Union Budget 2024: Ambitious Vision for a 'Viksit Bharat'

The Union Budget 2024 presented by Finance Minister Nirmala Sitharaman focuses on four key societal pillars: the underprivileged, women, youth, and farmers. It introduces tax reliefs and a review of the Income Tax Act of 1961, while emphasizing job creation, pollution control, and infrastructure development.

The Union Budget 2024, unveiled by Finance Minister Nirmala Sitharaman, emphasizes the government's vision of 'Viksit Bharat' by 2047. The budget prioritizes underprivileged communities, women, youth, and farmers, with measures to create jobs and allocate more funds to crucial sectors.

For the first time, the government voiced concerns about rising pollution levels, mandating that polluting industries like iron, steel, and aluminum meet emission targets. The budget also highlighted several tax relief measures and announced a comprehensive review of the Income Tax Act of 1961 to benefit the middle class within six months.

The budget retained a capital expenditure outlay of Rs 11.1 lakh crore, focusing on infrastructure development to drive economic growth. These initiatives aim to enhance financial accessibility, support agriculture and education, and promote regional and youth development, reflecting the government's commitment to inclusive development.

(With inputs from agencies.)