UNION BUDGET 2024 : Key Highlights
India's Finance Minister, Nirmala Sitharaman, presented the Interim Budget for the upcoming fiscal year starting April 1, 2024. Aligning with expectations for fiscal prudence, New Delhi maintained existing tax slabs and refrained from major announcements as the Modi government aims for a third term post the Lok Sabha elections in April-May. Key Points from Interim Budget 2024 Fiscal deficit target for FY25 set at 5.1%, FY24 aim revised to 5.8% from 5.9%. Capex outlay of Rs 11.11 lakh crore. Tax receipts for 2024-25 are projected at Rs 26.02 lakh crore. Divestment target of Rs 50,000 crore for FY25. Railways to get Rs 2.55 lakh crore, up from the previous year's high of Rs 2.4 lakh crore. Gross market borrowing target for FY25 pegged at Rs 14.13 lakh crore. Nominal GDP growth seen at 10.5%. PLI scheme gets Rs 6,200 crore. Health sector to get Rs 90,170 crore, 13.8% higher than RE of Rs 79,220 crore for 2023/24. The education budget for 2024/25 seen at Rs 1.25 lakh crore. Income ...