Finance Minister Nirmala Sitharaman unveiled the Interim Budget 2024-25 with a strategic focus on fiscal consolidation and targeted economic growth. With a gross borrowing estimate of ₹14.13 trillion for FY25, there's a notable reduction from the previous fiscal year. Key initiatives include promoting indigenous oilseed cultivation to boost self-sufficiency, extending housing schemes to the middle class, enhancing healthcare coverage under Ayushman Bharat, and facilitating private investment in post-harvest activities. The withdrawal of disputed tax demands benefits 1 crore taxpayers, while tax rates remain unchanged. Overall, the budget reflects a balanced approach to addressing economic challenges and fostering inclusive growth. Watch a special conversation where Business Today's Executive Director, Rahul Kanwal, engages in discussions with top industrialists and members of the Confederation of Indian Industry (CII) to unravel the implications of the Interim Budget 2024-25 for various sectors.
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