#UNION BUDGET 2024
ЁЯФК Government to exempt three more medicines for cancer treatment from customs duty
ЁЯФК Customs duty on gold and silver to be reduced to 6%, platinum to 6.4%
ЁЯФК The Finance Minister stated that the Indian mobile industry has matured and proposed to reduce the Basic Customs Duty (BCD) on mobile phones, mobile PCDA (Printed Circuit Design Assembly), and mobile charges to 15%.
ЁЯФК тВ╣2.66 lakh crore has been allocated for rural development, including rural infrastructure. She also said that three crore additional houses will be constructed under the PM Awas Yojana in rural and urban areas
ЁЯФК GST has significantly reduced tax incidents for the common man and eased compliance for industry, marking a success of vast proportions. To further enhance the benefits of GST, we will strive to rationalize the tax structure.
ЁЯФК The development of small and modular nuclear reactors in the country, FM Sitharaman says, “The govt will partner with the private sector for setting up Bharat small reactors, research and development of Bharat small modular reactors & research and development of newer technologies for nuclear energy…”
ЁЯФК The Finance Minister stated that rules and recognition for Foreign Direct Investments (FDIs) will be simplified to facilitate their inflow. This move aims to prioritize and promote the use of the Rupee for overseas investments.
ЁЯФК The Finance Minister announced that states charging high stamp duty will be encouraged to moderate their rates for all. Additionally, further reductions in duties for properties purchased by women will be considered. These measures will also be incorporated as essential components of urban development schemes.
ЁЯФК The Finance Minister highlighted the focus on energy security, announcing that a policy document on energy transition pathways will be released, emphasizing employment and sustainability. The PM Surya Ghar Muft Bijli Yojana has been launched to install rooftop solar plants, providing free electricity up to 300 units per month to 1 crore households. The initiative has already seen 1.28 crore registrations and 14 lakh applications, which is a remarkable achievement.
ЁЯФК The Finance Minister proposed supporting the development of corridors at Vishnupad Temple and Mahabodhi Temple, following the model of the Kashi Vishwanath Temple. Additionally, the government will back the development of Nalanda in Bihar as a tourist center. Finance Minister Sitharaman also announced that an economic policy framework will be introduced to usher in next-generation reforms aimed at boosting economic growth. Furthermore, the government will provide assistance to Odisha for the development of tourism, as stated by the FM in Lok Sabha.”
ЁЯФК The Phase 4 of the PM Gram Sadak Yojana will be launched to provide all-weather roads to 25,000 rural habitats
ЁЯФК Comprehensive development of Vishnupad Temple Corridor and Mahabodhi Temple Corridor will be supported
ЁЯФК Land record will be digitised using GIS
ЁЯФК Budget announcements to speed up the IBC process is commendable
ЁЯФК FM: New Eco policy framework to focus on Land, Labour, Capital & Entrepreneurship
ЁЯФК FM: Will set up Rs 1000 cr Venture Capital Fund for space economy
ЁЯФК Financial assistance for Sikkim, Assam, Uttrakhand, HP — states Impacted by floods
ЁЯФК PM Surya Ghar Muft Bijli launched to install roof-top solar for 1 crore households
ЁЯФК FM keeps capex at Rs 11.11 lakh crore or 3.4% of GDP
ЁЯФК Government to launch scheme to develop 100 street food hubs in select cities over five years
ЁЯФК Transit oriented development programmes for 14 large cities with population above 30 lakh will be formulated
ЁЯФК Sidbi to open 24 new branches to serve MSMEs clusters, says FM
ЁЯФК Government to set up integrated technology system for IBC for better outcomes
ЁЯФК FM announces integrated tech platform to improve IBC outcomes
ЁЯФК Voluntary closure of LLPs, C-PACE to be extended to LLPs
ЁЯФК The IBC has dissolved more than 1000 companies, resulting in direct recovery of Rs 3.3 lakh cr
ЁЯФК Appropriate changes to IBC will be initiated, additional tribunals will be established
ЁЯФК Propose of development of DPI applications at population scale in credit, e commerce, law and justice, corporate governance: FM Sitharaman
ЁЯФК Rental housing with dorm like accomodation for industrial workers will be facilitated in PPP mode: FM
ЁЯФК Jobs budget!
Govt will launch a comprehensive scheme to offer internship in top companies to one crore youth in five years: FM Sitharaman
ЁЯФК Mudra loans to be enhanced to 20 lakh from 10 lakh, says FM Sitharaman
Limit of Mudra loans to extend to Rs 20 lakh from Rs 10 lakh for those who have availed and paid previous loans: FM Sitharaman
ЁЯФК FM announces special attention on MSMEs
This budget provides special attention to MSMEs and manufacturing: FM Sitharaman
Credit guarantee scheme for MSMEs in the manufacturing sector
Facilitating term loans for purchase of machinery introduced
Formulated package to finance technology support to MSMEs
ЁЯФК Women-led development More than 3 lakh crore for schemes benefiting women and girls: FM Sitharaman
ЁЯФК 2.66 lakh cr provision for rural development, says FM
ЁЯФК The Finance Minister announced that increasing the participation of women in the workforce will be a priority. This will be done by setting up hostels and creating partnerships to organize women-specific skilling programs.
ЁЯФК FM announces Special Financial Support for Andhra Pradesh
–Budget to facilitate 15,000 crore for Andhra with additional amounts in future years
–Govt committed to financing and completion: FM
ЁЯФК FM announces new airports, medical facilities and sports infra for Bihar
ЁЯФК In this budget, we focus on employment, skilling, MSME, middle class: FM
ЁЯФК Five schemes to focus on 4.1 crore youth over 5 years with a central outlay of Rs 2 lakh crore: FM
ЁЯФК Govt to provide financial support for loans up to тВ╣10 lakhs for higher education in domestic institutions
ЁЯФК Nirmala Sitharaman announced employment-linked skilling through schemes as part of the PM’s package. She said, “These schemes will be based on enrolment in the EPFO, focusing on recognizing first-time employees.
First-timers will receive one month’s wage upon entering the workforce in all formal sectors.
A direct benefit transfer (DBT) of one month’s salary, up to тВ╣15,000, will be provided in three instalments.
The eligibility limit for this benefit will be a salary of тВ╣1 lakh per month, and it is expected to benefit 2.1 lakh youths.”
ЁЯФК Three schemes for employment-linked incentives
A: One month’s wage for freshers
B: Job creation in manufacturing
C: Support to employers
ЁЯФК DBT of one month salary to first time employees up to Rs 15,000, eligibility limit Rs 1 lakh per month: FM
210 lakh youth to benefit: FM
Job creation of manufacturing, incentive at specified scale with respect to EPFO contribution. 30 lakh youth entering employment and their employers to benefit: FM
ЁЯФК Agri research to be transformed to focus on raising productivity and climate resilient varieties: FM Sitharaman
Transforming agri research: Comprehensive review of farm research setup to be undertaken, to developing climate resilient crop varieties
ЁЯФК Detailed roadmap to pursue nine priorities for generating opportunities for India: FM
These are:
Agri
Employment
Inclusive development
рдпрд╣ рднреА рдкрдвреЗрд╝рдВ ЁЯСЗ
Mfg and Services
Urban Devp
Energy
Infra
Innovation, R&D
NexGen reforms
ЁЯФК In this budget, we focus on employment, skilling, MSME, middle class: FM
Five schemes to focus on 4.1 crore youth over 5 years with a central outlay of Rs 2 lakh crore: FM
ЁЯФК Inflation moving to 4 percent target: FM Nirmala Sitharaman
PMGKAY was extended for five years benefitting more than 80 crore people: FM
ЁЯФК Modi govt’s first major policy announcement, is expected to focus on job creation and boosting consumption, which analysts expect will be positive for sectors such consumer goods, real estate and autos.
ЁЯФК IndiaтАЩs economic growth continues to be shining exception, says FM
ЁЯФК Five schemes to focus on 4.1 crore youth over 5 years with a central outlay of Rs 2 lakh crore, says FM
ЁЯФК FM lists out roadmap to pursue nine priorities for India opportunity
ЁЯФК Energy Security will be one of the Nine Priorities
ЁЯФК FM Sitharaman says one-month salary support to enterprises for first time employees
ЁЯФК 1 crore farmers to be initiated into natural farming over 2 years
