Quick Summary
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament today. The highlights of the budget are as follows: Part-A Budget Estimates 2024-25: Total receipts other than borrowings: Rs 32.07 lakh crore. Total expenditure: Rs 48.21 lakh crore. Net tax receipt: Rs 25.83 lakh crore. Fiscal deficit: 4.9 per cent of GDP. Government aims to reach a deficit below 4.5 per cent next year. Inflation continues to be low
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)
3 Months PLAN
999
(Excl. of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The fiscal deficit for the Union Budget 2024-25 is projected at 4.9 per cent of GDP, with a government aim to reach below 4.5 per cent in the following year.
The main focus areas of the budget are employment, skilling, MSMEs, and the middle class.
This package aims to provide employment and skilling opportunities for 4.1 crore youth over five years, including incentives for first-time employees, job creation in manufacturing, and support for employers.
An allocation of Rs 1.52 lakh crore has been made for agriculture and allied sectors.
The budget proposes simplifying GST, merging tax exemption regimes for charities, reducing TDS rates on certain payments, and simplifying reassessment procedures for income tax.
The Central Government plans to provide Rs 11,11,111 crore (3.4% of GDP) for capital expenditure in infrastructure.
CAclubindia
