Key Points of the Budget 2024: On July 23, Finance Minister Nirmala Sitharaman presented the Union Budget 2024–25 to the legislature. The budget was centred on funding the agriculture industry, launching employment-related programs, announcing financial support announcements for the MSME sector, investing in infrastructure, and projecting a 4.9% fiscal deficit with a pledge to cut it to 4.5%.
The government changed the capital gains taxes for the fiscal year and reduced customs duties concurrently. Under the new tax policy, the “taxation budget” is a revision to tax slabs. Follow our Budget 2024 key Highlights live blog for the most recent information. Explore our live coverage of the Income Tax Slab, Impact on Share Market, Budget Key Highlights, and Corporate Reactions to stay current on the latest developments on Budget 2024.
Angel One’s Rajesh Bhosale, an equity technical analyst, stated: “The Benchmark Index started the important Budget day on a positive note. However, as the day went on, the Budget announcement impacted prices, which cautiously moved within a range. Volatility increased in the second half, which led to a steep decline in prices below 24100. Despite this, prices recovered quickly, gaining ground and closing at a marginal loss of 0.14%, slightly below 24500.
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