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The Budget 2024 announced new income tax slabs and changes, including abolishing Angel tax for startups and a 15% duty cut on mobile phones and accessories. FM Sitharaman also launched a Solar Scheme for 1 crore homes and introduced NPS Vatsalya for parents to save for their kids. Additionally, there is Rs 2.2 lakh crore allocated for PM Awas Yojna, a special fund for flood mitigation projects for 5 states, and Rs 1.48 lakh crore for education and employment. FM also announced 12 industrial parks. Several politicians and analysts have varying opinions on the budget, with some terming it as ‘underwhelming’.
Mumbai Rains: Mumbai under siege by heavy rains: IMD issues red …
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