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PremiumBudget 2024 Political Reactions Live Updates: Union Finance Minister Nirmala Sitharaman on July 23 is presenting her seventh consecutive Budget. While presenting the Union Budget, FM Sitharaman announced significant changes in personal income tax rates for the fiscal year 2024-25 to reduce the tax outgo of the masses. The Finance Minister has provided relief to taxpayers by revising the income tax slabs for the current fiscal year. Under the new regime, individuals will continue to pay no tax on incomes up to ₹3 lakh, mirroring the previous year's structure.
The Finance minister during her speech also announced that government will provide ₹11.11 lakh crore towards capex for 2024-25. The government will provide financial support for loans up to ₹10 lakh for higher education in domestic institutions. Presenting the budget for 2024-25, she said e-vouchers for this purpose will be given directly to one lakh students every year with interest subvention of 3 per cent of the loan amount.
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All the Union Budget documents, including the Annual Financial Statement (commonly known as the Budget), Demand for Grants (DG), and Finance Bill, as prescribed by the Constitution, will be available on the "Union Budget Mobile App" for hassle-free access to budget documents by Members of Parliament (MPs) and the public.
The app is bilingual (English and Hindi) and available on both Android and iOS platforms. The app can also be downloaded from the Union Budget Web Portal (www.indiabudget.gov.in).
Read the latest news on Budget 2024 with our live coverage on the Income Tax Slab, Impact on Share Market, Budget Key Highlights, Corporate Reactions.
Taking to X, Jairam Ramesh wrote, “In 2018, Chandrababu Naidu garu quit the NDA because of the non-biological PM’s failure to grant Andhra Pradesh Special Category Status. Six years after the drama, at a time when the Government is reliant on his MPs for support, all he has managed to get is “special financial support" for Amravati"
Finance Minister Nirmala Sitharaman announced that the central government recognises Andhra Pradesh's need for capital and will arrange ₹15000 crore for the building of the state capital Amravathi in the current Financial Year.
"Our government has made concerted efforts to fulfil the commitments in the Andhra Pradesh Reorganisation Act. Recognizing the state's need for capital, we will facilitate special financial support to multilateral development agencies. In the current FY, ₹15000 crore will be arranged, with an additional amount in future years," Sitharaman said on Tuesday.
She also stated that the central government is committed to financing and early completion of the crucial Polavaram project in Andhra Pradesh as it facilitates food security in the country.
"Our government is fully committed to financing and early completion of the Polavaram irrigation project, which is the lifeline for Andhra Pradesh and its farmers. This will facilitate our country's food security as well," Sitharaman said.
Azad Samaj Party MP Chandra Shekhar Aazad threatens protest if SCs and STs don't get their share of the Budget. While speaking to news agency ANI, he said, "...If we won't get our share of the Budget then we will put forward our views and protest against it... Those who were not even considered human, what would be given to them (SCs and STs)? According to a report, the MP government diverted SC and ST's budget to animal welfare... We are here to protect the rights of our people..."
Union Minister Anupriya Patel says, "FM Nirmala Sitharaman is presenting the Union Budget for the 7th time now... This budget will cater to all sections of the society. Guarantees of the Modi government and all our election promises will be fulfilled. India will become the third-largest economy in the world. The economic survey also predicts a 7% growth rate..."
Finance Minister Nirmala Sitharaman announced the Union Budget 2024 on Tuesday, i.e July 23, 2024. This year's budget has outlined nine priorities for the year ahead.
Apart from allocations to agriculture, the finance minister has promised to priorities to employment and skilling, social justice, manufacturing and services, urban development, energy security, infrastructure, and, research and development.
Congress MP Jebi Mather said, "The expectations and the buildup given by the government are so high. But what would be the reality of the budget and how they are going to implement will be the biggest question and the challenge for the government... We are at a 45% high unemployment. How are we going to address that?.. The general government debt is about 80% of the GDP. So how are they going to address all these things?.. If it is going to be a people's budget, how they would implement it when the government is in such a high debt position?...
TMC MP Shatrughan Sinha says, "... Youth, women, farmers, unemployment, and inflation are the major issues."
INDIA bloc leaders of Bihar protest outside State Assembly demanding special state status.
Earlier on July 22, The Prime Minister Narendra Modi-led central government ruled out ally Chief Minister Nitish Kumar's demand for Special Category Status to Bihar. On the eve of the Budget 2024, the government cited an inter-ministerial group report prepared in 2012 to assert that a case for granting Special Category Status to Bihar is not made out.
Ahead of Union Budget, Shiromani Akali Dal MP Harsimrat Kaur Badal said, "... I expect that the farmer loans are waived and that MSP is made a legal guarantee... The economic survey shows that 50% of the youth of India lacks the necessary skills to even land jobs. Unemployment, inflation, farmer issues and farmer loans are major issues. I hope these issues are addressed."
AAP MP Sanjay Singh said, "Arvind Kejriwal's sugar level has dropped below 50 for 36 times now... You are playing with the life of Delhi's elected CM... It shows that the case is not limited to his arrest, it is a deep-rooted conspiracy to kill Arvind Kejriwal."
Union Finance Minister Nirmala Sitharaman says "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, women, youth and the farmer/ For farmers, we announced higher Minimum Support Prices for all major crops delivering on the promise for at least a 50% margin over cost. PM Garib Kalyan Anna Yojana was extended for 5 years benefitting more than 80 crore people."
While presenting the Union Budget 2024, FM Sitharaman said, “India's economic growth continues to shine"
On the Union Budget, Delhi Minister Atishi says "We expect that Delhi will get ₹20,000 crores. The people of Delhi give ₹2 lakh crore and ₹25,000 as a central share of GST. We expect to get at least 10% of that. We have demanded ₹10,000 crore for infrastructure and ₹10,000 for MCD..."
The Union Cabinet headed by Prime Minister Narendra Modi on Tuesday approved the full budget for 2024-25, sources said as reported by PTI. Finance Minister Nirmala Sitharaman will shorlty present her seventh budget in the Lok Sabha.
While speaking to reporters, AAP MP Sanjay Singh said, "In the last 10 years, crores of Indians are suffering from inflation. Everyone will see what is done to curtail inflation. Farmers have been demanding MSP for a long time now... NDA allies are also demanding to revoke the Agniveer Scheme... Employment, MSP, and inflation will be the major areas where the main focus will be... I can leak the budget of Delhi now. For the last 9 years, Delhi has not been receiving more than ₹325 crores for the sole reason that the people of Delhi elected AAP..."
Ahead of Union Budget presentation, Congress MP K Suresh says, "The previous budgets were anti-people. The Economic Survey also says that they (govt) are not listening to problems like price rise and unemployment faced by the poor. The common man is not getting any benefits from the Budget. The Modi govt is always protecting the corporates."
Union Minister Jyotiraditya Scindia said, "The budget will be a journey of resolve to take the country on the path of development and progress. It is our hope that on the basis of this budget, we will move rapidly towards achieving the goal of 'Viksit Bharat' as per the resolve of the Prime Minister."
On Union Budget expectation, Kisan Mahapanchayat president Rampal Jat says, "India is primarily an agricultural country and its budget should also be agriculture-centric. The Economic Survey also says that agriculture should be the focus. 5 trillion dollar economy can be achieved. The day the farmers get the right price for their crop produce, water for their fields, export-import policies are in favour of the farmers, crop produce isn't sold at a loss, this will give wings to the economy..."
While speaking to news agency PTI, TMC MP Dola Sen said, "We have no expectation from PM Modi and Nirmala Sitharaman's Budget because the experience of last 10 years is not good for people of India. Nobel laureate Amartya Sen says that education and health of common people are important. Do you believe that they have done anything for these two pillars. Unemployment is the great problem, we are densely populated. Will they say that they have provided 20 cr jobs in last 10 years?"
Union Minister Jayant Chaudhary says “There is excitement. An aspirational Budget will be presented to take the country forward"
Uttar Pradesh Finance Minister Suresh Kumar Khanna says, "We expect that this budget will be proven to be a milestone in the journey of Viksit Bharat. The economic survey that was presented yesterday made it clear that our growth rate has increased to 8.2 which was 6.5, earlier; the employment rate has decreased and all our economic activities have strengthened. The budget that'll be presented today, will benefit Uttar Pradesh as well..."
Ahead of Modi govt's Union Budget, Shiv Sena (UBT) MP Priyanka Chaturvedi says, "I hope Nirmala Sitharaman ji will provide some relief from rising inflation and unemployment and the government will talk about 'Jan ki baat' and not the PM's 'mann ki baat'..."
On the Union Budget, Congress MP Pramod Tiwari says "...In budget, what are they going to do for the farmers, unemployment, inflation and how will it be controlled? How will this issue be addressed, the way the rupee is falling, nothing is being done about the medium and small industries. Will this budget be for some selected friends of PM Modi like the previous budget, this is what we are waiting for..."
Ahead of the presentation of Union Budget by Modi govt, Revolutionary Socialist Party (RSP) MP NK Premachandran says, "Economic Survey 2024 has indicated that inflation is leading to a price rise. Poverty, price rise and unemployment are the issues concerning the common masses. The govt has to take note of all this. But I don't expect anything from this govt as it is only concerned about the corporates..."
Finance Minister Nirmala Sitharaman arrived at the Ministry of Finance ahead of the Union Budget presentation on July 23. The Finance Minister was pictured wearing a white saree with a violet border as she arrived at the Ministry. Nirmala Sitharaman is set to present the Union Budget 2024 in Parliament today, marking her seventh consecutive budget and eclipsing the late Moraji Desai's record of six consecutive budgets.
Minister of State for Finance Pankaj Chaudhary said that the first Union Budget of the third Modi government will be based on his mantra of "Sabka Saath Sabka Vikas".
Agriculture will remain a priority, with measures aimed at improving farmers' income and livelihoods.
Direct Benefit Transfers (DBT): Increased allocations for DBT schemes will ensure subsidies and benefits reach farmers directly, reducing leakages and improving efficiency.
Rural infrastructure: Investments in rural infrastructure, such as roads, irrigation, and storage facilities, will aim to boost agricultural productivity and connectivity.
Agri-tech initiatives: Support for agri-tech startups and modern farming techniques will help farmers increase their yields and income
The budget is expected to prioritise social welfare schemes and infrastructure development.
Healthcare and education: Allocations for healthcare and education sectors are likely, with potential investments in medical colleges and digital initiatives to improve education quality.
Infrastructure development: Significant investments in infrastructure, including roads, railways, and urban development, are expected to create jobs and drive economic growth. Focus on renewable energy and green projects will contribute to sustainable development.
Social security: Enhanced provisions for social security, including pensions and insurance for the underprivileged, are expected to provide a safety net for vulnerable populations.
"I would wish the Union Government would provide special schemes for us. During the past 18 months, we were able to provide 28000 crore rupees. During the BJP regime, the state has gone into debt. We are taking loans to clear the debt. Despite all this, we were able to improve our economy, and we hope that by 2027 we will be able to make Himachal Pradesh a self-reliant state," said CM Sukhu.
He added, “We want to make Himachal Pradesh a self-reliant state by 2027. We spoiled the four months of elections and the four months in disaster last year. We were appreciated by the World Bank, Niti Aayog, and the BJP leaders for our efforts for disaster restoration. We want the support of people in the state, especially the BJP, who have been playing a negative role in the state."
Expressing expectations on the Union Budget for 2024-25, Vikramaditya Singh on Monday said that he is hoping that the voice of Himachal Pradesh will be represented in the Union budget.
"We hope that the voice of Himachal will also be kept in the Union budget. JP Nadda is also part of the Union government and I hope the interest of Himachal would be protected. In the field of electricity, old pension schemes, and the roads to be built in the hill state, I hope this will be kept in mind wjile presenting the Union budget," said Vikramaditya Singh.
"The government is stable, and Himachal Pradesh has completely failed the attempts of the BJP to topple the elected government. I request the BJP leadership to stop destabilising the elected governments and corporations for the constructive development of the state," said PWD Minister Vikramaditya Singh.
"The Economic Survey shows that PM Shri @narendramodi Ji's vision of a Viksit Bharat is an imminent possibility. Over the last 10 years, the visionary policies of Modi Ji have placed Bharat at the pinnacle of economic growth. The survey documents Bharat's rise to the pedestal of the fastest-growing major economy while prominently outlining its future trajectory to emerge as a developed nation," Shah posted on X, sharing the Economic Survey along with the post.
