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Budget 2024 LIVE: Budget Will Give Power To Every Section Of The Society, Says Prime Minister Modi

Reported By: Aparna Deb

News18.com

Last Updated: July 23, 2024, 14:12 IST

New Delhi, India

FM Nirmala Sitharaman At the Finance Ministry
FM Nirmala Sitharaman At the Finance Ministry

Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha today

Finance Minister Nirmala Sitharaman on Tuesday (July 23) said the Union Budget 2024-2025 reflects the Centre’s sustained efforts for ‘Viksit Bharat’ (developed India). She announced the prime minister’s package of five schemes for employment, skilling and other opportunities and said the government’s focus is on four major classes – the poor, women, youth and farmers.

“People of India have reinforced their faith in the government led by PM Narendra Modi and re-elected it for the third term. India’s economic growth continues to shine while the global economy is still in the grip of policy uncertainty,” she said, while presenting her seventh consecutive budget, breaking the record of former prime minister Morarji Desai.

Stay informed with our comprehensive coverage of Union Budget 2024. Get the latest on new income tax slab rates for AY 2024-25 in Income Tax Slabs Budget 2024 LIVE Updates . Track the impact of Budget 2024 on the stock market in Stock Market Budget Day 2024 LIVE Updates. Watch Union Budget LIVE Streaming here

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  • July 23, 2024
    14:12 IST

    Budget 2024 LIVE Updates: This Budget is for the empowerment of the new middle class, says PM Modi

    Prime Minister Narendra Modi said “In the last 10 years, 25 crore people have come out of poverty. This budget is for the empowerment of the new middle class. The youth will get unlimited opportunities from this budget. Education and skill will get a new scale from this budget. This budget will give power to the new middle class…This budget will help women, small businessmen, MSMEs…”

  • July 23, 2024
    14:11 IST

    Budget 2024 LIVE Updates: This budget will give power to every section of the society, Says PM Modi

  • July 23, 2024
    14:08 IST

    Budget 2024 LIVE Updates: PM Modi addresses the nation after Budget presentation

  • July 23, 2024
    13:56 IST

    Budget 2024 LIVE Updates: Amit Shah on Sitharaman's Budget

    The budget not only exemplifies Bharat’s newfound sense of purpose, hope, optimism under Modi govt but also fortifies them, said Amit Shah.

  • July 23, 2024
    13:37 IST

    Budget 2024 LIVE Updates: Govt's expenditure on major items

    • Defence: 4,54,773 cr
    • Rural Development: 2,65,808 cr
    • Agriculture and Allied Activities: 1,51,851 cr
    • Home Affairs: 1,50,983 cr
    • Education: 1,25,638 cr
    • IT and Telecom: 1,16,342 cr
    • Health: 89,287 cr
    • Energy: 68,769 cr
    • Social Welfare: 56,501 cr
    • Commerce & Industry: 56,501 cr

  • July 23, 2024
    13:10 IST

    Budget 2024 LIVE Updates: Here's all what Andhra is getting from Modi 3.0's Budget

    • Union Budget 2024 Live Updates: Financial support of Rs 15,000 crores will be arranged in FY 24-25
    • Completion of Polavaram Irrigation Project ensuring food security of the nation
    • Essential infrastructure such as water, power, railways and roads in Kopparthy node on the Vishakhapatnam-Chennai Industrial Corridor and Orvakal node on Hyderabad-Bengaluru Industrial Corridor.

  • July 23, 2024
    12:47 IST

    Budget 2024 LIVE Updates: 20% TDS on repurchase by MF or UTI withdrawn

  • July 23, 2024
    12:47 IST

    Budget 2024 LIVE Updates: Defence outlay set at Rs 4.56 lakh crore

    The defense outlay has been set at Rs 4.56 lakh crore, compared to Rs 4.55 lakh crore previously.

  • July 23, 2024
    12:44 IST

    Budget 2024 LIVE Updates: On Union Budget, TMC MP says Kalyan Banerjee says, "This is a 'kursi bachao' budget."

  • July 23, 2024
    12:32 IST

    Budget 2024 LIVE Updates: In new tax regime, tax rate structure to be revised

    • 0-3L Zero
    • 3-7L 5%
    • 7-10L 10%
    • 10-12L 15%
    • 12-15L 20%
    • 15 & above, 30%

      Salaried employees in the new tax regime will save up to Rs 17,500 in income tax

  • July 23, 2024
    12:30 IST

    Union Budget 2024 LIVE Updates: Govt raises deduction limit to 14 per cent from 10 per cent for employers contribution for NPS

  • July 23, 2024
    12:28 IST

    Union Budget 2024 LIVE Updates: Angel tax Abolished

    Angel tax is levied on the capital raised via the issue of shares by unlisted companies from an Indian investor if the share price of issued shares is seen in excess of the fair market value of the company. The excess realization is considered as income and therefore, taxed accordingly

  • July 23, 2024
    12:23 IST

    Budget 2024 LIVE Updates: Sensex down 700 points

  • July 23, 2024
    12:23 IST

    Budget 2024 LIVE Updates: Govt announces that angel tax to abolished

  • July 23, 2024
    12:23 IST

    Budget 2024 LIVE Updates: On long-term capital gains

    The Finance Minister announced that long-term capital gains on all financial and non-financial assets will attract a tax rate of 12.5%. Additionally, the limit of exemption for capital gains will be set at Rs 1.25 lakh per year.

  • July 23, 2024
    12:17 IST

    Budget 2024 LIVE Updates: Two Tax Incentive Regimes For Charity Sector Will Be Merged Into One

  • July 23, 2024
    12:13 IST

    Budget 2024 LIVE Updates: Propose To Remove BCD On Oxygen Free Copper For Mfg Of Resistors & Connectors

  • July 23, 2024
    12:13 IST

    Budget 2024 LIVE Updates: Customs duty on gold and silver to be reduced to 6%, platinum to 6.4%

  • July 23, 2024
    12:12 IST

    Budget 2024 LIVE Updates: Govt To Cut Customs Duty Of Mfg Leather, Footwear

  • July 23, 2024
    12:12 IST

    Budget 2024 LIVE Updates: Govt cuts duty on mobiles and accessories to 15 %

    The Finance Minister stated that the Indian mobile industry has matured and proposed to reduce the Basic Customs Duty (BCD) on mobile phones, mobile PCDA (Printed Circuit Design Assembly), and mobile charges to 15%.

first published:July 23, 2024, 04:59 IST
last updated:July 23, 2024, 14:07 IST