Budget 2024 Highlights & Announcements: No tax revisions, affordable houses; FM Sitharaman narrows fiscal deficit estimates
Updated - August 28, 2024 at 05:50 AM.
Union Budget 2024-25 Key Highlights & Announcements: Finance Minister Nirmala Sitharaman confirmed the continuation of existing tax rates, covering direct, indirect taxes, and export duties. She also disclosed an 11% surge in the upcoming year’s capex outlay, reaching ₹11.1 lakh crore. Sitharaman, during the fiscal year’s federal budget announcement, revised the fiscal gap to 5.8% of the gross domestic product. The Finance Minister also introduced a housing scheme for the deserving middle class, focusing on those living in rented houses, slums, chawls, or unauthorised colonies. Prime Minister Modi stated that this initiative would assist them in acquiring or constructing their own homes. Amid various announcements benefiting youth, the impoverished, women, and farmers, Sitharaman highlighted the extension of Ayushman Bharat healthcare coverage to all ASHA and Anganwadi workers and helpers.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman along with the Ministers of State for Finance Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad in the Parliament House on February 01, 2024
| Photo Credit: MANOJKUMAR
Union Budget 2024-25 Updates - Find all Budget 2024 news with updates & highlights and explore more on Indian Union Budget 2024 by FM Nirmala Sitharaman.
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Union Minister for Finance and Corporate Affairs Nirmala Sitharaman along with the Ministers of State for Finance Pankaj Chaudhary and Dr Bhagwat Kishanrao Karad in the Parliament House on February 01, 2024
| Photo Credit: MANOJKUMAR
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.