India's Finance Minister Sitharaman Presents Union Budget 2024, Focuses on Employment, Tax Relief

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Published 2024-07-23
India's Finance Minister Sitharaman Presents Union Budget 2024, Focuses on Employment, Tax Relief

India's Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Parliament, making it the first budget of Prime Minister Narendra Modi's third term. This was Nirmala Sitharaman’s seventh consecutive budget as finance minister. In her speech, Nirmala Sitharaman announced an allocation of more than ₹3 lakh crore for schemes benefitting women and girls. She also revised the structure in the new tax regime, while the slabs in old regime remain unchanged. The Finance Minister also said that custom duty on mobile phones, accessories, and chargers has been reduced to 15%. The government has also proposed reduction in basic customs duty on gold and silver to 6% and platinum to 6.4%.

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All Comments (8)
  • Budget sounds good! Lets see how this improves our country condition in upcoming years!
  • @sunilunde-sn1kg
    From 2014 no relief for honest salaried tax payers. What announced today is too less. Where as inflation rises too much in 10 years. Disappointed as a tax payer
  • १४५ में से २-३ करोड़ लोग आय कर भरते हैं, उनमें से भी केवल नौकरी पेशा लोग जो कुछ हेर फेर नहीं कर सकते वे ही पूर्ण कर चुकाते हैं। बन्द करो इसे अथवा सरल करो। पर नहीं, वही लकीर खींचते रहेंगे।
  • Play more hindu-muslim politics . Reservation politics and tax politics. Boast around how Jayshankar is trashing western media, how strong foreign policies are whereas unemployment is peaking every year. Already a million rich people have left India. At then end all that will be left here is the vote bank politics.