The Union Budget 2024 was presented by Finance Minister Nirmala Sitharaman in the Lok Sabha today, garnering widespread reactions from political leaders and economic analysts alike. Prime Minister Narendra Modi emphasized the budget’s focus on providing continued tax benefits for the poor and middle class, while also lauding the measures for job creation and economic growth.

Union Budget 2024: Key Highlights

PM Modi Lauds Job Creation Measures

Prime Minister Modi highlighted the budget’s provisions aimed at job creation. He praised the government’s initiatives to boost employment opportunities, particularly in the manufacturing and services sectors. These measures are expected to create millions of new jobs, providing a much-needed boost to the economy.

Budget 2024 Reactions: BJP, Ally Nitish Kumar and Opposition, Who Said What

The reactions to the Budget 2024 have been varied. The ruling BJP and its ally Nitish Kumar have praised the budget, citing its focus on economic growth and welfare measures. On the other hand, opposition leaders, including Rahul Gandhi, have criticized the budget, arguing that it falls short in addressing the needs of the common people.

Budget LIVE Updates: At Advanced Stage of Arriving at Options on NPS, Says Finance Secretary

The finance secretary provided live updates on the budget’s implementation, stating that the government is at an advanced stage of arriving at options for the National Pension System (NPS). This announcement indicates the government’s commitment to refining and improving the pension system for better financial security of retirees.

Budget 2024: MeitY’s Budget Outlay Jumps 52% to Rs 21,936 Crore for FY25

The budget allocation for the Ministry of Electronics and Information Technology (MeitY) has seen a significant increase of 52%, reaching Rs 21,936 crore for FY25. This substantial hike underscores the government’s focus on digital transformation and technological advancement.

3 Cancer Drugs Now Exempt from Customs Duty; X-ray Tubes to Become Cheaper

In a move aimed at making healthcare more affordable, the budget has exempted three cancer drugs from customs duty. Additionally, the cost of X-ray tubes is expected to decrease, making diagnostic services more accessible to the public.

Budget 2024: Tax Exemptions Expanded to Retail Schemes, ETFs in Gift-IFSC

The budget has expanded tax exemptions to include retail schemes and Exchange Traded Funds (ETFs) in the Gujarat International Finance Tec-City (Gift-IFSC). This measure is intended to attract more investments and boost the financial sector.

Rahul Gandhi Slams Budget 2024

Rahul Gandhi has openly criticized the Budget 2024, claiming that it fails to address key issues such as unemployment and economic disparity. He argued that the budget does not offer any substantial relief to the poor and middle class.

How Much Allocation Has Been Made for Bihar, Andhra

The budget has allocated significant funds for various states, with Bihar and Andhra Pradesh receiving notable attention. Specific allocations and their intended uses were outlined to support regional development and infrastructure projects.

Reforms in Capital Gains Tax Structure Not Received Well

The proposed reforms in the capital gains tax structure have not been well-received by some sectors. Critics argue that the changes could deter investments and negatively impact the stock market.

Budget 2024: Modi 3.0 Govt Simplifies Taxes, Fosters Foreign Investments

The Modi 3.0 government has introduced several measures to simplify the tax system and foster foreign investments. These reforms are aimed at making India a more attractive destination for global investors, thereby driving economic growth.

Union Budget 2024: Budget Allocation for Ladakh Rises by 32% to Rs 5,958 Crore

The budget allocation for Ladakh has been increased by 32%, bringing the total to Rs 5,958 crore. This increase is intended to support the region’s development and improve living standards for its residents.

Union Budget 2024: Disability Affairs Department Allocated Rs 1,225 Crore

The budget has allocated Rs 1,225 crore to the Disability Affairs Department, reflecting the government’s commitment to supporting persons with disabilities and ensuring their inclusion in society.

Civil Aviation Ministry Gets Rs 2,357 Crore Budgetary Allocation for 2024-25

The Civil Aviation Ministry has been allocated Rs 2,357 crore for the fiscal year 2024-25. This funding is expected to enhance the country’s aviation infrastructure and improve connectivity.

Union Budget 2024: Rs 13,539 Crore Allocated to Social Justice Department

The Social Justice Department has received a budget allocation of Rs 13,539 crore. This funding aims to support various social welfare schemes and promote social justice across the country.

As the Union Budget 2024 unfolds, it is clear that the government has made significant efforts to balance economic growth with social welfare. The continued tax benefits for the poor and middle class, along with the focus on job creation and technological advancement, are expected to drive India’s progress in the coming years.