The first session of the 18th Lok Sabha, which ended earlier this month, was marked by heated arguments between the ruling party and the opposition on several topics. Despite ongoing disagreements between the ruling and opposition parties, the upcoming Budget session of Parliament, starting Monday, will address 5 Bills but won’t cover major economic laws. …
Finance Minister Nirmala Sitharaman took part in the ‘Halwa’ ceremony on July 16, 2024, marking the final stage of the preparation for the Union Budget 2024-25. This annual event was held at the Finance Ministry headquarters in North Block, Delhi. Let’s understand the Purpose of the ‘Halwa Ceremony’ Before Each Budget. The Significance of the …
The upcoming budget is highly anticipated, with many stakeholders hoping for measures to address current economic challenges and propel India’s growth trajectory. Here’s a breakdown of some of the most prominent expectations: Taxation: Relief for the Middle Class and Salaried Individuals After the lack of major tax announcements in the Interim Budget earlier this year, …
Industry Seeks Continued Investment in Infrastructure The Indian railway industry has urged the government to maintain its focus on capital expenditure (capex) in the upcoming budget on July 23rd. Industry believes continued investment is crucial for growth. Key personnels of Rail sector companies emphasised the importance of prioritising the creation of dedicated economic corridors announced …
Ayushman Bharat Scheme Expansion In a move that could significantly benefit senior citizens, the Modi government is expected to expand the coverage of the Ayushman Bharat Health Insurance Scheme in the upcoming Union Budget 2024-25, which Finance Minister Nirmala Sitharaman is set to present on July 23. Sources indicate that the scope of the scheme …
As Prime Minister Narendra Modi’s government embarks on its third term, the first Union Budget will be presented by Finance Minister Nirmala Sitharaman on July 23, 2024. This Budget marks an important milestone as it will be Sitharaman’s seventh consecutive Budget presentation, surpassing Morarji Desai’s record of six. The session is set to convene from …
The Indian real estate sector has witnessed significant growth in recent quarters, and with Budget 2024 on the horizon, there is a palpable sense of optimism. Industry stakeholders are eager to see the government implement favourable policies and allocate resources effectively to further strengthen the sector’s progress and stimulate economic activity. Key Policy Expectations: A …
The upcoming Union Budget in July 2024 is a highly anticipated event in India, generating a buzz of expectations and predictions from various sectors. As Finance Minister Nirmala Sitharaman prepares to unveil the Modi government’s first full budget for its third term, key stakeholders are eager to understand the government’s plans to address pressing economic …
As the political landscape gears up for the 2024 Lok Sabha elections in India, discussions surrounding the country’s financial planning take centre stage. Central to this discourse are the distinctions between the interim budget and the full union budget, two crucial fiscal documents that guide the nation’s economic trajectory. Finance Minister Nirmala Sitharaman is set …
As the Income Tax filing deadline approaches on July 31, 2024, it’s crucial for taxpayers to understand the intricacies of ITR filing, including income tax slab rates and deductions under both old and new tax regimes. With the right knowledge, you can optimise your tax returns and ensure compliance with the latest regulations. This comprehensive …
