The big day begins. Minister of Finance Nirmala Sitharaman has tabled the interim budget or fiscal vote for 2024. Mr. FM began his budget speech by talking about how the Indian economy has undergone a huge transformation in the last decade. We are working to make India a Vikashit Bharat by 2047, says the FM.
* 34 billion yen Mudra Yojana loans given to women entrepreneurs
* “Infrastructure in all its forms – digital, social, physical – is being built in record time,” Sitharaman said.
* DPI, a new factor of production in the 21st century, contributes to the formalization of the economy.
*Operations were made more efficient by strengthening the financial sector.
* 100000000 rupees assets to be established with 50 years of interest-free financing with tech-savvy growth. This corpus provides long-term loans at low or no interest rates for a long period of time. The aim is to encourage the PVT sector to significantly expand research and innovation in the Sunrise area.
* FM proposes to maintain rates of direct and indirect taxes, including export duties
* Three major rail corridors announced: Port Connectivity Corridor, Energy, Minerals and Cement Corridor, and High Traffic Density Corridor, presented by Nirmala Sitharaman.
See also: 2024 Budget Live Updates | Live updates of income tax slabs | 2024 Budget Speech Live Video Streaming | Railway Budget 2024 Live Updates
* 34 billion yen Mudra Yojana loans given to women entrepreneurs
* “Infrastructure in all its forms – digital, social, physical – is being built in record time,” Sitharaman said.
* DPI, a new factor of production in the 21st century, contributes to the formalization of the economy.
*Operations were made more efficient by strengthening the financial sector.
* 100000000 rupees assets to be established with 50 years of interest-free financing with tech-savvy growth. This corpus provides long-term loans at low or no interest rates for a long period of time. The aim is to encourage the PVT sector to significantly expand research and innovation in the Sunrise area.
* FM proposes to maintain rates of direct and indirect taxes, including export duties
* Three major rail corridors announced: Port Connectivity Corridor, Energy, Minerals and Cement Corridor, and High Traffic Density Corridor, presented by Nirmala Sitharaman.
See also: 2024 Budget Live Updates | Live updates of income tax slabs | 2024 Budget Speech Live Video Streaming | Railway Budget 2024 Live Updates