budget 2024 expectations

Surcharge rates under both tax regimes should be brought at par in Budget 2024, says Deepashree Shetty of BDO India

by
Surcharge rates under both tax regimes should be brought at par in Budget 2024, says Deepashree Shetty of BDO India

In Budget 2024-25, Finance Minister Nirmala Sitharaman is likely to raise the basic exemption limit under the old tax regime after a hiatus of 10 years, says Deepashree Shetty, Partner, Global Employer Services, Tax & Regulatory Services, BDO India, in an interview with MintGenie. Other changes in Budget 2024 that come in her ‘should happen’ category include rationalisation … Read more

Environmental, Social, and Governance: Key expectations from the Union Budget 2024-25

by
Environmental, Social, and Governance: Key expectations from the Union Budget 2024-25

As the Hon’ble Finance Minister Nirmala Sitharaman prepares to present the comprehensive union budget for 2024-25 on July 23, 2024, various sectors are abuzz with expectations for significant policy changes and financial allocations. Environment, Social and Governance (ESG) is not only vital to enable sustainability and resilience for the fast growing economy of India, but … Read more

Budget 2024 expectations: From tax cuts to rural sops- 5 top brokerages share what the Union Budget could reveal

by
Budget 2024 expectations: From tax cuts to rural sops- 5 top brokerages share what the Union Budget could reveal

Union Finance Minister Nirmala Sitharaman will present the Budget 2024 on Tuesday, July 23, amid high hopes for a pro-growth Budget, which may also include populist measures aimed at boosting consumption and the rural sector economy. Experts are largely convinced that the government will not shift its focus away from fiscal consolidation. Moreover, it may … Read more

Can Budget 2024 pave the way for easier MSME loans?

by
Can Budget 2024 pave the way for easier MSME loans?

The country is abuzz with expectations for Budget 2024, eagerly awaiting Finance Minister Nirmala Sitharaman’s presentation on July 23rd. Ahead of Budget 2024, there is a strong consensus among MSME stakeholders for significant reforms. Key expectations include increasing the credit guarantee fund for MSMEs.There is also a push for interest subvention schemes to lower borrowing … Read more

Budget 2024: Central govt employees may get 50% of last- drawn salary as pension under NPS, says report

by
Budget 2024: Central govt employees may get 50% of last- drawn salary as pension under NPS, says report

Budget 2024:As the Finance Ministry is gearing up to present the full fiscal year budget for 2024-25, the National Democratic Alliance (NDA) government isconsidering offering 50 per cent of the last salary drawn as pension under the National Pension System (NPS) to central government employees, according to a report by the Times of India. This … Read more

Week Ahead: Inflation data, Q1FY25 Results, Budget updates, global cues among key market triggers this week

by
Week Ahead: Inflation data, Q1FY25 Results, Budget updates, global cues among key market triggers this week

Indian stock market opened July on a spectacular note and achieved its longest winning streak since December 2023 amid the relentless bullish rally powered by the return of foreign funds and investor sentiments stabilising over Modi 3.0 coming to power. Bulls seem to have tightened their grip on Indian markets ahead of Union Budget 2024, … Read more

Lakhpati Didi 2.0: Will Budget 2024 expand women’s livelihood programs?

by
Lakhpati Didi 2.0: Will Budget 2024 expand women’s livelihood programs?

In anticipation of Budget 2024, experts foresee Lakhpati Didi 2.0 as a potential game-changer for rural women’s economic empowerment. The revised approach aims beyond income targets, focusing on sustainable business models, skill development, and market linkages. Finance Minister Nirmala Sitharaman unveiled the ‘Lakhpati Didi’ scheme during the Interim Budget 2024. The scheme aims to empower … Read more

Budget 2024: Infra thrust to push railways’ capex by 76% in 5 years; IRCON, NBCC among top picks

by
Budget 2024: Infra thrust to push railways' capex by 76% in 5 years; IRCON, NBCC among top picks

While unveiling the Interim Budget 2024 on February 1, Sitharaman announced an 11.1 per cent increase in capital expenditure (capex) for fiscal year 2024-25 (FY25), raising the allocation to ₹11.11 lakh crore to develop infrastructure projects. The infra-capex allocation was double the allocation 10 years ago. The key infra sectors including railways, road transport, and … Read more

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

by
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: Here’s what Indian startup sector expects from upcoming announcement by FM Nirmala Sitharaman

by
Budget 2024: Here's what Indian startup sector expects from upcoming announcement by FM Nirmala Sitharaman

However, there has been no official announcement regarding the date of the Budget 2024 presentation. Investors and entrepreneurs in the startup sector are anticipating a more favorable business environment with enhanced regulatory and tax measures for startups. Given that most startups are facing challenges in raising capital, the upcoming budget might provide incentives for investors … Read more