Budget 2024 Key Highlights Live Updates: New tax slabs in effect, fiscal deficit projected to reduce in FY2025 | Mint

The 2024 Union Budget, presented by Finance Minister Nirmala Sitharaman, focuses on bolstering infrastructure, defense, and income tax reforms. Key highlights include a 33% increase in the infrastructure budget, significant allocations for defense modernization, and changes to personal income tax slabs, aiming to benefit middle-class taxpayers. The budget emphasizes sustainable development with substantial investments in green technology and renewable energy. Additionally, it introduces measures to support MSMEs, including easier access to credit and reduced compliance burdens. The budget also proposes increased funding for education and healthcare sectors, aiming to boost long-term economic growth and social development.