Finance Minister Sitharaman completed the interim budget - know how much benefit the public got this time

Budget 2024: Finance Minister Nirmala Sitharaman presented the budget on Thursday, February 1. He gave a 58 minute long speech. This is an interim budget, because general elections are to be held in April-May. The full budget is expected to be presented in July after the formation of the new government. This is the sixth budget of Finance Minister Sitharaman's tenure.

We continued the tradition of interim budget

The Finance Minister said, 'We have continued the tradition of interim budget. Actually, no populist announcements are made in the interim budget. This is the reason why the government has refrained from making any kind of announcements.

Income tax collection increased three times

Finance Minister Nirmala Sitharaman said, income tax collection has increased three times in 10 years. I have cut the tax rate. No tax is payable for those with income of Rs 7 lakh. Will further reduce the deficit by 2025-2026. The fiscal deficit is estimated to be 5.1%. There is an expenditure of Rs 44.90 lakh crore and the estimated revenue is Rs 30 lakh crore.

No change in tax slab

No change in direct or indirect tax slabs.

Defense expenditure increased by 11.1%, now it will be 3.4% of GDP.

Asha sisters will also be given the benefits of Ayushman Yojana.

Research on oilseeds will be promoted. Every month 300 units of electricity will be given free.

FDI has doubled in the last 10 years

Sitharaman said that FDI means First Develop India. Foreign direct investment (FDI) of $ 596 billion came during 2014-23. This was double the FDI that came during 2005-2014. We are entering into bilateral investment treaties with foreign partners.

FDI has doubled in the last 10 years

Sitharaman said that FDI means First Develop India. Foreign direct investment (FDI) of $ 596 billion came during 2014-23. This was double the FDI that came during 2005-2014. We are entering into bilateral investment treaties with foreign partners.

40 thousand general rail coaches will be like Vande Bharat

A new scheme will be started under Blue Economy 2.0. Will promote electric vehicles. Will give interest free loan of Rs 1 lakh crore for 50 years. Will promote the infrastructure of Lakshadweep. 40 thousand ordinary railway coaches will be converted into Vande Bharat like coaches.