Last Updated: July 17, 2024, 08:12 IST
What to Expect from Union Budget 2024: With Finance Minister Nirmala Sitharaman gearing up to present the Union Budget in a week, industry players eagerly await the unveiling of the budget. Hopes are high for policy continuity, increased allocations, and reforms. India is particularly looking for tax relief and lobbying the government to raise the exemption limit from Rs 3 lakh to Rs 5 lakh.
The traditional Halwa ceremony, signaling the final stage of Budget preparation, took place yesterday at North Block in New Delhi. Led by Finance Minister Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary, the ceremony was attended by top officials, marking the start of a ‘lock-in’ period for the finance ministry staff.
Preceding the budget, consultations with industry leaders and economists were held, while Prime Minister Narendra Modi engaged in discussions to gather insights for the upcoming Budget announcement. Expectations and anticipation for Union Budget 2024 are running high as stakeholders look forward to potential policy updates and financial guidelines.