Budget 2024-25 Exclusive: Sanjay Kumar Agarwal, Chairman, CBIC & Ravi Agarwal, Chairman, CBDIT

Finance Minister Nirmala Sitharaman presented her record seventh consecutive Union Budget 2024-25 on July 23. Key highlights include increased standard deductions and revised tax rates for salaried individuals under the new tax regime, along with cuts on customs duties for gold, silver, mobile phones, and other goods. The Centre's FY25 capital expenditure is projected at ₹11.1 lakh crore, unchanged from the Interim Budget, with infrastructure spending at 3.4% of GDP. Special attention is given to MSMEs and the manufacturing sector, with the Mudra loan limit increased from ₹10 lakh to ₹20 lakh for previous borrowers, and a ₹2.66 lakh crore provision for rural development. Watch Siddharth Zarabi, Managing Editor, Business Today TV in conversation with Sanjay Kumar Agarwal, Chairman, CBIC & Ravi Agarwal, Chairman, CBDIT