Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25 today at 11 am in Parliament, following the tabling of the Economic Survey.
This marks the first budget of Prime Minister Narendra Modi’s third term. Sitharaman, presenting her seventh consecutive budget, surpasses the record set by former Prime Minister Morarji Desai, who presented five annual budgets and one interim budget.
In the budget 2024, prices of gold, silver, platinum have to go cheap. Here’s the full list of items that got cheaper
. Three Cancer medicines exempted from customs
. Mobile phones and chargers
. full exemption on 25 critical minerals
. custom duty on fish stocks and shrimp
. custom duties reduced to 6% on gold
. custom duties reduced to 6% on silver
. custom duties reduced to 6.5% on platinum
. TDS on e-commerce operators to be reduced
Meanwhile, FM Sitharaman announced nine priorities in the Union Budget 2024-25 for generating opportunities in the economy.
The nine priorities include productivity, jobs, social justice, urban development, energy security, infrastructure, innovation and reforms.
Sitharaman said the government undertakes comprehensive review of research to develop climate-resilient seeds.
In the next two years, one crore farmers will be initiated in natural farming, she said.
Large scale vegetable production clusters would be promoted to increase output, she said.
Large scale vegetable production clusters would be promoted to increase output, she said. The government will release new high-yielding, climate-resilient seeds for 32 field and horticulture crops.
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