Union Budget 2024: Here Are The Major Announcements From FM Sitharaman
5 months ago

Union Budget 2024: Here Are The Major Announcements From FM Sitharaman

ABP News  

Union Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget for the fiscal year 2024-25 on Tuesday. Budget 2024 announced an increase in the deduction for Employer National Pension Scheme contributions to 14 per cent. The revised borrowing target is Rs 14.01 lakh crore, down from the Rs 14.13 lakh crore previously announced in the interim budget. The capital expenditure allocation for infrastructure has been maintained at the previously set target of Rs 11.1 lakh crore as per the interim budget announcement. Employers will also receive reimbursement of up to Rs 3,000 per month for two years for each new employee, targeting the creation of 50 lakh new jobs and benefiting 30 lakh youths.

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