As the Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2025 in July, several stakeholders have urged Finance Minister Nirmala Sitharaman to provide tax relief for salaried employees. The Union Budget 2024-25 is expected to be presented in Parliament on July 23 or 24. Budget expectations Salaried … Read more
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more
In a meeting with Union finance minister Nirmala Sitharaman on Friday as part of consultations ahead of the annual budget for 2024-25, they also urged higher allocations to strengthen the Agricultural and Processed Food Products Export Development Authority (APEDA), a government export trade promotion body. The upcoming full-year budget is expected to be presented in … Read more
Union Budget 2024: The Prime Minister Narendra Modi-led government is contemplating measures worth over ₹50,000 crore ($6 billion) to boost consumption in India’s upcoming Union Budget. This includes potential tax cuts for lower income individuals, marking the first such cuts in seven years, sources told Bloomberg. Finance Ministry officials are evaluating proposals to reduce taxes … Read more
The upcoming Union Budget is expected to propose changes in the tax treatment of income from futures and options (F&O) segment with an aim to discourage retail participation in the derivatives trading, a report said. Along with various options, the government is said to consider moving income from F&O trading from the head of ‘business … Read more
Finance Minister Nirmala Sithraman’s Budget 2024 has raised many expectations since this is the start of the third term for the Modi Government. Reuters reported that the upcoming first full-fledged Budget 2024 of Modi 3.0 is expected to relieve taxpayers, as the government considers reducing income tax rates for specific groups of individuals. The report … Read more
With the dawn of Modi 3.0, all eyes are eagerly set on the upcoming Union Budget of 2024, slated for presentation in July. Anticipation runs high among industries, farmers, taxpayers, and the middle class alike, as they await potential boosts and tax reliefs from Finance Minister Nirmala Sitharaman. As the first budget of this new … Read more
Finance Minister Nirmala Sitharaman is likely to conduct the upcoming pre-budget consultations with industry stakeholders on Thursday, June 20, 2024. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources told news agency PTI that the pre-budget consultation with the finance minister would be preceded … Read more
Union Budget 2024: The Union Budget 2024 will likely be presented by Finance Minister Nirmala Sitharaman in the Parliament on July 22, News18 reported, citing government sources. The Economic Survey document is likely to be released on July 3, according to the report. This will be the full Union Budget announcement by the government. An … Read more
Finance Minister Nirmala Sitharaman has refuted media reports that said the new government will bring some sweeping changes in the income tax system after the Lok Sabha election results. The finance minister took to social media platform ‘X’ and said, ‘’Wonder where this is come from. Was not even double checked with Finance Ministry. Pure … Read more