In the Union Budget 2024, Finance Minister extended the 50-year interest free loans to state governments for another year, as part of the government s Gati Shakti master plan.
On 1 February 2024, Finance Minister Nirmala Sitharaman will present her interim budget in India s election year. The focus is on making India an attractive destination for foreign investments while maintaining fiscal discipline. Key budget expectations in the Financial Services space include addressing tax implications for Alternate Investment Funds (AIFs) and achieving tax parity among different categories of AIFs.