Union financial union budget analysis competition.pptx

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1. Union financial union budget analysis competition (participants name)

2. Overview of the union budget Budget 2024 Key Highlights LIVE Updates: Union Finance Minister Nirmala Sitharaman presented her sixth Budget on February 1. This was an interim budget ahead of the general elections later this year. The Interim Budget 2024 was focused on youth and women empowerment, while maintaining fiscal consolidation and continuing capex. FM Sitharaman lowered down FY25 fiscal deficit target to 5.1% of the GDP. There were no changes made to the direct tax and indirect tax rates. Read the latest news on Budget 2024 with our live coverage on the Income Tax Slab, Impact on Share Market, Budget Key Highlights, Corporate Reactions, and Funny Memes.

3. Impact on industries and sectors For ensuring faster growth of the sector Government will further promote private and public investment in post-harvest activities including aggregation, modern storage, efficient supply chains, primary and secondary processing and marketing and branding.

4. Taxation policies and incentives The FM announced in the Interim Budget 2024 that the same tax rates will be retained in FY 2024-25 for direct taxes. There will be no tax liability for taxpayers with an income of up to Rs. 7 lakh, under the new tax regime.

5. Focus on digital economy and innovation The 2024 budget is more than an economic statement; it's a blueprint for India's digital future. By focusing on enhancing digital infrastructure, promoting digital literacy, and fostering innovation, the budget can play a pivotal role in realising the vision of a digitally empowered India.

6. Social whelfare and inclusive growth In essence, the Interim Union Budget 2024-25 unfolds a comprehensive economic roadmap, emphasizing social justice, welfare, infrastructure development, and environmental sustainability, all aligned with the principles of inclusivity and holistic growth

7. Thank you