India's Finance Minister Nirmala Sitharaman presents Interim Budget for 2024
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India’s Finance Minister Nirmala Sitharaman presents Interim Budget for 2024

India’s Finance Minister Nirmala Sitharaman presents Interim Budget for 2024

From infrastructure to agriculture, from healthcare to income tax, expectations are high for the Indian government to provide relief despite inflationary pressures in its budget announcements

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Nirmala Sitharaman presents interim budget

As India is scheduled for general elections later this year, the Union Finance Minister Nirmala Sitharaman is presenting an interim budget to the Parliament. The interim budget – a short-term financial plan – is presented to the Parliament to meet the government’s essential expenditure for the first four months of the financial year.

The finance minister, in her speech to Parliament, said the government would focus  on four major groups in the coming months – poor, women, youth and the farmers.

She announced that government would maintain the current Income Tax slabs and would allow deductions under 80C under the new tax regime.

 Interim Budget 2024 Live Blog:

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