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Budget 2024 Live Updates: Finance Minister Emphasises Focus On: Poor, Women, The Young, And Farmers

Business Edited by Updated: Feb 01, 2024, 9:38 am
Budget 2024 Live Updates: Finance Minister Emphasises Focus On: Poor, Women, The Young, And Farmers

Budget 2024 Live Updates: Interim Budget Today (image: twitter.com/DrRutvij)

Finance Minister Nirmala Sitharaman will present the interim Budget today at 11 AM. The interim Budget delineates the revenues and expenditures till the formation of a new government. As it marks the final Budget in the second term of Prime Minister Narendra Modi, what the government has in store to keep Lok Sabha elections in mind is something to watch out for. Besides, the interim Budget will mark the sixth consecutive budget presented by Nirmala Sitharaman.

Feb 01, 2024 08:54 AM: Nirmala Sitharaman and his team arrives at the Ministry of Finance ahead of Budget presentation.

Feb 01, 2024 09:40AM: Interim Budget copies arrive in Parliament.

Feb 01, 2024 10:16 AM: President Droupadi Murmu extended her best wishes to the Union Finance Minister. Before presenting the Union Budget, Nirmala Sitharaman along with Ministers of State Dr Bhagwat Kishanrao Karad and Shri Pankaj Chaudhary and senior officials of the Ministry of Finance met President Murmu at Rashtrapati Bhavan.

Feb 01, 2024 11:00 AM: Finance Minister begins Budget speech.

Feb 01, 2024 11:08 AM: “Profound positive transformation of Indian economy in last 10 years”, says Nirmala Sitharaman.

Feb 01, 2024 11:10AM: “Recently based on the provision of basic necessities have enhanced real income in the rural areas. Their economic needs could be addressed, thus spurring growth and generating jobs. Social justice is working with an approach to development that is all about automation and self service”: Nirmala Sitharaman.

Feb 01, 2024 11:17AM: “Country is proud of youth scaling new heights in sports. Chess prodigy Praggnanandhaa put up a stiff fight against the reigning world champion Carlsen in 2023. Today, India has over 80 chess grandmasters”: Finance Minister.

Feb 01, 2024 11:21 AM: “The economy got a new vigour and fruits of development reached people at scale,” says Nirmala Sitharaman.

Feb 01, 2024 11:23 AM: Sitharaman says focus given to Women.

“Empowerment of Women through entrepreneurship, ease of living and dignity has gained momentum in last 10 years”.

Feb 01, 2024 11:23 AM:  “Making Triple Talaq illegal, one third women”s reservation in Lok Sabha and state assemblies, giving over 70% houses under PM Awas Yojana in rural areas to women as sole or joint owners have enhanced their dignity,” Nirmala Sitharaman said.

Feb 01, 2024 11:27 AM:  “Besides delivering on high growth, the government is equally focussed on a more comprehensive GDP – I.e., Governance, Development and Performance,” says Finance Minister.

Feb 01, 2024 11:30 AM: “Economic Management has complemented people centric inclusive development”, Finance Minister.

Feb 01, 2024 11:31 AM: While speaking about global context, Finance Minister said: “A new world order is emerging.”

Feb 01, 2024 11:33 AM: “India assumed G20 Presidency during very difficult times, global economy was going through high inflation, low growth, high interest rates, very high public debt, low trade growth and climate changes,” Finance Minister said, and added that  “India built consensus on global problems, the recently announced India Middle East Europe Economic Corridor is a strategic and economic game changer for India and others.”

Feb 01, 2024 11:35 AM:  Vision for Viksit Bharat.  “Next five years will be years of unprecedented development and golden moments to realize the goal of developed India by 2047,” Finance Minister said.

“Trinity of democracy, demography and diversity”, Nirmala Sitharaman says,  “backed up by Sab Ka Prayaas has the potential to fulfill aspirations of every Indian.”

Feb 01, 2024 11:37AM:  Finance Minister delineates strategy for Amrit Kaal. “The government will take up next gen reforms and build consensus with stakeholders for effective implementation,” Minister said.

Feb 01, 2024 11:40 AM:  “Our government will facilitate sustaining high and more resource efficient economic growth, this will contribute to energy security, in terms of availability, affordability and accessibility,” Finance Minister.

Feb 01, 2024 11:40 AM: Garib Kalyan, Desh ka Kalyan. “We believe in empowering the poor!,” Finance Minister said.

“With the pursuit of #SabkaSaath in the last 10 years, Government has assisted 25 crore people to get rid of multi-dimensional poverty,” she added.

Feb 01, 2024 11:41 AM: “Government will pay utmost attention to make eastern region and its people a powerful driver of India”s growth,” says Nirmala Sitharaman.

Feb 01, 2024 11:42 AM: Regarding PM Awas Yojana Gramin implementation, Finance Minister said that despite challenges of the pandemic, Yojana continued and said: “we are close to achieving the target of 3 crore houses, 2 crore houses more will be taken up in next 5 years to meet requirement arising from increase in number of families.”

Feb 01, 2024 11:43 AM: “Rooftop solarisation and free electricity Through rooftop solarisation, 1 crore households will be enabled to obtain up to 300 units of free electricity every month,” Finance Minister.

Feb 01, 2024 11:44  AM:  Nirmala Sitharaman on charging of electric vehicles. “Entrepreneurship opportunities to a large number of vendors for supply and installation, employment opportunities for youth with technical skills in manufacturing, installation and maintenance,” Minister said.

Feb 01, 2024 11:45  AM: Regarding housing for middle class, Minister said: A scheme to be launched to help deserving sections of middle class living in rented houses or slums or chawls or unauthorized colonies to buy or build their own houses.”

Feb 01, 2024 11:45  AM: Finance Minister on Aviation sector: “The Centre has galvanised the aviation sector over the last 10 years as the number of airports has doubled to 149 in the last decade.”

Feb 01, 2024 11:46  AM: Government plans to set up more medical colleges by utilising existing hospital infrastructure, Minister added. “Government will encourage vaccination for girls in the age group 9 – 14 years to prevent cervical cancer”, Nirmala Sitharaman said.

Feb 01, 2024 11:46  AM: “Government plans to set up more medical colleges by utilizing existing hospital infrastructure”, says Finance Minister.

Feb 01, 2024 11:49  AM: “Upgradation of Anganwadi centres under Saksham Anganwadi and Poshan 2.0 will be expedited for improved nutrition delivery, early childhood care and development,” Minister said concerning maternal and child health care.

Feb 01, 2024 11:49  AM: Minister on Ayushman Bharat; “Health care cover under Ayushman Bharat to be extended to all ASHA workers, all Anganwadi workers and helpers”.

Feb 01, 2024 11:50 AM: In the speech, Nirmala Sitharaman said that key rail infrastructure projects including Metro Rail and Namo Bharat will be advance to more cities and around 40,000 rail bogies will be converted to Vande Bharat coaches.

Feb 01, 2024 11:51 AM: “Farmers our are Anna Datas!!”, Minister said. Focusing on farmers welfare, Minister added: “Every year under PM Kisan Samman Yojana, Direct financial assistance is provided to 11.8 crore farmers, including marginal and small farmers – Crop insurance is given to 4 crore farmers under PM Fasal Bima Yojana”.

Feb 01, 2024 11:54  AM:  Aatma Nirbhar Oilseeds Abhiyan; building on initiative announced in 2022, a strategy will be formulated for achieving self reliance in oilseeds, Minister said: “This will cover research in high yielding varieties, adoption of modern farming techniques, market linkages, procurement, value addition and crop insurance.”

Feb 01, 2024 11:55 AM: On Dairy Development and Fisheries

 A comprehensive programme for supporting dairy farmers will be formulated, Minister said and added: “It was our government which set up a separate department for fisheries, realizing this will help in generating jobs as well“.

Feb 01, 2024 11:58 AM: On the topic of promoting investments, Minister spoke about Foreign Direct Investment (FDI) inflow.

Feb 01, 2024 11:59 AM: Regarding reforms in states for “Viksit Bharat”, Minister stated that many growth and development enabling reforms are needed in states.

“Provision of Rs. 75,000 crores as 50-year interest-free loan is proposed this year to support those milestone-linked reforms by state governments,” Minister said.

Feb 01, 2024 12:00 PM: “Government will form a high powered committee for an extensive consideration of challenges arising from fast population growth and demographic changes,” Finance Minister said.

Feb 01, 2024 12:02 PM: “In full Budget in July, government will present a detailed roadmap for our pursuit of Viksit Bharat”, Nirmala Sitharaman said.

Feb 01, 2024 12:04 PM: While speaking about “Empowering Amrit Peedhi, the Yuva” Finance Minister said: “Our prosperity depends on a adequately equipping and empowering the youth!!”. The National Education Policy 2020 is “ushering transformational reforms”, she added.

Feb 01, 2024 12:07 PM: Finance Minister on Revised Estimates of 2023-24:

Feb 01, 2024 12:09 PM: Finance Minister on Budget Estimates for 2024-25

Feb 01, 2024 12:13 PM: “Direct tax collections have more than trebled in last 10 years, return filers have become 2.4 times Government has reduced and rationalized tax rates,” says Finance Minister. 

Feb 01, 2024 12:13 PM:  While speaking about Nari Shakti, Finance Minister said: “Empowerment of Women through entrepreneurship, ease of living and dignity has gained momentum in last 10 years.”

She added that “female enrollment in higher education has gone up by 28% in 10 years and in STEM courses, girls and women constitute 43% of enrollment, one of the highest in the world.”

Feb 01, 2024 12:17 PM: Finance Minister on GST; “GST has reduced compliance burden on trade and industry,” Minister said.

Feb 01, 2024 12:19 PM: Minister on Tax Proposals

“In keeping with convention, I do not propose to make any changes relating to taxation and propose to retain the same tax rates for direct and indirect taxes including import duties,” Minister said.

Feb 01, 2024 12:26 PM: Regarding Economy Now and Then, Finance Minister said: “Economy has been put firmly on a sustainable growth path with all round development.” 

“Exemplary track record of governance, development and performance, effective delivery and Jan Kalyan has given the government trust, confidence and blessings of the people to realise whatever it takes to realize the goal of Viksit Bharat,” Minister said concluding the budget speech.

Feb 01, 2024 12:25 PM: Congress MP Shashi Tharoor remarked the budget as a lot of “rhetorical speech” and “very little concrete on implementation.”

Feb 01, 2024 01:12 PM: Prime Minister Narendra Modi called the interim Budget “historic” and said said “the ‘Viksit Bharat Budget’ will benefit every section of the society, and lays the foundation for a developed India.”

Feb 01, 2024 01:26 PM: AAP MP Swati Maliwal called interim Budget as “a disappointing budget”. 

Feb 01, 2024 01:32 PM: Opposition Congress referred the interim Budget as “empty envelope”. 

“Like the ‘General Budget’ of the Modi government, interim Budget2024 also turned out to be an “empty envelope”!,” wrote senior Congress leader Randeep Singh Surjewala on X.

 

Topics
Budget 2024 Finance Minister interim budget 2024 Narendra Modi Government nirmala sitharaman Timeline Breaking

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