Income Tax Budget 2024 LIVE Updates: Finance Minister Nirmala Sitharaman presented Budget 2024 on July 23. The FM announced a marginal income tax relief for the middle class. She raised the standard deduction -- a flat deduction from the total salary earned by an employee in a year before calculating the applicable income tax rate -- by 50 per cent to ₹75,000 and tweaked tax slabs for taxpayers opting for the new income tax regime. Commenting on the budget, Prime Minister Narendra Modi said it "will act as a catalyst in making India the third-largest economy in the world (from fifth largest today) and will lay a solid foundation for a developed India".
How to access Budget 2024 documents:
You can view the Budget 2024 through the Union Budget Mobile App, available on Android and iOS platforms. The Budget speech documents is accessible on the web portal at 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, and Corporate Reactions.
24 Jul 2024, 05:35:56 PM IST
Income Tax Budget 2024 LIVE: New tax proposal without indexation for real estate is beneficial in most cases, says the IT Department
24 Jul 2024, 04:47:45 PM IST
Income Tax Budget 2024 LIVE:
Commenting on the budget, Prime Minister Narendra Modi said it "will act as a catalyst in making India the third-largest economy in the world (from fifth largest today) and will lay a solid foundation for a developed India".
24 Jul 2024, 03:34:05 PM IST
Income Tax Budget 2024 LIVE: Budget 2024 makes provisions for middle-class to fulfil home ownership dreams, says Ashwini Vaishnaw
24 Jul 2024, 01:47:27 PM IST
Income Tax Budget 2024 LIVE: New tax proposal without indexation for real estate is beneficial in most cases, says the IT Department
The Income Tax Department has denied reports that people will have to pay higher taxes on profits made on selling a house or land under the budget proposal of a flat 12.5 percent tax without indexation.
In a social media post on "X," the income tax department says thatthe proposed new tax rate without indexation is beneficial in most cases.
24 Jul 2024, 11:27:27 AM IST
Income Tax Budget 2024 LIVE: Budget simplified through memes
The meme series breaks down complex budget details in a fun, relatable way.
24 Jul 2024, 10:57:49 AM IST
income Tax Budget 2024 LIVE: Indexation benefit on properties purchased before 2001 will stay
The government has confirmed that indexation benefits will remain applicable to properties purchased before 2001. According to Revenue Secretary Sanjay Malhotra, this entails taxing such properties based on their 2001 valuation adjusted for indexation, or their purchase price plus indexation up to 2001, whichever is lower.
Properties acquired after 2001 will be subject to a flat tax rate of 12.5 percent without indexation.
24 Jul 2024, 10:44:59 AM IST
Income Tax Budget 2024 LIVE: Indexation benefit on properties purchased before 2001 will stay
The government has confirmed that indexation benefits will remain applicable to properties purchased before 2001. Revenue Secretary Sanjay Malhotra states that this entails taxing such properties based on their 2001 valuation adjusted for indexation, or their purchase price plus indexation up to 2001, whichever is lower.
Properties acquired after 2001 will be subject to a flat tax rate of 12.5 per cent without indexation.
24 Jul 2024, 10:07:45 AM IST
Income Tax Budget 2024 LIVE: Budget 2024 makes provisions for middle-class to fulfil home ownership dreams, says Ashwini Vaishnaw
Union Minister Ashwini Vaishnaw on Tuesday said that the 2024-25 budget includes provisions to simplify tax rates, reduce taxes, and help middle-class families fulfil their dream of owning a home.
"(Provision is made in this budget) for simplifying tax rate, working on reducing the tax rate, and fulfilling the biggest dream of middle-class families to build their own house," he told ANI.
24 Jul 2024, 09:36:02 AM IST
Income Tax Budget 2024 LIVE: Expert take on budget
“A big relief on reassessment and reopening of returns filed for earlier years, which has been reduced to 6 years as opposed to 10 years earlier, including in search cases. LTCG on shares has been increased from 10% to 12.5%. The period for non-financial assets to qualify as LTCG is brought down to 2 years. Lowering of LTCG rate on sale of land/gold/unlisted shares to 12.5% in place of 20% is beneficial even though indexation is removed - overall will benefit most taxpayers," said Sweta Kochar, Founder & Partner, PKC Management Consulting around the Budget reactions pertaining to personal tax
24 Jul 2024, 09:13:44 AM IST
Income Tax Budget 2024 LIVE: ‘Old tax regime is beneficial’
“However, looking at the benefits and deductions which a salaried person has to forgo for opting in New Tax Regime like House Rent Allowance, Leave Travel Concession, deduction under Section 80C and 80D and tax benefits in respect of home loan , in most of the cases, the old tax regime is beneficial specially for the younger people who are either staying in rented premises or are servicing a home loan," says Mumbai-based investment and tax expert Balwant Jain
24 Jul 2024, 09:12:39 AM IST
Income Tax Budget 2024 LIVE: SBI Chairman Dinesh Khara on budget
“The Union Budget 2024-25 while pursuing fiscal consolidation is largely focused on private demand revival with a slew of fiscal measure targeting the middle class, MSMEs and employment generation. The thrust to agriculture productivity, infrastructure, climate transition and rationalization of capital gains taxation regime are the deeper facets of the transformation that Budget seeks to achieve. From banking perspective budget is pro-growth and offers scope for balance sheet expansion. In all, Budget remains well grounded in domestic and international realties and has chalked the best strategy for future."
24 Jul 2024, 07:19:52 AM IST
Income Tax Budget 2024 LIVE: Expert take budget
Manikandan. S, Tax Expert, ClearTax
The budget has focused well on key areas for India’s development viz, infrastructure, housing, manufacturing, job creation, skill development, and employment. The initiative to reimburse employers towards EPFO contributions for additional employees will boost job creation. The initiative to provide internship support to focus on employment and skill development is a boost for the youth. This will help to bridge the skill gap and give the students first-hand practical exposure thereby increasing their preparedness to join the workforce. Overall, the Budget has ticked all the green boxes to align with the vision of Viksit Bharat.
On the taxes front, abolishing angel tax is a very bold move and will prove to be a game-changer for start-ups giving more liquidity in their hands; this step will also contribute in reducing litigation and tax uncertainty. This move will make the start-up space more appealing and encourage investors to fearlessly invest in start-ups.
On the personal taxes front, the biggest respite has come in the form of rationalisation of re-assessment of reassessment procedures. After a considerable back and forth, the time limit reassessment has been reduced from current 10 years to 6 years. Along with this, extending the scope of certificate for nil/ lower certificate is a welcome move removing the additional compliance burden and facilitate the ease of doing business.
Increasing standard deduction under the new regime will provide relief to the tax-payers and boost adoption of the new tax regime. This is also in-line with the government’s aim of a simplified tax regime. Lastly, the rationalisation of capital gains taxation with respect to both holding period and rates is welcome although the cut-off date for implementation may be a cause for confusion to several tax payers.
Lastly, the Vivaad se Vishwaas scheme will bring much needed respite to resolve pending litigation at various levels and help in quicker disposal of long pending litigation.
24 Jul 2024, 06:31:41 AM IST
Income Tax Budget 2024 LIVE: Expert take on FM announcements on taxation
Atul Puri, Managing Partner and Co-Founder at SW India
In order to rationalize and simplify the taxation of capital gains & provide benefit to the middle and lower-income classes of people, following changes / amendments were made:
• The Government of India has increased the short-term capital gains tax under provisions of section 111A of the Act on STT paid equity shares, units of equity oriented mutual fund and unit of a business trust to 20% from the present rate of 15% as the benefit from such low rate is flowing largely to high-net-worth individuals.
Other short-term capital gains (on all other financial assets and non-financial assets) shall continue to be taxed at applicable rate.
• The long-term gains tax on all financial and non-financial assets will be taxed at 12.5 per cent for the financial year 2024-25. This rate earlier was 10% for STT paid listed equity shares, units of equity-oriented fund and business trust under section 112A and for other assets it was 20%.
• Further, the government aims to provide benefit to the middle and lower-income classes of people through its proposal of increasing the limit of exemption of capital gains u/s 112A to ₹1.25 lakh per year, from the previous value of ₹1 lakh per year.
• For sake of simplification, the holding period for all listed securities is proposed to be 12 months and for all other assets, it shall be 24 months.
23 Jul 2024, 09:17:57 PM IST
Income Tax Budget 2024 LIVE Update: FM Sithraman on TDS, TCS
Income Tax Budget 2024 LIVE:
2% TDS is being withdrawn on Mutual funds
Credit of TCS is proposed to be given in salary
Standard operating procedure of TDS procedure
23 Jul 2024, 08:51:32 PM IST
Income Tax Budget 2024 LIVE Update: New income tax regime vs old tax regime
Income Tax Budget 2024 LIVE Update: FM Sitharaman hiked the standard deduction by 50% to ₹75,000 and tweaked tax slabs under the new income tax regime to provide more money for the salaried class. However, no changes were announced for the old income tax regime. Read More
23 Jul 2024, 08:45:40 PM IST
Income Tax Budget 2024 LIVE Update: Changes in capital gains tax
Income Tax Budget 2024 LIVE:
Changes in capital gains tax
STCG raised to 20%
LTCG raised to 12.5% from 10%
23 Jul 2024, 08:32:46 PM IST
Income Tax Budget 2024 LIVE Update: New tax rate on short-term gains from certain financial assets
Income Tax Budget 2024 LIVE: Short-term gains on certain financial assets will be taxed at 20%, while the rest will be subjected to the applicable tax rate.
23 Jul 2024, 08:29:17 PM IST
Income Tax Budget 2024 LIVE Update: CA Pitam Goel, Co Founder - Tattvam Group on changes in STT and long-term tax rates
Income Tax Budget 2024 LIVE: 'Increase in STT rates for Derivatives to 0.1% and futures to 0.02% may not go well with investors. Further, an increase in capital gains for listed equity instruments to 12.5% will leave investors dejected. Proposing to tax buy-back proceeds as dividends may also pose challenges as buy-back route is opted not only for profit distribution but also for internal re-structuring" CA Pitam Goel, Co Founder - Tattvam Group said
23 Jul 2024, 08:06:31 PM IST
Income Tax Budget 2024 LIVE Updates: The new tax regime stands to save up to ₹17,500 in income tax, says Revenue Secretary
Income Tax Budget 2024 LIVE : "There have been changes in the tax slab...This year, three main changes have been made to the personal income tax slab...As a result of these changes, a salaried employee in the new tax regime stands to save up to ₹17,500 in income tax...," said Revenue Secretary Sanjay Malhotra
23 Jul 2024, 07:56:36 PM IST
Income Tax Budget 2024 LIVE Updates: FM Sitharaman proposed a comprehensive review of the Income-tax Act 1961
Income Tax Budget 2024 LIVE: FM Sitharaman announced a comprehensive review of the Income-tax Act 1961. The move aims to make the Act concise, lucid, and easy to read and understand. This will reduce disputes and litigation, thereby providing tax certainty to the taxpayers.
23 Jul 2024, 07:52:09 PM IST
Income Tax Budget 2024 LIVE Updates: What is the new standard deduction for salaried employees?
Income Tax Budget 2024 LIVE: Budget 2024 has increased the standard deduction for salaried employees to 75,000 rupees from 50,000 rupees earlier
23 Jul 2024, 07:33:23 PM IST
Income Tax Budget 2024 LIVE Updates: NPS tax savings
Income Tax Budget 2024 LIVE Updates: The budget proposes to raise the contribution limit for employers in the private sector from 10% to 14% of the employee's basic salary. This new limit applies to both private and public sector employees, exclusively under the new tax regime.
23 Jul 2024, 06:31:07 PM IST
Income Tax Budget 2024 LIVE Updates: A recap of Income Tax slabs
Income Tax Budget 2024 LIVE:
Nil for income between ₹0 and 3 lakh
5% for income between ₹3 and 7 lakh
10% for income between ₹7 and 10 lakh
15% for income between ₹10 and 12 lakh
20% for income between ₹12 and 15 lakh
30% for income above ₹15 lakh
23 Jul 2024, 05:52:15 PM IST
Income Tax Budget 2024 LIVE Updates: Are you earning up to ₹10 lakh? How much income tax you will pay?
Income Tax Budget 2024 LIVE Updates: For an individual earning an income of ₹10 lakh, one will have to pay as little as ₹45,000 in taxes, and here, one will keep around ₹9,55,000 according to Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited. Read More
23 Jul 2024, 05:33:11 PM IST
Income Tax Budget 2024 LIVE Updates: Key income tax changes
Income Tax Budget 2024 LIVE: Key income tax changes
- Standard deduction for salaried employees increased from ₹50,000 to ₹75,000.
- Deduction on family pension for pensioners enhanced from ₹15,000/- to ₹25,000/-
- The 5% tax rate slab was changed from ₹5 lakh to ₹7 lakh.
- NPS - The benefit for social securities of salaried people can accrue as deduction of expenditure by employers towards NPS (new pension scheme is proposed to be increased from 10 to 14 per cent of the employee’s salaried.
23 Jul 2024, 04:48:45 PM IST
Income Tax Budget 2024 LIVE Updates: Top 500 companies to create 1 crore internship opportunities for youth in next 5 years, says, Puneet Gupta, Tax Partner, EY India
The budget announcements to give a huge push for skill development. Top 500 companies to create 1 crore internship opportunities for youth in next 5 years. Will create employable youth with skills for future. Conflict with requirements under the Apprentices Act to be resolved," said, Puneet Gupta, Tax Partner, EY India
23 Jul 2024, 04:04:39 PM IST
Income Tax Budget 2024 LIVE Updates: Huge push to consumption through increased focus, says EY
Huge push to consumption through increased focus and outlay for agriculture reforms, employment generation, urban housing, etc is a big positive for the consumer sector, said, Paresh Parekh, Tax Leader - Consumer Products and Retail Sector, EY India
23 Jul 2024, 03:23:31 PM IST
Income Tax Budget 2024 LIVE Updates: Hike in securities transaction tax (STT) on F&O from 0.01% to 0.02% and long-term capital gains tax (LTCG) from 10% to 12.5% is a negative for investors, says expert
Arpit Jain, Joint MD, Arihant Capital Markets, said, “The hike in securities transaction tax (STT) on F&O from 0.01% to 0.02% and long-term capital gains tax (LTCG) from 10% to 12.5% is a negative for investors. The street expected a level playing field for domestic and foreign investors by taxing gains from equities for foreign institutions. Instead, LTCG was hiked, which disappointed market players."
“However, the reduction in fiscal deficit is estimated to be 4.9% from 5.1%, and the target of 4.5% for next year is very good for the Indian economy in the long run. The 4.9% fiscal deficit translates to the borrowing target coming down to ₹1.4 lakh crore compared to the estimated ₹15.43 lakh crore for FY24."
23 Jul 2024, 03:10:38 PM IST
Income Tax Budget 2024 LIVE Updates: Union Budget of 2024 addresses key concerns evident in this year's general elections, says expert
Alekh Yadav, Head of Investment Products, Sanctum Wealth, said, “Union Budget of 2024 addresses key concerns evident in this year's general elections. It focuses on employment, skilling, MSMEs, and the middle class. The government introduces measures to incentivize job creation and enhance skilling programs. Additionally, it implements incremental personal income tax rationalization and urban development initiatives aimed at benefiting the middle class."
Fiscal prudence is maintained with lower fiscal deficit and gross borrowing compared to the interim budget, which is viewed positively in fixed income markets. Capital expenditure (capex) remains unchanged from the interim budget. As anticipated, the budget includes incentives for coalition partners, with specific measures for Bihar and Andhra Pradesh.
23 Jul 2024, 03:04:21 PM IST
Income Tax Budget 2024 LIVE Updates: Manoj Purohit, Partner & Leader, financial services tax, tax & regulatory services, BDO India on capital gains tax rejig and market implications of Budget 2024
“With the aim of rationalising the capital gains tax regime, the period of holding and tax rates have been adjusted in the Budget proposals. Firstly, the current long-term capital gains tax exemption of INR 1 lakh is increased to INR 1.25 lakh," Manoj Purohit, Partner & Leader, financial services tax, tax & regulatory services, BDO India.
The period of holding for listed financial assets is proposed to be fixed at one year, and for other assets (unlisted financial assets and all non-financial assets), it is set at two years to qualify as 'long-term capital assets.' Long-term capital gains across listed and unlisted assets are proposed to be taxed at a uniform rate of 12.5%, bringing uniformity to the current tax rates of 10% and 20%. However, the indexation benefit for long-term capital assets is proposed to be removed.
23 Jul 2024, 02:47:53 PM IST
Income Tax Budget 2024 LIVE: Higher transaction costs could lead to less efficient markets due to the increased cost of arbitrage, warns expert
Sagar Sinha, Corporate Trainer, and Business Coach pointed out the increase in the security transaction tax on futures and options as a significant move with multi-dimensional impacts on the market. He cautioned that higher transaction costs could lead to less efficient markets due to the increased cost of arbitrage, potentially diminishing the effectiveness of price discovery in futures and options markets. As a result, institutional investors might extend their hedging and trading activities to other markets or instruments to avoid the higher STT in the domestic market.
23 Jul 2024, 02:33:59 PM IST
Income Tax Budget 2024 LIVE: How taxpayers can save up to ₹17,500 a year in income tax:
Finance Minister Nirmala Sitharaman has announced an increase in the standard deduction from ₹50,000 to ₹75,000, alongside adjustments to the tax slabs under the New Tax Regime (NTR). These changes are set to provide individual taxpayers with an annual tax saving of up to ₹17,500 under the NTR.
The Old Tax Regime remains unchanged in the Union Budget 2024-25. The enhancements in the NTR are part of the government's ongoing effort to make this simplified, exemption-free regime more attractive to salaried taxpayers. The aim is to encourage more taxpayers to switch to the NTR, which has been positioned as a straightforward alternative to the traditional tax system.
23 Jul 2024, 02:10:17 PM IST
Income Tax Budget 2024 LIVE: On changes in STT and long-term tax rates,
Income Tax Budget 2024 LIVE: On changes in STT and long term tax rate, CA Pitam Goel, Co Founder - Tattvam Group says that Increase in STT rates for Derivatives to 0.1% and futures to 0.02% may not go well with investors. Further, anincrease in capital gains for listed equity instruments to 12.5% will leave investors dejected. Proposing to tax buy-back proceeds as dividends may also pose challenges as buy-back route is opted not only for profit distribution but also for internal re-structuring.
23 Jul 2024, 01:10:57 PM IST
Income Tax Budget LIVE: Expert take on FM Sitharaman's budget
Income Tax Budget LIVE
Santosh Meena, Head of Research, Swastika Investmart Ltd.
The 2024 budget presents a mix of expected and surprising measures. While capital expenditure and the fiscal deficit target remain steady, significant changes to tax policies, particularly the increases in LTCG, STCG, and STT, are likely to impact market sentiment. Introducing new income tax benefits under the new tax regime provides some relief to taxpayers, potentially saving up to ₹17,500.
23 Jul 2024, 01:04:39 PM IST
Income Tax Budget LIVE: FM Sitharaman revises tax structure under new regime
Income Tax Budget LIVE:
₹0- ₹3 lakh - Nil;
₹3-7 lakh - 5% ;
₹7-10 lakh - 10% ;
₹10-12 lakh - 15%;
12-15 lakh - 20%; and
Above ₹15 lakh - 30%
Sitharaman said that the taxpayers would save up to ₹17,500 in tax with the revised structure.
23 Jul 2024, 12:37:04 PM IST
Income Tax Budget 2024 LIVE Updates: FM proposes new income tax slabs
FM proposes new income tax slabs - up to ₹3 lakh nil, ₹3-7L 5%, ₹7-10L 10%, ₹10-12L 15%, ₹12-15L 20%, above ₹15L 30%.
23 Jul 2024, 12:27:39 PM IST
Income Tax Budget 2024 LIVE Updates: Standard deduction to increase
New tax regime, standard deduction to increase form 50 to 75,00
23 Jul 2024, 12:19:24 PM IST
Income Tax Budget 2024 LIVE Updates: Simplication of capital gains tax
STCG raised to 20%
LTCG raised to 12.5% from 10%
23 Jul 2024, 12:16:59 PM IST
Income Tax Budget 2024 LIVE: FM Sithraman on TDS, TCS
Income Tax Budget 2024 LIVE: 2% TDS is being withdrawn on Mutual funds
Credit of TCS is proposed to be given in salary
Standard operating procedure of TDS procedure
23 Jul 2024, 12:15:21 PM IST
Income Tax Budget 2024 LIVE: FM Sitharaman on income tax laws
Income Tax Budget 2024 LIVE: FM Sitharaman on income tax laws, says we are simplifying the regime for charity and taxation
23 Jul 2024, 12:14:21 PM IST
Income Tax Budget 2024 LIVE: FM Sitharaman on taxation
Income Tax Budget 2024 LIVE: It has been our endeavour to simplify taxation, says FM Sitharaman
23 Jul 2024, 12:10:53 PM IST
Income Tax Budget 2024 LIVE: FM Sitharaman on mobile phone industry,
Income Tax Budget 2024 LIVE: "I propose to reduce the BCD on mobile phones and mobile PCBS and mobile chargers to 15%," said Finance Minister Nirmala Sitharaman.
23 Jul 2024, 12:09:22 PM IST
Income Tax Budget 2024 LIVE: Fiscal deficit is estimated at 4.9 per cent of GDP
Income Tax Budget 2024 LIVE: Fiscal deficit is estimated at 4.9 per cent of GDP: FM announces in Budget for 2024-25.
23 Jul 2024, 12:07:59 PM IST
Income Tax Budget 2024 LIVE: Incentives to employee and employer with respect to the EPFO contribution
Income Tax Budget 2024 LIVE: EPFO finds a place in the 2024-25 budget, and its function is probably also linked to education and employment. Therefore, this ₹1.48 lakh crore, along with the ₹3,000 monthly reimbursem*nt scheme, becomes a massive public investment in human resources.
Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited
This approach finds a comfortable place in the globally practiced integration of social security with skill development. Coupling the EPFO contribution to new employment, the Government would be using Social Security measures as a lever for job creation. Result-oriented continuation of Schemes of Interim Budget will hint that perennial vision exists towards Workforce Development, which must in principle proceed to address fundamental challenges like Youth Unemployment and Underemployment. This policy therefore creates a win-win situation for both employers and employees, possibly leading to accelerated economic growth and improvement in the overall quality of employment in India through increased participation in the formal sector.
23 Jul 2024, 12:04:27 PM IST
Income Tax Budget 2024 Live: Crisil views
Rural demand for two-wheelers and tractors should get a leg-up from the allocation of ₹1.52 lakh crore for agriculture and allied activities. Additionally, demand for tippers and construction equipment will be spurred because of infrastructure development projects in Bihar and Andhra Pradesh.
Capex in the first two months of this fiscal was down 14.4% on-year. So, the government’s budgeted target of ₹11.1 lakh crore means capex will have to grow at a 23.9% clip for the rest of this fiscal.
The increased capex assistance of ₹1.5 lakh crore to states this fiscal – up from 1.3 lakh crore announced during interim budget – will be salutary
23 Jul 2024, 12:01:38 PM IST
Income Tax Budget 2024 Live: FM Sitharaman on PM Awas Yojana Urban 2.0
Income Tax Budget 2024 Live: Union Budget 2024-25 proposes
14 large cities with a population above 30 lakh will have Transit Oriented Development plans
1 crore urban poor and middle-class families to be covered under #PMAwasYojana Urban 2.0
100 weekly ‘haats’ or street food hubs in select cities
23 Jul 2024, 11:58:55 AM IST
Income Tax Budget 2024 Live: Moin Ladha view
Moin Ladha, Partner at Khaitan & Co -
"The government has announced schemes to provide (i) education loans of up to INR 10 lakhs for students studying in domestic institution with an interest rate of 3%, and (ii) loans of up to INR 7.5 Lakhs for individuals backed by guarantee from a government fund for promoting business skill development. The schemes are in line with government’s other schemes to make India ‘aatmanirbhar’ such as Make in Bharat and establishment of GIFT City to encourage investments in India. This will not only reduce foreign exchange spending but will also provide relevant opportunity to students for growth /employment and evaluations entrepreneurial opportunities."
23 Jul 2024, 11:57:12 AM IST
Income Tax Budget 2024 Live: ₹1.5 lakh cr long-term interest-free loans
Income Tax Budget 2024 Live: The finance minister proposes ₹1.5 lakh cr long-term interest-free loans to support states in developing infra.
23 Jul 2024, 11:54:36 AM IST
Income Tax Budget 2024 Live: FM Sitharaman on private sector investment in infrastructure
Income Tax Budget 2024 Live: Private sector investment in infrastructure to be facilitated via Viability Gap Funding, says FM Nirmala Sitharaman while presenting her seventh budget.
23 Jul 2024, 11:49:45 AM IST
Income Tax Budget 2024 Live: Big bonanza for Bihar, Andhra Pradesh in Modi 3.0 govt budget
Income Tax Budget 2024 Live: The Union government has proposed ₹26,000 crore for various road projects in Bihar, Sitharaman said in Lok Sabha.
"On the Amritsar-Kolkata industrial corridor, we will support the development of an industrial node at Gaya in Bihar. We will also support the development of road connectivity projects- Patna -Purnea expressway, Buxar- Bhagalpur highway, Bodhgaya- Rajgir-Vaishali- Darbhanga and an additional two-lane bridge over river Ganga in Buxar for ₹26,000 crore."
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