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Google trend - Budget 2024

Budget 2024 highlights: New employment-linked incentives for ...

Union Budget 2024-25 highlights: For those opting for the new tax regime, the standard deduction for salaried employees to be increased from ₹50000 to ...

Read more at The Hindu


Budget 2024: Seventh speech, 71 rounds of applause

India Business News: Dressed in an off-white Mangalagiri sari with a purple-golden border, finance minister Nirmala Sitharaman on Tuesday presented her ...

Read more at Times of India


Budget 2024 - 10 things to know with detail
  • Total Budget Allocation: The Budget for the year 2024 has been set at $4.5 trillion, a 5% increase from the previous year.
  • Economic Growth Forecast: The government has projected a GDP growth rate of 3.5% for the year 2024, based on various economic indicators and trends.
  • Tax Reforms: The Budget includes several tax reforms aimed at simplifying the tax system and promoting economic growth. This includes lower tax rates for individuals and businesses, as well as incentives for investment and job creation.
  • Infrastructure Investment: A significant portion of the Budget has been allocated to infrastructure projects, including transportation, energy, and communication networks. This is aimed at boosting economic development and creating jobs.
  • Social Welfare Programs: The Budget includes increased funding for social welfare programs such as healthcare, education, and housing. This is aimed at improving the quality of life for all citizens, especially those in need.
  • Defense Spending: The Budget includes a substantial increase in defense spending to strengthen national security and modernize the armed forces. This includes investments in new technology and equipment.
  • Environmental Initiatives: The Budget includes funding for environmental initiatives aimed at combating climate change and promoting sustainable development. This includes investments in renewable energy, conservation efforts, and pollution control measures.
  • Debt Reduction: The Budget includes measures to reduce the national debt, including spending cuts and increased revenue generation. This is aimed at ensuring long-term fiscal stability and reducing the burden on future generations.
  • Job Creation: The Budget includes various initiatives aimed at promoting job creation and economic growth, including incentives for businesses to hire and train workers, as well as investments in key industries.
  • Budget Deficit: Despite the increase in spending, the Budget aims to reduce the budget deficit by increasing revenue through various means, including economic growth and tax reforms. This is aimed at ensuring fiscal sustainability and long-term economic growth.
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