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.

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.

23 July 2024

13:08 IST

Post Budget 2024 Political Reactions Live Updates 

Samajwadi Party chief Akhilesh Yadav says "...'Sarkaar bachani hai toh acchi baat hai ki Bihar aur Andhra Pradesh ko vishesh yojnao se joda gaya hai'...They have increased unemployment in the last 10 years..."

13:01 IST

Union Budget 2024 Live Updates: Shashi Tharoor Slams Budget Announcement

On Union budget 2024. Congress MP Shashi Tharoor says, "It is an underwhelming budget. I didn't hear anything about the key issues facing the common man. There is no mention of MNREGA, and insufficient mention of steps taken to improve the income of a common person. We have seen far too little from govt on addressing income disparity. On job creation, a token gesture was made. I welcome only one provision which is abolishing of tax on angel investors. I had recommended it to Arun Jaitley more than 5 years ago."

11:41 IST

Union Budget 2024 Live Political Reactions: Here's What Yechury Said

“We think the Budget needs to address the most important thing…the issue of expanding economic fundamentals and improving the quality of people’s lives,” says CPI(M) leader Sitaram Yechury.

11:32 IST

Union Budget 2024 Live Reactions: INDIA Bloc Leaders Protest Demanding Special Status

INDIA bloc leaders of Bihar protest outside State Assembly demanding special state status.

11:27 IST

Budget 2024 Live: PM Package Of Five Schemes For Employment And Skilling 

FM announces a package of five schemes aimed at boosting employment and skill development. The Modi 3.0 government has allocated Rs 2 lakh crore towards education, employment, and skilling initiatives.