Budget

Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes…

In a meeting with Union finance minister Nirmala Sitharaman on Friday as part of consultations ahead of the annual budget for 2024-25, they also urged higher allocations to strengthen the Agricultural and Processed Food Products Export Development Authority (APEDA), a government export trade promotion body. The upcoming full-year budget is expected to be presented in…

Even though collation politics may make it challenging to pass legislation on the more ambitious parts of the government reform agenda in areas like agriculture, land, labour, and judicial, experts believe that no substantial policy changes could be proposed during the Budget. “We strongly believe (and hope) that there will not be substantial changes in…

Edited excerpts: What are your key expectations from the Union Budget 2024? Do you expect growth-oriented measures or populist ones? As we approach Budget 2024, we anticipate a continued focus on advancing India’s digital public infrastructure, which is essential for achieving the $5 trillion economy dream. Enhanced government initiatives for financial inclusion, smart cities, AI…

However, there has been no official announcement regarding the date of the Budget 2024 presentation. Investors and entrepreneurs in the startup sector are anticipating a more favorable business environment with enhanced regulatory and tax measures for startups. Given that most startups are facing challenges in raising capital, the upcoming budget might provide incentives for investors…

Among the key sectors, India’s agriculture sector is expected to grow at a rate of six per cent in the current fiscal 2024-25 (FY25). Experts say that the farm and agri sector has grappled with strenuous challenges such as drought, adverse weather conditions, the impact of climate change, and inflationary pressures. Also Read: Russia’s crude…

As the Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2025 in July, several stakeholders have urged Finance Minister Nirmala Sitharaman to provide tax relief for salaried employees. The Union Budget 2024-25 is expected to be presented in Parliament on July 23 or 24. Budget expectations Salaried…

The increase in allocations may range between 5% and 10% of the FY24 (revised estimate) level of ₹2.64 trillion, the people added.  While that is a moderate raise, it would still be a fair bit higher than the 3% increased allocation proposed in the interim budget. The modest raise is being considered as the government…

NEW DELHI:The upcoming budget for 2024-25 will unveil major economic reforms and present a roadmap for Viksit Bharat, the government’s push to propel India towards ‘developed nation’ status by 2047, President Droupadi Murmu said addressing the joint session of Parliament on Thursday. “Along with significant economic and social decisions, this budget will include many historic…

The Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2024-25 in July. Several stakeholders from the education sector voiced their expectations from Finance Minister Nirmala Sitharaman. The Union Budget for this financial year, comprising estimated receipts and expenditures of the government in various sectors, is expected to…