Union Budget 2024 Live: Finance Minister Nirmala Sitharaman's Speech

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11:00 AM: Finance Minister Nirmala Sitharaman begins her Budget 2024 presentation in the Lok Sabha.

Budget Announcements

Key Highlights

• Increased allocation for infrastructure development.
• Focus on rural and agricultural growth.
• Tax relief measures for middle-class taxpayers.
• Measures to boost employment and entrepreneurship.
• Emphasis on sustainability and environmental protection.

Detailed Analysis

Finance Minister Sitharaman's Budget 2024 speech outlined a comprehensive plan to address the nation's economic challenges and priorities. Key announcements include:

• Infrastructure Investment: The government allocated a significant sum for infrastructure development, emphasizing roads, railways, and renewable energy projects.
• Rural Development: Measures were introduced to support agriculture, rural infrastructure, and livelihood opportunities in rural areas.
• Tax Relief: Tax slabs were adjusted and deductions increased, providing relief to middle-class taxpayers and boosting disposable income.
• Employment and Entrepreneurship: Initiatives such as skill training programs and start-up incentives were announced to promote job creation and economic growth.
• Sustainability: The budget emphasized the need for environmental protection and introduced measures to promote renewable energy and reduce carbon emissions.

Implications and Conclusion

Union Budget 2024 is expected to have a significant impact on the Indian economy. The focus on infrastructure, rural development, and tax relief is likely to boost growth and improve the lives of citizens. The measures to support employment and entrepreneurship will create new opportunities and drive economic recovery. Overall, the budget presents a balanced and forward-looking plan for India's economic future.