Going by the recent state poll results, FM Nirmala Sitharaman seems to be under no pressure to woo the middle class right away. But she could repeat the 2019 Budget when the maximum limit of the tax rebate was increased to Rs 12500 from Rs 2500. TDS limit on post office savings and bank deposits was hiked from Rs 10000 to Rs 40000.
Budget 2024 LIVE Updates, Union Budget Expectations News: The Budget Session of Parliament is set to begin today, on Wednesday. President Droupadi Murmu will inaugurate the session by addressing a joint sitting. Concurrently, the government has extended invitations to opposition parties, aiming to secure their collaboration for the seamless conduct of proceedings.Conducting a survey on pressing questions confronting the Indian economy, Economictimes.com received over 11,500 responses during its runtime.In anticipation of the Interim Budget, there has been widespread speculation regarding the government s inclination to use this opportunity as a means of garnering votes in the upcoming national elections. However, only 18.5% of our survey participants anticipate populist announcements on budget day. Among the respondents, a significant majority (over 49%) hopes that the interim budget will establish the groundwork for the subsequent full budget, while a notable 26.5% expects the Finance
Union Budget 2024 Expectations: The new government is expected to reveal the entire budget for the fiscal year 2024-25 in July, following the Lok Sabha elections.
Union Budget 2024-25 Expectations Highlights Latest Updates: Finance Minister Nirmala Sitharaman will equal the record of former Prime Minister Morarji Desai when she presents her sixth straight budget on February 1.Sitharaman, the first full-time woman finance minister of the country, has presented five full budgets since July 2019 and will present an interim or vote-on-account budget next week.With the presentation of interim budget on February 1, Sitharaman will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row.Desai, as finance minister, had presented five annual budgets and one interim budget between 1959-1964. The interim budget 2024-25 to be presented by Sitharaman on February 1, will be a vote-on-account that will give the government authority to spend certain sums of money till a new government comes to office after the April-May general elections.The upcoming budget is anticipa
Budget 2024 Expectations LIVE: CII urges linking income tax exemption and rebates to inflation in Budget 2024, along with increased allocation for Pradhan Mantri Awas Yojna.