2024 Budget Highlights: Here's what Nirmala Sitharaman announced in Interim Budget

economictimes.indiatimes.com:

2024 Budget Highlights: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in Parliament today for the seventh consecutive time, surpassing the late Morarji Desai's record of six consecutive budgets. This budget is expected to focus on changes in the income tax structure and improving the ease of doing business in India. At 11 am, the much-anticipated full budget for 2024-25, the first under the Modi 3.0 government, will be unveiled in Parliament. Attention will be on the major announcements from the finance minister and the government's forward-looking guidance on the overall economy.

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Meanwhile, in the Interim Budget presented before the elections, Sitharaman forecasted remarkable growth for the next five years, announcing a capital expenditure of Rs 11.1 lakh crore for the next fiscal year, an 11 percent increase from the current year. She also intends to lower the fiscal deficit target to 5.1 percent of GDP for the upcoming fiscal year, with a further reduction to 4.5 percent in FY26.

Budget 2024 Highlights: Here are the key highlights from Finance Minister Nirmala Sitharaman's Interim Budget Speech in February:

➤ 2024 Budget Highlights: Sitharaman did not introduce populist measures in the budget. The capital expenditure for the next fiscal year is set at Rs 11.1 lakh crore, an 11% increase from the current fiscal year.

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