Union Budget 2024: No change in taxes; FM adds full budget to presented in July after her government returns

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01-02-2024

    There is no change in taxes: FM

    FM asserts her govt will return in the elections

    A full budget to be presented in July

Finance Minister Nirmala Sitharaman presented the interim budget even as the nation goes to Lok Sabha polls in the next few months. 

Here are a few highlights of the Union Budget:

    • There is no change in taxation

Nirmala Sitharaman said she does not propose to make any changes to taxation and retain the same tax rates for direct and indirect tax rates including import duties. 

  • PM Awaz Yojana continues 

In spite of the challenges related to Covid, implementation of PM Awas Yojana Rural continued. The FM added that the government is close to achieving the target of 3 crore houses. At the same 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, she added. 

  • Rooftop solarisation 

The government has given more impetus to rooftop solarisation. The FM noted that through rooftop solarisation, 1 crore houses will be able to obtain up to 300 units of free electricity.

She noted that it will go a long way in savings of Rs 15000 to Rs 20000. The surplus power will be sold to power distributors.

It will also play a great role in the employment for youth in the installation of apparatus.

  • Reform, perform and transform

The Finance Minister also informed that the government will engage with states, keeping in mind the mantra of reform, perform and transform. 

  • Full budget to be presented in July 

On a note of high confidence, Nirmala Sitharman signed off saying her government would return in the Lok Sabha elections and present a full budget. 

She said, “In the full Budget in July, our government will present a detailed roadmap for our pursuit of Viksit Bharat.” 

 

Union Budget 2024: No change in taxes; FM adds full budget to presented in July after her government returns

https://newsfirstprime.com/wp-content/uploads/2024/01/Nirmala-Sitaraman.jpg

    There is no change in taxes: FM

    FM asserts her govt will return in the elections

    A full budget to be presented in July

Finance Minister Nirmala Sitharaman presented the interim budget even as the nation goes to Lok Sabha polls in the next few months. 

Here are a few highlights of the Union Budget:

    • There is no change in taxation

Nirmala Sitharaman said she does not propose to make any changes to taxation and retain the same tax rates for direct and indirect tax rates including import duties. 

  • PM Awaz Yojana continues 

In spite of the challenges related to Covid, implementation of PM Awas Yojana Rural continued. The FM added that the government is close to achieving the target of 3 crore houses. At the same 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, she added. 

  • Rooftop solarisation 

The government has given more impetus to rooftop solarisation. The FM noted that through rooftop solarisation, 1 crore houses will be able to obtain up to 300 units of free electricity.

She noted that it will go a long way in savings of Rs 15000 to Rs 20000. The surplus power will be sold to power distributors.

It will also play a great role in the employment for youth in the installation of apparatus.

  • Reform, perform and transform

The Finance Minister also informed that the government will engage with states, keeping in mind the mantra of reform, perform and transform. 

  • Full budget to be presented in July 

On a note of high confidence, Nirmala Sitharman signed off saying her government would return in the Lok Sabha elections and present a full budget. 

She said, “In the full Budget in July, our government will present a detailed roadmap for our pursuit of Viksit Bharat.” 

 

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