Union Budget 2024-25 Key Takeaways: From Tourism to Income Tax and More, Highlights of Nirmala Sitharaman's Interim Budget Speech
In her Union Budget 2024-25 speech, Finance Minister Nirmala Sitharaman outlined a profound transformation of India슬롯사이트™s economy. The government슬롯사이트™s focus is on improving conditions for the poor, women, youth, and farmers, setting the stage for welfare schemes in these areas.
New Delhi, February 01: Finance Minister Nirmala Sitharaman presented the Interim Budget for FY-2024-25. This Budget will be the last one by the Modi government before the country heads to General elections.
In her Union Budget 2024-25 speech, Finance Minister Nirmala Sitharaman outlined a profound transformation of India슬롯사이트™s economy. The government슬롯사이트™s focus is on improving conditions for the poor, women, youth, and farmers, setting the stage for welfare schemes in these areas.슬롯 머신 사이트 추천Union Budget 2024-25: Indian Economy Witnessed Profound Positive Transformation in Last 10 Years, Says FM Nirmala Sitharaman (Watch Video).
Union Budget 2024-25: Highlights From Nirmala Sitharaman슬롯사이트™s Interim Budget
Key takeaways from the Budget 2024 include:
- The government is focused on a more comprehensive GDP - governance, development, performance.
- Over the past decade, the government has lifted 250 million people out of poverty.
- Benefits from the crop insurance scheme will reach 40 million farmers.
- Inflation has moderated, and economic growth has picked up.
- Tax reforms have broadened the tax base and increased tax collections.
- The next five years are projected to see unprecedented economic growth in India.
- The government aims to make India 슬롯사이트˜Viksit슬롯사이트� (developed) by 2047.
- A new scheme will be launched to strengthen deep tech for defence purposes.
- The government will assist deserving middle-class sections in building their own houses.
- The government plans to build 20 million affordable houses in the next five years, adding to the 30 million houses already built.
- The success of self-help groups has empowered 1 crore women to become 슬롯사이트œLakhpati didis슬롯사이트�.
- The FY24 fiscal deficit is expected to be lower than the target at 5.8% of GDP; it is pegged at 5.1% in FY25 with an aim to reduce it to 4.5% by FY26.
- There will be no changes in taxation - both direct and indirect.
- Tax benefits for startups and investments made by sovereign wealth and pension funds will be extended to March 2025.
- Significant investment will be made in the country슬롯사이트™s tourism sector, with the island Union Territory of Lakshadweep receiving undivided attention to improve its tourist infrastructure.
FM Sitharaman lowered down FY25 fiscal deficit target to 5.1% of the GDP. There were no changes made to the direct tax and indirect tax rates.
(The above story first appeared on LatestLY on Feb 01, 2024 01:13 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).