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Over the years, GST has continued to remain the focal point in India’s economic discussions. Union Finance Minister Nirmala Sitharaman is expected to consider the GST figures this time as well, as she gears up to table the Union Budget 2024-25 in the Parliament on July 23.
The jewellery industry is eagerly looking forward to potential duty cuts on gold, silver, diamonds, and platinum as part of the upcoming 2024-25 Budget, set to be presented by Finance Minister Nirmala Sitharaman on July 23.
The Union Budget 2024 should focus on offering relief to taxpayers, especially in the lower income brackets, to stimulate consumption, industry players suggested.
Finance Minister Nirmala Sitharaman is poised to present the Union Budget 2024-25 on July 23. Senior citizens, in particular, are looking forward to potential announcements that could impact their financial landscape.
The President of FKCCI submitted the Pre-Budget Memorandum 2024 to Hon’ble Finance Minister Smt. Nirmala Sitharaman
As Finance Minister Nirmala Sitharaman prepares to present the first Budget in the third term of the BJP-led NDA government on July 23, policymakers are pushing for a revision in indirect tax rates to give a fillip to flagging consumption.
India’s pharmaceutical companies are hoping for tax incentives and financial assistance for research on innovative drugs as Prime Minister Narendra Modi’s government readies a federal finance budget likely to be presented in July.
The government is reportedly considering a proposal to increase the tax-deductible limit on interest income from savings accounts to Rs 25,000. With the Budget 2024 date set for July 23, the proposal, put forth by banks during a recent meeting with key finance ministry officials, aims to provide deposit incentives amidst concerns over the widening credit-deposit ratio, claimed an Economic Times report.
The Pre-Budget consultations for Union Budget 2024-25 that started from 19th June 2024 onward in the Ministry of Finance and chaired by Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman, concluded on 5th July 2024.
Ahead of the Union Budget, the department for promotion of industry and internal trade or DPIIT has mooted the removal of angel tax on startups, but the final view in this matter will be taken by the finance ministry, a source privy to development said on Friday.