Budget 2024 Highlights, Union Budget 2024 Highlights, Budget 2024 speech, Budget 2024 analysis: Finance Minister Nirmala Sitharaman said the government targets to contain fiscal deficit at 5.1 per cent for the financial year 2024-25, and to bring it below 4.5 per cent the following year. The finance minister announced a record capital expenditure (capex) of Rs 11.1 lakh crore for the year ending March 2025.
The Finance Minister began her Budget speech by stating that the economy staged a strong performance in the past 10 years, and that the government remains committed to transforming India into a developed nation by 2047. Here's the full text of FM's Interim Budget 2024 speech
Benchmark indices Nifty and Sensex remained almost flat while the speech was underway, following a largely rangebound trade earlier in the day after a mildly positive start. Zee Business Managing Editor Anil Singhvi, who had asserted earlier in the day that "no bad news is good news for the markets", said the Budget was largely neutral with slightly positive contours. Catch latest stock market updates here
The Budget speech, which lasted for about an hour, was the current finance minister's shortest ever. Her sixth Budget presentation came amid oceans of expectations, once again, that the annual event would spell some good news for everyone—from economists, policymakers, investors, businesses and taxpayers to the common man.
Budget 2024: Deeply appreciate clear focus on tech, youth, says All India Gaming Federation CEO
“Today's Interim Budget may not have directly addressed the needs of the gaming industry, however, the clear focus on technology and the youth is one that we deeply appreciate," says Roland Landers, CEO, All India Gaming Federation.
"As the apex industry body, we are committed to working with policymakers to create an enabling environment for the gaming sector's growth and innovation. Our industry has immense potential, and we look forward to constructive policies that will drive its development in the Union Budget," Landers adds.
Credit: Zeebiz