Mumbaikars were spotted watching interim budget on television sets in an electronic goods showroom. Pics/ Atul Kamble
Finance Minister Nirmala Sitharaman presented the Union Budget 2024 in Parliament, and it is considered an interim budget due to its timing just before the Lok Sabha Elections.
No changes were announced in the tax slabs for both the old and new regimes, providing stability in the taxation framework.
This marks Nirmala Sitharaman's sixth Union Budget, with the full-fledged budget scheduled to be presented by the new government post-election.
The interim budget, a short-term financial plan, seeks parliamentary approval for a grant in advance to cover essential government expenditure for the first four months of the new financial year.
Sitharaman shared the government's vision to transform India into a developed country by 2047, aligning with long-term developmental goals.
The government's focus is on addressing systemic inequalities, with an emphasis on achieving socio-economic transformation through outcomes rather than mere outlays. The key priority groups include the poor, women, youth, and farmers, Sitharaman said.
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