Budget 2024 Live | Key Highlights of Interim Budget 2024 | Union Budget 2024-25 | RBI Grade B 2024

so hi everyone a very good afternoon to everybody welcome back once again to the channel so as you all know the interim budget for the year 20242 the financial year 25 is now out the government has released the interim budget for the upcoming Financial year and I'm here to discuss with you all the highlights of this interim budget right these highlights are from the speech of the Finance Minister nirmala Saar Rama right so first let me tell you that since it is an interim budget the government due to modal code of conduct cannot site the names of the schemes cannot specifically tell the tell the country that what all we are doing to that what all we are going to do because the interim budget is meant only till the period the new government is formed right Provisions so for the next two months that is April and May till the new government will be formed so from where those expenses will come so for that this budget is here but the government has given certain hits in which area what they are going to do in which area they are going to launch a new scheme what all committees will be formed the fiscal deficit targets etc etc so let's start with the the the highlights so first of all in our speech the Finance Minister told us about the achievements of the last 10 year and they have again coined a new term that is g they have called a new term that is Gan and they are calling that there are four casts in India and these four casts are Gan that is g yua anad and nari g means poor yua means youngsters and means farmers and nari means women right so the entire 10 years SAR that those 10 years were focused on the development of these four cast that is Gan talking about the GBS first talking about the poor people first so what government has what this government has done in the last 10 years so number one 25 CR people came out of multi-dimensional poverty right direct benefit transfers direct benefit transfers of worth 34 lakh crores direct benefit transfer of worth 34 lakh CR have been done and which has led to the savings which has led to the savings of 7.2 lakh CR of the government this is the saving of the government due to the direct benefit transfer one again uh yes all right so that was about direct benefit transfer the government has said that under PM Swan scheme the government has said that under PM Swan scheme 78 lakh Street vendors 78 lakh Street vendors have taken up the loans and I hope you all know that under PM Soni government provides loans to the street vendors for working capitals they have launched a new scheme for the welfare of pbgs particularly vulnerable tribal groups that is PM janman they have launched a new scheme for the welfare of Artisans that is vishwakarma PM vishwakarma scheme all of these schemes have been discussed already by me in my pib sessions right that was about garib now what about yua the second cast of India for youa the government has said that they have implemented new education policy 2020 which is right now transforming the education of the country the government is implementing PM schools PM schools under which the government is developing new high class uh Top Class schools and revamping the existing schools right under skill India Mission under skill India Mission the government has provided the data that 1.4 CR people 1.4 CR people have been skilled and 54 lakh people 54 lakh people have been upskilled and reskilled due to all because of all the missions under skill India Mission the government has said that they have formed seven new iits seven new I IMS right seven new I IMS the government has said that it has formed 16 new triple it the government has said that it has formed 15 new aims and at the same time the government has said that they have formed 319 new universities across the countries across the country all right so yeah and mudra loans mudra loans right the government has said that the government has provided enough loans to the youngsters for entrepreneurship opportunities 43 crores of mudra loans have been given have been sanctioned amounting to 22.5 lakh crores 22.5 lakh cores right this is the overview of the government what government has done in the last 10 years right one second yeah now let's talk about the anad that is the farmers the The Third cast of the country annadata the farmers there are various schemes which are being implemented by the government the government specifically quoted the PM kissan yoga under which 6,000 perom is given to the farmers and the government is saying that approximately 12 CR Farmers the exact number is 11.8 CR farmers are getting benefits from this the government has said that they have integrated 1,361 mundies 1,361 mundies to the electronic National agricultural market enam and it has led to the trading of three lakh cres it has led to the trading of three lakh k now coming to the fourth cast of the country and that is nari the women nari the women for women the government has said that 30 CR mudra loans 30 CR mudra loans have been sanctioned to women entrepreneurs for doing their own business in stem courses that is science technology engineering and Mathematics there are 43% enrollments out of all the enrollments 43% are women oneir reservation I hope you all know this oneir reservation has been provided to women in loksabha and all the State Legislative assemblies and 70% houses 70% houses have been named after a woman a single single woman or joint jointly under the PM AAS yoga under the PM AAS yoga right now coming to the next 5 years what government is going to do in the next 5 years let's talk about the upcoming 5 years so the the government will be realizing the potential to achieve all the aspirations of the Indian through the 3DS right the 3DS what are those 3DS these are demography of the country number one number two democracy of the Democracy in the nation number three diversity of the country so this 3DS will help India in achieving the goals of amital in making India a developed Nation by the year 2047 right yes one second yeah so what all government will be doing under the aspirational district program which is already being implemented for those uh districts which have the potential to develop but not much Focus was given on these District so under the aspirational district program the assistance will be provided to the states for effective implementation of the scheme right the government will focus on the development of East the government will focus on the development of the East right which is one of the major focus of this government right and they are calling East as India's driver of growth India's driver of growth such lines such sentences you guys can use in your descriptive answers right is a very huge announcement by the government under PM AAS yoga under PM AAS yoga PM AAS yena under the government specifically under PM aasa gramin right we all know that the target is to build 2.94 CR houses and we are about to achieve this Target and they have sanctioned two CR more housesan next under rooftop solarization scheme under rooftop solarization scheme which is also PM Sur yoga we have discussed it very recently in pib one CR houses one CR houses will be able to generate 300 units of electricity 300 units of electricity per month 300 of 300 units of electricity per month and it will led to Savings of 15K to 18K perom saving and under the scheme they will also be able to sell the Surplus amount of electricity okay then a new scheme for housing a new scheme for housing for middle class will be launched this is a very huge announcement so all those middle class people in the house get ready for the new scheme that will be launched for you for providing you the housing all right then for medical colleges for medical colleges the government has announced that new medical colleges will be new medical colleges will be established across the country and for that new medical colleges will be established and for that a committee will be formed a committee this guys is the overview of the budget and obviously at 6m I'll be coming or even before that prepare bu the government will launch the budget on it website after launching their budget on the website in an you know in an hour or two I'll be coming live with the detailed discussion so a new committee will be established for recommending how many new medical colleges is are required for the country yes very beautiful announcement a new vaccination for cervical cancer will be launched cervical cancer vaccination will be launched for the girls in the age group of 9 to 14 years who are more prone to the cervical cancers right for maternal for maternal and child care for maternal and child care what government has announced the government has announced that new schemes will be launched they can't tell the name they can't tell the name obviously because of the model code of conduct but they have given certain hints that where uh in in which area what they are going to do all right then yes under this only angan Services angan services and Mission portion 2.0 angan services and Mission portion 2.0 which is a holistic nutrition program of the government these two will be upgraded right these two will be upgraded a very major announcement in the area of Health sector that has been given by the government is the aayushman bhat yoga it will be extended to all the Asha workers it will be extended to all the workers all the angan workers all the angan workers and angan helpers this is a very major Announcement by the government all right then for dairy sector for dairy sector the government has announced the Finance Minister has announced that a new program a new program will be launched right a new program will be launched based on the success of currently implemented programs in this sector for the welfare of for the welfare of Da Farmers da Farmers welfare program launch for deep technology deep technology means Ai and ml because we are heading towards the age of artificial intelligence so the government has said the government has promised a new scheme in this area right now now coming to the infrastructure coming to the infrastructure infrastructure PM uh outlay here that has been increased by 11.11% and right now the outlay will be 11 lakh 11,11 crores right which will be 3.4% of the GDP all right in the railways in the railways under infrastructure segment three new Railway corridors will be established three new Railway corridors will be established three Railway corridors B number one energy mineral and cement number one Corridor is will be for energy mineral and cement number two the corridor number two will be for Port connectivity the coridor number two will be for Port connectivity the corridor number three will be for high traffic density for that a new corri will be established by the government all right and yes in the railways only 40,000 existing Bogies of Railways will be upgraded to vat standard V standard all right then coming to the green energy portion green Energy may what all government wants to do in the upcoming 5 years so green energy green Energy may there will be a viability Gap funding viability Gap funding for harnessing offshore wind energy potential offshore wind energy potential harness viability Gap funding will be provided right the the capacity of coal gasification the capacity of coal gasification and liquefaction the capacity of coal gasification and liquifaction will be increased to 100 metric tons 100 metric tons right and a new scheme for biom manufacturing will be launched every manufacturing will become you know will will be use will be using the natural substances that will be the idea of this particular scheme for blue economy let's talk about the blue economy now for for blue economy for Reviving for strengthening the blue economy the government will launched a new scheme for its restoration for restoration and adaptation of the blue economy a new scheme will be launched by the government all right government that we are undergoing a lot of bilateral bilateral investment treaties with the entire globe and we are promoting FDI that is first developed India right a new term has now been going FDI is now first developed India for States I hope you all know that a 50-year interest free loan a 50e interest free loan scheme for Capital development is going on by the government of India and this will be continued with the outlay of around 1 lakh crores right there is a confusion either it is 1 lakh CR or 75,000 CR right so this will be clarified once they release the official budget yes for population growth for controlling population growth a new committee will be established and these are hints that the government will definitely going to include uh to implement one uh you know fiscal deficit Targets this is very important fiscal deficit targets for Financial year 2425 it is 5.1% and the government is stuck to the earlier decided targets till 2025 26 that we will be achieving a fiscal deficit of 4.5% by the Year by the financial year 2026 now talking about the taxes taxes so the government cannot announce any uh you know change in the tax lab due to the convention there are no changes in the in either the direct tax lab indirect tax lab import Duty K may be change right no changes at all however the tax benefits to the startups the tax benefits which are being given to the startups has extended by one year till 31st March 2025 in the earlier in the last year's budget they announced that the taxation benefits will end on 31st March 2024 the benefits have been given one year extension now they said that the taxpayer services will be improved taxpayer Services what are these taxpayer Services filing return uh filing the refund right yes improve and last in the taxation area that they have announced that they will be withdrawal that there will be withdrawal of outstanding there will be withdrawal of outstanding Direct Tax demands and this will be up to rupes 25,000 till Financial year those are nor US Financial 20199 direct tax demand then that will be withdrawn and up to 10,000 up to 10,000 from Financial year 20101 to financial year 2014 15 right and this move will benefit 1 CR taxpayers all right that's all that's all about this year's interim budget and I hope all the provisions are clear now at 6 p.m. today in the evening I'll be coming up with the detail discussion on this interim budget this was all the Highlight these were all the highlights of this year's budget obviously they can't announce the name of the scheme but they have given enough hints that in which areas they are going to launch new schemes new initiatives and in which areas they are going to do what okay I hope you guys have enjoyed this session the small short increas session if yes hit that like button and do subscribe to the channel goodbye take care and God bless

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Length: 21min 1sec (1261 seconds)

Published: Thu Feb 01 2024