Budget 2024 | Finance Minister: We are working towards making India a ‘Viksit Bharat’ by 2047 | Brass Nails

Budget 2024 | Finance Minister: We are working towards making India a ‘Viksit Bharat’ by 2047 | Brass Tacks Finance Minister Nirmala Sitharaman on Thursday presented the interim Union Budget 2024-25 in the Parliament. As a vote-on-account Budget, the Budget is an unsurprising one. Direct and indirect tax rates remain unchanged. Here are the key points from the budget: Capital expenditure next year will increase by 11.1% to Rs 11,111.11 billion, accounting for 3.4% of GDP. The 50-year interest-free scheme will continue to provide capital expenditure loans to states this year with a total disbursement of Rs 130 crore. A 50-year interest-free loan of Rs 75,000 crore has been proposed this year to support the landmark reforms of Viksit Bharat implemented by the state government.