Budget 2024 Key Highlights

Income tax, infra, railways, EVs and more - 15 key takeaways from FM Sith araman's speech

No changes in tax rates in direct and indirect

Infrastructure Development

Sitharaman announced energy, mineral, and cement corridors; port connectivity corridors; and high traffic density corridors. for passenger trains.

'Lakhpati Didi' Scheme

Through roof-top solarisation- 300 units of free electricity e very month

Green Energy- – Funding for offshore wind energy: 1GW capacity. – Coal gasification: 100 MT by 20 30, cutting imports. – Mandatory blending: CBG in CNG/PNG. – Aid for biomass machinery procurement.

Electric Vehicles- government will expand and streng then the EV ecosystem

For boost to tourism, “long-term interest free loans to be provided to States to encourage development.”

Promoting investments- Govt is negotiating bilateral investment treaties with foreign partners, in the spirit of ‘first develop India’

Technology- – ₹1 trillion corpus with 50-year interest-free loan to boost private sector innovation in sunrise domains – New scheme will be launched for strengthening deep-tech technologies for defence purposes and expediting ‘atmanirbharta’

Ayushman Bharat- expanded to An ganwadi, Asha workers. Maternal and child healthcare unified.

PM Awas Yojana- 70% PM Awas houses to women boost dignity.

MSME- Skill India Mission aims to train 1.4 crore youth, upskill 54 lakh, and set up 3,000 ITIs, supporting PLI & Make in India.

Agriculture and food processing- Government working hard to help farmers earn more. Programs help add value and create jobs.

Fiscal deficit and other key numbers – FY25 fiscal deficit target: 5.1% of GDP. – FY24 deficit revised to 5.8% from 5.9%. – FY24 revenue receipts higher at ₹30.03 lakh crore. – FY25 capex: ₹11.1 lakh crore, up 11.1%. – FY25 total expenditure: ₹30.80 lakh crore. – FY25 gross market borrowing: ₹14.13 lakh crore. – FY25 gross tax receipt target: ₹26.02 lakh crore.

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