Highlights of Interim Budget 2024-2025

Garib, Mahilayen, Yuva and Annadata highest priorities of Govt

The needs and aspirations of Garib, Mahilayen, Yuva and Annadata are the government’s highest priorities, said Finance Minister Nirmala Sitharaman.

Vikshit Bharat by 2047 

The Government is planning to establish Vikshit Bharat by 2047. The next five years will be years of unprecedented development.Capex in Budget 2024BE pegged at Rs 11 lakh crore, up 11.1% 

Nirmala Sitharaman On Rooftop Solarisation

Rooftop solarisation to give 1 crore households 300 units of free electricity per month, says Nirmala Sitharaman

Nirmala Sitharaman's Tech Push

A corpus of ₹ 1 lakh crore will be established with 50-year interest free loan to provide long term financing with long tenure with no or less interest rates. A new technology will be launched to strengthen deep tech for defence purposes

Taxation 

No proposals to be made on tax rates - direct or indirect, says Nirmala Sitharaman

Fiscal Deficit 

The revised estimate for the fiscal year 2024 fiscal deficit is 5.8 percent. For the uninitiated, fiscal deficit refers to the gap between the government’s revenue and its expenses. It is expected to remain at 5.1 per cent of gross domestic product.