Union Budget 2024 Live Updates: Finance minister Nirmala Sitharaman presents Budget 2024
New Delhi: Finance Minister Nirmala Sitharaman presents first Budget of the third consecutive Modi government
Here are the live and important updates of Union Budget 2024:
12:25 AM: Changes in the new income tax: 0-3 Lakhs: Nil; 3-7 lakh: 5%; 7-10 lakhs: 10%; 10-12 lakhs: 15%; 12-15 lakhs: 20%; Above 15 lakhs: 30%
12:20 AM: TDS rate on e-commerce operators reduced from 1% to 0.1%, says FM Nirmala Sitharaman
12:20 AM: Government reduces basic customs duty on mobile phones, mobile chargers to 15%
12:15 PM: PM Gram Sadak Yojana's phase 4 to be launched
12:15 PM: street markets (100 haats) to be set up in select cities
12:15 PM: water supply will be promoted in partnership with state govts
12:15 PM: Govt to undertake comprehensive review of Income Tax Act to make it easy to read, says FM.
12:15 PM: Custom duties on gold, silver reduced to 6%
12:10 PM: Fiscal deficit estimated at 4.9% of GDP, The aim is to reach the deficit below 4.5%: FM Sitharaman
12:10 PM: Govt announces loans up to Rs 10 lakh for higher education in domestic institutions
12:05 PM: Govt proposes reduction in basic customs duty on certain brood stocks, shrimps and fish feed to 5pc: FM.
12:05 PM: GST has decreased tax incidence on common man, reduced logistic cost for industry, it is a success of vast proportion: FM in Lok Sabha.
12:00 PM: Free electricity upto 300 units per month for 1cr household under solar panel scheme
12:00 PM: Rs 2 lakh crore allocated to employ 4.1 crore youth over next 5 years
11:55 AM: Govt to provide assistance to Odisha for development of tourism: FM in Lok Sabha.
11:55 AM: Govt to provide Rs 11,500 crore to Bihar for flood mitigation, says FM.
11:50 AM: Finance Minister proposes Rs 1.5 lakh cr long-term interest-free loans to support states towards infra development.
11:50 AM: Finance Minister Nirmala Sitharaman announces a scheme to provide internship opportunities to one crore youths at 500 top companies across the country over the next five years. Each intern will receive a monthly allowance of ₹5,000 and a one-time assistance of ₹6,000.
11:45 AM: 2.66 lakh crore for rural development
11:45 AM: Govt will develop digital public infra application in 7 areas, including credit, MSME service delivery: FM in Lok Sabha.
11:40 AM: IBC has resolved more than 1,000 cases resulting in realisation of Rs 3.3 lakh cr to creditors, says FM.
11:40 AM: Govt proposes development of digital public infra application for productivity gains, biz opportunities and innovation by private sector: FM
11:37 AM: Govt to launch auction of first offshore mining blocks: FM announces in Budget.
11:37 AM: Govt will facilitate dormitory type rental housing for industrial workers in PPP mode: FM
11:37 AM: Govt to promote investment-ready industrial parks in 100 cities: FM in Budget
11:36 AM: Rs 26,000 crore to be allocated for highways in Bihar
11:35 AM: Special package of ₹15,000 crores announced for Andhra Pradesh.
11:33 AM: Nirmala Sitharaman announces major financial packages for Bihar and Andhra Pradesh.
11: 32 AM: "The request from the Bihar government for external assistance from multilateral development banks will be expedited," says Nirmala SItharaman
11:3O AM: Nirmala Sitharaman announces employment-linked skilling schemes as part of the PM's package, emphasizing enrolment in the EPFO and recognizing first-time employees. "First-timers will receive one month's wage upon entering the workforce in all formal sectors," she stated. A direct benefit transfer (DBT) of one month's salary, up to ₹15,000, will be provided in three instalments. The eligibility limit for this benefit is a salary of ₹1 lakh per month, and it is expected to benefit 2.1 lakh youths.
11:28 AM: Nirmala Sitharaman announces financial support for higher education loans up to ₹10 lakh.
11:25 AM: The budget will prioritize nine key areas: productivity and resilience in agriculture by initiating 1 crore farmers into natural farming over the next two years, employment and skilling with a focus on job creation and skill development, improved human resources and social justice, strengthening the manufacturing and service sectors, advancing urban infrastructure and development, ensuring stable and secure energy supply, investing in infrastructure projects, promoting innovation, research, and development, and implementing next generation reforms to drive future growth.
11: 23 AM: India's inflation remains low and stable, approaching the 4% target: Nirmala Sitharaman
11:2O AM: The budget will prioritize nine key areas: productivity and resilience in agriculture by initiating 1 crore farmers into natural farming over the next two years, employment and skilling with a focus on job creation and skill development, improved human resources and social justice, strengthening the manufacturing and service sectors, advancing urban infrastructure and development, ensuring stable and secure energy supply, investing in infrastructure projects, promoting innovation, research, and development, and implementing next generation reforms to drive future growth.
11:15 AM: India's inflation remains low and stable, approaching the 4% target: Nirmala Sitharaman
11:10 AM: Union Finance Minister Nirmala Sitharaman announces that the budget will prioritize employment, skilling, Micro, Small, and Medium Enterprises (MSMEs), and the middle class.
11:00 AM: Finance Minister Nirmala Sitharaman begins presentation of her 7th Union Budget in Lok Sabha.
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Mandaviya opens ESIC hospital in Doddaballapur, lays foundation for facility in Ballari
Bengaluru (PTI): Union Minister Mansukh Mandaviya on Sunday inaugurated the newly constructed 100-bedded ESIC Hospital at Doddaballapur near here.
He also laid the foundation stone for a 100-bedded ESIC Hospital at Ballari, remotely from Doddaballapur.
Union Minister of State for Labour and Employment Shobha Karandlaje, Chikkaballapura MP K. Sudhakar, and Doddaballapur MP Dheeraj Muniraju were among those present.
These healthcare facilities mark a significant milestone in strengthening healthcare delivery under the Employees’ State Insurance (ESI) Scheme in the region, officials said at the event.
As a special gesture, the union minister of labour and employment also honoured construction workers who contributed to the development of the hospital and disbursed cash benefits to ESI beneficiaries during the event.
The Doddaballapur facility will serve over 1,42,037 insured workers and their families, benefiting approximately 5.5 lakh beneficiaries across Bengaluru Rural, Chikkaballapur, Tumakuru, and Kolar districts, according to a release.
The Ballari facility, upon completion, will cater to the medical needs of around 64,000 workers and their families, benefiting over 2 lakh beneficiaries in the Ballari division, it said.
The ESIC Hospital at Doddaballapur in Bengaluru Rural is a 100-bedded multi-speciality secondary care facility built over 5 acres at Rs 101.14 crore.
It has 32 staff quarters and offers key services such as general medicine, surgery, obstetrics and gynaecology, paediatrics, orthopaedics, emergency care, and comprehensive diagnostic facilities, including radiology, laboratory, and blood bank.
The proposed ESIC Hospital at Ballari will be developed on 5.21 acres at an estimated cost of Rs 150 crore and will provide modern healthcare services to insured persons and their families under the ESI Scheme.
