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Budget 2024-2025: Key takeaways from FM Nirmala Sitharaman’s interim budget speech

According to Sitharaman, India’s economy, which is the fastest growing among major nations, is experiencing significant transformation.

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The key takeaways from the Finance Minister Nirmala Sitharaman’s interim budget 2024-2025 speech are:

  1. The government aims to make the country Viksit Bharat by 2047. Our Government is working with an approach to development that is all-round, all-pervasive and all-inclusive, Sitharaman said.
  2. PM-SVANidhi has provided credit assistance to 78 lakh street vendors.  From that total, 2.3 lakh have received credit for the third time, she said.
  3. India’s economy, the fastest growing among major nations, is going through profound change, Sitharaman said.
  4. The government is focused on more comprehensive GDP, governance, development, and performance, Sitharaman said.
  5. The Finance Minister said PM-JANMAN Yojana reaches out to the particularly vulnerable tribal groups, who have remained outside the realm of development so far.
  6. The government has lifted 250 million people out of poverty in a decade. The crop insurance scheme aims to benefit 40 million farmers.
  7. PM-Vishwakarma Yojana provides end-to-end support to artisans and craftspeople engaged in 18 trades. The schemes for empowerment of Divyangs and Transgender persons reflect the firm resolve of our Government to leave no one behind, she said.
  8. According to Sitharaman, India’s economy, which is the fastest growing among major nations, is experiencing significant transformation.
  9. Sitharaman stated that the government is prioritizing a holistic GDP approach, encompassing governance, development, and performance.
  10. Tax reforms have widened the tax base and increased tax collections, Sitharaman said.
  11. The government will launch a new scheme to strengthen deep tech for defence purposes.
  12. The success of self-help groups empowered 1 crore women to become Lakhpati Didis, the government says while presenting Budget 2024.
  13. Tax benefits for startups and investments made by sovereign wealth and pension funds will be extended until March 2025, she said.
  14. Sitharaman said the government will focus on improving tourist infrastructure in the Union Territory of Lakshadweep.
  15. Finance Minister Nirmala Sitharaman announced in her interim Budget 2024 speech that the government will make substantial investments in the country’s tourism sector.
  16. Nirmala Sitharaman announced that the government will be building 20 million affordable houses in the next five years, alongside the 30 million houses already constructed.

India News

West Bengal Governor dissolves Assembly amid political transition 

Governor R N Ravi dissolved the West Bengal Assembly after the 2026 poll results, with the BJP securing a majority in the state elections.

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The West Bengal Legislative Assembly was dissolved following the conclusion of the 2026 Assembly elections, in which the Bharatiya Janata Party secured a clear majority in the state.

Governor R N Ravi issued the order dissolving the Assembly as the state prepared for the transition of power after the election results. According to reports, the BJP won 207 seats in the 294-member Assembly, while the Trinamool Congress secured 80 seats.

Chief Minister Mamata Banerjee questioned the election outcome and alleged irregularities in the poll process, claiming the mandate had been “looted”.

The dissolution came as the tenure of the existing Assembly ended on May 7, 2026. The development has sparked political discussions over the formation of the next government in the state.

Meanwhile, Mamata Banerjee held a meeting with newly elected Trinamool Congress MLAs in Kolkata and reportedly raised concerns over internal sabotage during the elections.

The BJP is expected to begin the formal process of government formation in West Bengal after its decisive victory in the Assembly polls.

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Eknath Shinde’s helicopter returns to Mumbai mid-flight due to bad weather

Maharashtra Deputy Chief Minister Eknath Shinde’s helicopter was forced to return to Mumbai after the pilot detected approaching storm conditions during a flight to Thane district.

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Eknath_shinde (1)

A helicopter carrying Maharashtra Deputy Chief Minister Eknath Shinde was forced to return to Mumbai on Thursday after encountering adverse weather conditions during a flight to Thane district.

According to officials, Shinde had departed from Mahalaxmi Racecourse in south Mumbai around 3.30 pm and was travelling to Murbad in Thane district to attend a wedding function related to a party worker’s family.

The helicopter reportedly reached the Airoli area in Navi Mumbai when the pilot noticed an approaching storm and informed the deputy chief minister about the deteriorating weather conditions. Following the alert, the flight was turned back as a precautionary measure.

The helicopter later landed safely at the Pawan Hans facility in Juhu, Mumbai. Officials said Shinde was accompanied by members of his staff, including personal assistant Prabhakar Kale, special executive officer Balsingh Rajput and media adviser Vinay Patrdukar.

The incident comes amid changing weather conditions and storm activity reported in parts of Maharashtra in recent days.

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Nitish Kumar’s son Nishant among 32 inducted in Bihar cabinet expansion

Nishant Kumar entered the Bihar cabinet for the first time as 32 ministers from NDA allies took oath in a major expansion of the state government.

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Bihar government cabinet

A major cabinet expansion took place in Bihar on Thursday, with 32 leaders from the ruling NDA alliance inducted into the state government. Among the prominent names was Nishant Kumar, son of former Bihar chief minister Nitish Kumar, who entered the cabinet for the first time.

The expansion included representatives from all major NDA allies in the state. According to reports, the BJP secured 15 ministerial berths, while JD(U) got 13 positions. Two ministers were inducted from Lok Janshakti Party (Ram Vilas), while Hindustani Awam Morcha and Rashtriya Lok Morcha received one berth each.

The oath-taking ceremony was held in Patna in the presence of senior NDA leaders, including Prime Minister Narendra Modi, Union Home Minister Amit Shah and Defence Minister Rajnath Singh.

Nishant Kumar’s induction comes weeks after he formally entered active politics. His entry into the Bihar cabinet is being viewed as a significant development for JD(U), which had long projected an anti-dynasty image under Nitish Kumar’s leadership.

The cabinet reshuffle follows Nitish Kumar’s move to the Rajya Sabha earlier this year and the formation of the government led by Chief Minister Samrat Choudhary.

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