Union Budget 2024: Key Highlights and Presentation Details

Focus Areas: Key Reforms Expected in Income Tax and Business Regulations
New Delhi, July 23, 2024 – Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 on July 23 at 11 a.m. in the Parliament. This marks a significant milestone as it will be the first full Union Budget under the new NDA coalition government and Sitharaman's seventh consecutive budget presentation, making her the first Finance Minister to achieve this feat. She surpasses Morarji Desai, who held the previous record with six consecutive budgets.

The upcoming budget is anticipated to bring notable changes in the income tax structure and measures aimed at enhancing the ease of doing business in India. These reforms are part of the government’s broader mission to drive economic growth and create a more business-friendly environment.

Prime Minister Narendra Modi emphasized the historical significance of this budget, stating, "It is a matter of pride that after 60 years, a government has come to power for the third time and will present the first Budget for the third time. Our mission is to bring our guarantees to the ground. This Budget is an important budget for Amrit Kaal. Today's budget will decide the direction for the next five years of our term and lay a strong foundation for our dream of Viksit Bharat."

The Union Budget 2024 presentation can be watched live on the Budget section of the Hindustan Times website, which will provide comprehensive coverage and analysis. Stay informed with timely updates on how the budget will impact various aspects of daily life and the broader economy.