Union Budget 2024: Key Highlights for IBPS PO Interview

The Union Budget 2024, presented by Finance Minister Nirmala Sitharaman, is like a treasure map for India’s future. It’s filled with exciting highlights that show where the country is heading. Imagine big projects connecting India to the Middle East and Europe, like a superhighway for goods and services. The budget also talks about how India faced tough challenges during the pandemic and came out strong, leading the way in global problem-solving. There’s a dream of a super-developed India by 2047, with fancy infrastructure and opportunities for everyone. Here we are providing important Union Budget 2024 highlights which can be asked in IBS PO Interview 2023🏆🥇

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Union Budget 2024 Highlight 1: IMEC Endorsement and Historic Announcement

• US President Joe Biden endorses IMEC during the 78th UNGA session.
• Sitharaman highlights IMEC’s potential for investment across two continents.
• Historic announcement of India-Middle East-Europe Economic Corridor involving global leaders.

Union Budget 2024 Highlight 2: IMEC as a Game Changer

• Sitharaman emphasizes IMEC’s strategic and economic significance.
• Visionary initiative quoted by global leaders, including Joe Biden.
• Potential for economic development through enhanced connectivity and integration.

Union Budget 2024 Highlight 3: Success of India’s G20 Presidency

• Sitharaman credits India for navigating global challenges during the G20 presidency.
• Addressing issues like inflation, interest rates, low growth, public debt, and climate change.
• Recognition of India’s resilience and leadership in shaping a new world order.

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Union Budget 2024 Highlight 4: Vision for Viksit Bharat’ by 2047

• Sitharaman outlines a vision for a prosperous India by 2047.
• Emphasis on harmony with nature, modern infrastructure, and opportunities for all.
• Next five years were declared as a golden period for unprecedented development.

Union Budget 2024 Highlight 5: IMEC: Transforming Trade Dynamics:

• Sitharaman labels IMEC as a strategic and economic ‘game changer.’
• Quoting PM Modi, she envisions IMEC as the basis for world trade for centuries.
• Historic initiative transforming trade dynamics on Indian soil.

Union Budget 2024 Highlight 6: Pradhanmantri Surydaya Yojana:

• Aligns with PM Modi’s vision for rooftop solar on one crore houses.
• Aims to reduce electricity bills for the poor and middle class.
• Contribution to making India self-reliant in the energy sector.

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Union Budget 2024 Highlight 7: Free Solar Power and Savings:

• Potential household savings of Rs 15,000 to Rs 18,000 annually through free solar power.
• Turning households into power-generating units aligns with the self-reliance agenda.

Union Budget 2024 Highlight 8: ‘Power to the People’ – Rooftop Solarisation:

• Significant move towards decentralizing power generation.
• One crore households receive up to 300 units of free electricity per month.

Union Budget 2024 Highlight 9: Inclusive Growth and Social Welfare:

• Sitharaman concludes budget presentation with a commitment to inclusive growth.
• 34 crore Mudra Yojana loans extended to women entrepreneurs.
• Achievements in housing, water, and cooking gas access for all.

Union Budget 2024 Highlight 10 Inclusive Governance and Skill India Mission:

• Government’s commitment to inclusive governance under PM Modi’s leadership.
• Celebration of Skill India Mission’s success, training 1.4 crore youth.

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Union Budget 2024 Highlight 11: Commitment to the Poor, Women, Youth, and Farmers:

• Focus on four major pillars: poor, women, youth, and farmers.
• Increased funds for PM Garib Kalyan Yojana, leveraging Direct Benefit Transfer.

Union Budget 2024 Highlight 12: Free Ration for 80 Crore People:

• Addressing concerns about food security, Sitharaman announces free ration for 80 crore people.

Union Budget 2024 Highlight 13: Stride Towards Atma Nirbhar Bharat:

• Acknowledgment of challenges during the pandemic.
• Country’s successful stride towards Atmanirbhar Bharat and solid foundations for the future.

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Union Budget 2024 Highlight 14: Continuity of Inclusive Development Vision:

• Emphasis on ‘Sabka Saath, Sabka Vikas, and Sabka Vishwas.’
• Declaration that the Indian economy witnessed a profound positive transformation in the last 10 years.

Union Budget 2024 Highlight 15: CRISIL View and Taxation

• Adoption of nano DAP to reduce fertilizer subsidy bill.
• No changes proposed to taxation; retention of current tax rates.

Union Budget 2024 Highlight 16: Infrastructure and Economic Outlook

• Higher capex budget for infrastructure at 11.1%.
• Emphasis on private sector participation for maintaining growth momentum.

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Union Budget 2024 Highlight 17: Railway Development and Full Budget Roadmap

• Conversion of 40,000 rail bogies to Vande Bharat standards.
• Doubling of airports to 149; Indian carriers order 1,000 new aircraft.
• Full Budget in July to present a detailed roadmap for Viksit Bharat.

Union Budget 2024 Highlight 18: Capital Expenditure Target

• FY25 capex target set at Rs 11.1 lakh crore, up 11.1%.

In summary, Union Budget 2024 brings a lot of good news for India. The focus on projects like the economic corridor and rooftop solar power indicates a vision for progress. The commitment to inclusive growth and support for various sections of society, from women entrepreneurs to the poor, is heartening. The budget aims to build a resilient and self-reliant India, overcoming challenges and striving for positive transformation. Overall, it paints a picture of a nation moving confidently towards a better and brighter future.

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