Sitharaman, who has already presented five annual Budgets, will be unveiling an interim Budget for fiscal 2024-25 on February 1 in the Lok Sabha. It will be the last major economic document before the next general elections.
Industry says that it is imperative for the government to take measures to boost economic growth in the country as India marches towards becoming the third largest economy in the coming years.
Industry body CII has suggested launch of National Mission for Advanced Manufacturing to enhance quality and productivity in manufacturing.
India Inc wants Finance Minister Nirmala Sitharaman to announce more measures in her interim Budget for fiscal 2024-25. Industry also calls for increased capital expenditure outlay. Sitharaman had indicated that it would be a vote-on-account. Expectations include reduced customs duty on medical device imports. The forthcoming budget is viewed as pivotal for Geographic Information Systems (GIS).
Last year home loan borrowers witnessed significant jump in their EMIs. However, the new year 2024 is likely to bring good news for them. Experts predict that there may be a reduction of 50 bps or more in interest rates to benefit home loan borrowers. Moreover, there are many steps that you can take to ensure that you saving is much more than the fall in interest rate.
Home Loan Trends A Year End Recap 2024 Outlook - BW Businessworld businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.