Finance Minister Nirmala Sitharaman will present the Union Budget 2024 on July 23 at 11 a.m.
Stay tuned for live updates and analysis of union budget 2024:
Govt proposes Rs 26,000 crore for various road projects in Bihar, says FM in Lok Sabha
Govt to provide incentive to 30 lakh youth entering job market by providing 1 month PF contribution
Rs 15,000 crore to be allocated for development of Amravati as AP’s capital. Money to be raised from multilateral funding agencies and routed through the Centre.
Government will provide financial support for loans up to Rs 10 lakh for higher education in domestic institutions.
One month wage to all workers newly entering the work cycle. Rs 15,000 to new entrants in EPFO for those with salary of up to Rs 1 lakh per month. This will benefit 210 lakh youth.
Allocation of Rs 1.52 lakh crore for agriculture and allied sector.
Allocation of Rs 1.48 lakh crore for education, employment and skilling.
Financial support for loans upto Rs 10 lakh for higher education in domestic institutions
Budget 2024-25 increased the limit of Mudra loans from Rs 10 lakh to Rs 20 lakh and introduced a new assessment model for MSME credit.
Standard tax deduction proposed to be hiked from Rs 50,000 to 75,000. deduction on family pension from 15,000 to 25,000
Salaried employees stand to save Rs 17,500 in new tax regime, states Nirmala Sitharaman in the budget speech.
