Budget 2024 Live Reactions: Nirmala Sitharaman Presents Historic Seventh Budget
This occasion marks the first budget of the BJP-led NDA government following its re-election in June.
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Finance Minister Nirmala Sitharaman on Tuesday presented the 2024-25 Budget, marking her seventh consecutive presentation and surpassing the record set by former Prime Minister Morarji Desai. This Budget is the first since Prime Minister Narendra Modi's government was re-elected for a third term. "The people of India have reaffirmed their trust in Modi's leadership by electing us for a third term," Sitharaman stated during the Lok Sabha presentation.
Sitharaman also noted that India's economic growth remains robust amidst global economic uncertainties. The nation's inflation rate is stable, trending towards 4 percent, with core inflation at 3.1 percent.
The spotlight is on potential tax reforms that may affect both individuals and businesses, alongside rumors of an increase in the standard deduction limit. Additionally, the JD(U), YSRCP, and BJD are advocating for special category status for Bihar, Andhra Pradesh, and Odisha, respectively. Here are the reactions from parties, and leaders from across the political spectrum.
Stay tuned for live reactions from political parties, industry experts to the latest announcements made by the finance minister.