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Union Finance Minister Nirmala Sitharaman introduced the interim funds for 2024 on February 1.
She stated the federal government’s focus was on 4 main “castes”: ladies, youth, poor and farmers
These are the highlights of the 2024 interim funds
TAX
No modifications within the tax construction for direct and oblique taxes, together with import duties
No tax legal responsibility for taxpayers with revenue as much as ₹7 lakh below the brand new tax regime
Proposal to withdraw excellent direct tax claims as much as an quantity of Rs. 25,000 in respect of years as much as 2009-10 and Rs. 10,000 for the interval 2010 to 2015
HEALTH
Cervical most cancers vaccination for women (9-14 years)
Well being protection below the Ayushman Bharat program is prolonged to all ASHA, Angawadi employees and helpers
GREEN INITIATIVES
1 crore households will probably be enabled to rise up to 300 items of free electrical energy per thirty days with rooftop solarization
Phased necessary mixing of CNG, PNG and compressed biogas
Plans to increase the electrical car ecosystem to assist charging infrastructure and e-buses for public transport networks will probably be inspired
By 2030, a coal gasification and liquefaction capability of 100 tonnes must be achieved
ECONOMY
Inflation is reasonable and inside the goal vary (2%-6%).
Capital expenditure has been elevated to ₹11.11 lakh crore for 2024-25.
The federal government will proceed on the trail of fiscal consolidation to cut back the fiscal deficit to 4.5% by 2025-2026.
RAILWAYS
Implementation of three main railway hall packages below Prime Minister Gati Shakti – power, mineral and cement hall; a port connectivity hall; hall with excessive visitors density
40,000 regular railway bogeys will probably be transformed to Vande Bharat requirements
HOUSING
Pradhan Mantri Awas Yojana (Grameen) – Extra 2 crore focused for subsequent 5 years
A Housing for the Center Class scheme is being launched to encourage the center class to purchase/construct their very own homes