LIVE Interim Budget 2024: No Change in Income Tax, Full Budget in July for pursuit of Viksit Bharat, says FM Sitharaman
February 1, 2024
New Delhi: Interim Budget 2024 which is also Last budget of Modi Government 2.0 will be presented today. Finance Minister Nirmala Sitharaman will present the budget.
An interim budget serves as a temporary measure, often lacking extensive policy considerations, and typically earmarks funds for crucial government operations over a brief period. Consequently, it undergoes less scrutiny and debate in Parliament.
But this budget comes before the general elections, therefore big things can be expected from the Modi Government.
Follow here for updates:
- Roadmap of Viksit Bharat in July: Finance Minister Nirmala Sitharaman in her concluding remarks said that their government in July will present full budget for the fulfillment of ‘Viksit Bharat.’ She said, “In the full budget in July, our Government will present a detailed roadmap for our pursuit of Viksit Bharat”
- New Housing scheme for Middle Class: FM Nirmala Sitharaman announced Launch of a scheme to assist deserving sections of the middle class living in rented houses, slums, chawls, or unauthorized colonies to buy or build their own houses. New Housing scheme for middle class will help them in buying their own house.
- No Change in Tax slab: Finance Minister Nirmala Sitharaman announces that there will be no change in the Tax slab. She said, “I propose to retain the same tax rates for direct and indirect taxes including import duties.”
- New Medical Colleges to be setup: FM Sitharaman announces, “Our government plans to set up more medical colleges by utilising the existing hospital infrastructure under various departments. A committee for this purpose will be set up to examine the issues and make relevant recomendations.”
- Ayushman Bharat Scheme to cover ASHA and Angandwadi workers: FM Sitharaman announces, “The health cover under the Ayushman Bharat scheme will be extended to all ASHA and Anganwadi workers and helpers.
- Nirmala Sitharaman is presenting Budget in the parliament. In her Interim Budget speech, FM Sitharaman said, “The Indian economy has witnessed a profound positive transformation in the last 10 years, The people of India are looking ahead to the future with hope and optimism. With the blessings of the people, when our government – under the leadership of PM Narendra Modi – assumed office in 2014, the country was facing enormous challenges with Sabka Saath, Sabka Vikas as its mantra. The Government overcame those challenges in right earnest.”
- Finance Minister Nirmala Sitharaman started presenting the Budget. Watch live here
- Union Minister Nirmala Sitharaman along with other officials met President Droupadi Murmu. 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. President Murmu extended her best wishes to the Union Finance Minister.
- Finance Minister Nirmala Sitharaman carrying the Budget tablet arrives at Parliament, to present the country’s interim Budget.
