New Delhi: Finance Minister Nirmala Sitharaman today presented Union Budget 2024 in Parliament. This was an interim budget as it came just ahead of the Lok Sabha Elections. No changes were announced in the tax slabs in both old and new regime. Prime Minister Narendra Modi praised Nirmala Sitharaman for presenting a balanced budget.
This was Nirmala Sitharaman's sixth Union Budget. The full-fledged budget will be presented by the new government that comes to power after the elections.
The interim budget - a short-term financial plan - seeks Parliament nod for a grant in advance to meet the government's essential expenditure for the first four months of the new financial year.
The Budget Session of Parliament began yesterday with President Droupadi Murmu addressing the joint meeting of both Rajyya Sabha and Lok Sabha. The session will conclude on February 9.
Stock markets opened in green today, ahead of the interim budget.
Here Are The Highlights Of Union Budget 2024:
Feb 01, 2024 19:00 (IST)
Social Justice Ministry Allocated Rs 14,225 crore In Interim Budget
The Social Justice and Empowerment Ministry has been allocated Rs 14,225.47 crore in the interim Budget for 2024-25, an increase of 28.4 per cent over Rs 11,078.33 crore in the Budget (revised estimates) for 2023-24.
The Department of Social Justice and Empowerment has been allocated Rs 13,000 crore in 2024-25 while the Department of Empowerment of Persons with Disabilities got Rs 1,225.27 crore in the interim Budget presented by Finance Minister Nirmala Sitharaman in Parliament on Thursday.
In 2023-24, the revised estimate of the Department of Social Justice and Empowerment was Rs 9,853.32 crore and the Department of Empowerment of Persons with Disabilities was Rs 1,225.01 crore.
Under the Department of Empowerment of Persons with Disabilities, the National Program for the Welfare of Persons with Disabilities received an allocation of Rs 615 crore.
Feb 01, 2024 18:58 (IST)
School Education Gets Record Allocation Of Over Rs 73,000 Crore
In the highest-ever allocation for the Department of School Education and Literacy, the government has allotted more than Rs 73,000 crore for school education in the interim Budget for 2024-25 announced on Thursday.
The allocation has increased to Rs 73,008.10 crore from Revised Estimates (RE) of Rs 72,473.80 crore in the previous fiscal. The government had allocated Rs 68,804.85 crore to the department last year.
The budget for PM SHRI, a Ministry of Education (MoE) scheme which seeks to upgrade existing government schools to model schools, has risen from Rs 2,800 crore in 2023-24 (RE) to Rs 6,050 crore in 2024-25 -- an increase of Rs 3,250 crore.
"The government is committed to empower Amrit Peedhi, the Yuva. Our prosperity depends on adequately equipping and empowering the youth. The National Education Policy 2020 is ushering in transformational reforms. PM Schools for Rising India (PM SHRI) are delivering quality teaching, and nurturing holistic and well-rounded individuals," Union Finance Minister Nirmala Sitharaman said while presenting the interim Budget in the Lok Sabha.
Feb 01, 2024 16:44 (IST)
Budget 2024 Live: Nirmala Sitharaman Addresses Media
"In the interim budget, the government showed the plans for July - when the full budget will be presented after the Lok Sabha elections. We showed the sections we'll focus on in July," Finance Minister Nirmala Sitharaman said.
Feb 01, 2024 16:30 (IST)
Budget 2024 Live: Nirmala Sitharaman On Interim Budget
Finance Minister Nirmala Sitharaman aid the government is well on track to meet the 4.5 per cent fiscal deficit mark for FY26.
Feb 01, 2024 16:28 (IST)
Union Budget 2024 Live: Nirmala Sitharaman On Interim Budget
"High-powered committee to be set up to review challenges arising from fast population growth," says Finance Minister Nirmala Sitharaman.
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