Due to the impending general elections, Sitharaman's interim budget is not anticipated to introduce significant policy changes., Budget 2024 News, Times Now
As the upcoming election looming on the horizon, the second term of the Modi government is gearing up to present its interim and final budget. This holds significant importance as the 18th Lok Sabha elections are anticipated to take place in May 2024., Budget 2024 News, Times Now
The Interim Budget is presented by the finance minister. While the finance minister of India in 2019 was the Late Mr Arun Jaitley, the previous Interim Budget was presented by Piyush Goyal in lieu of Mr Jaitley’s ill health. Budget 2024: Who Presented Modi Government’s Last Interim Budget? All You Need To Know.
On the expected lines, Sitharaman had already ruled out any “spectacular announcements” ahead of the big day. However, industry leaders across sectors are keenly waiting to see what this vote-on-account or interim budget holds for them.
The 2023 budget set out to achieve two main goals: Incentivising the private sector to create fresh jobs and push growth. And second, increasing the capital expenditure as well as disinvesting the government's stake in the PSUs.