Back
PremiumBudget 2024 Key Highlights: Finance Minister Nirmala Sitharaman announced the Union Budget 2024-25 in the parliament on July 23. The Budget focused on provisioning for the agricultural sector, the introduction of schemes related to employment, loan schemes, announcements for financial support to the MSME sector, infrastructural development, and fiscal deficit projection at 4.9% with a commitment to reducing it down to 4.5%.
The government cut customs duties at the same time making changes in the capital gain taxes for the financial year. The “Taxation budget" comes in the form of a revision in tax slabs under the new tax policy. Stay tuned to our Budget 2024 key Highlights live blog for the latest updates. Read the latest news on Budget 2024 with our live coverage on the Income Tax Slab, Impact on Share Market, Budget Key Highlights, and Corporate Reactions.
Budget 2024 Key Highlights Live: Here are the announcements on Capital gain taxes
Budget 2024 Key Highlights Live: FM Sitharaman announces cut in Custom Duties:
Budget 2024 Key Highlights Live: FM Sitharaman projects FY25 fiscal deficit at 4.9% of GDP as against 5.1% in Interim Budget. She says government is committed to reduce deficit below 4.5%.
Budget 2024 Key Highlights Live: FM announced that industrial parks will be developed in or near 100 cities. Here are the proposals:
Budget 2024 Key Highlights Live: FM Sitharaman announced a package in a boost to skilling. Here are the highlights
Skilling Programme and Upgradation of Industrial Training Institutes
Internship in Top Companies
Budget 2024 Key Highlights Live: Finance Minister Nirmala Sitharaman keeps capex for FY25 at ₹11.11 lakh crore or 3.4% of GDP, same as announced in Interim Budget
Budget 2024 Key Highlights Live: Here are the announcements for MSMEs:
Budget 2024 Key Highlights Live: FM Sitharaman proposes revision of Model Skill Loan Scheme to help 25,000 students every year. Here are the announcements:
Budget 2024 Key Highlights Live: FM Sitharaman announces three schemes for employment-linked incentives. These schemes will be based on enrolment in the EPFO and focus on recognizing first-time employees.
Scheme A: First timers
First-timers to receive one month's wage upon entering the workforce in all formal sectors. A direct benefit transfer (DBT) of one month's salary, up to ₹15,000, to be provided in three instalments.
Scheme B: Job creation in manufacturing
Job creation in manufacturing sector to be incentivized through a scheme linked to the employment of first-time employees. Incentives to be provided to both employees and employers as per their EPFO contributions for the first 4 years of employment.
Scheme C: Support to employers
Reimbursement to employers up to ₹3,000 per month for 2 years towards their EPFO contribution for each additional employee. The eligibility limit for this will be a salary of ₹1 lakh per month, and it is expected to benefit 2.1 lakh youths
Budget 2024 Key Highlights Live: Here are the announcements made so far for the agriculture and allied sectors:
Budget 2024 Key Highlights Live: FM Nirmala Sitharaman announces Budgetary priorities. These are -
Budget 2024 Key Highlights Live: FM Sitharaman announces ₹2 lakh crore for 5 new schemes. The focus will be on jobs and skilling of 4.1 crore youth.
Budget 2024 Key Highlights Live: FM Sitharaman begins her Budget speech. She says -
Finance Minister Nirmala Sitharaman presents the Union Budget for the financial year 2024-2025 in the Lok Sabha.
Budget 2024 Key Updates Live: The Union Cabinet has approved the Union Budget for the financial year 2024-2025. This is the first full budget of the Modi 3.0 government. Finance Minister Nirmala Sitharaman will present the budget 2024 at 11 am in Lok Sabha. This will be her seventh straight Budget speech.
The Economic Survey 2024 tabled in the parliament on Monday raised concerns over the significant increase in the participation of retail investors in the Indian stock market, calling for careful consideration.
“This is crucial because the possibility of overconfidence leading to speculation and the expectation of even greater returns, which might not align with the real market conditions, is a serious concern," the Economic Survey said.
Budget 2024 Key Updates Live: Rahul Ghose, CEO of Hedged.in advises a low risk strategy in the Bank Nifty index that can be employed to play the budget day. Speaking on the Budget trading strategy for Bank Nifty options, Ghose recommends Cross Calendar Spread.
Here’s the budget trading strategy for Bank Nifty by Rahul Ghose:
Trade name:
Bank Nifty Cross Calendar spread
Trade Structure:
Trade rules:
The capital required in the trade is approximately ₹20,000. According to Ghose, this trade can be entered if Bank Nifty is between 52,500 and 51,500 on or before the budget day.
The maximum loss in the trade is ₹3,000 and the target in the trade should be 4-5% on the capital depending upon the time and individual risk appetite, he said.
Trade Modifications:
The trade is protected with a limited risk, but one can further bring down the risk by constantly selling weekly expiry puts of subsequent weeks.
For example: At the end of July, one can buy back the 31st July PE and sell the 7th August or week after that PE. Just make sure that you get at least ₹80 when you are selling the Puts, Ghose added.
Budget 2024 Key Updates Live: Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in the parliament shortly. You can watch the Budget speech live on Livemint’s YouTube channel here.
Budget 2024 Key Updates Live: Union Finance Minister Nirmala Sitharaman tabled the Economic Survey 2023-24 on July 22. Here are the key highlights from the Survey:
Budget 2024 Key Updates Live: Finance Minister announced an Interim Budget on February 1 ahead of the Lok Sabha elections 2024. Here are the key highlights from the Interim Budget:
Budget 2024 Key Updates Live: Indian stock market benchmark indices, Sensex and Nifty 50, opened higher on Tuesday ahead of the announcement of Union Budget 2024.
Budget 2024 Key Updates Live: The Budget 2024 is expected to provide focus on the government’s roadmap for ‘Viksit Bharat’ by 2047. While maintaining the path of fiscal prudence, the government is likely to focus on capex spending to help create jobs and targeted social sector spending. Budget is also expected to be themed on improving access to physical, social and digital infrastructure.
Budget 2024 Key Updates Live: Finance Minister Nirmala Sitharaman will begin her Budget speech at 11 am in the Lok Sabha today. After presenting the Budget, Sitharaman and her Finance Ministry team will address the media on the Budget 2024.
Budget 2024 Key Updates Live: Union Finance Minister Nirmala Sitharaman will present her seventh consecutive Union Budget today in the Lok Sabha, the lower house of the Parliament, surpassing former FM Morarji Desai’s record. The Budget 2024 will be the first full budget of the National Democratic Alliance (NDA) government in its third term led by Prime Minister Narendra Modi. However, it will be Modi government’s 13th Budget since taking charge in 2024.
Budget 2024 Key Updates Live: Finance Minister Nirmala Sitharaman is set to present the Union Budget for the financial year 2024-25 in the parliament today. This will be the first budget of Prime Minister Narendra Modi’s third term in the government.
