Union Budget 2024 Details: ‘We will focus on employment, middle class and skill creation’: Finance Minister
“We will focus on employment, middle class and skill creation. We will see to it that employment is created, workers’ skills increase.’ Announcement of Finance Minister.
Union Budget 2024 Details: ‘Those creating new employment will get Rs 3,000 EPFO subsidy’: Finance Minister
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- We are taking up 3 projects for employment.
- ‘These are for those entering the labour market for the first time in EPFO’
- ‘One month’s salary will be given to them’
- ‘One month’s salary up to 50 thousand rupees will be given in 3 instalments’
- ’10 lakh people will benefit from this
- ‘Those who are creating new employment will get a subsidy of Rs 3 thousand in EPFO’
- ‘We want more women in the workforce’
- ‘For that girls’ hostels and women’s training centres will be built
- ‘Government to provide loan for skill development with government guarantee’
- ‘Government will help in taking loans up to 10 lakh rupees to study within the country’
- ‘E-vouchers will be given to 1 lakh students every year’
- ‘Government targeting women, youth, poor, backward’
- ‘To help small traders, vendors and women entrepreneurs’
- ‘In this case, I will keep an eye on the development of Bihar, West Bengal, Odisha and Andhra Pradesh’
Union Budget 2024 Details: ‘Andhra Pradesh will be given a special financial package of Rs 50,000 crore’, Finance Minister announced
‘Andhra Pradesh will be given a special financial package of Rs 50,000 crore. Funds will be allocated for infrastructure development under the restructuring of Andhra Pradesh.
Union Budget 2024 Details: ‘Government will help in taking loans up to 10 lakh rupees for studying within the country’
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On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- ‘Government will help in taking loans up to 10 lakh rupees to study within the country’
- ‘E-vouchers will be given to 1 lakh students every year’
- ‘Government targeting women, youth, poor, backward’
- ‘To help small traders, vendors and women entrepreneurs’
- MSME Budget Live Updates: ‘Credit Guarantee Scheme for MSMEs’
- ‘Credit Guarantee Scheme for MSME’
- ‘Self-financing guarantee fund worth Rs 100 crore is being prepared’
- ‘Government banks will give loans to MSMEs after evaluation’
- ‘Repaying earlier loans will entitle them to more loans’
Urban Development Union Budget 2024 Details: ‘Rs 10 lakh crore allocated for urban development’
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- ‘Cities will be made centres of growth’
- ‘Government to adopt a policy for urban development’
- ’14 major cities with a population of more than 30 lacks will be built for housing
- `10 lakh crore has been allocated for the development of the town’
Stamp Duty Deduction For Women: ‘Stamp duty will be reduced if women buy property’
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- ‘Stamp duty to be reduced if women buy property’
- ‘Funds will be allocated by creating a separate scheme for household solar energy generation’
- “The central government has already invested a lot of money in infrastructure development.”
Union Budget 2024 Details: ‘Assam flood control will also be helped’, Finance Minister announced
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- ‘Irrigation and floods in Bihar make people suffer’
- ’11 thousand 500 crores have been allocated for this”
- ‘Koshi River Flood Control and Irrigation Scheme Created’
- ‘Assam’s flood control will also be helped’
- ‘Tourism industry is very important in our country’
- ‘Rajgir hot spring to be improved’
- ‘Nalanda will be developed as a tourist hub’
Tourism Industry Budget Live Updates: ‘Government to help develop tourism centres in Odisha’: Finance Minister
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- ‘Tourism industry is very important in our country’
- ‘Rajgir hot springs to be improved’
- ‘Nalanda will be developed as a tourist hub’
- ‘Government to help develop Odisha’s tourist centres’
PMAY Budget 2024 Live Updates: ‘3 crore more houses to be provided under Pradhan Mantri Awas Yojana’
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- Pradhan Mantri Garib Kalyan Anna Yojana announced to increase for another 5 years
- ‘Another Rs.3 crore houses to be given under Pradhan Mantri Awas Yojana’
- “Rs.3 lakh crore has been allocated to increase women’s skills”
- Emphasis on employment in the budget, several projects announced for the first jobs
- First job: The Center will give up to 15 thousand in 3 instalments with a salary of up to 1 lakh
- ‘2 Crore 10 Lakhs will benefit from this project’
- 3 thousand rupees subsidy announced to EPFO to create new employment
- Center announces exemption on stamp duty if women buy houses
- Announcement of loans up to 10 lakhs at 3 per cent interest for higher education
- Currency loan is increasing from Rs. 10 lakh to Rs. 20 lakh
- The centre will give 1 month’s wages on entering the formal sector for the first time.
Union Budget 2024 Details: Gold, Silver, Phones, Solar Panels, Leather Goods, Power Cables Prices Drop
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- Center waives import duty on 3 cancer drugs.
- Exemption in import duty of multiple technologies of mobile phones and chargers.
- 6.4% lotus import duty on gold, silver, platinum.
- Gold, silver, phones, solar panels, leather goods and power cables are falling in price.
- Lithium batteries will be cheaper.
- A 4% reduction in copper import duty is announced in the budget.
- Import duty on PVC and plastic products increased.
Income Tax Union Budget 2024 Details: Income tax remains unchanged, Union Finance Minister assures further simplification of income tax structure
On budget day Indian Finance Minister MS. Nirmala Sitaraman said:
- Income tax remained unchanged
- ‘Not paying TDS on time is not a crime’
- Exemption on capital gains increased from Rs 1 lakh to Rs 2.25 lakh —
- Budget announces reduction of TDS on e-commerce
- Union Finance Minister assures further simplification of income tax structure
- Income Tax Union Budget 2024 Details: Income tax remains unchanged, Union Finance Minister assures further simplification of income tax structure.
Income tax remained unchanged
- ‘Not paying TDS on time is not a crime’
- Exemption on capital gains increased from Rs 1 lakh to Rs 2.25 lakh —
- Budget announces reduction of TDS on e-commerce
- Union Finance Minister assures further simplification of income tax structure
Union Budget 2024 Details: Standard deduction increased from 50 thousand to 75 thousand rupees in the new structure
- Standard deduction increased from Rs.50,000 to Rs.75,000 under the new structure.
- 17 thousand 500 rupees profit in new income tax structure: Union Finance Minister
- New Income Tax Structure: 5% on income between 3 to 7 lakhs
- New Income Tax Structure: 10% on income from 7 to 10 lakhs
- New Income Tax Structure: 15% on income from 10 to 12 lakhs
- New Income Tax Structure: 20% on income from 12 to 15 lakhs
Union Budget 2024 Details:
- Bihar’s allocation for flood control, Bengal’s receipt is zero in this case.
- Special allocation for Koshi River flood control and construction of irrigation projects.
- Bihar’s tourism is also given special attention in the central budget.
Union Budget 2024 Details: Fiscal Deficit 4% of GDP 9 percent
- 4.9 per cent Fiscal deficit of total GDP. The government aims to reduce this deficit by another 4.5 per cent in the coming year.
- Union Budget 2024 Details: Exemption available for investing in shares and mutual funds
- The new tax structure in the budget brings some relief to the middle class—unchanged old tax structure. Exemption is available for investing in shares and mutual funds.
Union Budget 2024 Details: Special allocation for flood control in Assam, Himachal, Arunachal Pradesh, Uttarakhand, Sikkim
- 11 thousand 500 crores allocated to Bihar for flood, and drought control –
- Special allocation for Assam, Himachal, Arunachal Pradesh, Uttarakhand, and Sikkim for flood control
- Bihar’s allocation for flood control, Bengal’s receipt is nill.