Union Budget 2024 Highlights: Live Updates

Finance Minister Nirmala Sitharaman Unveils Key Initiatives

### Key Highlights and Announcements

Finance Minister Nirmala Sitharaman is presenting the highly anticipated Union Budget 2024, outlining the government's roadmap for the upcoming fiscal year. With a focus on inclusive growth and sustainable development, the budget proposes a slew of transformative measures and initiatives.

• Increased Capital Expenditure: The government has allocated a massive Rs 40,000 crore for Capital Expenditure Outlay in FY 2024-25, marking a significant increase from the previous year.
• Railway Modernization: As part of the government's commitment to improving infrastructure, 4000 normal rail bogies will be converted to enhanced bogies to ensure smoother and more efficient rail operations.
• Fiscal Deficit Reduction: The government aims to reduce the revised fiscal deficit, the gap between government expenditure and revenue, to a sustainable level in the upcoming fiscal year.