Budget 2024 Highlights

Highlights of the Budget 2024: Download the PDF, Important Points, and Key Takeaways

# Economic Overview and Growth Projections

Nirmala Sitharaman

- The government plans to cut down the deficit to 5.1% of the GDP for the fiscal year 2024-25, down from 5.63% in the current year.

- The Economic Survey forecasts that India's GDP will expand between 6.5% and 7%, falling short of the previous year's growth rate of 8.2%[2][3].

# Changes in Personal Income Tax

- Introducing new tax brackets under the revised tax system:

- Up to ₹3 lakh - 0%

- Range from ₹3 lakh to ₹7 lakh - 5%

- From ₹7 lakh to ₹10 lakh - 10%

- From ₹10 lakh to ₹12 lakh - 15%

- From ₹12 lakh to ₹15 lakh - 20%

- Any amount above ₹15 lakh - 30%

- The threshold for tax exemption will rise to ₹7 lakh with the introduction of the new tax system.

# Major Goals

The budget is centered on nine primary objectives for turning India into a developed nation by 2047:

1. Enhancing productivity and resilience in farming

2. Creating jobs and improving skills

3. Promoting inclusive human resource development

4. Advancing social justice

5. Developing cities

6. Ensuring energy security

7. Building infrastructure

8. Fostering innovation, research, and development

9. Implementing forward-thinking reforms

Budget 2024: Download Budget 2024

Here is the link to download the Finance Bill 2024: download link

# Budget 2024 Highlight

- Key Highlights

- Reduction in Budget Deficit: The government plans to lower the budget deficit from 5.63% of GDP to 5.1% for the fiscal year 2024-25.

- Projected Growth of GDP: The Economic Survey predicts a GDP growth range of 6.5-7% for 2025, a decrease from 8.2% in the previous year.

- Changes in Income Tax:

- The updated income tax brackets under the new policy include:

- Up to ₹3 lakh - No tax
- ₹3 lakh to ₹7 lakh - 5% tax
- ₹7 lakh to ₹10 lakh - 10% tax
- ₹10 lakh to ₹12 lakh - 15% tax
- ₹12 lakh to ₹15 lakh - 20% tax
- Above ₹15 lakh - 30% tax

- The tax-free limit has been raised to ₹7 lakh for individuals with the new tax system.

- Priorities: The budget prioritizes nine critical areas designed to transform India into a developed country by 2047, focusing on agriculture productivity, job creation, urban development, and innovation.
                   

- Tax Rates for Corporations: The tax rate for existing domestic companies and certain new manufacturing businesses remains at 22% and 15%, respectively.

- Support for Vulnerable Groups: The budget is dedicated to aiding the underprivileged, women, young people, and farmers, in line with the goal of a "Viksit Bharat" (Developed India).

These highlights showcase the government's strategic approach to fostering economic expansion while maintaining fiscal discipline and promoting social justice. For further details, please consult the official documents provided for download.

➤ 2024 Budget 2024 Custom Duty Changes:

The budget for 2024 brings forth a series of modifications to import taxes designed to boost local production and lessen dependence on foreign goods. Here are the main alterations:

- Lowering of Importation Taxes: To encourage domestic production, the government has decreased taxes on specific raw materials and parts, which is projected to reduce the cost of manufacturing across different sectors.

- Hikes in Taxes on Certain Products: Tax rates on certain high-end and non-essential goods have been raised to discourage foreign purchases and bolster local businesses.

- Support for Environment-Friendly Technologies: The budget includes measures to decrease taxes on goods related to eco-friendly technologies, like solar panels and electric cars, to drive sustainable growth.

- Ease of Tax Regulations: The goal of the budget is to make tax regulations simpler, facilitating the import/export process for businesses.

These adjustments are part of a wider plan to stimulate economic growth, increase self-sufficiency, and encourage environmentally friendly practices across various industries. 

Union Budget 2024: Where does every rupee go?

The Budget for 2024 by the Union Government details its spending and income plans, showing the distribution of every rupee it has. Below are the key aspects of the budget distribution:

BUDGET IN 1 RUPEE 

# Total Spending

- Allocated Budget: ₹48,20,512 crore, a rise of 8.5% from the last year.

# Main Distributions

- Interest Charges: Consume 24% of the budget, underscoring the high costs associated with paying off national debt.

- Department of Defence: Got ₹6,21,940.85 crore, which accounts for 12.9% of the budget, intended for boosting military strength and purchasing goods domestically.

- Department of Home Affairs: Got ₹2,19,643.31 crore, mostly for the central police forces like CRPF, BSF, and CISF, essential for maintaining internal security.

- Department of Finance: Received the biggest portion, over ₹18 lakh crore, highlighting the focus on financial management and collecting taxes.

- Department of Economic Development: Received ₹62,593 crore for new initiatives under its Department.

# Estimated Income

- Income: Anticipated at ₹32,07,200 crore, with tax income expected to grow by 11%.

- GST Collections: Anticipated at ₹10,61,899 crore, showing an increase of 11% from the last year.

- Income Tax: Anticipated to increase to ₹11,87,000 crore, showing a growth of 13.6%.

                              

These budget allocations reflect the government's main focuses on improving security, stimulating economic development, and managing its finances efficiently. For a deeper analysis, please refer to the full budget report available in the provided resources.

Union Budget updates 2024 in india all state 

1) Maharashtra

Here are the main developments from the Union Budget 2024-25 for the state of Maharashtra:

 

Maharashtra

# Allocation Highlights for Maharashtra

- ₹600 crore has been set aside for irrigation projects in the Vidarbha and Marathwada areas

- ₹150 crore has been designated for the MMR Green Urban Mobility initiative[1] 

- ₹1,087 crore has been allocated to the Mumbai Metro[1]

- ₹683 crore has been set aside for the Nagpur Metro[1]

- ₹814 crore has been allocated for projects in Pune's Metro system.

# Perspectives from Maharashtra Officials

Maharashtra's Chief Minister, Eknath Shinde, praised the budget for its emphasis on the youth, agriculture, women empowerment, and infrastructure growth, describing it as a "Navratna Budget". He highlighted that the budget correctly prioritizes areas such as agriculture, skill enhancement, social equality, urban progress, energy efficiency, infrastructure development, industrial growth, and policy reforms for the newer generation.

Deputy Chief Minister, Ajit Pawar, commended the budget for meeting the needs of the middle class and setting the stage for a robust and developed nation. He looked forward to the reduction in taxes on medicines and mobile chargers.

Deputy Chief Minister, Devendra Fadnavis, also showed support for the budget, stating that Maharashtra stands to gain from various announcements.

# Critiques from Opposition

On the other hand, the opposition Maha Vikas Aghadi (MVA) made up of the Congress, Shiv Sena (Unitedblitz), and Nationalist Congress Party criticized Maharashtra's absence from the budget despite it being the state with the highest tax contributions.

The Maharashtra Congress leader, Nana Patole, questioned the budget, calling it a budget filled with catchy phrases but lacking in actual policies and vision[1]. NCP leader Jayant Patil mentioned the budget's lack of significant initiatives[1].

The opposition argued that the budget is a strategy to maintain the BJP government at the national level, showcasing the BJP's antagonism towards Maharashtra. They pondered what Maharashtra has gained from its support to the BJP-led federal government.

In conclusion, while the governing coalition was pleased with the budget, the opposition brought to light its shortcomings in addressing Maharashtra's needs despite the state's significant financial contributions.

2) Gujarat

# Upcoming Developments in Gujarat's Union Budget 2024-25:

- ₹10,000 crore allocated for the Ahmedabad-Gandhinagar Metro expansion

- ₹8,000 crore dedicated to the Surat-Udhna-Olpad-Hazira Metro scheme

- ₹5,000 crore set aside for the Rajkot Metro initiative

- ₹3,000 crore for the Vadodara Metro development

- ₹2,000 crore for the Bhavnagar Metro project

   

Gujarat

# Feedback from Gujarat's Political Leaders

Gujarat Chief Minister Bhupendra Patel embraced the budget, describing it as "focused on progress" and "centered around growth". He highlighted the budget's potential to enhance infrastructure, generate employment, and fortify the economic landscape.

Gujarat Deputy Chief Minister Nitin Patel commended the budget for its emphasis on the middle class, agricultural sector, women, and youth. He believed the state would reap the benefits of the metro projects and other initiatives.

Gujarat BJP State President CR Paatil called it a "forward-looking budget" destined to elevate India's status. He mentioned its role in accelerating progress and meeting the nation's aspirations.

# Critiques from Opposition Parties 

Nonetheless, the opposition Congress and Aam Aadmi Party were critical of the budget, arguing it was lacking in vision and failed to address the needs of the poor and middle class.

AAP Gujarat State Head Gopal Italia accused the budget of being election-driven, neglecting the state's interests and serving a political agenda. He suggested the budget was meant to secure the BJP's position at the federal level.

The opposition contended that the budget was merely a "show" lacking tangible solutions for Gujarat's development. They charged the BJP government with overlooking the state's concerns.

In summary, while the governing BJP showed appreciation for the budget, the opposition accused it of sidelining Gujarat's priorities for political gains. The state is set to receive a significant increase in metro infrastructure.

3) Andhra Pradesh

Here are the main highlights from the Union Budget 2024-25 for the state of Andhra Pradesh in India:

#Financial Allocations

    

Andhra Pradesh

- Special Financial Support; The Union Budget has dedicated ₹15,000 crore to support the development of the state, with a special focus on Amaravati, the capital of Andhra Pradesh, and the Polavaram irrigation project, which is vital for the agricultural sector of the state.

- Polavaram Project Commitment: Finance Minister Nirmala Sitharaman reiterated the government's pledge to see the Polavaram irrigation project completed early, referring to it as the "heartbeat" of Andhra Pradesh. This project is expected to boost food security and agricultural output in the area.

- Infrastructure Enhancement: The budget also covers important infrastructure developments, including water, power, and rail projects, especially in the Vizag-Chennai Industrial Corridor, as part of the larger strategy to promote industrial expansion in the state.

# Responses from State Officials

- Chandrababu Naidu's Perspective: The Chief Minister of Andhra Pradesh, N. Chandrababu Naidu, expressed appreciation for the central government's recognition of the state's needs and the significant financial aid provided. He mentioned that the budget signifies a crucial step towards the rebuilding and growth of Andhra Pradesh.

- Nara Lokesh's Insight: The Minister of Information Technology and Electronics for Andhra Pradesh, Nara Lokesh, called the budget a "new dawn" for the state, focusing on the significance of the funds allocated for industrial development and infrastructure for achieving the state's development goals. He stressed the importance of these funds for the development of Amaravati and the Polavaram project as key projects for the state's future.

# Key Insights

- The budget highlights the government's efforts to fulfill its promises under the Andhra Pradesh Reorganisation Act, prioritizing the needs of underserved areas in Rayalaseema, Prakasam, and North Coastal Andhra.

- The Union Budget is regarded as a comprehensive package designed to address various sectors, including infrastructure, irrigation, and human capital development, which are essential for the state's prosperity and advancement.

In summary, the Union Budget 2024-25 has been positively received by the leadership of Andhra Pradesh, with substantial funds allocated to infrastructure and irrigation projects. However, opposition parties have voiced concerns about the sufficiency of these measures.

4) Arunachal Pradesh

Here are the main updates regarding India's Union Budget for 2024-25 concerning the state of Arunachal Pradesh:

# Key Areas of Concentration

- Human Resources Development: The budget undersc

Arunachal Pradesh

ores substantial investments in education and skill building, with the aim of improving the state's human resources.

     

- Development of Infrastructure: A significant emphasis is placed on the enhancement of infrastructure, including the upgrading of roads, bridges, and projects to increase economic expansion and accessibility in hard-to-reach regions.

- Boost in Economic Performance: The objective of the budget is to stimulate local economic growth by encouraging entrepreneurship and backing small and medium-sized businesses (SMEs), which play a crucial role in generating employment and economic stability.

# Allocation of Financial Resources

- The Union Budget has allocated specific funds for the progress of Arunachal Pradesh, although the precise amounts have not been disclosed in the current information. The focus is on ensuring that the funds are tailored to meet the state's unique requirements, especially considering its geographical challenges.

# Feedback from State Officials

- Appreciation: Leaders of Arunachal Pradesh have shown positive outlook towards the budget, pointing out its potential in promoting development in education and infrastructure.

- Requests for Additional Aid: Although the budget is generally well received, there are calls for greater financial assistance from some state officials to tackle the state's distinct issues, particularly in remote and tribal-dominated regions.

# Noteworthy Points

- The budget is in harmony with the federal government's wider agenda of achieving inclusive growth and sustainable progress, taking into account the specific needs of the northeastern states.

- The focus on human resource development and infrastructure is viewed as a vital step towards improving the standard of living and economic prospects for the citizens of Arunachal Pradesh.

In conclusion, the Union Budget 2024-25 for Arunachal Pradesh demonstrates a dedication to promoting development through targeted investments in education and infrastructure, with an aim to achieve inclusive growth.

 

5) Haryana

- The Union Budget for the fiscal year 2024-25 for Haryana does not mention any particular investments or projects for the state. Instead, the focus seems to be more on the overarching budget plans and what leaders from other states, such as Andhra Pradesh, have to say about it.

  

Haryana

- Chief Minister Nayab Singh Saini of Haryana has shown approval for the Union Budget 2024-25, believing it will be crucial in driving India towards becoming a developed nation, but specifics on his stance towards Haryana's benefits from the budget are not detailed.

- No further reactions or opinions from Haryana's political figures have been found regarding the budget's influence on the state.

- The Union Budget for 2024-25 places a strong emphasis on areas like infrastructure, manufacturing, and job creation throughout the country, but there is no evidence of significant programs or funds dedicated to Haryana.

- The official budget documents and statements by the Finance Minister are accessible on the Finance Department, Government of Haryana's website, but the results from searches do not delve into the specific benefits for Haryana as a result of these budget measures.

In conclusion, the available data points suggest that the Union Budget for 2024-25 does not include any notable announcements relevant to Haryana. Further insights from Haryana's state government entities are necessary to fully understand the budget's effects on the state's key development objectives and what its political leaders think about it.

6) Manipur

Here are the main takeaways from India's Union Budget 2024-25 for the Indian state of Manipur:

# Key Insights

Manipur

- Lack of Investment: The Manipur Pradesh Congress Committee (MPCC) has voiced its disappointment, noting that Manipur has been disadvantaged in the Union Budget allocation. They pointed out that the budget does not allocate significant financial resources for the state's growth and well-being, according to them, crucial for its advancement.

- Issues Pointed Out by Leaders: Leaders at the local level, including members of the Congress party, have expressed dissatisfaction with the budget for not catering to Manipur's unique needs and obstacles. They contend that the budget does not align with the populace's desires and lacks the necessary backing for infrastructure, education, and medical services.

#Financial Overview

- Funds In and Out: The budget's detailed financial allocations for Manipur are not available in the search results, but the feedback from local political figures suggests that there is a shortfall in financial aid when compared to other states.

- State Budget Framework: The Manipur state government has presented its budget for 2024-25, which includes various funding for development projects. However, the search results fail to offer an explicit comparison between the Union Budget allocations and those of the state budget in Manipur.

# Feedback from Political Figures

- MPCC's Analysis: The MPCC has urged for a fairer distribution of resources and stressed that the federal government ought to prioritize the northeastern regions, among them, Manipur, for its budgets in the future.

- Strategies for Change: There are demands from local representatives for the federal government to rethink its strategy to guarantee that Manipur receives the necessary financial support for tackling its developmental issues.

In summary, the Union Budget 2024-25 has received criticism from Manipur's political figures who feel that the state has been unjustly neglected in terms of financial backing and developmental efforts.

7) Mizoram

- On February 27, 2024, the state of Mizoram announced its annual financial plan for 2024-25, known as the State Budget.

    

- The state anticipates a growth of 22% in its Gross State Domestic Product (GSDP) for the fiscal year 2024-25, which stands at around ₹48,038 crore, based on current prices, compared to a growth of 22.5% in the previous fiscal year, 2023-24.

- The projected expenditure for the fiscal year 2024-25 (excluding payments to repay debt) is set at ₹13,786 crore, representing a drop of 6% from the previously revised numbers for the same fiscal year, 2023-24. Furthermore, the state plans to settle a part of its debt amounting to ₹491 crore.

- The state is expecting a revenue surplus of 1.2% of its Gross State Domestic Product (GSDP) for the fiscal year 2024-25, standing at ₹565 crore, which is a significant increase from the revised figures for the fiscal year 2023-24, which anticipated only 0.7% of GSDP as surplus.

- The state's fiscal deficit for the fiscal year 2024-25 is aimed at being at 2.8% of its Gross State Domestic Product (GSDP), which is set at ₹1,366 crore.

- The state has pledged to keep electricity bills for consumers at the same level to provide relief. Additionally, ₹20 crore has been allocated to upgrade projects such as replacing outdated transformers and integrating rooftop solar systems into the grid.

- The government is considering a hike in stamp duty from 1% to 3% of a property's market value, with an exception for properties passed down through widows, who will enjoy a 2.5% reduction in the duty.

- The state is committed to collaborating with the civil society to achieve its goal of making Mizoram a region free of drugs through an initiative focused on combating drug abuse.

The Mizoram State Budget for the fiscal year 2024-25 highlights a focus on balancing the budget, enhancing infrastructure, and implementing measures for the welfare of its citizens, as well as for the anti-drug campaign. However, there are no specific allocations or announcements targeted towards Mizoram in the Union Budget for the fiscal year 2024-25.

8) Odisha

# Financial Distribution Details

- Enhancement of Railway Infrastructure: Odisha has received a substantial funding of ₹10,586 crore for its railway projects. This considerable investment is designed to improve railway networks and connections within the state, leading to improved transportation and economic expansion.

 # Purvodaya Scheme

Odisha

- Wide-Ranging Development Agenda: The government has unveiled the "Purvodaya" scheme aimed at the comprehensive growth of eastern states, including Odisha. This strategy intends to unlock the region's potential by developing human resources, infrastructure, and boosting economic prospects. It also intends to bolster tourism, local crafts, and various other industries.

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# Insights from Authorities

- Statement by Dharmendra Pradhan: Union Minister Dharmendra Pradhan thanked the budget for its special attention to Odisha, recognizing the state's potential to be a major contributor to India's economic progress. He stressed the significance of the Purvodaya scheme in promoting thorough development across the area.

In totality, the Union Budget 2024-25 showcases a pledge to improve infrastructure and economic prospects in Odisha, especially through major investments in railways and the launch of the Purvodaya scheme, which is focused on the overall growth of the eastern states.

9) Punjab

# Funding for Rail Projects

- The 2024-25 Union Budget has allocated a total of ₹5,147 crore for railway projects in Punjab.

- This considerable funding is aimed at improving railway facilities and connectivity throughout the state, leading to enhanced transportation and economic development.

     

Panjab

# Requests from Business Leaders

- The top request from Punjab's business community is the elimination of Section 43B(h) of the Income Tax Act.

- This particular section, implemented in the previous budget, mandates that firms make payments to small and medium-sized enterprises (MSMEs) within 45 days to claim tax rebates. Business leaders seek its repeal due to its negative effects on commercial activities.

- Additional requests include:

  - Including fuel and electricity bills under the GST framework to obtain input tax credits

  - Offering a package of benefits for the industrial sector in Punjab and a subsidy for freight transport

  - Promoting cooperation in research and extension efforts for the oilseed industry

#Feedback from Leaders

- During her trip to Ludhiana in May, Finance Minister Nirmala Sitharaman assured local merchants that their issues would be resolved in the forthcoming Budget Session.

- Business leaders are looking forward to the government's commitment to canceling the contentious Section 43B(h) clause, following numerous appeals to the Finance Minister.

In summary, although the 2024-25 Union Budget has dedicated substantial funds to railway development in Punjab, the focus of the state's business leaders is primarily on the repeal of the tax amendment that has negatively affected commercial operations. The government's reaction to these requests will be under scrutiny.

10) Rajasthan

- Major Allocations

- New Industrial Zone: The Union Budget has unveiled plans to set up a new industrial zone in Rajasthan, designed to promote local production and generate employment. This move is a part of the national government's strategy to advance industrial growth throughout the nation.

- Allocation for Water Projects: The state of Rajasthan has received ₹275 crore dedicated to water projects related to the new industrial zone. This money is meant to fund essential services and infrastructure for the zone's development and operation.

# Feedback from State Authorities

- Positive Outlook: The authorities in Rajasthan have expressed appreciation for the budget, especially its attention to industrial growth. The creation of the industrial zone is viewed as an important step towards improving the state's economic environment.

- Requests for Additional Funding: Although the budget has received a favorable reception, there are discussions taking place among local officials about the necessity for more funding in other areas, such as agriculture and social welfare, to ensure a well-rounded development approach.

#Primary Effects

The budget for 2024-25 showcases a dedication to boosting industrial infrastructure in Rajasthan, with financial provisions aimed at establishing new industrial sites and upgrading water facilities. This strategy is anticipated to lead to economic expansion and the creation of jobs within the state.

11) Uttar Pradesh

Here are the main updates from India's Union Budget 2024-25 regarding Uttar Pradesh:

# Economic Highlights

             

Uttar Pradesh

- The gross domestic product (GDP) for Uttar Pradesh in 2024-25 is expected to reach ₹24,99,076 crore, marking an increase of 5.8% from the previous year.

- The expenditure (excluding loans repayments) for 2024-25 is projected at ₹6,96,632 crore, showing a growth of 14% compared to the revised estimates for the previous year.

- The budget is anticipated to bring in a surplus of 3% of the GDP (₹74,147 crore), which aligns with the revised projections for the previous year.

- The planned fiscal deficit for 2024-25 is set at 3.46% of the GDP (₹86,531 crore).

# Main Investments

- A sum of ₹4,073 crore has been set aside for the welfare of widowed women.

- ₹5,129 crore has been allocated for the provision of nutritious meals for women and children.

- ₹4,000 crore has been devoted to the Swami Vivekananda Youth Empowerment Scheme aimed at distributing 25 lakh tablets (so far, 25 lakh have been distributed).

- ₹4,000 crore memorandum of understanding has been signed with Hero Future Energies for investments in sustainable technology and renewable energy.

#Comments by Authority Figures

- Uttar Pradesh's Governor Yogi Adityanath commended the Union Budget 2024, stating that it is comprehensive, inclusive, and focused on development, fulfilling the desires and goals of approximately 140 crore Indians[2].

- The Chief Minister Yogi pointed out that the budget allocates ₹1.52 lakh crore for the prosperity of farmers and the agriculture sector, along with over ₹3 lakh crore for enhancing the status of women.

- Union Minister Jyotiraditya Scindia also expressed approval for the budget, stating that it will set the foundation for transforming Uttar Pradesh into an "Uttam Pradesh" (ideal state).

12) Rajasthan

- Main Provisions

- Jodhpur-Pali-Marwar Industrial Project: The federal budget has greenlit the Jodhpur-Pali-Marwar industrial project, poised to markedly accelerate industrial progress in the area. This project falls under the government's extensive plan to boost manufacturing and generate employment opportunities in Rajasthan.

              

Rajasthan

- Allocation for Infrastructure: The budget highlights infrastructure growth, yet detailed figures for other infrastructure endeavors in Rajasthan are not disclosed in the provided details.

## Rsponse from Rajasthan Officials

- Approval Given: Rajasthan's Chief Minister Bhajanlal and other officials have shown support for the budget, especially the decision regarding the industrial project, considering it a major stride towards economic expansion and employment generation in the state.

- Lack of Balanced Support: Amidst the positive feedback, certain officials have voiced concerns regarding the level of financial attention and support for Rajasthan, suggesting a demand for wider funding to cater to the varied developmental requirements across the state.

# Wide-Ranging Effect

The budget for the fiscal year 2024-25 is marked by a dedication to the advancement of industrial growth in Rajasthan, especially with the sanction of the Jodhpur-Pali-Marwar industrial project. While the approval of this project has been well-received by state leaders, there are persistent calls for increased resources to address the varied demands of Rajasthan's economic landscape and infrastructure.

13)Madhya Pradesh

Madhya Pradesh

- Key Assignments

- Enhancement of Infrastructure: Madhya Pradesh has been allocated substantial funds with the goal of improving its infrastructure, though the exact monetary amounts were not specified in the current reports.

    

- Enhancement of Railways: The Union Budget has dedicated resources for the improvement of railway projects in Madhya Pradesh, aiming to boost connectivity and the state's transport infrastructure.

#Reactions from State Officials

- Appreciated Outcome: The Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan, has shown contentment with the budget, noting its emphasis on infrastructure and development. He pointed out that it is in line with the state's development goals and will aid various economic sectors.

- Efforts for Greater Support: Despite the favorable reception, some regional officials have requested more financial assistance for farming and rural advancement, as these areas are crucial for the state's economy.

# Overall Consequences

The Union Budget 2024-25 demonstrates a dedication to improving infrastructure and connectivity in Madhya Pradesh, with notable investments in railway development and other initiatives. State officials have generally endorsed the budget, though there are discussions about the need for more financial backing for farming and rural areas to ensure balanced development throughout the state.

14) Goa

Here are the main updates regarding India's Federal Budget for the year 2024-25 concerning the state of Goa:

#Key Allocations

           

Goa

- Tourism Development: Funds have been set aside for the enhancement of tourism facilities in Goa, with the goal of stimulating the state's economy and creating employment in this field.

- Coastal Infrastructure: Resources have been allocated for the betterment of coastal infrastructure in Goa, including the expansion of ports and associated infrastructure.

#Reactions from State Officials

- Overall Perspective: The Chief Minister of Goa, Pramod Sawant, has given a favorable reception to the budget, emphasizing its contribution to the state's holistic development. He pointed out the specific allocations for the tourism and coastal sectors as particularly advantageous for Goa.

- Requests for More Funding: Despite acknowledging the budget's benefits, some officials from the state have indicated the necessity for further financial assistance in key areas such as agriculture, mining, and social services to ensure balanced growth across various sectors.

#Final Outcomes

The Federal Budget for 2024-25 is keen on accelerating tourism and upgrading coastal infrastructure in Goa, which are essential for the state's economic health. The Chief Minister's response was positive, with discussions ongoing on the importance of more holistic support to meet the diverse developmental demands of Goa.

15) Bihar

Here are the main updates regarding India's Union Budget for the year 2024-25 for the Indian state of Bihar:

# Financial Provisions

- Sum Total: Bihar has received a total of ₹58,900 crore in the Union Budget, showing a major focus on investments for infrastructure and growth projects.

                            

Bihar

- Road Infrastructure: The budget has set aside ₹26,000 crore for several road projects, like the Patna-Purnia Expressway, Buxar-Bhagalpur Expressway, and a two-lane bridge across the Ganga River in Buxar.

- Power Sector: The budget allocates for a new 2,400 MW electricity plant in Pirpainti, to be built at an investment of ₹21,400 crore.

- Flood Management: A sum of ₹11,500 crore has been dedicated to efforts against floods in the state.

- Promotion of Tourism: The budget supports the major development of key tourist spots, including the paths around the Vishnupad and Mahabodhi temples, as well as the Nalanda area.

#Feedback from Political Figures

- Chief Minister Nitish Kumar: He commended the budget as a positive development for Bihar, pointing out that it caters to the state's developmental requirements, especially in human resources and infrastructure building. He also thanked Prime Minister Narendra Modi and Finance Minister Nirmala Sitharaman for their backing.

- Contrasting View from Opposition: RJD and Congress leaders have voiced disappointment with the budget, claiming it lacks in substance and does not fulfill the pressing need for a targeted financial package or a distinct category status for Bihar.

16) Kerala

Here are the main updates regarding the Union Budget 2024-25 for the state of Kerala in India:

# Overview

- Disappointment from State Leaders: The Budget received a significant disappointment response from political figures in Kerala, as their state was absent from Finance Minister Nirmala Sitharaman's address. Opposition parties, such as the Congress and CPI(M), were critical of the Budget for what they perceived as bias towards states ruled by non-NDA governments, including Kerala.

Kerala

# Financial Requests and Expectations

- Special Economic Package: Kerala had made a request for a unique economic package valued at ₹24,000 crore to cover a range of developmental projects, including infrastructure and health projects. This request, however, was not accommodated in the budget.

- Infrastructure and Health Initiatives: The state had also asked for ₹5,000 crore for the Vizhinjam International Port project and the creation of an All India Institute of Medical Sciences (AIIMS) in Kerala, projects that did not find their way into the budget.

- Concerns Over Funding: Kerala's Finance Minister, K.N. Balagopal, voiced concerns regarding the central government's reduction in funding and its limitation on borrowing, which he believed had negatively impacted the state's financial situation. He described the budget as a "political maneuver" aimed at securing the NDA's grip at the national level rather than addressing the genuine requirements of states like Kerala.

# Reactions from Political Leaders

- Criticism from Opposition: Opposition leaders, including the Revolutionary Socialist Party (RSP) MP N.K. Premachandran, labeled the budget as "narrow-minded" and "anti-federal," stating it failed to offer the necessary support for Kerala's development. They pointed out the absence of provisions for job creation, controlling inflation, and enhancing public health.

- Call for Protests: Leaders in Kerala have announced plans to hold protests against the budget, arguing that it neglects the state's needs and does not allocate resources fairly.

In summary, the Union Budget 2024-25 has been met with criticism for its disregard of Kerala's specific needs and requests, leaving state leaders deeply unsatisfied with what they view as the neglect of their state's developmental priorities.

17) Karnataka

- Major Expenditures: The central government has dedicated a considerable amount of money to infrastructure development in Karnataka, especially focusing on enhancing road and rail networks to boost transportation and economic prosperity in the region.

           

karnataka

- Improvements to Railways: The state is poised to see enhancements in railway infrastructure, which will boost connectivity and make it easier for goods and people to move.

- Enhancement of Water Supply and Sanitation: The budget has made provisions for bettering water supply and sanitation services in both cities and rural areas, aiming to address critical issues in these areas.

- Evaluations from State Officials

- Optimistic View: Siddaramaiah, the Chief Minister of Karnataka, has given a thumbs up to the budget, noting its emphasis on infrastructure and development. He is hopeful that the resources allocated will have a significant positive impact on the state's economy.

- Challenges from Opposition: Opposition figures have voiced concerns over whether the budget does enough to cater to the specific demands of the local populace, including a need for more resources in agriculture and social welfare initiatives.

- Final Outcome: The budget for 2024-25 shows a dedication towards boosting infrastructure and connectivity in Karnataka, with a large sum of funds allocated to improve transportation and vital services. Although state officials generally support the budget, discussions continue on the necessity for a more holistic approach to address the varied needs of Karnataka's economy and its inhabitants.

18) Tamil Nadu

Here are the major developments for Tamil Nadu from India's Union Budget 2024-25:

# Distribution for Tamil Nadu

- Tamil Nadu's portion of Central revenues has increased from ₹49,754.95 crore to ₹50,873.76 crore under the Union Budget.

- However, the budget fell short of making specific commitments to Tamil Nadu, such as the funding for Chennai Metro Rail Phase 2 or an elevated highway connecting Tambaram and Chengalpattu, which was sought by the state government.

                   

Tamil Nadu

# Feedback from Tamil Nadu Officials

- Chief Minister M.K. Stalin has described the Union Budget 2024-25 as a "great betrayal" for Tamil Nadu, suggesting it seems like a "partnership deal" with the rulers of Bihar and Andhra Pradesh for political gains.

- Stalin was critical of the meager funds allocated for disaster relief in Tamil Nadu, in spite of the state submitting a comprehensive proposal for ₹37,000 crore. Meanwhile, Bihar alone secured ₹11,500 crore for disaster relief efforts.

#Effect on Tamil Nadu

- The introduction of five programs and initiatives aimed at creating jobs, providing skills training, and supporting small and medium-sized enterprises (MSMEs) is expected to positively affect Tamil Nadu, which is a leading industrial state boasting the highest number of factories.

- Tamil Nadu is a leading market for education loans, and the announcement of financial backing for loans up to ₹10 lakh for domestic universities is anticipated to be beneficial for the state.

- The reduction in customs duties on gold and silver is also likely to be advantageous for the state's residents.

In essence, while some aspects of the Union Budget could have a positive effect on Tamil Nadu, the state government has expressed frustration over the absence of targeted allocations for major projects and what it perceives as the unequal treatment of Tamil Nadu compared to other states.

19)  Assam

# Key News Updates from India's Union Budget 2024-25 for the Indian state of Assam:

#Main Grants

                              

Asam

- Infrastructure Advancements: The Union Budget has set aside ₹1,500 crore for the advancement of infrastructure in Assam. This money is targeted at boosting links and aiding in various infrastructure projects throughout the state.

- Managing Floods: Assam has gotten a major portion of the budget for its flood control efforts, showing the Indian government's dedication to tackling the ongoing issue of floods in the area.

- Boosting Farming: The budget includes measures for the growth of agriculture, which is essential for Assam given its strong agricultural base.

# Feedback from State Authorities

- Encouragement from Officials: Assam's State Governor Himanta Biswa Sarma has been supportive of the budget, pointing out the funding for infrastructure and flood management as critical for the state's progress. He anticipates these efforts will lead to better living conditions and economic expansion.

- Requests for Additional Aid: Although the budget has been warmly received, some local officials have requested more assistance in areas such as education and health, stressing the importance of a holistic approach to development.

# Overall Effect

The Union Budget 2024-25 demonstrates a commitment to improving infrastructure and tackling flood issues in Assam, with significant funds directed towards better connectivity and agricultural growth. While state officials have expressed appreciation for these measures, there are discussions underway about the necessity of additional funding to cater to the varied requirements of Assam's economy and its people.

20) Chhatisgarh

- The 2024-25 Union Budget for India shows no particular details or projects for Chhattisgarh. The search outcomes are mainly on the broader budget news and comments from leaders in other states like Andhra Pradesh and Bihar.

Chhatisgarh

- There are no responses or feedback from Chhattisgarh's political figures on how the budget will affect the state.

- The budget focuses on key areas such as infrastructure, manufacturing, and creating jobs for the country, but there are no major programs or funding for Chhattisgarh.

- The budget documents and the speech by the Finance Minister are accessible on the Finance Department, Government of Chhattisgarh's website, but these sources don't offer an evaluation of the budget's benefits for Chhattisgarh.

To conclude, the available data indicates that the 2024-25 Union Budget for India hasn't announced any significant plans for Chhattisgarh. Further information from Chhattisgarh's state government sources would be necessary to understand how the budget will support Chhattisgarh's development goals and the feedback of its political leaders.