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#Budget2024 Highlights so far: #1 ๐ | Skilling and Job Creation Incentives for First-Time Employees: FM Sitharaman 1. First-time workers will receive a one-time benefit of up to โน15,000 in three installments, targeting those with a salary of โน1 lakh per month. This initiative aims to support 2.1 lakh youths. 2. Manufacturing Job Creation Employers in the manufacturing sector will get up to โน3,000 monthly for two years to cover EPFO contributions for new hires. This scheme aims to benefit 30 lakh youths and create an additional 50 lakh jobs across all sectors. #2 ๐ | Boosting Women's Workforce Participation: FM Sitharaman -Increasing women's participation in the workforce will be a priority. This will be facilitated by setting up hostels and creating partnerships to organize women-specific skilling programs. #3 ๐ | โน15,000 Crore for Andhraโs Pollavaram Project: FM Sitharaman -The government is committed to financing and completing the Pollavaram irrigation project, considered the lifeline for Andhra Pradesh and its farmers. Additional allocations will be provided this year to support capital investment for economic growth. Union Budget to facilitate 15,000 crore for Andhra with additional amounts in future years. #4 ๐ | โน26,000 Crore for Bihar Highways and New Infra: FM Sitharaman -Union Budget announces new airports, medical facilities and sports infra for Bihar; out of which, โน26,000 crore will be allocated to Bihar's highways. #5 ๐ | โน5,000 Internship Allowance and โน6,000 Assistance: FM Sitharaman -Internships in 500 top companies to be encouraged. Internship allowance of โน5000 and one-time assistance of โน6,000 to be provided under the internship scheme. #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget2024 #1 #2 #3 #4 #5 #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal
Indiaโs economic growth stands out despite global challenges, says Finance Minister Nirmala Sitharaman. The 2024 Budget includes โน1.48 lakh crore for education, employment, and skills development. Your thoughts? โ๏ธ #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal
#Budget2024 Highlights so far: #1 ๐| Policy Uncertainties and Risks to Growth and Inflation: FM Sitharaman - While performing better than expected, the global economy is gripped by policy uncertainties. There are significant downside risks to growth and upside risks to inflation. #2 ๐ | Focus on Underprivileged, Women, Youth, and Farmers: FM Sitharaman - For Annadata (Farmers), we announced a higher MSP a month ago for all major crops, delivering on our promise. The PM Garib Kalyan Anna Yojana was extended for five years, benefiting more than 80 crore people. Administrative actions for approving and implementing various schemes announced in the interim budget are well underway. #3 ๐ | โน2 Lakh Crore PM Package for Employment and Skilling: FM Sitharaman - The Finance Minister announced a PM Package of five schemes to facilitate employment and skilling, with a โน2 lakh crore allocation. This year, โน1.48 lakh crore has been made for education, employment, and skilling. #4 ๐ | Review of Agricultural Research for Productivity and Climate Resilience: FM Sitharaman - The government will comprehensively review the agricultural research setup to increase productivity and develop climate-resilient varieties. Domain experts will oversee the conduct of this research to ensure its effectiveness and relevance. #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal #Budget2024 #1 #2 #3 #4 #Budget360 #Budget #NirmalaSitharaman #BudgetSession #MotilalOswal