The Finance Minister presents the Union Budget in Parliament. This presentation includes an
overview of the economic situation, policy proposals, and detailed allocations for various
sectors.
The Union Budget in India is a comprehensive financial plan presented annually by the
government, outlining its revenue and expenditure for the fiscal year. It plays a crucial role
in shaping economic policies and allocating resources.
The Union Budget is typically presented in Parliament at the end of February. However, the exact
date can vary each year.
The Union Budget may introduce changes in tax policies, rates, and exemptions, affecting
individual taxpayers. It's essential for individuals to stay informed about any amendments that
might impact their financial planning.
Individuals should pay attention to allocations for sectors like health, education,
infrastructure, and social welfare, as well as any changes in tax policies, subsidies, and
economic growth projections.
You can find detailed information about the Union Budget on the official website of the Ministry
of Finance, Government of India, or through reputable news sources.
The budget outlines allocations for social welfare programs, education, healthcare, and other
development initiatives. Understanding these allocations helps individuals gauge the
government's commitment to social development.
Stay informed through official government sources, tax department notifications, or consult tax
professionals to understand any changes in income tax rules.
The budget may include measures to encourage startup growth, such as tax incentives, funding
programs, and policy reforms.
The budget typically includes allocations for agricultural development, rural infrastructure,
and welfare programs for farmers.
Changes in the budget may influence monetary policy, affecting interest rates on loans and
savings. Keeping an eye on these changes is essential for financial planning.
The budget allocates funds for infrastructure projects, such as roads, railways, and urban
development, to enhance connectivity and economic growth.
BUDGET 2024 UPDATES
Budget 2024: Nirmala Sitharaman promises 2 crore houses in 5 years amid rising population
Average GST monthly collection has doubled to Rs 1.66 lakh crore - FM
No changes in direct or indirect taxes - FM
Tax receipts estimated at Rs 26.02 lakh crore in FY25 - FM
FY24 fiscal deficit revised down to 5.8% of GDP - FM
FY25 fiscal deficit budgeted at 5.1% of GDP - FM
Projects for tourism to be taken up in islands including Lakshawdeep - FM
Govt to support EV manufacturing, charging infrastructure - FM
Port connectivity corridor, energy, mineral and cement corridor and High traffic density corridor, announced - FM
Golden era for tech-savvy youth, 50-yr interest free loans to be rolled out - FM
The new scheme of bio biomanufacturing and biofoundry will be launched - FM
Indian carriers proactively placed orders for over 1,000 new aircraft - FM
FY25 capex target set at Rs 11.1 lakh crore, up 11.1% The capex target of FY25 has been set at Rs 11.1 lakh crore, up by 11.1 percent - FM
A corpus of Rs 1 lakh crore will be established with 50 yr interest-free loan tech-savvy growth - FM
Ayushman Bharat cover extended to all Anganwadi and Asha workers - FM
Govt to help in provide housing for middle class - FM
Government to launch a scheme to help those living in rented houses, slums or chawls or unauthorised colonies - FM
One crore households will get up to 300 units of electricity every month with rooftop solarisation - FM
The next 5 years will be years of unprecedented development and to realise the goal of becoming a developed country by 2047 - FM
Policy priority to provide training for MSMEs to compete globally - FM
Government to adopt economic policies that sustain growth - FM
PM Mudra Yojana sanctions 43 crore loan - FM
India-Middle East-Europe corridor a game changer for India and others - FM
'New world order emerging after Covid' A new world order is emerging after the Covid pandemic - FM
All forms of infrastructure are being built in record time - FM
11.8 crore farmers are benefitted from PM Kisan Samman Yojana every year - FM
Our prosperity depends on equipping and empowering the youth - FM
34 cr Mudra Yojana loans been given to women entrepreneurs - FM
Crop insurance has been given to 4 crore farmers under the PM Fasal Bima Yojana - FM
Govt to focus on four major groups -- Poor, farmers, youth and women - FM
Our young country has high aspirations, pride in its present and confidence in a bright future - FM
Govt is working to make India a Vikashit Bharat by 2047 - FM
More tax deductions could help the insurance sector - FM
Indian economy has witnessed positive transformation in the last 10 years- FM
Cabinet approves Budget 2024; Nirmala Sitharaman begins her speech
Cabinet approves Budget 2024; Nirmala Sitharaman to deliver speech soon
Finance Minister arrives at Parliament to present Budget; Income tax, jobs and infrastructure in focus
FM Nirmala Sitharaman showcases 'Bahi Khata' to make her Speech 11 a.m.
FM Nirmala Sitharaman arrives at the Ministry of Finance
