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Mobile phones and these medicines will be cheaper
Budget 2024 Speech Live: Union Finance Minister Nirmala Sitharaman announced customs duty exemption for 3 more medicines for cancer patients. Also, in the case of mobile phones and related parts, the government has proposed to reduce the basic customs duty on mobile phones and chargers by 15 per cent.
Fiscal deficit estimated to be 4.9%
-The Finance Minister said in the budget speech that the fiscal deficit is estimated to be 4.9% of GDP in FY 2025.
-Total expenditure in FY25 is estimated at Rs 48.21 lakh crore
– Net tax collection is estimated at Rs 25.83 lakh crore in FY 2025
– Debt is estimated to be Rs 11.63 lakh crore in FY 2025
Allocation of Rs 11.11 lakh crore for capital expenditure
The government has made a big announcement for infrastructure. Union Finance Minister Nirmala Sitharaman said that Rs 11.11 lakh crore has been allocated for capital expenditure. It is worth noting that this will be 3.4 percent of India's GDP.