Live Updates and discussion on Interim Budget 2024-2025

83 lakh self help groups with 9 crore women are transforming rural socio-economic landscape.
Success of self-help groups empowered 1 crore women to become "Lakhpati didis" #FM

FM says the government will push for bilateral treaties with foreign partners in the spirit of 'First Develop India'

For promoting green growth, the new scheme of bio mfg and biofoundry will be launched : FM #unionbudget2024-25

Budget 2024: Revised estimate of fiscal deficit is 5.8% of GDP, says FM

Aim to reduce fiscal deficit to below 4.5% by FY26. FY25 gross market borrowing seen at Rs 14.13 lakh cr

FM Nirmala Sitharaman : States will be urged to develop iconic tourist destinations comprehensively and promote them globally.

Projects for port connectivity, amenities will be taken up on islands, including Lakshadweep #FM

Sitharaman says 'our government' to present Full Budget in July where our government will present a detailed roadmap for our pursuit of Viksit Bharat.

FM Nirmala Sitharaman said Over the last 10 years, tax collections have more than doubled.

FY25 tax receipts seen at Rs 26.02 lakh crore

No announcement for taxpayers :

"I do not propose to make any changes to taxation and proposed to retain same tax rates for direct and indirect tax rates including import duties" Said FM

CRISIL highlights that developing commodity-specific rail corridors can ease congestion, particularly in eastern India, boosting freight movement speed and reducing logistics costs, ultimately enhancing India's manufacturing competitiveness #FMSitharaman

FM #Budget2024
FY24 fiscal deficit seen at 5.8% of GDP
FY24 total expenditure revised to ₹ 44.90 lakh crore
FY 24 total receipts other than borrowings is ₹ 27.56 lakh crore
FY24 tax receipts are ₹ 23.24 lakh crore
FY25 fiscal deficit seen at 5.1%
Aim to reduce fiscal deficit to below 4.5% by FY26
FY25 gross market borrowing seen at ₹ 14.13 lakh crore

GST has reduced the compliance burden on Trade and industry says FM #Budget2024

#FM #Budget24-25 Benefits for startups :

• Tax benefits for start-ups will be extended to March 31, 2025.
• Investments by sovereign wealth funds and pension funds will be tax-free for one extra year.
• The government will withdraw some outstanding direct tax demands.