Explore
Search
Thursday, Feb 22, 2024
New Delhi
20oC
Games
E-Paper
Sign in
Start 14 Days Free Trial
Subscribe
Enjoy unlimited access
Subscribe Now! Get features like
Ad liteA Minimal Ad Experience
HT Premium ArticlesExpertly crafted articles
Quickreads SegmentNews brief in summary format
HT E-paperAccess digital news experience
Start 14 Days Free Trial
Edit Profile
Start 14 Days Free TrialSubscribe Now
Saved Articles
Following
My Reads
Sign out
New Delhi
200C
Thursday, Feb 22, 2024
- HT Newsletters
- Weather Today
- About Us
- Contact Us
- Privacy Policy
- Terms of Use
- Disclaimer
- Print Ad Rates
- Code of Ethics
- Sitemap
- RSS Feeds
- Subscription - Terms of Use
Copyright © HT Digital Streams Ltd. All rights reserved.
Sign in
- Home
- Latest News
- Cricket
- Education
- India
- World
- Cities
- Entertainment
- Lifestyle
- Astrology
- Editorials
- Shop Now
- IPL 2024 Schedule Announcement Live
- Farmers Protest Live
- CBSE Board Exam 2024 LIVE
- HTCity
- The Interview
- videos
- Photos
- Trending
- Web Stories
- Tech
- Business
- Sports
- Delhi News
- Mumbai News
- Bengaluru News
- Quickreads
- Daily Digest
- Following
- IPL
- Games
News /
india news /
Budget Highlights 2024: Govt to lay white paper on economic performance
Budget Highlights 2024: Finance minister Nirmala Sitharaman presented the Interim Budget 2024 in Parliament.
Key Events
- Feb 1, 2024 7:57 AM ISTBudget 2024 LIVE: Rooftop solarisation, housing for middle class, charging of EVs
- Feb 1, 2024 7:15 AM ISTBudget 2024 LIVE: Finance minister Nirmala Sitharaman's reinterpretation of ‘GDP’
- Feb 1, 2024 6:33 AM ISTBudget 2024 Speech LIVE: FY24 fiscal deficit revised down to 5.8% of GDP
- Feb 1, 2024 6:30 AM ISTBudget 2024 Speech LIVE: No change in direct or indirect tax rates, announces finance minister
- Feb 1, 2024 6:18 AM ISTBudget 2024 Speech LIVE: Nirmala Sitharaman's gift for Anganwadi and Asha workers
- Feb 1, 2024 6:14 AM ISTBudget 2024 Speech LIVE: Defence outlay to be 3.4% of GDP, says FM
- Feb 1, 2024 6:08 AM ISTBudget 2024 Speech LIVE: ‘Aim is to sustain growth’, FM Nirmala Sitharaman says
- Feb 1, 2024 6:03 AM ISTBudget 2024 Speech LIVE: Nirmala Sitharaman on India-Middle East-Europe corridor
- Feb 1, 2024 5:58 AM ISTBudget 2024 Speech LIVE: ‘Inflation within band’, FM says
Interim Budget 2024: Post-Budget press conference by Union finance minister Nirmala Sitharaman.
Budget Highlights 2024: Union Finance minister Nirmala Sitharaman presented the Interim Budget today ahead of the Lok Sabha elections in 2024, marking the final budget in the second term of Prime Minister Narendra Modi. This budget is interim in nature and the comprehensive budget for the financial year 2024-25 will be introduced only after the formation of the new government following the general elections....Read More
The Interim Budget outlines expenditures and revenues until the formation of a new government as it helps the government to manage its financial obligations.
Major announcements of 2024 Interim Budget:
- Two crore more homes under PM Awas Yojana
- Housing for deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorized colonies”
- Rooftop solar for at least 300 units of power generation which will be free electricity for households
- Enhancement of target for Lakhpati Didi Scheme from 2 crore women to 3 crore women
- Three major railway corridors for logistics efficiency. Urbanization, looking at Metro and Namo Bharat, to bring in urban transformation
Follow all the updates here:
Feb 1, 2024 4:07 PM
IST
Budget 2024 Highlights LIVE: INDIA bloc calls post-budget meet
Leaders of several parties of the INDIA opposition bloc would meet here on Friday morning to chalk out their joint strategy during the budget session of Parliament.
Sources on Thursday said the leaders would meet in the chamber of Leader of Opposition in the Rajya Sabha Mallikarjun Kharge at 10.30 am on Friday and discuss their joint strategy. (PTI)
Feb 1, 2024 3:40 PM
IST
Budget 2024 Highlights LIVE: 11% hike in infra spending
Finance Minister Nirmala Sitharaman on Thursday announced a ₹11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups. (PTI)
Feb 1, 2024 2:57 PM
IST
Budget 2024 Highlights LIVE: Impact on cybersecurity industry
Tarun Kaura, Partner & Leader, Cyber Advisory, Deloitte India says, “At a crucial juncture marked by escalating cyber threats, the 2024 interim budget has demonstrated a proactive approach by nearly doubling the allocation for cybersecurity projects to ₹750 crore, with the majority spearheaded by the Ministry of Electronics and Information Technology (MeitY). This substantial increase, from ₹300 crore in 2022-2023 to the revised estimate for 2024-2025, reflects a dedicated commitment to fortifying digital defenses. The augmented allocation is poised to bolster critical initiatives, enhance technological capabilities, and foster innovation in the cybersecurity landscape, positioning India at the forefront of cyber resilience and ensuring the robust protection of digital assets.”
Feb 1, 2024 2:29 PM
IST
Budget 2024 Highlights LIVE: TMC attacks BJP over budget
There was not a word on funds to states in the 2024-25 interim budget, senior TMC leader Derek O'Brien said on Thursday, accusing the central government of "cheating" federalism and committing "financial terrorism" with states.
O'Brien, whose party is in power in West Bengal, also alleged that the government has done little for women and the youth, and is yet to fulfil its promise of doubling farmers' income. (PTI)
Feb 1, 2024 2:03 PM
IST
Budget 2024 Highlights LIVE: Impact on crypto industry
Ashish Singhal, Co-founder and Group CEO, PeepalCo says, "Crypto is experiencing a resurgence this year. The markets are showing positive growth, retail activity is increasing, and there is clear regulatory progress happening worldwide. However, due to it being an election year in India, the Interim Budget had limitations that prevented the necessary tax adjustments for the sector.
On a positive note, the Government of India now has the chance to introduce comprehensive crypto regulations and improved tax policies in the upcoming full Budget, with the full support of the electorate. We continue to urge:
i) Allow offsetting and carrying forward losses
ii) Reducing the TDS on VDAs, from 1% to 0.01%
iiI) and treating income from VDAs on par with other capital assets
At a broader level, the Budget is a statement of intent. From Skill India Mission to Startup India to Digital India, the growth engines of the country have been cranked up with special schemes and financial outlay. The corpus of ₹1 lakh crore long-term loans to encourage innovation in sunrise sectors and the renewed commitment to develop deep technologies will be the GDP multipliers for the coming decade."
Feb 1, 2024 1:37 PM
IST
Budget 2024 Highlights LIVE: India on track to become 3rd largest economy
Amit Prasad, Founder and CEO, SatNav said, “The prediction of unprecedented growth in next five years is very encouraging and will ensure the vision of becoming one of the top 3 economies of the world becomes a reality. This will help existing companies and new industries tap the humongous opportunities that arise as a result of this growth. The figures on continued uptrend in collection of taxes as well as the subtle reference to formalization of economy should not be read casually, it indicates how the grey economy that still exists in large numbers is slowly and surely being targeted by the Government to make it mainstream. We are very confident that all these positive signals will benefit Businesses and help them scale their Enterprises faster in the coming years.”
Feb 1, 2024 1:14 PM
IST
Budget 2024 Highlights LIVE: Centre announces interest-free loans
The Union government will provide ₹75,000 crore as interest-free loan for 50 years to support reforms by states for realising the vision of 'Viksit Bharat'.
The government has set a vision to make India a developed nation by 2047. (PTI)
Feb 1, 2024 12:50 PM
IST
Budget 2024 Highlights LIVE: Impact on hotel, domestic travel industry
Mr. K.B. Kachru, Chairman Emeritus & Principal Advisor, Radisson Hotel Group, South Asia said, “Government of India’s continued focus on domestic tourism in the interim Budget 2024-25 is encouraging. Empowering iconic destinations and local entrepreneurs through interest-free loans and quality ratings will elevate India's tourism landscape. The projects to enhance connectivity in the country through the development of airports, railways metro lines, ports in our unexplored island including Lakshadweep, and tourism infrastructure, will enhance demand and generate employment. This is not just a boost for tourism, it's an investment in India's potential. We are optimistic about additional futuristic support from the Government in granting infrastructure status to hospitality and tourism, which will help us achieve a long-awaited status. We foresee that this will have a multiplier impact and drive significant investment from the private sector.”
Feb 1, 2024 12:24 PM
IST
Budget 2024 LIVE: Impact on travel and tourism sector
Rajesh Magow, Co-founder & Group CEO, MakeMyTrip said, "We acknowledge, with satisfaction, the government's sustained focus on travel and tourism as reaffirmed in the interim budget. The commitment to bolster domestic tourism through initiatives spanning rail and air travel, coupled with the ongoing emphasis on tourism-led destinations, particularly in the realm of island tourism and spiritual tourism, reflects a strategic vision for the long-term growth of the T&T sector.
The allocation of interest-free loans to state governments for the creation of iconic tourist destinations is a noteworthy step. The expansion of airports and the PM Gati Shakti program are pivotal in enhancing connectivity to previously unexplored regional gems. These initiatives will take domestic discovery to farther reaches of the country, thereby empowering local entrepreneurs and creating employment opportunities.
While the specifics are yet to be seen, collaboration between the industry and the government is key to maximizing impact, ensuring quality standards, and fostering sustainable tourism models for an enhanced traveller experience."
Feb 1, 2024 11:58 AM
IST
Budget 2024 LIVE: Impact on women
“This Government’s focus on Women as one of the pillars to drive the country forward, as mentioned today, is already strongly backed by recent laws related to Women’s welfare. Compliance with the Maternity Act which ensures higher Maternity leave and mandatory creche facilities for all employees is being driven well. Earlier this week the meeting of various ministries was held, they released guidelines to ensure easy compliance with the law. We expect that this focus on women highlighted again now, coupled with such measures will help significantly bridge gender gap in the coming years, also reduce the percentage of women dropping out of the workforce after childbirth,” said Saloni Verma, Co-Founder and chairperson , Sunshine Corporate Creches.
Feb 1, 2024 11:40 AM
IST
Budget 2024 LIVE: Markets fall flat on Budget day
Despite high expectations from the stock market on February 1, the markets fell flat on the Budget 2024 day with Sensex falling over 100 points during close. Meanwhile, NSE Nifty also recorded a small decline on Thursday. Read more.
Feb 1, 2024 11:27 AM
IST
Budget 2024 LIVE: ‘Disha Nirdeshak Batein’ in the budget
Budget 2024 LIVE: Social justice as effective and necessary governance model, we have shown that it is a successful model, says Sitharaman.
Feb 1, 2024 11:14 AM
IST
Budget 2024 LIVE: Govt to lay white paper on economic performance - then and now
Sitharaman said the government will lay a 'white paper' on the table of the Parliament to look at where the country was till 2014 and where it is now, to draw lessons from the “mismanagement of those years”.
Feb 1, 2024 11:04 AM
IST
Budget 2024 LIVE: Sitharaman holds a press conference
Sitharaman said that the government is on “track to meet the glide path which was set in 2021-22 and that we are well on track to meet the 4.5% fiscal deficit on or below 4.5 even by FY 26.”
Feb 1, 2024 10:45 AM
IST
Budget 2024 LIVE: Tharoor's ‘final budget’ jibe at Modi govt
“It's not just an interim budget but their (BJP government) final budget, and there's no question about it. This is a government that has completely run out of ideas. They have essentially given us a whole rhetoric. It was only the shortest budget speech on records since I started following budget 15 years ago,” Tharoor told PTI.
Feb 1, 2024 10:23 AM
IST
Budget 2024 LIVE: Former FICCI chairperson surprised by fiscal deficit target
Budget 2024 LIVE: Former FICCI chairperson Naina Lal Kidwai wondered what basis the government believes that the revenues will be good and healthy enough to enable the fiscal deficit at 5.1%.
Feb 1, 2024 10:10 AM
IST
Budget 2024 LIVE: Congress alleges BJP harrasing farmers
“The allocation for fertiliser subsidy has been slashed by a whopping 13% to ₹1.64 lakh crore for 2024-25 compared to ₹1.89 lakh crore revised budget estimate for FY24,” Congress's Pawan Khera said in a social media post.
Feb 1, 2024 9:54 AM
IST
Budget 2024 LIVE: Congress says govt still in denial mode
Budget 2024 LIVE::leader Supriya Shrinate said that the government is still in denial mode and is not ready to accept the problems.
"There is nothing in this budget for common people, employment, agriculture, women... Nirmala Sitharaman said that income has increased by 50% but government data says that real income has decreased by 25%."
Feb 1, 2024 9:35 AM
IST
Budget 2024 LIVE: DMK says Modi govt ‘waiting for full budget’
Budget 2024 LIVE: DMK MP T Siva says the Modi government “waiting for the next full Budget, which we will come and present,” claiming that the INDIA bloc will win the upcoming general elections.
Feb 1, 2024 9:19 AM
IST
Budget 2024 LIVE: ₹1 trillion corpus for research in technology
Budget 2024 LIVE: Sitharaman announced a ₹1 lakh crore corpus to help finance research in technology, adding that a new scheme will be announced “to strengthen deep tech technologies for defence purposes and atma nirbharta”. Read more…
Feb 1, 2024 9:07 AM
IST
Budget 2024 LIVE: ‘PM Modi changed entire Railways stragtegy’
Budget 2024 LIVE: Railways minister Ashwini Vaishnaw said that Prime Minister Modi changed the entire strategy for Railways over the last 10 years, and now the focus is being made on investment to modernise the Railways.
“For this year, the budget that has been allocated for the Railways is ₹2.52 lakh crore,” he said at a press conference.
Feb 1, 2024 8:55 AM
IST
Budget 2024 LIVE: Medanta chairman Naresh Trehan lauds emphasis on women' health
Budget 2024 LIVE: Dr Naresh Trehan said the emphasis on anganwadis, women's health, and vaccination for young girls against cervical cancer are “very important additions to what we have.”
“But more importantly, offering of Ayushman coverage for Anganwadi workers and ASHA workers is a big move. I think that will go down very well and boost the morale of our frontline health workers.”
Feb 1, 2024 8:38 AM
IST
Interim Budget 2024 | 6 key takeaways from Nirmala Sitharaman's speech
Finance minister Nirmala Sitharaman made no changes in the taxation structure. Read other takeaways here
Feb 1, 2024 8:20 AM
IST
Budget 2024 LIVE: 3 major economic railway corridors will be set up to reduce congestion: Sitharaman
The resultant de-congestion of the high traffic corridors will also help in improving the operations of passenger trains, resulting in safety and higher travel speed for passengers. Read here
Feb 1, 2024 8:08 AM
IST
Budget 2024 LIVE: PM Modi on Interim Budget
PM Modi on Interim Budget says, "Income-tax remission scheme will provide relief to 1 crore people from the middle class. In this budget, important decisions have been taken for the farmers."
Feb 1, 2024 8:04 AM
IST
Budget 2024 LIVE: Centre to form key panel to address challenges of population growth
The high-powered committee will be mandated to make recommendations for addressing population challenges, said FM Nirmala Sitharaman. Read full story here
Feb 1, 2024 7:57 AM
IST
Budget 2024 LIVE: Rooftop solarisation, housing for middle class, charging of EVs
Nirmala Sitharaman said that the PM Narendra Modi government overcame challenges and undertook structural reforms. Read the story here
Feb 1, 2024 7:51 AM
IST
Budget 2024 LIVE: What PM Modi said on Interim Budget
PM Modi on Interim Budget: “The Viksit Bharat Budget benefits every section of the society and lays the foundation for a developed India.”
Feb 1, 2024 7:45 AM
IST
Budget 2024 LIVE: Chess prodigy Rameshbabu Praggnanandhaa features in Nirmala Sitharaman's Interim Budget speech
Rameshbabu Praggnanandhaa, the 18-year-old Indian chess prodigy, on Thursday found mention in finance minister Nirmala Sitharaman's Interim Budget speech. Read full story here
Feb 1, 2024 7:33 AM
IST
Budget 2024 LIVE: Lakshadweep, at centre of recent India-Maldives spat, mentioned by FM Sitharaman. What she said
The announcement was hailed, amongst others, by Nishant Pitti, whose travel firm EaseMyTrip suspended flight bookings to Maldives due to the controversy. Read full story here
Feb 1, 2024 7:23 AM
IST
Budget 2024 LIVE: 3-minute summary of Interim Budget 2024-2025 by FM Nirmala Sitharaman
In case you missed it, read Hindustan Times' 3-minute summary of Interim Budget 2024-2025 by FM Nirmala Sitharaman here
Feb 1, 2024 7:15 AM
IST
Budget 2024 LIVE: Finance minister Nirmala Sitharaman's reinterpretation of ‘GDP’
Finance minister Nirmala Sitharaman provided a new definition of GDP as she said that the government is focussed in governance, development and performance. Read here
Feb 1, 2024 7:08 AM
IST
Budget 2024 LIVE: What is ‘Lakhpati Didi’ scheme, mentioned by Finance minister Nirmala Sitharaman?
Prime Minister Narendra Modi had announced the ‘Lakhpati Didi’ scheme to provide skill development training to 20 million women in villages across the country. Read more
Feb 1, 2024 7:01 AM
IST
Budget 2024 LIVE: 50-year interest-free loans for several sectors announced
Nirmala Sitharaman said her government will adopt economic policies that foster and sustain growth, facilitate inclusive and sustainable development. Read more
Feb 1, 2024 6:59 AM
IST
Budget 2024 LIVE: Full speech of Nirmala Sitharaman's speech
Union finance minister Nirmala Sitharaman on Thursday presented the interim budget 2024-25 in the Parliament. Read the full speech here
Feb 1, 2024 6:33 AM
IST
Budget 2024 Speech LIVE: FY24 fiscal deficit revised down to 5.8% of GDP
The FY24 fiscal deficit has been revised down to 5.8 percent of the GDP, Nirmala Sitharaman said.
Feb 1, 2024 6:30 AM
IST
Budget 2024 Speech LIVE: No change in direct or indirect tax rates, announces finance minister
Finance minister Nirmala Sitharaman said, “I do not propose any changes in tax rates in direct and indirect taxes including import duties.”
Feb 1, 2024 6:23 AM
IST
Budget 2024 Speech LIVE: Tourism projects to be taken up in Lakshadweep, FM says
Nirmala Sitharaman said that projects for tourism will be taken up at islands, including Lakshawdeep. Tourism, including spiritual tourism, has tremendous opportunities and all states will be encouraged to take up iconic tourist spots and develop them, she explained.
Feb 1, 2024 6:20 AM
IST
Budget 2024 Speech LIVE: Metro Rail, Namo Bharat to be expanded, FM says
Budget 2024 Speech LIVE: Nirmala Sitharaman said that key rail infrastructure projects including Metro Rail and Namo Bharat will be expanded to more cities and around 40,000 rail bogies will be converted to Vande Bharat coaches.
Feb 1, 2024 6:18 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman's gift for Anganwadi and Asha workers
Finance minister Nirmala Sitharaman announced, “Ayushman Bharat cover will be extended to all Anganwadi and Asha workers. All maternal and child healthcare schemes will be brought under one comprehensive scheme. Furthermore, the government is enhancing thetarget for Lakhpati Didi scheme to ₹3 crore from ₹2 crore.”
Feb 1, 2024 6:15 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman on aviation section
Finance minister Nirmala Sitharaman said, “The Centre has galvanised the aviation sector over the last 10 years as the number of airports has doubled to 149 in the last decade.”
Feb 1, 2024 6:14 AM
IST
Budget 2024 Speech LIVE: Defence outlay to be 3.4% of GDP, says FM
Budget 2024 Speech LIVE: Defence outlay will be 3.4% of GDP, says FM
Feb 1, 2024 6:11 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman on housing plan for middle class
Budget 2024 Speech LIVE: The Finance minister said, “The government will help housing for the middle class living in rented or slums or unauthorized colonies to build or buy their own houses.”
Feb 1, 2024 6:10 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman on MSMEs
Budget 2024 Speech LIVE: Nirmala Sitharaman says, “Policy priority is to provide training for MSMEs to compete globally and facilitating their growth will be important. For meeting the investment needs, the government will prepare the financial sector.”
Feb 1, 2024 6:08 AM
IST
Budget 2024 Speech LIVE: ‘Aim is to sustain growth’, FM Nirmala Sitharaman says
Budget 2024 Speech LIVE: Nirmala Sitharaman said, “Our government will adopt economic policies that will sustain growth and contribute in powering investment and fulfill aspirations. The government will take up next generation reforms and build consensus with the states and stakeholders to ensure effective implementation.”
Feb 1, 2024 6:05 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman on next five years
Budget 2024 Speech LIVE: Nirmala Sitharaman said, "The next 5 years will be years of unprecedented development and to realise the goal of becoming a developed country by 2047. The PM has said there is no dearth of opportunity as the trinity of democracy, demography and diversity can fulfill aspirations of every Indian".
Feb 1, 2024 6:03 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman on India-Middle East-Europe corridor
Budget 2024 Speech LIVE: Finance minister Nirmala Sitharaman said, “The IndiaMiddle East-Europe trade corridor, announced during the G20 Summit last year, will be a game-changer for India and rest of the world. Our vision for Viksit Bharat is one of prosperity in harmony with nature and providing opportunity to all to reach their potential.”
Feb 1, 2024 6:01 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman on new world order
"A new world order is emerging after the Covid pandemic," the finance minister said, adding, “India assumed the G20 Presidency during very difficult times for the world. The pandemic has led to a crisis of food, fertiliser, food, and finances for the world while India successfully navigated its way.”
Feb 1, 2024 5:58 AM
IST
Budget 2024 Speech LIVE: ‘Inflation within band’, FM says
Nirmala Sitharaman said that, “Proactive inflation management has helped keep inflation within the band.”
Feb 1, 2024 5:57 AM
IST
Budget 2024 Speech LIVE: Nirmala Sitharaman's praise for PM Modi plan
Nirmala Sitharaman said, “One crore households will get up to 300 units of electricity every month with rooftop solarisation following PM Modi's plan after the inauguration of Ram Mandir.”
Newer UpdatesOlder Updates
- Budget
- Nirmala Sitharaman
OPEN APP
- About Us
- Contact us
- Terms of use
- Privacy policy
- Weather Today
- HT Newsletters
- Subscription
- Disclaimer
- Print Ad Rates
- Code of Ethics
- Sitemap
- RSS Feeds
© 2024 HindustanTimes