Produced by: Tarun Mishra Designed by: Manoj Kumar
Finance Minister Nirmala Sitharaman maintained the tax slab rates unchanged for both new and old income tax regimes, with no alterations in the Interim Budget 2024.
The Interim Budget outlined a detailed plan to achieve India's 2070 Net Zero goal. Strategies include viability gap funding for wind energy, a coal gasification plan, biofuel expansion, and creating an EV ecosystem with payment security for electric buses.
Rooftop solarisation schemes like Pradhan Mantri Suryodaya Yojna will aim to enable 1 crore households in India to obtain 300 units of free electricity monthly.
Indian carriers have placed orders for over 1,000 new aircraft, reflecting the expansion of the aviation sector due to government policies. According to Nirmala Sitharaman, government is commited to sector's growth by expanding the network of new airports.
Nirmala Sitharaman announced the conversion of 40,000 regular railway bogies to meet Vande Bharat standards.
A new scheme is set to launch, focusing on strengthening deep-tech for defence purposes, emphasizing self-reliance in defence capabilities.
The Finance Minister listed key benefits for women, including the momentum gained in women's empowerment through entrepreneurship, increased enrolment in higher education, and a notable presence in STEM courses.
The government aims to make India 'Viksit Bharat' by 2047, with a focus on inclusive development for all.
The national agricultural market integrated 1,361 mandis, serving 1.8 crore farmers with a trading volume of Rs 3 lakh crore.
Finance Minister said that schemes targeting deserving segments of the middle class residing in rented houses, slums, chawls, or unauthorized colonies, will be created to facilitate them in purchasing or constructing their own houses.