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.
The consideration comes as the electronics and information technology ministry in India is fine-tuning a proposal, aiming to include the potential duty cuts in the upcoming interim budget on February 1.
Official data suggests the centre's capital expenditure between April and September 2023 reached 49 per cent of its budgeted target of Rs 10 lakh crore for the fiscal year.
Union Budget 2024: Amidst soaring steel imports hitting record highs, India s steel industry braces for the upcoming interim budget s potential support. The surge, primarily from China via Vietnam, sparks concerns among local steel producers. Anticipated safeguard measures and the revamped PLI scheme 2.0 highlight the sector s expectations for government intervention.