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Budget 2024 Highlights: FM Nirmala Sitharaman Retains Tax Rates: Key Highlights From The Speech



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Budget 2024 Highlights: Union Finance Minister Nirmala Sitharaman presented the Interim Budget for 2024, announcing no changes to taxation, including direct and indirect tax rates, and retaining import duties. In her speech, Sitharaman focused on key sectors, emphasizing the government's commitment to the welfare of the poor, youth, women, and farmers. She highlighted achievements in poverty reduction, fiscal management, and the success of schemes like PM Jan Dhan. The Finance Minister addressed the importance of Digital Public Infrastructure, emphasizing its role as a new factor of production. Sitharaman discussed the growth in real incomes, macroeconomic stability, and the government's focus on governance, development, and performance. Reforms in collaboration with states, plans for rooftop solar power generation, and commitments to Panchamrit climate goals were also outlined. Additionally, the Finance Minister announced 2 crore more houses under Pradhan Mantri Awas Yojana – Gramin and revealed the fiscal deficit at 5.8%, slightly below the targeted 5.9%. The budget, a vision statement for the government's third term, demonstrated confidence in continuity, with no new welfare schemes or major increases in existing ones.

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