Stay tuned for live updates on the expectations for the budget 2024.
The Union Finance Minister, Nirmala Sitharaman, is set to present the complete budget for the Narendra Modi 3.0 government on July 23, 2024. The Budget session for the current year is scheduled to commence on July 22nd and conclude on August 12. Attention is focused on Budget 2024, eagerly awaiting potential income tax relief for salaried and individual taxpayers. Meanwhile, analysts anticipate a significant increase in the distribution of government schemes like PM-Kisan, which has the potential to boost the rural economy.
Additionally, Indians are actively seeking measures to stimulate job creation and pave the way for India to become a $5 trillion economy. In addition, there have been discussions about including petrol, diesel, LPG, and other oil & gas products under GST.
Meanwhile, industry insiders anticipate that the government will introduce initiatives to boost the rural economy and allocate sufficient funds for the development of agricultural infrastructure. Pre-budget expectations are being voiced by different sectors and industries, each with their own demands for this highly anticipated Budget, which President Droupadi Murmu has described as “historic.”
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