Interim Budget’24 Insights
👉 Over the last 10 years, tax collections have more than doubled, says FM Nirmala Sitharaman.
✨ Taxation Unchanged: Same rates for direct, indirect taxes, import duties.
🚀 A push for local tourism: States will be encouraged to take up comprehensive development of iconic tourist centres and marketing them at global stage. Projects for tourism infra to be taken up on our islands, including Lakshadweep.
👉 The government will push for bilateral treaties with foreign partners in the spirit of ‘First Develop India’
🚀 ₹ 1 lakh crore fund will be set up, offering 50-year interest-free loans for long-term financing or refinancing at low or no interest rates for youth
👉 40,000 rail bogies to be converted to Vande Bharat standards. Airports to be doubled to 149. Indian carriers have placed orders for 1,000 new aircrafts
🚀 Big push for sustainable energy! One crore households will get up to 300 units of electricity every month with rooftop solarization
👉 Average real income of people increased by 50%, says FM Sitharaman
🚀 The government is working to make India ‘Viksit Bharat’ by 2047. “Our focus is sabka sath, sabka vikas”
👉 The Indian economy has witnessed profound transformation in the past 10 years. Our development philosophy covers social & geographical inclusion
🚀 Smt. Nirmala Sitharaman becomes the second Finance Minister ever to present the Budget 6 times in a row! A feat achieved so far only by former PM Morarji Desai!
📢 Budget 2024 announcement begins by Finance Minister, Smt. Nirmala Sitharaman.
