Interim Budget 2024: ₹1 Lakh Crore Corpus Introduced with Zero Interest Rates

 

The Interim Budget 2024 introduces a groundbreaking ₹1 lakh crore corpus, facilitated by a 50-year interest-free loan, aimed at providing long-term financing with extended tenures and minimal or no interest rates.

Nirmala Sitharaman announces the launch of a new technology initiative to bolster deep tech advancements, particularly in the realm of defence, showcasing a commitment to technological innovation in national security.

Finance Minister Sitharaman introduces a paradigm shift, stating that FDI now stands for 'First Develop India.' Emphasizing bilateral trade treaties, the government aims to encourage and boost Foreign Direct Investments (FDIs) as a pivotal aspect of the economic agenda.

With the emphasis on technology-driven initiatives, Sitharaman's budget reflects a forward-looking economic vision, promoting innovation, deep tech advancements, and a revamped perspective on FDI to position India as a global tech hub.

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