Budget 2024 Live: Lok Sabha passes Finance Bill 2024
Catch the live updates of Interim Budget 2024-25 here
CHENNAI: Finance Minister Nirmala Sitharaman is set to unveil the Interim Budget 2024 today, February 1.
This marks the conclusive budget of the second term of Prime Minister Narendra Modi's government since the Lok Sabha elections 2024 are scheduled in April-May.
This will be her sixth Budget as the Finance Minister and last in the second term of the Modi government.
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.
Interim Budget: An Interim Budget allocates funds for essential government operations, ongoing schemes and urgent requirements. Since it is not a budget for a full year, it refrains from policy reforms.
After Lok Sabha elections, Newly appointed government will present a full budget.
Live Updates
- 1 Feb 2024 6:24 AM GMT
Lakhpati Didi: "83 lakh SHGs with nine crore women are transforming rural socio-economic landscape with empowerment and self-reliance. Their success has assisted nearly 1 crore women to become lakhpati didi already. Buoyed by the success, it has been decided to enhance the target of lakhpati didi from 2 crore to 3 crore," says Union Finance Minister
- 1 Feb 2024 6:23 AM GMT
"FDI is 'First Develop India'... FDI inflow during 2014 to 2023 was Rs 596 billion US dollars, marking a golden era. This was twice the FDI inflow between 2005 to 2014. For sustained FDI, we are negotiating bilateral investment treaties with foreign partners," adds Nirmala
- 1 Feb 2024 6:23 AM GMT
Union Finance Minister Nirmala Sitharaman says, "In the full budget in July, our Government will present a detailed roadmap for our pursuit of Viksit Bharat."
- 1 Feb 2024 6:20 AM GMT
Every year under PM Kisan Samman Yojana, Direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana These are assisting farmers in producing food for the country and for the world: Finance Minister
- 1 Feb 2024 6:20 AM GMT
"Railways: Three major Railway economic corridors programmes will be implemented. These are energy, mineral and cement corridor; port connectivity corridors and high traffic density corridors. The projects have been identified under the PM Gati Shakti for enabling multi-modal connectivity. They will improve logistics efficiency and reduce cost," says Finance Minister Nirmala Sitharaman.
- 1 Feb 2024 6:19 AM GMT
"To address fervour for domestic tourism, projects for port connectivity, tourism infra & amenities will be taken on our islands including Lakshadweep," says FM
- 1 Feb 2024 6:18 AM GMT
Sitharaman says, "Many growth and development-enabling reforms are needed in the state for realising the vision of Viksit Bharat. A provision of Rs 75,000 crores as a 50-year interest-free loan is proposed this year to support those milestone-linked reforms by the state governments."
- 1 Feb 2024 6:17 AM GMT
"India as a G20 host showed forward way and built consensus for solutions for problems being faced by the world:" FM
- 1 Feb 2024 6:16 AM GMT
"Goods and Services Tax (GST) has enabled one nation, one market, one tax. Tax reforms have led to deepening and widening of tax base. Strengthening of the financial sector has helped in making savings, credit and investments more efficient," says Union Finance Minister
- 1 Feb 2024 6:14 AM GMT
The outlay for infrastructure has been increased to Rs 11.11 lakh crores in FY25, says FM Sitharaman.
