Budget 2024-25 Live Updates: Check what's Costly and what's Cheaper!

Finance Minister Nirmala Sitharaman is back with the Interim Budget 2024. Let's see what all will get Costlier this year and where all you will Save (how much is the question?).

by FighterMan Updated: 12 Feb, 2024, 08:04 IST
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India's Finance Minister Nirmala Sitharaman will present the Budget 2024-25 today i.e. 1st February from 11 am. Last year, in the Union Budget 2023 we saw Liquidity Booster to Increase Financial Inclusion, 'Insurance for all' by 2047, Enhance in Home Loan Exemption Limit, Reduction of Personal Tax Rates, Some Tweaks to Section 80C In Favor of the People, and Increased Capital Expenditure. The Top Highlights of Budget 2023 included Green growth, Youth power, Infrastructure and investment, and Launch of digital platforms. Let's see what all 2024 has on offer with the Budget 2024 Live Updates straight from the Parliament so keep tuning!

budget 2024 live updates

Live Updates
10:04 IST | 02 February, 2024
Top Announcements!
  1. FY25 gross borrowing is estimated at ₹14.13 lakh crore, achieving a reduction from ₹15.43 lakh crore of FY24.
  2. Research has led the growth and development of indigenous oilseeds like mustard, groundnut and sesame to make India self-sufficient. Currently, India imports about 60% of its cooking oil spending over ₹1.5 trillion in a year.
  3. Outlay for infrastructure is increased by 11% for FY25 to ₹11,11,111 crore from ₹10,00,000 crore.
  4. An aggressive fiscal consolidation target: FY25 fiscal deficit target is 5.1% as against the expectation of 5.3% levels. In FY24 the fiscal deficit target of 5.8% has been achieved thanks to better revenue mobilization as against the target of 5.9%.
  5. Withdrawal of income tax demands up to ₹25,000 (till 2009-10) and ₹10,000 from 2010-11 to 2014-15. This will benefit about 1 crore taxpayers.
  6. A scheme to help middle class living in rented houses to buy or build their own houses will be launched
  7. Tax rates (Direct & Indirect) and Import duty will be same. Tax payers expected a reduction but didn't happen.
  8. Tax benefits to start-ups and investments made by sovereign wealth or pension funds extended by 1 year till March 31, 2025.
  9. Gross tax revenue target for FY25 hiked 11.46% to ₹38.31-lakh crore, from ₹34.37 lakh crore in FY24.
  10. Direct tax collection target set at ₹21.99-lakh crore, while that of indirect tax is at ₹16.22-lakh crore.
  11. Nominal GDP growth for FY25 is projected at 10.5%
  12. The government will release a white paper on mismanagement of economy prior to 2014
  13. Govt to form high-powered panel to address population growth challenges and demographic changes
  14. Next generation reforms will be unveiled in consultation with States and stakeholders
  15. Extension of Ayushman Bharat healthcare coverage to all ASHA and Anganwadi workers and helpers.
Union Finance Minister Nirmala Sitharaman with Ministers of State for Finance Pankaj Chaudhary and Bhagwat Kishanrao Karad at the post-Budget 2024-25 press conferenceUnion Finance Minister Nirmala Sitharaman with Ministers of State for Finance Pankaj Chaudhary and Bhagwat Kishanrao Karad at the post-Budget 2024-25 press conference

09:42 IST | 02 February, 2024
PM Narendra Modi on Budget 2024-25

PM Narendra Modi on Budget 2024-25 :-

Investment for capital expenditure is taken to a historic high of ₹11,11,111 crore. India's capex and infra spending situation is going to be on a ‘sweet spot’. There will be creation of enumerable job opportunities for youngsters in the coming years. This budget has a reflection of the young aspirations of a young India. For research and innovation, a fund of ₹1 Lakh Crore will be given.
PM Narendra Modi applauding during Budget 2024-25 session on 1st FebPM Narendra Modi applauding during Budget 2024-25 session on 1st Feb
14:46 IST | 01 February, 2024
NBCC shares hit 52-week high post FM’s speech!

NBCC shares boomed 7.41% to a high of Rs 139 against the previous close of Rs 129.40 on BSE after our FM said, "2 crore houses will be built up in the next five years". She also promised a housing scheme for middle-class public.

Market cap of NBCC rose to Rs 23,895 crore. The PSU stock has gained 193% in six months and risen 272% in a year. 

In the current session, total 53.24 lakh shares of the firm changed hands amounting to a turnover of Rs 72.04 crore on BSE. NBCC shares have a beta of 0.6, indicating very low volatility in a year.

13:01 IST | 01 February, 2024
PM Awas Yojna, Medical, Farmers

PM Awas Yojna (Gramin) is nearing the 3 crore houses target. In the next 5 years it will target more 2 crore houses so that required people can get a proper roof for their families.

More medical colleges will be set-up by utilizing existing hospital infrastructure. A committee will be formed to manage the same.

Farmer Incomes will be boosted as The PM Sampada Yojana has benefited 38 lakh farmers and The PM Formalisation of Micro Food Processing Enterprises has assisted 2.4 lakh SHGs.

 

12:50 IST | 01 February, 2024
Lakhpati Didis, Dairy, Gas

Blending of compressed biogas in compressed natural gas for transport and Piped natural gas for domestic purposes will be mandated.

Program for supporting dairy farmers will be formulated and efforts are already on to defeat the Foot and Mouth Disease. India is the largest dairy producer in the world but with low productivity of milch.

83 lakh SHGs (self help groups) with 9 crore women have transformed the rural social economic landscape. Thus, amount has been raised from 2 crore to 3 crore for Lakhpati Didis.

 

12:42 IST | 01 February, 2024
Free Electricity of ₹18,000/year!

1 crore houses will get upto 300 units of free electricity per month through rooftop solar tech. Electricity savings will be ₹15,000 to ₹18,000 per year. They will also earn by selling surplus electricity to Discoms.

12:31 IST | 01 February, 2024
Budget 2024-25 Insights

Total receipts other than borrowings: Rs. 30.80 lakh crores

Total expenditure: Rs. 47.66 lakh crores

Tax receipts: Rs. 26.02 lakh crores

Scheme of 50-year interest free loans for capital expenditure, to states will be continued with outlay of Rs. 1.3 lakh crores.

Fiscal deficit in 2024-25 is estimated to be 5.1% of GDP, adhering to the path of fiscal consolidation.

11:57 IST | 01 February, 2024
No Tax upto ₹7 Lakh per year!

No liability for those earning upto Rs. 7 lakh a year. The threshold for presumptive taxation for retail businesses is increased from Rs. 2 crore to Rs. 3 crore.

Corporate tax rate is decreased from 30% to 22% for existing companies and 15% for certain new manufacturing industries.

Filing tax returns will now take only 10 days. Refunds will also get faster!

11:53 IST | 01 February, 2024
Travel, Housing, Mobility

G20 events across 60 cities have boosted Domestic Tourism. Long-term interest free loans will be provided to states so that more Middle-Class public can afford Travel.

New Housing Scheme for deserving Middle-Class who are staying in slums, chawls, or unauthorized colonies. It will enable them to buy or build a new house.

E-Vehicles will get more manufacturing facilities along with more E-Charging units across the country. 40,000 normal rail bogeys will be converted to Vande Bharat standards.

11:42 IST | 01 February, 2024
₹1 Lakh Crore to Private Companies into Technology!

Private sectors into Technology will get Rs. 1 lakh crore budget with 50 year interest free loans via long tenors and low or nil interest rates. This will help scale up Research and Innovation in the sunrise domains.

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Top Comments
Deal Newbie Deal Newbie
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Dont understand .....is govt working for people or are we working for govt ?
Helpful Helpful
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@jthakar Absolutely true. Divider in Chief has so cunningly enacted such corrupt scams, even Russian oligarchs, African dictators, Chinese businessmen or Colombian drug cartels will kick themselves in shame.

Deal's Advocate Deal's Advocate
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Seriously WhatsApp, facebook, twitter, and even LinkedIn were less likely to have such political discussions all people have started using these platforms also for the same.
Mostly all NewBies are commenting and having a moronic political discussion. This platform is for deals and informative forums, not such political debates. Start contributing to desidime on real terms rather than just all this nonsense. 

Deal Cadet Deal Cadet
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This is the real problem my friend, as far as it is according to you then "Democracy is safe" & when it is not then "Democracy is in danger", please get out of that convenience mentality

This thread is in news / discussion section, if u r here for deals then concentrate in deals section & ignore the news / discussion section, as simple as that

you do not like / want so other shouldn't too ???
27 Comments  |  
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Brand Enthusiast Brand Enthusiast
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The interim will only have sops in majority, and actual when introduced will have heart burning taxes 😀

Budding Star Budding Star
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Waste of time Again salary ignored, disappointed
Deal Newbie Deal Newbie
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After 2pm MP's statement: It was historic budget
Deal Cadet Deal Cadet
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Any loot deal from budget or vice versa budget is going to loot us.. grinning
Deal Newbie Deal Newbie
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Dont understand .....is govt working for people or are we working for govt ?
Deal Newbie Deal Newbie
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Actually answer for that question is Govt. should be BOTH (i.e govt should work for us and we should work for govt to have a good SYNERGY of growth for the country)



Butttt now a days our Govt dont want people to work for it (i.e less govt institutions catering jobs with respect to population growth so they can't offer jobs to work lol) and even the SMALL piece of institutions that Govt. already owns are being sold to Private party (in stock market by shareholding reduction in Govt institutions silently behind common people's back who dont know what stocks are - even now majority indians are NOT aware of stock market till date), saying indirectly as, we as a Govt. are incompetent to run a company/business for the welfare of the nation (BUT YOU SHOULD DO business of PAKODA SHOP AND EARN PROFIT so that GOVT CAN GET TAX by sitting, since we as govt are incompetent) and letting private players pocket profit so we dilute our ownership as Govt. 



So Govt. simply says be Entrepreneur (and do your own pakoda shop or do something with free MSME loans) as Govt. wont hire you to work, indirectly Govt. kinda says we as a Govt. dont have much to offer as job for this grown population so save yourself



So the balance between "govt working for people" and "people working for govt" is getting worser and worser, I am thinking soon govt will only do "politics" and NON SECULAR RELIGION things with "defense funding made popular" to conquer world in the name of NON SECULAR (saying - one nation - one govt - one religion - one food - one education - one language - one ration - one election lol) lol nothing else 😌 and that sucks


SYNERGY is killed

Our SECULARISM IS DYING and 

Govt just wants that to happen lol with my innocent eyes I dont know why

Someone please save unity in diversity before we become insane

Benevolent Benevolent
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Overall,it's an outstanding budget  🙌  A well balanced & progressive budget in which youth,women,farmers,green energy,small enterprises etc everything was taken care of. 👏

Firestorm Firestorm
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Kya hi farak padta he .??? Follow to kuch nhi karne vale vo log !! Sob on paper likha reh jaiga .... Last year k promise and results dikhabe bolo unhe .. to bolti band ho jaigi unki .... Sab fekte he aur fake relief dete he common man ko budget k din ... Crypto me tax laga kar usse india me khatam kardiya ... Aab gaming me tax laga kar usko bhi khatam karege ... New digital revolution ko they cant even "regulate" properly ... IT is the future and the gov. Is running away from it... !
Helpful Helpful
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Maybe good for rich...

Helpful Helpful
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@jthakar Absolutely true. Divider in Chief has so cunningly enacted such corrupt scams, even Russian oligarchs, African dictators, Chinese businessmen or Colombian drug cartels will kick themselves in shame.

Helpful Helpful
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image

Helpful Helpful
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One nation One tax. What a joke. 5%, 12%, 18%, 20%, 28% ........
View 3 more replies
Deal Subedar Deal Subedar
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@quantum @admin kindly check the comments and see how people are making nice comments? And it is being entertained for so long? Disrespecting Everyone without any reason? Any action or people can post whatever they want?
Deal Subedar Deal Subedar
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@jthakar @James_012 Firstly sorry for tagging directly but have you really warned him? Or just some people have to maintain decorum and rest are free.
I think moderators are also not doing their work, or, intentionally ignoring.
Problem is when I posted just data and facts, it turned political.
Neither abused anyone nor brought politics.
But he started abusing [all know who
And why].
Still moderators turned blind eye.
I didn't stretch it after that and reported to admin.
But looks like he wants to start argument again.
He wants my reply, what should I do? Pls tell.
View 3 more replies
Deal Subedar Deal Subedar
Admin
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Hii @ricthedem369431 I have already given him warning 

@jthakar Abusing in Forum is strictly not allowed ... Since i have given u warning already .... if its happen again acc will be suspended

Deal Cadet Deal Cadet
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where is the abuse, seems you are biased, either prove it or dont tag my name in message, dont suspend remove my account itself.

@ricthedem369431 and @james_012 seems like same people or connected fooling people here, maybe my post does not provide comission, and removing it pays them somehow.
 
over and out.
Deal's Advocate Deal's Advocate
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Seriously WhatsApp, facebook, twitter, and even LinkedIn were less likely to have such political discussions all people have started using these platforms also for the same.
Mostly all NewBies are commenting and having a moronic political discussion. This platform is for deals and informative forums, not such political debates. Start contributing to desidime on real terms rather than just all this nonsense. 

Deal Cadet Deal Cadet
Link Copied
This is the real problem my friend, as far as it is according to you then "Democracy is safe" & when it is not then "Democracy is in danger", please get out of that convenience mentality

This thread is in news / discussion section, if u r here for deals then concentrate in deals section & ignore the news / discussion section, as simple as that

you do not like / want so other shouldn't too ???
Blaze Blaze
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We should respect each other first. We should listen everyone, may be someones perspective is different. May be our finance ministers speech is political or may be not. The elections are near so it looks like political but actually it was interim budget so obviously there was nothing any special the final budget will be after elections. So relax everyone. Don't figh here and be happy.. blush
Helpful Helpful
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True that. Asli jhatkaa 11,000 Volt ka, July mein new budget post election lagegaa 😝
Deal Newbie Deal Newbie
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Ghar dila do... Next 10 years mai lower middle class se premium poor class ban jayenge 

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