Release of the Interim Union Budget-2024: Live Updates

The financial budget, a comprehensive and responsible plan that puts the nation on a path toward fiscal sustainability, is ready to be unveiled. Nirmala Sitharaman is all set to present the interim budget at 11 AM. Are you ready, India? Stay tuned with us for live updates.

Sitharaman on the various youth initiatives of the Centre

The PM Mudra Yojana has authorised loans totaling Rs. 22.5 lakh crore for the entrepreneurial endeavours of the younger generation, amounting to 43 crore. Our youth are receiving assistance from the Fund of Funds, Startup India, and Startup Credit Guarantee Schemes.

Feb 01, 2024 11.45 IST

The G20 presidency of India

As the G20 host, India developed consensus on solutions to the world's most pressing problems and led the way forward.

Feb 01, 2024 11.50 IST

Notwithstanding the obstacles presented by Covid-19, the execution of the PM Awaas Yojana Rural persisted, and we are inching towards the objective of constructing 3 crore houses. Over the next five years, an additional 2 crore houses will be constructed to accommodate the growing demand caused by the increase in the number of families.

Feb 01, 2024 11.55 IST

Target for capital expenditures

Capex target for FY25 is Rs 11.1 lakh crore, an 11.1% increase

The revised fiscal deficit estimate is 5.8% of GDP.

Feb 01, 2024 11.57 IST

Strategy to establish additional medical schools

Using the existing medical infrastructure across departments, our government intends to construct additional medical colleges.

Feb 01, 2024 12.00 IST

The government will increase defence spending.

The 11.1% increase in defence expenditures to Rs 11,11,111 crore, or 3.4% of GDP, is planned.

The revised fiscal deficit estimate is 5.8% of GDP.

Feb 01, 2024 12.10 IST

Live Update: Finance Minister announces during the Budget 2024 speech that there will be no alterations in direct or indirect tax rates.

Finance Minister Nirmala Sitharaman declared, "I am not suggesting any modifications to the tax rates in both direct and indirect taxes, encompassing import duties."

Feb 01, 2024 12.15 IST

Live Update: In the Budget 2024 Speech, the fiscal deficit for FY24 has been adjusted downward to 5.8% of the GDP.

Nirmala Sitharaman announced a revision in the fiscal deficit for FY24, lowering it to 5.8% of the GDP.

Feb 01, 2024 12.20 IST

The focus of the centre on youth

"Through the Skill India Mission, 3000 new ITIs have been established, and 1.4 crore youth have been trained, upskilled, and re-skilled." A significant number of institutions of higher education have been established, including 390 universities, 7 IITs, 16 IIITs, 7 IIMs, and 15 AIIMS.

Feb 01, 2024 12.22 IST

First Develop India (FDI)

In pursuit of bilateral agreements with international counterparts, the government will advocate in the name of "First Develop India." The India Middle East Europe Economic Corridor, which was just recently announced, will transform the country.

Feb 01, 2024 12.25 IST

Bogies resembling Vande Bharat and airport expansion, twofold

Vande Bharat standards will be applied to 40,000 rail bogies. An increase of 149 airports is planned. Deliveries of one thousand new aircraft have been made by Indian carriers.

Feb 01, 2024, 12.27 IST

Technocrats as per FM:

It will be a golden age for our technologically adept youth. By providing a 50-year interest-free loan, a corpus of Rs 1 lakh crore will be established. Low or nonexistent interest rates will be applied to long-term financing or refinancing.

Feb 01, 2024, 12.30 IST

Live Update: During the Budget 2024 presentation, it was announced that various sectors would receive 50-year interest-free loans.

Nirmala Sitharaman expressed her government's commitment to implementing economic policies that promote and sustain growth while facilitating inclusive and sustainable development.

Feb 01, 2024, 12.40 IST

Live Update: Finance Minister Nirmala Sitharaman introduced the 'Lakhpati Didi' scheme during the Budget 2024 presentation.

Prime Minister Narendra Modi unveiled the 'Lakhpati Didi' scheme, aiming to offer skill development training to 20 million women residing in villages across the nation.

Live Update: In her Budget 2024 speech, Union Finance Minister Nirmala Sitharaman outlined the vision for 'Viksit Bharat,' envisioning a prosperous India in sync with nature, equipped with modern infrastructure, and offering opportunities for citizens from all regions to fulfill their potential. With a robust track record inspiring confidence and earning Sabka Vishwas, she anticipates the next five years to be a period of unparalleled development—a golden era working towards the realization of India's development dream by 2047.