Dive into the details of the Interim Budget 2024 with significant allocations and responses from key players. Learn more about the impact on various sectors.
The Interim Budget 2024 has brought forth a mix of announcements, keeping the existing tax rates untouched and allocating ₹86000 crores for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). Finance Minister Nirmala Sitharaman's speech outlined the government's focus on growth and employment, aiming to boost the economy and generate job opportunities by increasing capital expenditure. The budget also includes a substantial corpus of ₹1 lakh crore for long-term research and innovation in the defence sector.
Despite maintaining tax structures, the budget garnered positive reactions from industry leaders who viewed it as a prudent mix of policies. Analysts commended the budget for its fiscal prudence, particularly emphasizing the allocation of Rs 1 lakh crore. The emphasis on corporate tax, tourism, and infrastructure signifies the government's economic priorities in the upcoming fiscal year.
Private realtors expressed disappointment with the lack of major announcements affecting the residential real estate sector in the budget. The budget also highlighted reductions in spending on higher education, including allocations for IITs and IIMs. While the budget speech was concise, focusing on governance and development, it sets the stage for forthcoming economic policies and growth strategies.
In response to the budget, India Inc. lauded the government's roadmap for development outlined in the Interim Budget. The focus on infrastructure, income tax, and fiscal deficit reflects the government's commitment to inclusive growth and economic stability.
With allocation of ₹86000 crores for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), the budget for the scheme for the financial ...
The Interim Budget maintains existing rates for direct and indirect taxes. Outstanding direct tax demands up to ₹25000 for the period until FY 2009-10 and ...
Budget 2024: Finance minister Nirmala Sitharaman made no changes in the taxation structure in which can be seen as a relief to taxpayers.
Initial reactions to the Interim Budget 2024 presented by Union Minister For Finance Nirmala Sitharaman in Parliament on February 1 signal a limited ...
In the 2023 -24 Union Budget, the government allocated nearly ₹6 lakh crore to the defence sector, equivalent to over 13% of the total budget.
Finance Minister Nirmala Sitharaman announces a Rs ₹1 lakh crore corpus for long-term financing research and innovation in defence.
Interim Budget 2024 Updates: Finance Minister Nirmala Sitharaman presented her sixth budget, an interim one on February 1, ahead of the Lok Sabha elections ...
Union Budget 2024: The Interim Budget, tabled by Union Finance Minister Nirmala Sitharaman in the new Parliament on Thursday, got a thumbs up from India Inc.
Budget 2024 Highlights: The interim Budget was presented by FM Nirmala Sitharaman in the Lok Sabha today. Read the latest news updates related to interim ...
FM Sitharaman said that the government would take up next-generation reforms to facilitate growth and the next five years will be of unprecedented ...
Updated - February 01, 2024 at 07:40 AM. Union Budget 2024-25 Live Updates | Budget 2024 Announcements: Union Finance Minister Nirmala Sitharaman will present ...
Finance Minister Nirmala Sitharaman revealed the Interim Budget for the fiscal year 2024-2025 setting the tone for India's economic priorities ahead of the ...
Finance Minister Nirmala Sitharaman is all set to announce the interim Budget on February 1, 2024. The regular Union Budget will be presented in July.
To enhance economic growth and generate jobs, the government has increased the capital expenditure by 11.1 per cent in the Interim Budget for 2024.
The Indian government has presented the last budget before the country heads to general elections.
Budget 2024: Mini Nair, Chief Financial Officer (CFO) at Geojit Financial Services, said, "The biggest strength of this budget is the fact that the fiscal ...
In an election year the Finance Minister presented a pragmatic Budget with no giveaways.
BUDGET 2024: The government has allocated a staggering Rs 71148 crore on general economic services and raised spending on defence, and railways, however, ...
In FY25, government spending on higher education is expected to decrease, including allocations for IITs and IIMs.
India's Union Finance Minister Nirmala Sitharaman presented the interim Union Budget on Thursday. With elections around the corner, an interim budget is ...
Union Budget 2024: Finance Minister Nirmala Sitharaman presented her shortest-ever budget speech, focusing on governance, development, and performance.
Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 in the Parliament today, February 1, which kept the major focus on India's ...
Tax benefits to start-ups and investments made by sovereign wealth or pension funds, are expiring on March 31, 2024, which is extended to 31 March 2025.
Revenue collections seen to give comfort to fiscal deficit, capital outlay · Nominal GDP growth pegged at 10.5% in FY25 · Gross tax revenue seen to grow by 11.6% ...
Budget 2024 LIVE: The Interim Budget outlines expenditures and revenues until the formation of a new government.
The reforms introduced by the government for the MSME sector, which employs over 11 crore people, have supported smaller businesses to recover from the impact ...
With lack of any big bang announcements and majority of their demands left untouched, private realtors from the residential real estate sector remain ...
The Modi government has snipped its food subsidy bill while also lowering its fiscal deficit target.
Budget 2024: FM Sitharaman proposes an increase in capital expenditure outlay by 11.1% and a provision of ₹75000 crore as a 50-year interest-free loan to ...
Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman will present Union Budget 2024 on February 1, 2024 and expectations are high on the inf.
Budget 2024: Nirmala Sitharaman emphasized the strengths of the Indian economy and said that the impact of all-round development is discernible in all ...
Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament on Thursday · Budget at a glance · Capital Expenditure.
Finance Minister Nirmala Sitharaman hints at policies for women, youth, farmers, and the poor in the Interim Budget, aiming for inclusive growth and a ...
Stock market experts are bullish on energy stocks following the Indian government's focus on green energy.
Budget 2024: No tax rebates were announced in the Interim Budget, leaving the Indian middle class disappointed.
Budget 2024: Union Finance Minister Nirmala Sitharaman reiterates the commitment to provide free electricity to one crore households through rooftop solar ...
The cut in allocation for FAME-II scheme comes on the back of a reduction in subsidy for electric two-wheelers last year.
The 2024 Budget focuses on fiscal consolidation and maintaining infrastructure spending, with lower fiscal deficit targets and optimistic growth ...
The interim budget signifies a departure from sector-specific handouts, prioritizing fiscal consolidation with a lower-than-expected fiscal deficit.
FM Sitharaman announced a mega INR 1 Lakh Cr corpus for Indian startups and enterprises to fuel R&D in the sunrise sectors.
The move will lead to savings of Rs 15000-18000 annually for each household from free solar electricity and selling the surplus under the programme, ...
Finance Minister Nirmala Sitharaman announced the government's plan to expand and strengthen the EV ecosystem by supporting manufacturing and charging ...
Budget 2024: Corporates across sectors hailed the interim Budget presented by Finance Minister Nirmala Sitharaman, a majority of them asserting that it ...
Even from a capex perspective, the numbers presented are encouraging. At an allocation of ₹11.11 lakh crore for 2024-25, the capital expenditure outlay for ...
Check out all the Interim Budget 2024-25 highlights on tax and regulatory and various sectors announced by the Finance Minister while presenting Interim ...
The interim budget signifies a departure from sector-specific handouts, prioritizing fiscal consolidation with a lower-than-expected fiscal deficit.