State Dr Bhagwat Kishanrao Karad and Shri Pankaj Chaudhary and senior officials of the Ministry of Finance called on President Droupadi Murmu at Rashtrapati Bhavan before presenting the Union Budget," Rashtrapati Bhawan said in a post on X (formerly Twitter).
