Budget 2024 Income Tax updates: Finance Minister Nirmala Sitharaman is discussing the budget live from 11:00 am today 1 February 2024. Everyone has some hopes and aspirations for the current budget. Every middle-class person expects to have some relief in taxes. However, the government plans to reduce the fiscal deficit of the country. The finance minister says that everyone will get equal opportunity in this budget. The speech starts with the finance minister mentioning ‘Good Budget For All’.
Budget 2024 Income Tax & Slabs Update
Budget 2024 Income Tax Live Updates: The upcoming budget will focus on providing more jobs with some income tax revisions for the citizens. As per the live updates, PM Modi arrives at the Lok Sabha at 11:01 Indian Standard Time. Finance Minister Nirmala Sitharaman starts presenting the budget at 11:03 am, mentioning it to be a good budget for all. She mentions further that the government will focus more on building a happy and prosperous country with the upcoming budget.
The interim budget introduces Viksit Bharat’s mission for 2047. It states the mission to make India a developed economy by 2047. Nirmala further goes with the main areas of the Budget 2024. Poor, Women, Youth, and Farmers will be the focus area as per Nirmala. There will be schemes for providing better living to the poor and women. Apart from that, youth will have much more skill-oriented learning to get better placements. The tribal community also contributes to a crucial part of India. PM Janman Yojana will focus on tribal development.
The reports say that the government helped around 25 Crore Indians to come out of poverty and have a better living. She praises the Skill India Mission and says the mission helped around 1.4 Crore youth to get better skills. Around 54 Lakhs youth re-skilled themselves and the remaining earned some new skills. The current situation in India is much more stable.
Every state and city is increasing its contribution to more economic growth. ‘Macroeconomic Stability, investments are robust. The economy is doing well.’ said Nirmala Sitharamam.
Apart from employment, the government will also introduce housing for the middle class. The new budget will provide several benefits to the middle class and support the housing facility.
In healthcare, cervical cancer has become a term of concern. The government will be encouraging vaccination against cervical cancer for girls and women as they are the ones facing this issue the most. We hope you get enough details about Budget 2024 income tax live updates above.