Budget2024

🔹 India’s Finance Minister, Nirmala Sitharaman, will unveil the Interim Budget 2024 on February 1 – marking her 8th consecutive budget, a record in India’s history!
🔹 This budget is expected to focus on economic growth, fiscal discipline, and key policy measures ahead of the General Elections 2024.
🔹 Crypto & Financial Markets will closely watch for any taxation changes, incentives, or regulatory updates affecting investments.
🔹 Crypto Investors Alert! Will there be relief on the 30% tax & 1% TDS on crypto transactions? The industry awaits clarity!
📌 Stay tuned for key takeaways and market impact! #Budget2024

➤ The fiscal deficit target for FY24 has been revised to 5.8% of GDP from 5.9%, with a target of 5.1% for FY25. The gross market borrowing target for FY25 is set at Rs 14.13 lakh crore, and net market borrowing is expected to be Rs 11.75 lakh crore.Binance Crypto Giveaway➤ In FY24, the revised expenditure is Rs 44.90 lakh crore, and the nominal GDP growth is projected at 14%. The food subsidy is set at Rs 2.12 lakh crore, while the divestment target for FY24 has been cut to Rs 30,000 crore, and for FY25, it's set at Rs 50,000 crore.Budget 2024 Highlights:Rail Connectivity:- High-density corridor decongestion- Dedicated corridors for Energy, Mineral, and Cement- Conversion of 40,000 normal train bogies into high-speed Vande Bharat onesAgri:- Promotion of investment in post-harvest activities- Empowerment of dairy farmers- Increased efforts to control Foot and Mouth Disease- Crop insurance for 4 crore farmers under PM Fasal Bima Yojana- Establishment of five integrated Aqua ParksHealthcare:- Extension of Ayushman Bharat facilities to Aasha and Aanganwadi workers- Plans to set up hospitals in all districts- Cervical cancer vaccination for girls aged 9-14Housing:- New housing plan for the middle class- Construction of 2 crore houses under PM Aavas YojanaIndia Growth:- Anticipation of unprecedented growth in the next five years- Next generation reforms in consultation with state governments- Focus on making the eastern region a driver of India's growth- Provision of 300 units of free power to over 1 crore houses under the new Solar power policy- Rise in women's participation in higher education to 28% in the last 10 years- Disbursement of over Rs 22 lakh crore Mudra loans in the last decade- Triple Talaq made illegal, one-third reservation in Parliament for women enhances their dignity- Training of over 1.4 crore youth under the Skill India missionMiscellaneous:- Direct transfers of Rs 34 lakh crore to beneficiaries leading to significant government savings- Uplifting 25 crore people out of poverty in the last 10 years- Focus on the welfare of Garaab, Yuva, Mahila, and Annadata- Positive transformation of the Indian economy in the last decade with Sabka Saath Sabka VishvaasThe Budget session commenced with President Droupadi Murmu addressing the joint session of Lok Sabha and Rajya Sabha, highlighting the positive advancements in the Indian economy over the last decade. The interim budget serves as a provisional financial plan until the comprehensive union budget is unveiled post-elections. Prime Minister Narendra Modi stated that the interim budget provides a Disha Nirdesh for India before the start of the Budget Session.🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.#Write2Earn #TradeNTell #AmanSaiCommUNITY #budget2024