Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
- 7:11 PM IST, July 23 Vedanta chairman on Union Budget 2024
- 6:37 PM IST, July 23 LIC Housing Finance CEO on Union Budget
- 4:07 PM IST, July 23 Will old tax regime be over?
- 3:55 PM IST, July 23 Expenditure towards railways highest
- 3:44 PM IST, July 23 FM on ₹15,000 crore to Andhra Pradesh
- 2:33 PM IST, July 23 Rahul Gandhi calls Sitharaman's Budget as a 'Kursi Bachao' Budget
- 1:50 PM IST, July 23 What Rajnath Singh said on the Budget
- 1:43 PM IST, July 23 What Amit Shah said on the Budget
- 1:21 PM IST, July 23 What becomes cheaper after the Union Budget?
- 12:55 PM IST, July 23 What Andhra Pradesh is getting from the Budget
- 12:43 PM IST, July 23 Stock markets bleed, Sensex down 1000 points
- 12:21 PM IST, July 23 Limit of LTCG tax hiked from 10% to 12.5%, FM says
- 12:20 PM IST, July 23 Nirmala Sitharaman announces review of income tax
- 12:18 PM IST, July 23 9 priorities of Union Budget 2024
- 12:10 PM IST, July 23 What Nirmala SItharaman said on GST
- 12:03 PM IST, July 23 Free electricity upto 300 units per month for 1 crore households under solar panel scheme
- 11:59 AM IST, July 23 Gaya and Mahabodhi temples to get corridors
- 11:54 AM IST, July 23 FM on development of nuclear reactors
- 11:50 AM IST, July 23 PM Suryaghar Muft Bijli Yojana launched
- 11:48 AM IST, July 23 Urban housing outlay of ₹10 lakh crore announced
- 11:46 AM IST, July 23 Reactions to FM's announcements
- 11:45 AM IST, July 23 FM on women in workforce
- 11:44 AM IST, July 23 FM announces ₹2.2 lakh crore push to make urban housing more affordable
- 11:43 AM IST, July 23 Sidbi to open 24 new branches to serve MSMEs clusters, says FM
- 11:41 AM IST, July 23 Govt to launch scheme to offer internship in top companies to one crore youth in five years, says FM
- 11:39 AM IST, July 23 Credit guarantee schemes for MSMEs in manufacturing, FM announces
- 11:38 AM IST, July 23 2.66 lakh crore for rural development, FM says
- 11:36 AM IST, July 23 ₹26,000 crore for various road projects in Bihar
- 11:35 AM IST, July 23 Mudra loans to be enhanced to 20 lakh from 10 lakh, says FM
- 11:32 AM IST, July 23 FM on Andhra Pradesh
- 11:31 AM IST, July 23 Bihar's win in Budget
- 11:28 AM IST, July 23 For women in workforce, this is FM's announcement
- 11:24 AM IST, July 23 FM announces financial support for loans up to ₹10 lakh for higher education
- 11:22 AM IST, July 23 Nirmala Sitharaman on skilling
- 11:16 AM IST, July 23 Nirmala Sitharaman on agriculture
- 11:13 AM IST, July 23 Need to focus on the garib, mahilaye, yuva, and annadata, says FM
- 11:12 AM IST, July 23 Five schemes to focus on 4.1 crore youth over 5 years with a central outlay of ₹2 lakh crore, says FM
- 11:10 AM IST, July 23 Govt to focus on 4 different castes, Nirmala Sitharaman says
- 11:06 AM IST, July 23 Nirmala Sitharaman begins speech
- 11:03 AM IST, July 23 How is stock market doing just before Nirmala Sitharaman's speech?
- 10:37 AM IST, July 23 How to get Budget document?
- 10:33 AM IST, July 23 Nirmala Sitharaman meets President ahead of Budget speech
- 10:27 AM IST, July 23 Lok Sabha members express expectations from upcoming Budget
- 10:21 AM IST, July 23 Congress MP on Budget expectations
- 10:20 AM IST, July 23 Union Cabinet meet ahead of Budget
- 10:15 AM IST, July 23 What's happening in the Parliament?
- 10:14 AM IST, July 23 Budget used to presented at 5pm till 1999
- 10:10 AM IST, July 23 When Budget dates were changed to February 1
- 10:04 AM IST, July 23 Another record that Nirmala Sitharaman holds on the Budget
- 9:58 AM IST, July 23 Nirmala Sitharaman reaches Parliament with red tablet for her record 7th Budget speech
- 9:54 AM IST, July 23 Nirmala Sitharaman meets President with Budget documents
- 9:47 AM IST, July 23 J&K budget copies arrive in Parliament
- 9:43 AM IST, July 23 Nirmala Sitharaman dons white silk saree today
- 9:42 AM IST, July 23 Nirmala Sitharaman heads to Rashtrapati Bhavan with 'bahi-khata'
- 9:36 AM IST, July 23 Stock market opens in green
- 9:32 AM IST, July 23 Will stock market rise on Budget day or see volatility?
- 9:18 AM IST, July 23 How Sensex has performed in the past 10 years on Budget Day
- 8:53 AM IST, July 23 What Economic Survey said on Capital markets
- 8:45 AM IST, July 23 More from Ministry of Finance
- 8:39 AM IST, July 23 CEA Nageswaran arrives at Ministry of Finance
- 8:38 AM IST, July 23 Nirmala Sitharaman to present J-K Budget today as well
- 8:32 AM IST, July 23 Which is the longest Budget speech?
- 8:29 AM IST, July 23 In case you missed it, key highlights from the Economic Survey
- 8:22 AM IST, July 23 Nirmala Sitharaman reaches North Block
- 8:12 AM IST, July 23 Why Citi expects Nirmala Sitharaman will increase funding for rural schemes
- 8:05 AM IST, July 23 What Economic Survey said on Railways
- 7:54 AM IST, July 23 How stock market may open ahead of the Budget?
- 7:41 AM IST, July 23 Which allocations are likely in Budget 2024?
- 7:20 AM IST, July 23 What will Nirmala Sitharaman do for the middle class today
- 7:15 AM IST, July 23 What are the cues in Economic Survey for today's Budget?
- 7:12 AM IST, July 23 Investing in railway stocks today? Watch out for these shares
- 7:09 AM IST, July 23 Why stock market will look at government borrowing in the Budget
- 7:05 AM IST, July 23 Can you expext tax cuts in Nirmala Sitharaman's speech today?
- 7:02 AM IST, July 23 Tax slabs in the new ta regime
- 6:58 AM IST, July 23 When Arun Jaitley merged Railway Budget with the Union Budget
- 6:52 AM IST, July 23 These three factors could life the stock market mood today
- 6:47 AM IST, July 23 P Chidambaram's ‘dream budget’ of 1977
- 6:35 AM IST, July 23 GST collection is something you should look out for in Nirmala Sitharaman's speech
- 6:30 AM IST, July 23 Why experts are focussing on capital expenditure in Nirmala Sitharaman's Budget
- 6:23 AM IST, July 23 Manmohan Singh's 1991 Budget
- 6:19 AM IST, July 23 What about fiscal deficit should be your focus in Nirmala Sitharaman's speech
- 6:17 AM IST, July 23 A look at tax slabs under the old tax regime
- 6:12 AM IST, July 23 Budget throwback from 1957-58 when tax reforms were brought
- 6:09 AM IST, July 23 What were Interim Budget's allocations for Railways
- 6:06 AM IST, July 23 What are the income tax changes likely in Union Budget?
- 6:01 AM IST, July 23 What Indian Chamber of Commerce wants from Nirmala Sitharaman's Budget
- 5:53 AM IST, July 23 PM Modi on how this Budget ;is important for Amrit Kaal'
- 5:43 AM IST, July 23 When is the Railway Budget? What to expect?
- 5:32 AM IST, July 23 A look at the Monsoon Session of the Parliament
- 5:26 AM IST, July 23 Key points from Interim Budget in February
- 5:17 AM IST, July 23 What manufacturing sector wants from Nirmala Sitharaman
- 5:11 AM IST, July 23 A record for Nirmala Sitharaman today
- 5:08 AM IST, July 23 What Chief Economic Advisor V Anantha Nageswaran said on the Indian economy
- 5:03 AM IST, July 23 When and where to watch the Union Budget 2024 presentation?
- 5:01 AM IST, July 23 At what time will Union Budget 2024 be presented?
- 4:58 AM IST, July 23 What Economic Survey said about Indian economy?
Budget 2024 Highlights: Track all updates on Union Budget 2024 here
Budget 2024 Highlights: Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, highlighted key priorities of the government. She listed nine priority areas for the government which are: productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms....Read More
Budget 2024 Live Coverage in Hindi
Highlights from Budget:
- Five schemes announced to focus on 4.1 crore youth over 5 years with outlay of ₹2 lakh crore
- Internship scheme for one crore youth in top companies over five years
- Employment-linked incentives, including one month's wage support for first-time employees
- For MSMEs: Credit guarantee scheme and term loans for machinery purchase, technology support package for MSMEs
- SIDBI to open 24 new branches to serve MSME clusters
- Mudra loan limit increased from ₹10 lakh to ₹20 lakh
- Financial support for higher education loans up to ₹10 lakhs
- Provision for rural development at ₹2.66 lakh crore
- Special financial support of ₹15,000 crore for Andhra Pradesh
- New airports, medical facilities, and sports infrastructure for Bihar
- Inflation moving towards 4% target
- Over ₹3 lakh crore allocated for schemes benefiting women and girls.
Budget Speech 2024 LIVE Updates: Centre to digitize land records, FM announces
Budget Speech 2024 LIVE Updates: Sanjay Mandhava, Founder & CEO of Landeed, "The Government's announcement to digitize land records using GIS technology will undoubtedly save time, reduce fraud, and boost confidence among property owners, investors, and developers. This significant move towards digitization will enhance transparency and accuracy in land transactions, while also streamlining the entire property management process, fostering a more robust and trustworthy real estate market in India "
Budget Speech 2024 LIVE Updates: MSMEs set to benefit from Budget
Budget Speech 2024 LIVE Updates: S Anand, Chief Executive Officer and Founder of PaySprint, said, “As we eye on the budget 2024 today, we shift our gaze to the improvements in the manufacturing and services sector, where FM Nirmala Sitharaman announced the credit support for MSMEs, increasing the loan limit from ₹10 lakh to ₹20 lakhs, especially for those, who have availed and repaid loans under Tarun Category. Enhancing the mudra loan limit is a strategic move that supports the backbone of the Indian economy. It fosters a conducive environment for growth, innovation, and competitiveness, ensuring that these enterprises can contribute robustly to the nation’s economic development.”
Budget Speech 2024 LIVE Updates: How Budget attempts to increase women's economic participation
Hardika Shah, Founder & CEO, Kinara Capital, said, “The Union Budget has made significant strides in promoting women's economic participation. To this end, a number of initiatives were announced, supported by the allocation of more than INR 3 lakh crore for schemes benefitting women and girls. Initiatives like setting up working women’s hostels in collaboration with industries and the establishment of creches, organizing women-specific skilling programmes, and promoting market access for women SHGs are commendable steps towards addressing challenges faced by women.”
Budget Speech 2024 LIVE Updates: Reactions to FM's speech
Avneet Singh Marwah, CEO of SPPL, said, “The Union Budget 2024 demonstrates a strong commitment to job creation in the manufacturing sector. By providing targeted incentives for EPFO contributions, the government aims to generate significant employment opportunities for both employers and the 30 lakh young people entering the workforce. This initiative reflects a strategic approach to meeting employment needs in our rapidly evolving economy.”
Budget Speech 2024 LIVE Updates: Reactions to FM's speech
Bipin Gupta, Product Manager, EZVIZ, said, “The 2024 Union Budget brings hopeful developments for the smart home security sector. The increase in the standard deduction to ₹75,000 and the revised tax slabs—where individuals earning up to ₹3 lakh will pay no tax, and those earning between ₹3 lakh to ₹7 lakh will benefit from a 5% tax rate—are likely to increase disposable income.”
Budget Speech 2024 LIVE Updates: Reactions to FM's speech
Budget Speech 2024 LIVE Updates: Aravind Maiya, Chief Executive Officer of Embassy REIT, said, “Reducing the holding period for long-term capital gains from 36 to 12 months puts us at par with listed equity shares, further popularizing the REIT asset class in India. Over the past five years, REITs have transformed the Indian real estate landscape, attracting around 2.3 lakh investors.”
Budget Speech 2024 LIVE Updates: Reactions to FM's speech
Budget Speech 2024 LIVE Updates: Kumarmanglam Vijay, Partner, JSA Advocates and Solicitor, said, “As the new Government has decided to undertake a comprehensive review of the Income-tax Act, 1961 in its first Budget, it is expected to be completed and given effect within the Government’s tenure. This could be a great opportunity for this regime to leave a lasting impact by creating people-friendly provisions that could be administered with the help of technology at a lower cost of administration. This may lay the foundation for a large economic growth for the country if implemented well.”
Budget Speech 2024 LIVE: Rahul Gandhi calls Sitharaman's Budget as a 'Kursi Bachao' Budget
Budget Speech 2024 LIVE: Rahul Gandhi referred to Sitharaman's Budget as a 'Kursi Bachao' Budget as he criticised it for making hollow promises to appease allies at the cost of other states, providing benefits to cronies without offering relief to the common Indian and being a copy-and-paste job from Congress manifesto and previous budgets.
Budget Speech 2024 LIVE: Reactions to FM's speech
Akshay Chaturvedi, Founder & CEO, Leverage.biz, said, “The financial support for loans up to ₹10 lakh for higher education and skilling loans up to ₹7.5 lakh will significantly enhance access to education and skill development for students across the country. The Prime Minister’s Package for employment and skilling, along with the three schemes announced for 'Employment Linked Incentive,' demonstrates a strong commitment to empowering youth and addressing the employment challenge."
Budget Speech 2024 LIVE: This Budget is for the empowerment of the new middle class, says PM Modi
Budget Speech 2024 LIVE: Prime Minister Narendra Modi said, "In the last 10 years, 25 crore people have come out of poverty. This budget is for the empowerment of the new middle class. The youth will get unlimited opportunities from this budget. Education and skill will get a new scale from this budget. This budget will give power to the new middle class. This budget will help women, small businessmen, MSMEs."
Budget Speech 2024 LIVE: Reactions to FM's speech
Sandeep Shah, Partner, N.A. Shah Advisors, said, “Government will have to be swift in providing guarantees for those MSME which are about to fall in Special Mention Accounts (SMA) as otherwise the lenders will have to provide for the NPA.”
Budget Speech 2024 LIVE: Reactions to FM's speech
T Manish, Research Analyst, SAMCO Securities, said, “Finance Minister Nirmala Sitharaman announced Research based setups for raising productivity & Developing climate resistant crops. Providing new 109 climate resistant crops in 32 categories to be developed and released. Companies like Kaveri Seeds, Dhanuka Agritech would be the beneficiaries.”
Budget Speech 2024 LIVE: Reactions to FM's decision on Angel Tax
Budget Speech 2024 LIVE: Sandeep Agrawal, Director and Co-Founder, TeamLease RegTech, said, “The abolition of Angel Tax is a much-awaited move by the finance minister. This will boost the entire Start-up ecosystem and is viewed as pro-business and pro-innovation measures that will stimulate the economic growth and job creation. Steps like comprehensive digitalization of taxpayer services, simplification & rationalization of the GST tax structure, and integration of the e-shram portal with other platforms to offer a unified labour services solution, etc. indicates government’s commitment towards digitalization aimed at building transparency and enhancing ease of compliances for corporates in India.”
Budget Speech 2024 LIVE: Reactions to FM's speech
Vivek Iyer, Partner at Grant Thornton Bharat, said, "Digital Public Infrastructure in agriculture will provide more farmer data, enabling fintechs to access mainstream credit information. This will improve credit quality and increase financial inclusion for farmers."
Budget Speech 2024 LIVE: Reactions to FM's speech
Nilaya Varma, Co-Founder and CEO at Primus Partners, said, “Very happy to see skilling pivoting to being demand driven. We have always argued that government needs to incentivize the employer so that skill premium can be institutionalized and skilling ecosystem is more demand driven.”
Budget Speech 2024 LIVE: Reactions to FM's speech
Prashant Daftary, Partner, N.A. Shah Associates, said, “Incentives for new employment to manufacturing industries would give a significant boost to employment. The benefits and eligibility are significant to cover a large section of new employees.”
Budget Speech 2024 LIVE: Reactions to FM's speech
Sameer Jain, Managing Director at Primus Partners, said, “A very explicitly laid out plans on Climate Action bodes well esp. in harnessing the areas of Renewables, Agriculture, etc. PLI interventions to promote the industry in Renewables will lead to the much needed Corporate action.“
Budget Speech 2024 LIVE: Reactions to FM's speech
Budget Speech 2024 LIVE: T Manish, Research Analyst, SAMCO Securities, said, “The Finance Minister announces improvements in the agriculture industry by Digitizing public infrastructure for their lands within 3 years for 6 crore farmers in partnership with states. Benefiting companies like CDSL, CE Info Systems, Genesys.”
Budget Speech 2024 LIVE: Reactions to FM's speech
Budget Speech 2024 LIVE: Nilaya Varma, Co-Founder and CEO at Primus Partners, said, “Jobs has to be at the core of economic growth. It is glad to see jobs, skills and education at the core of the Budget speech. Translating the allocation and new initiatives into action, making it demand driven, not supply driven can only ensure success of this intent.”
Budget Speech 2024 LIVE: What Rajnath Singh said on the Budget
Budget Speech 2024 LIVE: Defence minister Rajnath Singh said, "This Budget is unique in many ways and by clearly outlining NDA Government’s 9 key priorities for all-round and inclusive development, it has successfully elevated India’s growth trajectory. This Budget will go a long way in making India a five trillion dollar economy by 2027.
Numerous policies and programmes to support India’s farmers, youth, women and other weaker sections of the society have also been announced. Sectors like infrastructure, agriculture, banking, energy, industry, R&D, MSMEs and defence have been given special care and attention.
This budget will boost demand, create new opportunities for youth and propel India’s economy onto the global stage. I thank PM and FM for giving India a monumental push to India’s economic and social development."
Budget Speech 2024 LIVE: What Amit Shah said on the Budget
Budget Speech 2024 LIVE: Home minister Amit Shah said, “The Budget 2024–25 not only exemplifies Bharat's newfound sense of purpose, hope and optimism under the PM Modi Ji -led NDA government but also fortifies them. Harnessing the power of Bharat's youth, Nari Shakti and farmers, the budget fuels the nation's pace on the path of emerging as a developed nation by ushering in a new era of employment and opportunities."
Budget Speech 2024 LIVE: HT poll
Budget Speech 2024 LIVE: Agriculture sector Rs. 1.52 lakh crore outlay praised
Budget Speech 2024 LIVE: Maninder Singh Nayyar, CEO and Founder, CEF Group, said, “Today's announcements by the Finance Minister mark a significant step forward for India's agricultural sector. The comprehensive review of the agricultural research setup, aimed at increasing productivity and developing climate-resilient varieties, is a crucial initiative.”
Budget Speech 2024 LIVE: Manufacturing sector reacts to Budget
Budget Speech 2024 LIVE: Su Piow Ko, CEO of AET Displays, said, “The Union Budget 2024-25 provides significant support to the manufacturing sector, particularly through its focus on MSME clusters. The introduction of easy financing and credit guarantee schemes, along with the facilitation of collateral-free term loans for the purchase of machinery and equipment, will greatly enhance the manufacturers and suppliers network.”
Budget Speech 2024 LIVE: What becomes cheaper after the Union Budget?
Here are the goods that became cheaper:
Cancer medicines as customs duties on three cancer medicines have been exempted
Basic customs duty (BCD) on mobile phones, PCBAs and mobile chargers reduced to 15%
Customs duty on gold and silver reduced to 6% and on platinum to 6.5%
BCD on fish feed and shrimp reduced to 5%
Customs duties exempted on 25 critical minerals