E-PaperBudget 2024
Budget 2024 Expectations Live: Salaried Class expects higher standard deductions
Budget 2024 Expectations Live Updates: Union Finance Minister Nirmala Sitharaman is set to present the Budget for the fiscal year 2024-25 in the Lok Sabha on July 23.
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SBI unveils MSME Sahaj offering loans within 15 minutes
SBI’s MSME Sahaj is a digital service designed to accelerate invoice financing for small and medium-sized businesses. The entire procedure, from loan application to disbursement, may be performed in 15 minutes, removing the need for manual intervention.
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Long Term Capital Gains Tax: As Budget 2024 draws nearer, a look at LTCG tax and how it applies on different assets
When shares are sold one year after purchase, the gains earned amounting to ₹1 lakh and above are taxed as per the provision of long term capital gains. The rate of tax is 10 percent without indexation benefit.
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Budget 2024: Govt proposes housing scheme for middle class, 2 crore rural houses to get backing
Wooing the middle class ahead of the upcoming general elections, Finance Minister Nirmala Sitharaman on Thursday announced that the government will launch a housing scheme for those who are living in rented accommodations or slums to buy or build their own houses
FM gives a boost to homebuyers on a budget
The government will launch a housing scheme for people living in rented accommodation, slums or unauthorized colonies. The announcement is in line with the government’s ‘Housing for All’ mission
Budget 2024: Some tinkering with standard deduction may happen, says Trupti Agrawal of WhiteOak Capital
Trupti Agrawal of WhiteOak Capital shares her views on the expectations from interim Budget 2024, India’s macro-economic environment, sectors that are likely to get a boost this year, and the need to overlook short-term market movement.
Budget 2024 expectations: Perks for first-time homebuyers, tax sops, industry status top real estate players’ wish list
Real estate leaders seek increased tax slabs, revised affordability caps, and incentives in the upcoming budget. They also advocate for expanding the SWAMIH stress fund and reintroducing GST with an input tax credit, industry status, and perks for first-time homebuyers.
Interim Budget 2024: Will FM address land acquisition hurdles and bureaucratic bottlenecks plaguing stalled projects?
Experts believe that the 2024 budget should implement digitized approval systems and transparency in departmental processes to ease blockades in the Indian real estate sector
Budget 2024 Updates
Budget 2024 Date: The government announced on Saturday that the Budget session of Parliament will begin on July 22 and the Budget will be presented on July 23, 2024. This will be the first Budget for the newly-elected NDA coalition government led by PM Modi. For Finance Minister Nirmala Sitharaman, it will be her seventh presentation of the Union Budget.
The finance minister has concluded her discussions with various representatives of social sectors and different industries. These consultations were conducted from June 19 to July 5. This budget is a major component of Modi 3.0 and the government’s mission for a developed India..
The Budget presentation will be at 11 AM in the Lok Sabha. It will be broadcast on Doordarshan, Sansad TV and the government’s official YouTube channels.
Minister of Parliamentary Affairs, Kiren Rijiju, added on X, “Hon’ble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament for the Budget Session, 2024 from 22nd July, 2024 to 12 August, 2024 (Subject to exigencies of Parliamentary Business). Union Budget, 2024-25 will be presented in Lok Sabha on 23 July, 2024."
Budget 2024 expectations
In her recent address President Droupadi Murmu had shared her vision for the budget and the economic aspect of the country. She said, "This budget will be an effective document of the government’s far-reaching policies and futuristic vision". "Along with major economic and social decisions, many historic steps will also be seen in this budget." This indicates to the country that large steps are going to be taken to achieve the government’s plan. Expected reforms in the Budget include changes in taxation and exemptions in personal income tax. Further, the government is expected to continue with capex boost in infrastructure.