Union Budget 2024 Expectations

Despite the pre-budget hype and multitude of expectations, two principles stand out for the medium and long-term: steadfast adherence to fiscal prudence and a simplified, uniform tax structure devoid of concessions.

India's atomic energy got a positive nudge today with Finance Minister Nirmala Sitharaman saying, "Nuclear energy is expected to form a very significant part of the energy mix for Viksit Bharat."

Budget 2024: Amit Shah thanked the Prime Minister and Finance Minister Nirmala Sitharaman for the "pro-people and pro-development visionary budget".

Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday proposed a reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.

Budget 2024: These projects include the Kosi-Mechi intra-state link and 20 other ongoing schemes, encompassing barrages, river pollution abatement, and irrigation projects.

Budget 2024:Presenting her seventh straight budget, Finance Minister Nirmala Sitharaman on Tuesday said Andhra Pradesh will get support of Rs 15,000 crore to develop its capital.

Finance Minister Nirmala Sitharaman today announced that the government will give one-month's salary to all the new employees entering the workforce. The amount will be provided to the employees as Provident Fund contribution.

Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on Tuesday. The central government is expected to announce significant measures for the welfare and empowerment of women.

Lok Sabha and Rajya Sabha are each likely to have a 20-hour discussion on the Union budget, which Finance Minister Nirmala Sitharaman will present on Tuesday, with the Lower House expected to have separate debates covering ministries.

"We have a lot of expectations from the Modi government, including reduction of GST on Banarasi sarees," Chandanlal, who runs a Banarasi saree business said.

India's middle class expects substantial relief, not mere cosmetic changes It remains to be seen how the Finance Minister will navigate this tricky fiscal challenge.

With expectations of the government's focus on affordable housing in the new budget, the real estate industry is hopeful of a slew of measures to stimulate development in the residential projects segment.

Generally, budgets that follow the interim budgets announced by the same government do not have many changes. There is no reason to expect differences this time, considering the economy is performing well and growing at above 7% for FY25.

More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.

Expecting to close the financial year having laid 5,500 km of new tracks, India is practically adding a new Switzerland to its railway network every year, Union Minister Ashwini Vaishnaw has said.

Despite the pre-budget hype and multitude of expectations, two principles stand out for the medium and long-term: steadfast adherence to fiscal prudence and a simplified, uniform tax structure devoid of concessions.

India's atomic energy got a positive nudge today with Finance Minister Nirmala Sitharaman saying, "Nuclear energy is expected to form a very significant part of the energy mix for Viksit Bharat."

Budget 2024: Amit Shah thanked the Prime Minister and Finance Minister Nirmala Sitharaman for the "pro-people and pro-development visionary budget".

Union Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday proposed a reduction in basic customs duty on gold and silver to 6 per cent and platinum to 6.4 per cent.

Budget 2024: These projects include the Kosi-Mechi intra-state link and 20 other ongoing schemes, encompassing barrages, river pollution abatement, and irrigation projects.

Budget 2024:Presenting her seventh straight budget, Finance Minister Nirmala Sitharaman on Tuesday said Andhra Pradesh will get support of Rs 15,000 crore to develop its capital.

Finance Minister Nirmala Sitharaman today announced that the government will give one-month's salary to all the new employees entering the workforce. The amount will be provided to the employees as Provident Fund contribution.

Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on Tuesday. The central government is expected to announce significant measures for the welfare and empowerment of women.

Lok Sabha and Rajya Sabha are each likely to have a 20-hour discussion on the Union budget, which Finance Minister Nirmala Sitharaman will present on Tuesday, with the Lower House expected to have separate debates covering ministries.

"We have a lot of expectations from the Modi government, including reduction of GST on Banarasi sarees," Chandanlal, who runs a Banarasi saree business said.

India's middle class expects substantial relief, not mere cosmetic changes It remains to be seen how the Finance Minister will navigate this tricky fiscal challenge.

With expectations of the government's focus on affordable housing in the new budget, the real estate industry is hopeful of a slew of measures to stimulate development in the residential projects segment.

Generally, budgets that follow the interim budgets announced by the same government do not have many changes. There is no reason to expect differences this time, considering the economy is performing well and growing at above 7% for FY25.

More tax benefits for health insurance under the new tax regime, relaxation in payment norms for MSMEs and incentives for the agri-tech sector are among the stakeholders' expectations from the first budget of the Modi 3.0 government.

Expecting to close the financial year having laid 5,500 km of new tracks, India is practically adding a new Switzerland to its railway network every year, Union Minister Ashwini Vaishnaw has said.