Budget 2024: Key Highlights

Infrastructure Development and Digital Transformation

The Union Budget for 2024-25 places significant emphasis on the development of all forms of infrastructure, including physical, digital, and social infrastructure. Digital Public Infrastructure (DPI) will be promoted to enhance digital connectivity and access to government services.

Formalisation and Financial Inclusion

The budget aims to promote formalisation and financial inclusion by encouraging entrepreneurship and providing financial assistance to small businesses. Initiatives to enhance credit availability and reduce transaction costs for businesses are expected to be announced.

Capital Expenditure Outlay

The Capital Expenditure Outlay for FY 2024-25 has been increased by 111% to Rs 40,000. This substantial investment in infrastructure is expected to boost economic growth and create employment opportunities.

Railway Modernisation

The budget allocates significant funding for the modernisation of railways. 4000 normal rail bogies will be converted to high-speed bogies to enhance safety and efficiency.

Budget Highlights and News Updates

Follow our live coverage for the latest updates on the Union Budget 2024. We will provide highlights, summary, and insights on budget allocation, tax reforms, and economic measures announced by Finance Minister Nirmala Sitharaman.