5 Major Highlights from Budget 2024

1. Finance Minister Nirmala Sitharaman announces no change in tax structure.
2. A ?1 Lakh crore corpus will be set up, with a 50-year interest- free loan granted to the private sector to boost research and innovation.
3. Tax Benefits for startups, investments made by sovereign wealth, pension funds to be extended to March 2025.
4. The Interim Budget 2024 has proposed to raise capital expenditure by 11.1% to ?11.11 lakh crore.
5. The fiscal deficit (the difference between revenue and expenditure of the government) for 2024-25 is expected to be 5.1% of GDP.

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