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

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…"

Budget 2024 LIVE Updates: This budget will give power to every section of the society, 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…"

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

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…"

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.

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

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.

Budget 2024 LIVE Updates: 20% TDS on repurchase by MF or UTI withdrawn

• 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.

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.

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

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

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

• 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

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

Budget 2024 LIVE Updates: Sensex down 700 points

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

Budget 2024 LIVE Updates: Govt announces that angel tax to 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

Budget 2024 LIVE Updates: On long-term capital gains

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

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

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

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

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%.

Budget 2024 LIVE Updates: On GST, govts says to rationalize the tax structure

Budget 2024 LIVE Updates: FM announces NPS for minors

Budget 2024 LIVE Updates: Fiscal deficit estimated at 4.9% of GDP

Budget 2024 LIVE Updates: Sitharaman takes spiritual tourism forward with Kashi Vishwanath, Nalanda and more

Budget 2024 LIVE Updates: Flood concerns flood parliament

The Finance Minister acknowledged that Bihar has frequently suffered from floods, noting that plans to build flood control structures in Nepal have yet to progress. The government will provide financial support with an estimated cost of Rs 11,500 crore. Assam, which grapples with floods every year, will receive assistance for flood management and related projects. Himachal Pradesh, having suffered extensive losses due to floods, will also receive support for reconstruction through multilateral assistance. Additionally, Uttarakhand, which faced significant damage from landslides and cloudbursts, will be provided with necessary assistance.

Budget 2024 LIVE Updates: Govt pushes for private-driven research at commercial scale

The Finance Minister stated that a mechanism will be established to spur private-driven research at a commercial scale, supported by a financial pool of Rs 1 lakh crore, as announced in February.

Budget 2024 LIVE Updates: Priority – 7 Infrastructure

• Strong fiscal support to Infra over next 5 years
• This Year’s CAPEX allocation: Rs. Eleven Lakh Eleven Thousand One Hundred and Eleven Crore Rupees. 3.4 percent of GDP.
• Private Investment in INFRA: Have to be Promoted through VGF
• PMGSY 4.0 will be launched: 25,000 new rural habitations.
• Irrigation and Flood: Plans to build flood control structure through financial support of Rs.11,500 crore. Kosi related flood mitigation will be taken
• ASSAM: Assistance to assam for flood management.
• HP: assistance to state for reconstruction ravaged with floods
• Uttarakhand: Assistance to states
• Sikkim: Assistance to state
• Tourism: Vishnupath temple at Gaya and Mahabodhi temple in Bodhgaya will be constructed like Kashi Vishwanath corridor. Rajgir: preservation of hot springs. Development of NALANDA.
• Support for development of Odisha’s temples, scenic beauties, natural landscapes and pristine beaches;

Budget 2024 LIVE Updates: Priority – 6 Energy Security

• A policy document for energy pathways
• PM Suryaghar Muft Bijli Yojana: launched to install rooftop solar plants to enable one crore households to obtain free electricity for 300 units every month. Remarkable response from the public.
• Pump Storage Policy
• Newer tech for nuclear technology.
• Advanced ultra super critical thermal power plants. 800 mw plants will be set up.
• Dev of indigenous capacity
• Support to micro and small industries.

Budget 2024 LIVE Updates: Priority 5 in Budget Urban Development

• Urban Housing: Urban 2.0. one crore houses for urban poor, allocation of ten lakh crore rupees.
• Enabling policies and regulations for transparent renting house markets
• Services for 100 large cities for urban development
• Street Markets: Svanidhi has transformed lives of street vendors. Support for urban haats
• Stamp Duty: Encourage states to charge high stamp duty to moderate the rates for all. Slashing of duties for women

Budget 2024 LIVE Updates: Priority 4 in Budget Manufacturing and Services

• Will make MSME to compete globally
• Credit Guarantee for MSME.
• Build In House capability for MSMEs.
• Paradigm change in New Credit assessment model for MSME for credit eligibility.
• SMA Accounts for MSME in Stress.
• MUDRA Loans: limit enhanced to 20 lakhs from 10 lakhs in Tarun category.
• Converting trade receivables to cash: turnover brought down from Rs.500 to Rs.250 crore
• SIDBI branches in MSME Cluster: new branches to be opened in 3 years in MSME clusters over 3 years
• E-commerce export hubs: to enable traditional artisans and MSME to launch their product in international markets
• A scheme to provide internship in top 500 companies to 1 crore youth in 5 years. They will gain exposure to real life business. Interns will be given Rs.5,000 per month along with one time assistance of Rs.6,000.
• 12 industrial parks under National Industrial Corridor Program will be Sanctioned.
• Rental housing for industrial workers will be facilitated in PPP Mode.
• Shipping: Ownership leasing and flagging reforms will be initiated.
• Critical Minerals Mission: mandate will include tech development, skilled workforce and suitable financing mechanism.
• DPI Applications: Development of DPI applications.
• Integrated tech platform for IBC services: consistency, transparency and better oversight.
• Voluntary closure for LLPS.
• IBC has resolved more than 1, 000 companies- giving Rs.3.3 lakh crore to creditors
• Debt Recovery: Additional tribunals to be established