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Union Budget 2024 presented by Nirmala Sitharaman – LIVE
Union Budget 2024 presented by
Nirmala Sitharaman – LIVE
Introduction
The Union Budget is one of the most anticipated events in India's economic calendar. It sets the
tone for the country's economic policies and priorities for the year ahead. On February 1, 2024,
Finance Minister Nirmala Sitharaman presented the Union Budget 2024, outlining the
government's plans to boost economic growth, enhance social welfare, and ensure sustainable
development.
H1: Key Highlights of the Union Budget 2024
The Union Budget 2024 is packed with significant announcements aimed at fostering economic
stability and growth. From tax reforms to infrastructure development, here are some of the major
highlights:
H2: Fiscal Policies and Economic Growth
The budget focuses on robust fiscal policies designed to stimulate economic growth. Several
key initiatives have been introduced to ensure a balanced approach to fiscal management.
H3: Tax Reforms
One of the most talked-about aspects of the budget is the introduction of new tax reforms.
These include changes in income tax slabs to provide relief to taxpayers and adjustments in
corporate taxes to encourage business investments.
H3: Boosting Economic Growth
To bolster economic growth, the government has announced substantial investments in
infrastructure projects. This includes the development of roads, railways, and ports, aimed at
improving connectivity and boosting trade.
H2: Social Welfare and Development
The Union Budget 2024 places a strong emphasis on social welfare, with significant allocations
for the health and education sectors, as well as measures to enhance social security.
H3: Health Sector Initiatives
Recognizing the importance of healthcare, the budget allocates substantial funds for improving
healthcare infrastructure. This includes the establishment of new hospitals, modernization of
existing facilities, and implementation of public health programs.
H3: Education Sector Focus
Education is another key focus area, with increased funding for educational institutions and the
introduction of scholarships and skill development programs. These initiatives aim to equip the
youth with the skills needed for the modern workforce.
H2: Agricultural and Rural Development
Supporting the agricultural sector and rural development is crucial for the overall economic
growth of the country. The budget introduces various schemes to support farmers and enhance
rural infrastructure.
H3: Support for Farmers
The government has announced policies to ensure a fair minimum support price (MSP) for
crops, along with subsidies and loan waivers to ease the financial burden on farmers.
H3: Rural Infrastructure Projects
To improve the quality of life in rural areas, the budget includes projects for developing rural
roads, enhancing connectivity, and providing clean water and electricity.
H2: Technological Advancements and Digital India
Investments in technology and digital infrastructure are vital for driving innovation and economic
growth. The Union Budget 2024 outlines several measures to support technological
advancements.
H3: Promoting Innovation
The budget allocates funds for startups and provides grants for research and development.
These initiatives are aimed at fostering a culture of innovation and entrepreneurship.
H3: Digital Infrastructure
To further the Digital India initiative, the budget focuses on expanding broadband services
across the country and enhancing cybersecurity measures to protect against digital threats.
H2: Environmental and Sustainability Measures
The budget emphasizes the need for sustainable development and introduces various policies
to promote environmental conservation and green energy projects.
H3: Green Energy Initiatives
Significant investments are planned for solar and wind energy projects, along with incentives for
the adoption of renewable energy sources.
H3: Environmental Conservation
The budget also includes programs for forest and wildlife protection, as well as initiatives for
waste management and recycling to reduce environmental impact.
Conclusion
The Union Budget 2024, presented by Nirmala Sitharaman, is a comprehensive roadmap for
India's economic and social development. By focusing on fiscal policies, social welfare,
technological advancements, and environmental sustainability, the budget aims to create a
balanced and progressive future for the country.
FAQs
1. What are the major highlights of the Union Budget 2024? The major highlights
include new tax reforms, significant investments in infrastructure, enhanced allocations
for health and education, and initiatives for environmental sustainability.
2. How will the new tax reforms affect individuals? The new tax reforms introduce
changes in income tax slabs, providing relief to taxpayers and encouraging higher
disposable incomes.

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Union Budget 2024 presented by Nirmala Sitharaman – LIVE.pdf