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The Halwa ceremony, marking the final stage of the preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Finance Minister Nirmala Sitharaman and Minister of State for Finance Dr. Bhagwat Kisanrao Karad.
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Analysts say the interim budget may have good news on the income tax exemption limit, announcements regarding the taxation on the Employees' Provident Fund Organisation, a boost to the FAME scheme, which incentivises Electric Vehicles (EV) manufacturers, increased allocation to PM Kisan, etc