Budget 2024: Key Highlights and Allocations in 2 Minutes: Nex News Network
In the latest budget announcement, several significant changes and allocations were made across various sectors. Here's a quick rundown:
Income Tax Slabs: No changes were made to the income tax slabs.
Housing Scheme: A major announcement was made regarding a new housing scheme for the middle class, aiming to construct 2 crore houses under the PM Housing Scheme and provide free electricity to 1 crore households through the Rooftop Solar Program.
Capital Target: The capital target was increased by 11.1% to 11.11 lakh crore rupees.
Tax Revenue Target: The estimated revenue target for FY25 was set at 30 lakh crore rupees, surpassing the revised estimate of 26.99 lakh crore rupees for FY24.
Defense Budget: A significant increase in the defense budget was allocated, rising by 4% to 6.2 lakh crore rupees.
Healthcare: The Ayushman Bharat scheme will be expanded to reach all ASHA and Anganwadi workers, with plans to establish hospitals in all districts and commence vaccination for cervical cancer in girls aged 9-14 years.
Aviation: 517 new routes will be initiated under the Udaan scheme, with defense allocation increasing by approximately 20% to 6.22 lakh crore rupees.
Allocation for Schemes: Allocation for key schemes for FY25 has been increased, including a 43.3% increase for MNREGA, a 4.2% increase for Ayushman Bharat-PMJAY, and a 33.5% increase for PLI schemes. Additionally, the investment target for FY25 has been set at 50,000 crore rupees.
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