Budget 2024: Union Finance Minister Nirmala Sitharaman is presenting her seventh Union Budget for 2024-2025, bringing significant relief for employed individuals.
Union Budget 2024-2025: Major Announcements for Employment by Finance Minister Nirmala Sitharaman
Union Finance Minister Nirmala Sitharaman is presenting her seventh Union Budget for 2024-2025. During this, a big announcement has been made for the employed people. Finance Minister Sitharaman said in her budget speech that the government will give the first month's salary to the people getting employment in the organized sector.
Both the employee and the employer will be given help. Apart from this, the government will also contribute to EPFO in the first 4 years of employment. Under this, the government will assist with Rs 3000 every month to the employer. Apart from this, the government said on Tuesday that it will start three employment-related schemes.
Budget 2024 Live Updates
CategoryAnnouncementYouth Employment IncentivesGovernment to contribute one month's PF for 30 lakh youth entering the job market.Women's Workforce ParticipationEstablishment of hostels for working women to promote their participation in the workforce.Climate-Friendly AgricultureFunding to the private sector and experts for developing climate-friendly seeds.Rural Employment SchemeContinuation of MNREGA to provide 100 days of employment per year to at least one member of every household.
The Government will launch three schemes related to employment
Union Budget 2024-25 Highlights: Major Incentives for Youth and Women in the Workforce
In the Union Budget 2024-25 presentation at the Lok Sabha, Finance Minister Nirmala Sitharaman announced significant incentives to support the youth entering the job market. The government will contribute one month's PF for 30 lakh young individuals starting their careers.
To boost women's participation in the workforce, the government will establish hostels for working women across the country. Additionally, funds will be allocated to the private sector and experts to develop climate-friendly seeds, enhancing sustainable agricultural practices.
The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) will continue to ensure 100 days of employment annually to at least one member of every household.
Stay informed on how these budget initiatives can impact employment, women's workforce participation, and sustainable development.
What did the Finance Minister say?
Union Budget 2024-25: Major Allocations for Education, Employment, and Skills Development
Following the BJP's victory in the 2024 general elections, Finance Minister Nirmala Sitharaman presented the Union Budget 2024-25 in the Lok Sabha, announcing a significant allocation of Rs 1.48 lakh crore for education, employment, and skills development.
Here’s a table summarizing the key points of the Union Budget 2024-25 announcements:
CategoryDetailsTotal AllocationRs 1.48 lakh crore for education, employment, and skills development.Prime Minister's Package5 schemes and initiatives with a central outlay of Rs 2 lakh crore.Target Beneficiaries4.1 crore youth over the next 5 years.Key Budget ProvisionRs 1.48 lakh crore allocated specifically for education, employment, and skill development this year.
Sitharaman unveiled a comprehensive PM package comprising 5 schemes and initiatives aimed at employment generation, skill development and providing opportunities for 4.1 crore youth over the next 5 years, with a central outlay of Rs 2 lakh crore.
This year's budget provision includes a provision of Rs 1.48 lakh crore for advancing education, employment and skill development sectors.
Stay updated on these transformational Budget initiatives and understand how they can impact education, employment opportunities and skill enhancement across the country.
https://twitter.com/FinMinIndia/status/1815649355128570050
Record in the name of Nirmala Sitharaman
Budget 2024 SpeechFinance Minister Nirmala Sitharaman Set to Make History with Seventh Consecutive Union Budget for 2024-25
Finance Minister Nirmala Sitharaman is poised to make history by presenting her seventh consecutive Union Budget for the financial year 2024-25. This achievement will surpass the record held by former Prime Minister Morarji Desai, although Desai still holds the record for the most budget presentations overall.
AspectDetailsHistoric AchievementNirmala Sitharaman will present her seventh consecutive Union Budget for the financial year 2024-25.Previous RecordWill surpass the record of former Prime Minister Morarji Desai for consecutive budget presentations.Record HolderMorarji Desai still holds the record for the most budget presentations overall.
Turning 65 next month, Sitharaman has been serving as India's first full-time female Finance Minister since 2019. This year, as Prime Minister Narendra Modi leads the government for a second consecutive term, Sitharaman continues her role, having already presented six budgets, including an interim one in February.
Stay updated on her historic budget presentation and its implications for the financial year.
AspectDetailsUpcoming MilestoneNirmala Sitharaman will turn 65 next month.RoleServing as India’s first full-time female Finance Minister since 2019.Current GovernmentServing during Prime Minister Narendra Modi’s second consecutive term.Budget PresentationsHas already presented six budgets, including an interim budget in February of this year.
https://bit.ly/4cMqYV0
Post a Comment