Interim Union Budget 2024-25: Key Takeaways

28Aug,2023

Nirmala Sitharam stuck to fiscal prudence with an estimated 5.1 per cent fiscal deficit next year

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Fiscal Prudence

The government plans to build 2 crore houses for rural poor under PM Awas Yojana (Grameen)

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2 crore houses for rural poor

The country's capital spending for 2024-25 has been raised 11 per cent to Rs 11.11 lakh crore

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Capital spending raised 

No changes to direct or indirect tax rates

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No change in tax structure

The government will set up Rs 1 lakh crore corpus with 50 50-year interest-free loan - long-term financing or refinance with long tenor and low or nil interest rates

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To set up Rs 1 lakh crore corpus

Average real income of people increased by 50 per cent

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Average real income 

40,000 rail bogeys to be converted to Vande Bharat standards

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Rail bogeys to be revamped

Rooftop solar project to give 1 crore households 300 units of free electricity per month

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300 units of free electricity

New scheme of bio manufacturing, biofoundry to be launched. Blending of CNG and biogas will be mandated

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Bio manufacturing