Top 100 News: Likely Chaos in Parliament Today Over Union Budget 2024 | ABP News

Finance Minister Nirmala Sitharaman unveiled the Union Budget on Tuesday, meeting the expectations set by Narendra Modi's administration. The budget aimed to provide benefits across all economic sectors, notably enhancing relief for taxpayers under the new tax regime through increased standard deductions. However, the hike in short and long-term capital gains taxes and the removal of indexation benefits led to some discontent. Sitharaman emphasized job creation, skill development, and support for the middle class. The budget includes incentives for staff training companies, reduced corporate tax for foreign firms, affordable higher education loans, and doubled Mudra loans for small businesses. The new tax regime changes will save salaried individuals ₹17,500 annually, and family pension deductions have been raised to ₹25,000, benefiting about 40 million people.