Thu, 01 February 2024
BUDGET LIVE No change in tax rates: FM ends speech

Timeline  Refresh

12:02   No change in tax rates: FM ends speech
"I propose to retain the same tax rates for direct and indirect taxes including import duties," says FM, and wound up her interim budget speech.
11:55   Ayushman Bharat cover for all ASHA, anganwadi workers
The government on Thursday announced the extension of healthcare cover under Ayushman Bharat to all ASHA and anganwadi workers. 

Ayushman Bharat Pradhan Mantri-Jan Arogya Yojana (AB-PMJAY) is the largest publicly funded health insurance scheme in the world that provides coverage of Rs 5 lakh per family per year for secondary and tertiary care hospitalisation. 

Till December 27 last year, 55 crore people belonging to 12 crore families were covered under the scheme. 

While presenting the interim Budget, Finance Minister Nirmala Sitharaman said it is the government's priority to adequately and timely finance MSMEs.
11:53   Tourism infra focus on Lakshadweep, says FM Sitharaman
"To address the fervour for domestic tourism, projects for port connectivity, tourism infra & amenities will be taken on our islands including Lakshadweep," FM Sitharaman said in her budget speech.
11:49   Capital spending for '24-'25 raised by 11 per cent: FM
Among other announcements Finance Minister Sitharaman made in her budget speech are:

Capital spending for 2024-25 raised by 11 per cent to Rs 11.11 lakh crore or 3.4 per cent of GDP.

Three major railway corridors, including for cement, to be constructed.

Govt to promote public and private investment in post-harvesting agriculture activities. 

New scheme to be launched for strengthening deep-tech technology for defence sector.
11:45   Govt to take up next-gen reforms: Sitharaman
The government will take up next-generation reforms to facilitate growth and the next five years will be of unprecedented development and golden moments to realise the dream of developed India by 2047, Finance Minister Nirmala Sitharaman said on Thursday. 

She outlined the strategy for 'Amrit Kaal' while presenting the interim Budget 2024-25. 

The finance minister also said the recently announced India Middle East Europe Economic Corridor will be a game changer for India. 

She noted that the International Financial Services Centres Authority (IFSCA) has created a robust gateway for flow of overseas capital.
11:43   Govt to set up more medical colleges with current infra: FM
"Our government plans to set up more medical colleges by utilising the existing hospital infrastructure under various departments. A committee for this purpose will be set up to examine the issues and make relevant recomendations," she says in her budget speech
11:40   Housing scheme coming for deserving middle class: FM
Government will launch a housing scheme for deserving middle class to buy or build own houses, Finance Minister Sitharaman says in her budget speech.
11:36   Built 3 crore rural houses, 2 cr more to come up: FM
Union Finance Minister Nirmala Sitharaman in her budget speech said, "Despite the challenges due to Covid, implementation of PM Awas Yojana Rural continued and we are close to achieving the target of 3 crore houses. 2 crore more houses will be taken up in the next 5 years to meet the requirement arising from increase in the number of families."
11:31   Rs 22.5L cr loans given to youth for entrepreneurship: FM
PM Mudra Yojana has sanctioned 43 crore loans amounting to Rs. 22.5 lakh crore for the entrepreneurial aspirations of your youth, Finance Minister Sitharaman says in her budget speech.

Fund of Funds, Startup India and Startup Credit Guarantee Schemes are assisting our youth, she points out.
11:26   Will make a developed India by 2047: FM
The government is working to make India a developed country by 2047, Finance Minister Nirmala Sitharaman said on Thursday. 

Presenting the interim Budget 2024-25, Sitharaman also said minimum support prices for 'Annadata' (farmers) have been increased periodically and appropriately. 

She asserted that for the government, social justice is an effective and necessary model. 

The government is focussing on addressing systemic inequalities, she said, adding that the emphasis is on outcomes so that socio-economic transformation is achieved. 

"We focus on outcomes and not outlays," Sitharaman said. Poor, women, youth and farmers are four castes for the government, she added.
11:24   80 chess GMs today, only 20 in 2010: Sitharaman
India today has 80 chess grandmasters compared to 20 in 2010, Finance Minister Sitharaman says in her Budget speech. 

Making instant talaq illegal, reserving one-third legislative seats for women highlight our government's women empowerment programme, she says.

Skill India Mission has trained and upskilled 1.4 crore youth in the country, she adds.
11:22   Credit assistance given to 78 lakh street vendors: FM
The PM SVANIDHI has provided credit assistance to 78 lakh street vendors, and out of that total, 2.3 lakh have received credit for the third time, says Finance Minister Sitharaman in her budget speech.

The  PM JANMAN Yojana reaches out to particularly vulnerable tribal groups and PM Vishakarma Yojana provides end to end support to artisans and craftspeople.

The scheme for empowerment of divyang and transgender people reflects our resolve to leave no one behind, Sitharaman says.
11:19   Financial aid to 11.8 cr farmers every year: FM
Every year under PM Kisan Samman Yojana, direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers, says Finance Minister Sitharaman in Parliament.

Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana These are assisting farmers in producing food for the country and for the world, she points out,
11:17   DBT using Jan Dhan led to huge savings for govt, says SItharaman
Direct Benefit Transfer of Rs 34 lakh crore using PM Jan Dhan accounts has led to huge savings for the government, Finance Minister Sitharaman says in her budget speech. This has been realised through avoidance of leakages, and the savings have helped in providing more funds for welfare of the poor, she says.
11:15   25 cr people have come out of multidimensional poverty: FM
The earlier approach of tackling poverty resulted in very modest outcomes, Finance Minister Sitharaman tells Parliament.  

When the poor became empowered partners in development process, government's power to assist them increases manifold. In the last 10 years, the government has assisted 25 crore people to get freedom from multidimensional poverty, she points out.
11:13   Poor, women, youth, farmers our top priority: Sitharaman
We need to focus on the poor, women, youth and farmers / Anna Data, says Sitharaman in her budget speech. Their needs and aspirations and welfare are our highest priority.

All four require and receive government support, their empowerment and well being will drive the country forward, says Sitharaman.
11:10   Stupendous work will win us fresh mandate: Sitharaman
Based on our stupendous work, we expect our government will be blessed again by the people with a resounding mandate, Finance Minister Sitharaman tells Parliament.
11:08   Our development mantra covered all sections, says FM
In second term, the government strengthened its mantra and our development philosophy covered all elements of inclusivity, namely social and geographical, Finance Minister Sitharaman tells Parliament.  

With a whole of nation approach, the country overcame challenges of the COVID-19 pandemic, took long strides towards Aatma Nirbhar Bharat and laid solid foundations for Amrit Kaal, she says.
11:06   Economy witnessed profound change in 10 years, says FM
The Indian economy has witnessed profound transformation in last 10 years, Finance Minister Sitharaman says in her Budget speech.

In 2014, the country was facing enormous challenges, the government overcame those challenges and undertook structural reforms, pro people reforms were undertaken, conditions for jobs and entrepreneurship were set in, fruits of development started reaching people at scale, country got a sense of new purpose and hope, she says.
11:03   Sitharaman presents govt's final pre-poll budget
Union Finance Minister Nirmala Sitharaman rises to present the Union #InterimBudget 2024 in Parliament.
Sitharaman with President Murmu on Thursday
Sitharaman with President Murmu on Thursday
10:58   Cabinet approves, FM about to present Budget
The Union Cabinet headed by Prime Minister Narendra Modi on Thursday approved the pre-election budget 2024-25, sources said. Following this, Finance Minister Nirmala Sitharaman will present her sixth budget in the Lok Sabha. 

She will equal the record of former Prime Minister Morarji Desai. 

Sitharaman, the first full-time woman finance minister of the country, has presented five full budgets since July 2019 and will present an interim or vote-on-account budget on Thursday. 

With this, she will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row. 

Desai, as finance minister, had presented five annual budgets and one interim budget between 1959 and 1964. The interim budget 2024-25 will be a vote-on-account that will give the government authority to spend certain sums of money till a new government comes to office after the April-May general elections.
10:50   Sitharaman takes tablet in red pouch to Parliament
Finance Minister Nirmala Sitharaman on Thursday again took a digital tablet wrapped in a traditional bahi-khata style pouch as she headed for Parliament to present the interim Budget 2024-25 in a paperless format just like the previous three years. 

She posed for the traditional 'briefcase' picture outside her office, along with her team of officials, before heading to meet the President. 

She was holding a tablet instead of a briefcase to present the Budget in a digital format. With the tablet carefully kept inside a red cover with a golden-coloured national emblem embossed on it instead of the briefcase, she went straight to Parliament after meeting President Droupadi Murmu at Rashtrapati Bhawan. 

Sitharaman, India's first full-time woman Finance Minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers. She used the same in the following year, and in a pandemic-hit 2021, she swapped traditional papers with a digital tablet for carrying her speech and other Budget documents. 

That tradition has continued on Thursday.


Moneywiz Live!