union budget 2024

Budget 2024: Hospitality sector bats for industry status, GST reduction, cites substantial GDP & forex contributions

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Budget 2024: Hospitality sector bats for industry status, GST reduction, cites substantial GDP & forex contributions

The hospitality sector should be given the status of an industry in the upcoming Union Budget to accelarate growth, senior executives from the sector told LiveMint. The sector has made “substantial contributions” to the nation’s gross domestic product (GDP), is labour and capital intensive, and brings in foreign exchange revenues, they pointed out. “The industry’s … Read more

Budget may hike tax on F&O trading. Here’s what it could mean

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Budget may hike tax on F&O trading. Here's what it could mean

The finance ministry plans to impose higher taxes on futures & options (F&O) transactions in the upcoming Union Budget, as per recent reports. Proposed changes include reclassifying these transactions as ‘speculative income’ from ‘non-speculative business income’ and potentially introducing TDS on them. This news has unsettled the trader community. Let us understand why. Derivatives are … Read more

Budget 2024: Real-estate sector hopes for high rebates, GST rate reductions, and other reforms | Check wishlist here

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Budget 2024: Real-estate sector hopes for high rebates, GST rate reductions, and other reforms | Check wishlist here

As Union Finance Minister Nirmala Sitharaman is all set to table the Budget 2024-25 in the third week of July, India’s real estate sector hopes for a series of reforms and incentives that can drive growth and address longstanding challenges. Expectations range from increased rebates on home loan interest rates, GST rate reductions, single-window clearance … Read more

Budget 2024: Affordable loans, investment in research & digital infra—education sector’s wish list for FM Sitharaman

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Budget 2024: Affordable loans, investment in research & digital infra—education sector's wish list for FM Sitharaman

The Union Finance Ministry is gearing up to present the full Union Budget for the fiscal year 2024-25 in July. Several stakeholders from the education sector voiced their expectations from Finance Minister Nirmala Sitharaman. The Union Budget for this financial year, comprising estimated receipts and expenditures of the government in various sectors, is expected to … Read more

Budget 2024: Motilal Oswal expects fiscal deficit target may be lowered to 5% for FY25, spending could be hiked

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Budget 2024: Motilal Oswal expects fiscal deficit target may be lowered to 5% for FY25, spending could be hiked

Even though collation politics may make it challenging to pass legislation on the more ambitious parts of the government reform agenda in areas like agriculture, land, labour, and judicial, experts believe that no substantial policy changes could be proposed during the Budget. “We strongly believe (and hope) that there will not be substantial changes in … Read more

Budget 2024: Agri sector bats for exports worth $100 billion, long-term farmer credit; 5 key expectations

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Budget 2024: Agri sector bats for exports worth $100 billion, long-term farmer credit; 5 key expectations

Among the key sectors, India’s agriculture sector is expected to grow at a rate of six per cent in the current fiscal 2024-25 (FY25). Experts say that the farm and agri sector has grappled with strenuous challenges such as drought, adverse weather conditions, the impact of climate change, and inflationary pressures. Also Read: Russia’s crude … Read more

Budget 2024: A look at what corporate India expects from FM Nirmala Sitharaman — tax relief, higher capex & more

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Budget 2024: A look at what corporate India expects from FM Nirmala Sitharaman — tax relief, higher capex & 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

Budget 2024 | Finance Ministry may cut income tax for lower-income individuals, first such move in seven years: Report

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Budget 2024 | Finance Ministry may cut income tax for lower-income individuals, first such move in seven years: Report

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

Budget 2024: Profits from F&O segment may be moved to ‘speculative income’, to attract higher tax rate: Report

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Budget 2024: Profits from F&O segment may be moved to ‘speculative income’, to attract higher tax rate: Report

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

Budget 2024: Will Finance Minister Nirmala Sitharaman increase income tax exemption limit?

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Budget 2024: Will Finance Minister Nirmala Sitharaman increase income tax exemption limit?

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