#BudgetWithBT #modinomics #budget2024 #neelkanthmishra #capex #jobs
Finance Minister Nirmala Sitharaman presented her seventh consecutive Union Budget for 2024-25 on July 23. Key highlights include increased standard deductions and revised tax rates for salaried individuals under the new tax regime, as well as reduced customs duties on gold, silver, mobile phones, and other goods. The Centre's FY25 capital expenditure remains at ₹11.1 lakh crore, consistent with the Interim Budget, with infrastructure spending at 3.4% of GDP. Special focus is given to MSMEs and the manufacturing sector, including raising the Mudra loan limit from ₹10 lakh to ₹20 lakh for existing borrowers and allocating ₹2.66 lakh crore for rural development. Other significant announcements include rental housing in PPP mode for industrial workers and recognition of India's economic growth as a "shining exception." The budget emphasizes nine priority areas: Agriculture, Employment, Inclusive Development, Manufacturing and Services, Urban Development, Energy, Infrastructure, Innovation and R&D, and Next Generation Reforms. The fiscal deficit is projected to be 4.9% of GDP for FY25. Tune in to Business Today TV for an exclusive conversation between Managing Editor Siddharth Zarabi and Neelkanth Mishra, Chief Economist at Axis Bank & Head of Global Research at Axis Capital.
#manufacturing #budget2024 #nirmalasitharaman #financeminister #TaxReforms #CustomsDuties #CapitalExpenditure #InfrastructureSpending #MSMEs #MudraLoans #RuralDevelopment #EconomicGrowth #FiscalDeficit #BudgetPriorities #PPPModeHousing #BusinessTodayTV #SiddharthZarabi #NeelkanthMishra #AxisBank #AxisCapital #EconomicReforms #ShiningException
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7 сен 2024
