Interim Budget 2024 Date and Time: What is an Interim Budget? Why Finance Minister Nirmala Sitharaman is presenting an Interim Budget this year? Scroll down to get answers to all your questions.
Budget 2024 Expectations Live News Updates: When the Finance Minister, Nirmala Sitharaman, presents her sixth consecutive Budget on February 1, it is anticipated that she will focus on boosting the rural economy and promoting consumption while managing inflation. Experts suggest that enhancing people s disposable income can contribute to increased consumption. Various strategies can be employed to achieve this goal, such as reducing the tax burden through adjustments to the standard deduction or tax slabs.
Experts suggest that it presents an opportunity to address this gap, potentially increasing healthcare allocation to 2.5% of GDP from 1.6% at present, as recommended by the NITI Aayog
Given that the economy has done well in an otherwise inflationary environment, some changes may still be announced to provide for removing anomalies if any in existing provisions and increasing savings in the hands of the common taxpayer.