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Summary: Get all the key highlights of the interim budget 2024 in one place. These budget highlights cover the key announcements made in sectors like health, agriculture, housing, tourism, energy, etc. With possibly good news if you have an old tax dispute! Read on for more.
The last budget of the incumbent government was presented in the Parliament by the hon. finance minister Ms. Nirmala Sitharaman on 1 February 2024. India’s first full-time woman finance minister presented her sixth straight budget, a feat accomplished only by former prime minister Morarji Desai.
Clocking at 58 minutes, this was the shortest budget presentation by the finance minister. As expected, reducing the fiscal deficit was a priority, as the interim budget carefully avoided too many populist expenditures.
As the interim budgets often tend to be, the Budget 2024 outlined a roadmap for the future and indicated the priorities of the government for the years to come.
From a closer look at the interim budget speech, these are some of the important highlights -
No sweeping changes, no populist mega-schemes, no tax tinkering – this is how interim budgets generally tend to be. Nevertheless, the interim budget outlines the broader vision of the government for the future, and as IDFC FIRST Bank MD CEO, Mr V Vaidyanathan puts it, it is a “prudent and growth oriented” budget.
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