Union Budget 2024: The Union Budget for the year 2024 is all set to be announced by Finance Minister Nirmala Sitharaman on 1st February. So, what are the likely tax and economic reforms that we can expect in this budget? Here’s a quick overview of what you can expect in the Union Budget for the year 2024. This year the Union Budget session is set to commence from January 31 and the Union Budget 2024 will be presented by the Union Finance Minister on February 11.
Union Budget 2024
A number of decisions, which greatly affect the economy, are taken during the Budget Session of Parliament. It may be an important decision for the country’s economy and growth. The Union Budget of that fiscal is presented during the Budget day by the finance minister. This year, finance minister Nirmala Sitharaman will present the Budget at the Parliament on behalf of the Narendra Modi-led central government. The budget is also called as General Budget and is also known as Economic Survey or annual Economic Review or just Economic Survey in short. This will be the fourth time that Sitharaman will present the Budget at the Parliament. This year, the session is likely to focus on the Covid-19 pandemic, which in India has seen three waves since its beginning.
What is Union Budget?
Union Budget is the annual budget of the government of India. It is presented in Parliament by the Finance Minister of India. The Union Budget is an important document that sets out the government’s financial plans for the upcoming year.
The Union Budget typically contains details about the government’s spending priorities, tax proposals, and economic forecasts. It is also an opportunity for the government to outline its vision for the country and to set out its plans for stimulating growth and improving people’s lives.
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The Union Budget is an important document because it reflects the priorities of the government and its plans for the future. It also determines how much money will be allocated to different sectors of society, including education, health, infrastructure, and social welfare.
Union Budget 2024 Date & Timing
The Union Budget 2024 will be announced on Tuesday, 2024. The Union Finance Minister Smt. Nirmala Sitharaman will be announcing key decisions taken by the cabinet for the upcoming financial year FY 2024 The Union Budget is a very important for all Indians.
| Budget Session 2024 | Dates |
| First half of Budget Session starts from | 2024 |
| First half of Budget Session concludes on | 2024 |
| Union Budget Presentation | 2024 |
| Second half of Budget Session starts from | 2024 |
| Second half of Budget Session concludes on | 2024 |
Union Budget Highlights 2024
The Union Budget will be presented on 2024 by the Finance Minister, Nirmala Sitharaman. we will update this section after Budget 2024 announced. till then read last year budget’s key highlights.
Digital Rupee will be Launching soon
The key highlights of the Union Budget 2021 are mentioned in the table below
When We got This Year’s Budget 2024 Full Speech then we will Update this section with latest Updates.
Union Budget 2024 Facts
Union Budget is the annual financial statement of the Government of India. It is presented in Parliament by the Finance Minister of India. The budget is an important part of Indian democracy as it sets out the government’s plans and priorities for the upcoming fiscal year.
The Union Budget typically presents a wide range of taxation and spending proposals, as well as updates on economic indicators. It is also used to announce new government initiatives.
Here are some key facts about Union Budget 2024:
1. The budget will be presented on 2024.
2. The budget will focus on investment and infrastructure development, with a focus on rural areas.
3. There will be increased funding for health and education sectors, as well as social welfare programmes such as housing and food security schemes.
4. There will be increased spending on renewable energy projects, including solar and wind power installations.
5. There will be reduced spending on the military, more focus on women and children’s welfare and free education up to aI.
6. The budget is expected to contain fiscal autonomy for states similarly as in Gujarat model via CGGGA besides also major changes are expected related with farm sector like procurement of seeds under public distribution system(PDS), MSME (Micro Small & Medium Enterprises) schemes etc
What to expect in this budget?
- For most of the taxpayers, the last year’s budget was a major source of relief. The government announced higher exemption limit for old age, widow’s and disability pensions and abolished tax deduction on interest paid on home loans. The budget also included a change in tax slab rates. Let see the Budget 2024 expectations.
- The Indian government plans to lay more focus on Budget this year. Last year, they had allocated Rs 35,000 crore for Covid-19 vaccines and committed to provide further support. After this, India launched a massive vaccination programme that vaccinated millions of people. This year too it is expected that the Union Budget will focus on health care for children and women in our nation.
- As taxpayers, they expect tax rates and surcharges to go down in the future. From Covid-19 relief to increase the limit of standard deduction under the income tax, people in the middle class are waiting for changes in financial policies from finance minister in his upcoming budget session statement on 2024. “Section 80C accounts for tax savings for most individuals in India. The current limit of Rs 1.5 lakh becomes too restrictive and thus there is need to widen horizon by offering additional investment opportunities. The limit of Rs 1.5 lakh has remained constant since a very long time now and thus there is a need to increase the said limit,” said Vivek Bansal- executive director and group CFO, InCred.
- The government should change the way it taxes health insurance. It should make it more expensive for people to buy health insurance without going bankrupt in case of illness and death but not as expensive as other types of insurances like car or home insurance policies.
- Apart from that, they will also implement various other tax benefits and make changes to a lot of laws regarding taxes so that businesses can save more money for their business growth faster than now in two-three years time when these are implemented by the government which is expected to give incentives along with reduced tax rates.
Where to Watch Budget Live 2024
The Lok Sabha is all set to broadcast the Budget of India for the year 2024 in a live session. Apart from being aired live on Lok Sabha TV, one can also watch it on social media platforms like Facebook, Twitter and YouTube. The live broadcast will be picked up by television news channels.
The FM will present the Budget in the Lok Sabha on February 1 at 11 a.m. The duration of the Budget presentation might range from 90 to 120 minutes. However, last year, the finance minister’s speech lasted for roughly 2 hours and 40 minutes, which was the longest in India’s independent history.
The budget speech will be aired live on the official Parliament channel, Sansad TV and national broadcaster Doordarshan. Viewers can also watch the live address on the Sansad TV YouTube channel. Our site will be uploaded pdf Live telecast on Lok Sabha TV after it concludes.
LIVE: Union Finance Minister Nirmala Sitharaman is presenting the Budget 2024. The live streaming of the Budget 2024 presentation below
Budget Live Updates
- 10:50 PM IST
Budget 2024 at a glance – your definitive, quick guide to one and a half hours of FM speech
- 10:47 PM IST
What exactly are green bonds that FM announced in the budget and how are they issued?
- 10:42 PM IST
What has become cheaper and what’s more expensive; check full list here
- 10:40 PM IST
Equities have their day in the sun as dark clouds circle
- 10:39 PM IST
Budget 2024 will double farmers’ income, benefit MSMEs, says PM Modi
- 10:37 PM IST
Lack of private capex led to spending push in budget, will help lenders: Bankers
- 10:36 PM IST
Health sector sees 45% drop in proposed expenses, allocation up 0.2%
- 10:34 PM IST
Finance Minister steers clear of announcements for five poll-bound states
- 10:27 PM IST
Crypto gets a backdoor entry in India
- 10:27 PM IST
Budget 2024: AVGC taskforce to boost employment, give regularity clarity, say gaming industry experts
- 10:22 PM IST
Budget 2024| Here’s what Finance Minister Nirmala Sitharaman said about taxing cryptocurrencies
- 10:20 PM IST
Union Budget 2024 | Civil aviation gets Rs 10,667 crore but sees no relief from cost headwinds
- 10:20 PM IST
What the finance minister is doing ‘indirectly’ for consumption
- 10:18 PM IST
Budget 2024 | After FM’s remark on LIC IPO, secretary of DIPAM says ‘DRHP likely in two weeks’
- 10:16 PM IST
MC Interview | No mention of any tax reforms for bonds can be seen as unfavourable for market, says Navin Agarwal of Motilal Oswal AMC
- 10:15 PM IST
From digital currency to e-passports, Budget 2024 opens up more opportunities for Indian IT sector
- 10:13 PM IST
Budget 2024 | India may become $5 trillion economy by 2025-26: CEA Nageswaran
- 10:11 PM IST
Budget 2024 : Capital expenditure sees 35.4 percent rise to Rs 7.50 lakh crore for FY’23
- 10:11 PM IST
A mixed bag for startups
- 10:09 PM IST
Union Budget 2024 | 6 hidden money changes that finance minister did not spell out
- 10:07 PM IST
Budget 2024 | A look at some major tech boost for digital India
- 10:05 PM IST
Employment generation a recurring theme; capex push may create jobs but few misses too
- 10:05 PM IST
Nilesh Shah on Budget 2024: Shortest speech with the longest roadmap for the economy
- 10:02 PM IST
Focus on drones to help create $5 billion market, operators say
- 10:01 PM IST
No respite for restaurants, left to fend for themselves, says NRAI
- 09:56 PM IST
Petrol may cost more as additional duty of Rs 2/litre to be imposed on unblended fuel from Oct 1
- 09:54 PM IST
A breakdown of the key numbers for FY23
- 09:38 PM IST
FM pegs fiscal deficit at 6.4% of GDP for FY23
- 09:33 PM IST
1486 union laws repealed to make it easier for businesses
- 09:31 PM IST
FM Sitharaman announces Digital Rupee. Here’s how it will work
- 09:28 PM IST
All 1.5 lakh post offices in India to be connected to core banking system: Nirmala Sitharaman
- 09:18 PM IST
Budget 2024 visionary, says NITI Aayog Vice-Chairman Dr Rajiv Kumar
- 09:14 PM IST
Focus on inclusive development, climate action as India enters “Amrit Kaal”, Nirmala Sitharaman
- 09:04 PM IST
FM Nirmala Sitharaman proposes to set up 75 digital banking units; link 100% of post offices to Core Banking
- 08:55 PM IST
What are e-passports and how will they work?
- 08:46 PM IST
Infra, construction stocks rise after govt aims to expand national highway network by 25,000 kms
- 08:31 PM IST
Budget growth-oriented, focused on building long term strength: SIAM
- 08:25 PM IST
Affordable housing gets major boost
- 08:17 PM IST
Govt taking ‘revenge’ on farmers for farm law protests, alleges Yogendra Yadav
- 08:12 PM IST
SEZ Act to be replaced with new legislation, says Nirmala Sitharaman
- 08:08 PM IST
Centre to set up digital university for students, announces Nirmala Sitharaman
- 08:03 PM IST
Paytm, Fino Payments Bank gain on push for digital ecosystem, fintech
- 07:59 PM IST
PLI Scheme to be launched for manufacturing in 5G
- 07:47 PM IST
Atmanirbhar Bharat Ka Budget brings with it new energy and strength to our development trajectory, tweets PM Modi
- 07:42 PM IST
Here’s what Finance Minister Nirmala Sitharaman said about taxing cryptocurrencies
- 07:30 PM IST
Budget 2024 like another “Mann ki Baat” of Centre, says Jharkhand CM Hemant Soren
- 07:27 PM IST
Ken-Betwa river-linking project worth Rs 44,605 Cr to be taken up in Bundelkhand, says FM
- 07:19 PM IST
Zerodha founder Nithin Kamath decrypts the budget findings on cryptos
- 07:14 PM IST
Railways to develop new products for small farmers, MSMEs: Nirmala Sitharaman
- 07:08 PM IST
Oberoi Realty, Aavas Financiers rally as housing projects allotted Rs 48,000 crore
- 06:58 PM IST
FM Nirmala Sitharaman sets aside Rs 60,000 crore for Jal Jeevan Mission
- 06:53 PM IST
Rahul Gandhi anyway has a problem in understanding maths, looks everything with a sum of 0: Piyush Goyal
- 06:49 PM IST
PLI scheme for Aatmanirbhar Bharat can create 60 lakh new jobs
- 06:42 PM IST
Adani Power, Tata Power rally 3-4% on allocation for hydro and solar projects in FY23
- 06:37 PM IST
Budget 2024 allots Rs 1,500 crore for development initiatives in northeast
- 06:34 PM IST
Kisan Drones to be used to technologically advance farming sector
- 06:31 PM IST
ECLGS scheme extended till March 2024, Finance Minister Nirmala Sitharaman announces
- 05:05 PM IST
Govt will work on amending the SEZ Act, says FM
- 05:03 PM IST
India should be a $5 trillion economy in terms of nominal GDP in the FY2025-26, says CEA
- 04:56 PM IST
Didn’t raise import duties on intermediary products, raw materials to support manufacturing, says FM
- 04:52 PM IST
Green bonds are within govt’s overall market borrowing number, says Finance Secretary TV Somanathan
- 04:46 PM IST
Crypto tax to come into effect from from April 1, says Finance Secretary TV Somanathan
- 04:38 PM IST
Apologize for not being able to come out with any cut in tax slabs, says FM
- 04:37 PM IST
FM hits out Rahul Gandhi, says ‘pity people who comment without thinking’
- 04:32 PM IST
Working account-by-account with other countries on sharing of information to bring back black money, says FM
- 04:30 PM IST
Inflation has not exceeded 6% target on sustained basis, says FM
- 04:28 PM IST
Stakeholder consultations are ongoing on digital asset, says FM
- 04:25 PM IST
CapEx target for FY22 is expected to be achieved, says Finance secretary TV Somanathan
- 04:19 PM IST
Amount of MSP handed out to farmers to double farmers’ income, says CEA V Anantha Nageswaran
- 04:08 PM IST
Higher capital expenditure will create jobs, says FM
- 04:07 PM IST
Did not raise taxes last year or this year, says FM
- 04:05 PM IST
Cryptocurrencies are not currencies, currency issued by RBI will be digital currency, says FM
- 04:01 PM IST
LIC IPO in all probability to go through in FY22, says FM
- 04:00 PM IST
Tax estimates not overly excessively optimistic, says FM
- 03:57 PM IST
Recognise that hospitality & related sectors have been hit post second wave, says FM
- 03:53 PM IST
Post budget press conference by FM Sitharaman begins
- 03:45 PM IST
FM Sitharaman to address press post presentation of Budget 2024 at 3.45 pm
- 03:25 PM IST
Budget will double farmers’ income, says PM Modi
- 03:18 PM IST
Congratulate FM Sitharaman for ‘people friendly and progressive budget’, says PM Modi
- 03:16 PM IST
This budget brings in new hopes, opportunities for people, says PM Modi
- 02:59 PM IST
Rahul Gandhi hits out at Modi govt, refers it as ‘zero sum budget’
- 02:42 PM IST
Budget not populist, extremely bullish on India, says Rakesh Jhunjhunwala
- 02:18 PM IST
Budget has zero for common people getting crushed by unemployment, says WB CM Mamata Banerjee
- 01:47 PM IST
Top budget highlights on taxes sectors-wise
- 01:17 PM IST
Unblended fuel to get additional duty, ethanol makers to benefit
- 01:14 PM IST
Dalal Street breathes a sigh of relief over LTCG
- 01:12 PM IST
CAIT terms Budget as a progressive economic document
- 12:53 PM IST
The Finance Minister’s move to cap long term capital gains at 15 percemt is a huge win.
- 12:30 PM IST
The huge increase in allocation for renewable energy will provide a significant boost to the fiscal capacity of states.
- 12:28 PM IST
The next three years will see 400 new Vande Bharat trains.
- 12:27 PM IST
The FM announced that the tax law will be amended to clarify that cess or surcharge on income tax cannot be treated as business expenditure.
- 12:17 PM IST
Taxpayers can now avail of a 2-year window to file revised returns
- 12:13 PM IST
The fiscal deficit target of 6.4 percent of GDP for FY23 is above expectations.
- 12:03 PM IST
Animation, Visual Effects, Gaming, and Comics promotion task force will be set up to build domestic capacity.
- 11:55 AM IST
ePassports will be rolled out in 2024 for convenience in overseas travel.
- 11:52 AM IST
Exclusive EV zones and focus on battery swapping will be good news for the EV sector
- 11:49 AM IST
The BSE Power index was up 1.5 percent as Adani Green, Tata Power, Adani Power, BHEL, Siemens, and NTPC rose 1-4 percent.
- 11:47 AM IST
FM proposes necessary amendments in IBC structure to promote cross border insolvency resolutions.
- 11:44 AM IST
A national tele mental health program will be launched.
- 11:28 AM IST
Shares of road construction companies rose sharply after FM said that national highway network will grow by 25,000 km in 2024.
- 11:23 AM IST
The aim to expand the National Highways network by 15% next fiscal will be a positive for road construction companies.
- 11:22 AM IST
Government will encourage innovative ways of financing and faster implementation for building of metro projects.
- 11:18 AM IST
PLI Scheme for achieving Aatma Nirbhar Bharat has received excellent response.
- 11:16 AM IST
Budget 2024 to focus on 4 pillars – productivity, climate action, financing investments & PM Gati Shakti plan
- 11:14 AM IST
Public issue of LIC is expected shortly, others are in line too.
- 11:00 AM IST
Will Budget 2024 give more incentives for new tax regime?
- 10:57 AM IST
Watch Union Budget 2024 LIVE here
- 10:55 AM IST
All eyes on infra push but key is to drive pace of execution
- 10:50 AM IST
The strong start to the day on Dalal Street ahead of the Union Budget beckons well for the bulls in India’s equity market.
- 10:39 AM IST
Will Budget 2024 increase the standard deduction from Rs 50,000 to Rs 100,000?
- 10:34 AM IST
One of the key asks from Indian investors is for the govt to bring in some parity in the way it treats domestic and foreign investors
- 10:30 AM IST
Shares of fertiliser companies were up in the range of 2-9 percent in the morning trade ahead of the Budget presentation
- 10:26 AM IST
Sensex surges over 800 points, nears 59,000-mark; Nifty climbs 240 points at 17,540.
- 10:22 AM IST
India has set lofty clean energy goals and has made decent progress on renewable energy capacity installations.
- 10:17 AM IST
Will Budget 2024 give a boost to the real estate sector?
- 10:09 AM IST
Could FM Nirmala Sitharaman make way for the inclusion of electricity under the purview of GST?
- 10:06 AM IST
Will the FM announce tax relief on medical expenses for individual tax-payers?
- 10:05 AM IST
Budget needs to strike balance: Prashant Jain of HDFC AMC
- 10:05 AM IST
How varied are CPI-inflation forecasts of RBI, economists?
- 10:04 AM IST
Several of the Budget estimates for FY23 will depend on GDP
- 10:04 AM IST
Will Budget day belong to infrastructure stocks?
- 10:04 AM IST
Will Budget cut income tax rates?
- 10:03 AM IST
Economists see a fiscal deficit target of 6.1 percent of GDP being set for FY23
- 10:00 AM IST
Cryptocurrency Prices Update
- 09:54 AM IST
Cigarette stocks trades flat ahead of budget
- 09:45 AM IST
Corporates watch for demand boost & relief for pandemic hit sectors
- 09:44 AM IST
Expected IBC amendments in Budget 2024
- 09:43 AM IST
Cost inflation in agriculture sector
- 09:39 AM IST
An investor’s prelude to the Union Budget for FY23
- 09:36 AM IST
Which sectors’ jobs did Covid-19 hack off the most?
- 09:36 AM IST
Will the Budget trap pessimist foreign investors?
- 09:35 AM IST
Fresh PSB capital infusion unlikely
- 09:31 AM IST
Market Opening Highlights
- 09:27 AM IST
Market LIVE – Indices open strong
- 09:22 AM IST
Who are the new homebuyers in the market?
- 09:21 AM IST
Will the Crypto Puzzle remain?
- 09:19 AM IST
Experts want Centre to set aside ‘green expenditure’ funds in Budget
- 09:15 AM IST
Govt considering Rs 2,942 crore on auto industry
- 09:09 AM IST
Will FM clarify on PSB privatisation path?
- 09:07 AM IST
Non-BJP states looks askance at the Centre’s financial muscle
- 09:02 AM IST
What to expect from the Budget – decoded (Video)
- 08:59 AM IST
Where and how to watch Nirmala Sitharaman’s speech
- 08:54 AM IST
Budget – 5 stocks with an upside of up to 100%
- 08:51 AM IST
Market Outlook
- 08:46 AM IST
PM Modi: Budget session must be fruitful
- 08:38 AM IST
Budget Expectations – Sorbh Gupta of Quantum AMC
- 08:32 AM IST
Are India’s financial conditions tightening?
- 08:26 AM IST
Budget Expectation – Suman Bannerjee of Hedonova
- 08:13 AM IST
Opinion: Govt cannot go easy on taxes
- 08:07 AM IST
Hope for a feel-good Budget: Kiran Mazumdar-Shaw
- 07:50 AM IST
Evolution of the Budget briefcase
- 07:46 AM IST
List of business in LS
- 07:38 AM IST
Budget – Key highlights of President Ram Nath Kovind’s speech (2/2)
- 07:33 AM IST
Budget – Key highlights of President Ram Nath Kovind’s speech (1/2)
- 07:32 AM IST
Budget – Opinion (MC Pro)
- 07:28 AM IST
Market on Budget Day
- 07:22 AM IST
Budget Expectations – US companies
- 07:18 AM IST
A beginner’s guide to reading the Budget
- 07:18 AM IST
CEA VA Nageswaran on the economy
- 07:12 AM IST
Will Booster Budget fire up growth?
- 07:04 AM IST
Economic Survey 2024 – CEA VA Nageswaran
- 07:00 AM IST
Economic Survey 2024 – 8 Key Takeaways
- 06:52 AM IST
The Budget Team at a glance
- 06:50 AM IST
Market Opening: 10 things to know
- 06:47 AM IST
Budget Expectation – Housing
- 06:36 AM IST
Election Update
- 06:32 AM IST
Key Highlights From The Economic Survey
- 06:28 AM IST
Market Outlook
- 06:21 AM IST
FY23 growth expectations based on resilience of economy: Sanjeev Sanyal
- 06:15 AM IST
Budget Expectations – Healthcare
- 06:12 AM IST
14 Bills, 6 financial items to be taken up
- 06:07 AM IST
Budget Expectations – CII
- 06:01 AM IST
Budget – Opinion (MC Pro)
- 06:00 AM IST
Budget Expectations – AMC
- 05:59 AM IST
Stock trader’s Guide to the Budget
- 05:54 AM IST
What’s new – No crypto or banking bill mentioned during Budget Session
- 05:50 AM IST
What’s new – No halwa ceremony
- 05:49 AM IST
What’s new – Paperless Budget, Mobile app
- 05:44 AM IST
Budget presentation through the years
- 05:43 AM IST
Budget amid elections
- 05:42 AM IST
What is the Budget?
- 05:41 AM IST
FinMin to announce Union Budget 2024 today
- 05:19 AM IST
Market LIVE – Update
- 05:14 AM IST
Economic Survey 2024
- 04:58 AM IST
Likely Budget announcements
How to Check Union Budget 2024 Summary PDF?
There are various ways to download the union budget 2024. One way is to visit the website of the Indian Ministry of Finance and select “Union Budget 2024” from the drop-down menu.
Alternatively, you can use the official website of the Prime Minister of India which is www.pmo.gov.in and click on “Union Budget 2024” under “News & Events.”
Last but not least, you can also use Google search to find websites that are providing PDF Summary of the Union budget 2024.
How will these budgets affect India’s economy and what are some of its highlights?
the budget will have a direct impact on different sectors of the Indian economy. However, some of the highlights that could be affected include:
• The agriculture sector – This sector is likely to experience a decline in revenue due to lower spending by the government on subsidies and other welfare measures.
• The manufacturing sector – This sector is likely to see a decline in demand as a result of the economic slowdown in China and other countries.
• The services sector – This sector is likely to benefit from increased spending by consumers and businesses, as well as an increase in foreign investment. • The investment sector – This sector is likely to benefit from the major focus on infrastructure in order to encourage domestic and foreign capital.
• Development funding – Funding for projects aimed at attracting FDI also will continue, as well as greater spending on rural areas by states.
Accordingly, future budgets are expected to contain many of these same features among others with a particular emphasis placed upon promoting private-sector development through industrial growth and infrastructure development.
Budget 2024: What is growth recession & why should the government worry about it?
Growth recession is a term used to describe a period of time when the economy experiences slower than average growth. The term was first coined in 1972 by economist Paul Samuelson, and it has been widely used in academic literature since then.
There are several reasons why the government should be worried about growth recession. First, it can lead to a decrease in government revenue due to an increase in unemployment and decreased income levels. Second, it can cause social unrest as people lose their jobs and incomes. Third, it can lead to increased borrowing costs as investors become more cautious about investing in risky projects. Fourth, it can cause companies to reduce their investment in new products and services, which could have negative consequences for the economy as a whole. Fifth, it can increase the risk of financial crises as businesses struggle to repay their debts. Sixth, it can cause a decline in consumer spending due to an increase in inflation or price increases.
Union Budget 2024 Submit your suggestions
Union Budget 2024 – Do you have any questions about the Union Budget? Our team of budget experts will be happy to answer your queries. drop your questions on comment box.
1. How can the government reduce the fiscal deficit?
2. What are the steps that need to be taken to promote manufacturing in the country?
3. What should be done to improve public healthcare services?
4. What is the state of play in renewable energy projects?
5. Provide suggestions for rural development expenditure that will increase employment and provide faster access to clean energy services?
6. Provide suggestions for the transportation infrastructure development programme in new cities and towns?
7. Provide suggestions for skill development and education (especially undergraduate level).
8. What measures can be taken to improve affordable housing situation in urban centers?
9. How should the government plan ahead with regards to e-commerce since its growth has grown so much during last few years, particularly in MP/Kolkata?
10. On what basis will the government plan industrialization now that there is a surplus white goods manufacturing capacity as well as many textile units suffering?
11. What is the status on environment and climate change issues since they are key government targets?
12. Would like to know whether urban transport infrastructure encourages traffic or reduce it, or have I missed something in preparation of this Budget that might be related to road usage trends at national level (motorization)?
13. How can the government reduce energy consumption in cities? 14. Would like to know about new proposals for solar and wind power, land acquisitions issues and environmental clearances ?? 15. What are recommendations on environment policies
16 . With all these poll promises made by political parties, what is going to be now – a proposal or implementation of priorities which they had promised before the elections ? 17 Ons official 1st priority would be agriculture then ?
Frequently Asked Questions
Budget 2024: Types of deficits and how they are calculated
There are two types of deficits- primary and accumulated. A primary deficit is the amount by which government revenue falls short of its expenditure in a given year. It is calculated as total revenue - total expenditure. An accumulated deficit is the sum total of all deficits incurred over a period of time. It is calculated as total revenue - net investment - total public debt.
What are expenditure & revenue budgets?
Expenditure budgets are used to track the amount of money that a business is spending on various items. This can include items like salaries, rent, marketing expenses, and more. Revenue budgets are used to track the amount of money that a business is earning from various sources, such as sales, services rendered, or products sold.
What is known as fiscal glide path?
A fiscal glide path is a term used in economics to describe the path that a country's government debt and deficits will follow over time. The idea is that if a country follows a fiscal glide path, its long-term economic stability will be maintained. There are two main types of fiscal glide paths: discretionary and automatic. A discretionary fiscal glide path is one in which the government sets targets for budget deficits and debt levels, and it adjusts these targets as needed in order to stay on track. An automatic fiscal glide path is one in which the government's tax and spending policies are set by law, and there is no provision for adjustment.
What is the date of budget 2024?
The budget 2024 will presented by the Indian finance minister Nirmala Sitharaman on the 2024.
Is there any change announced in the income tax slab in the budget 2024?
this will answered by when budget 2024 announced.
What is tax-to-GDP ratio & where does India fare on this?
The tax-to-GDP ratio is the percentage of government revenue that is spent on government expenditures, which in turn, represents the amount of money that the government can spend on public goods and services. India has a tax-to-GDP ratio of around 33%. This means that for every ₹100 that the government earns, it spends ₹33 on public goods and services. While India's tax-to-GDP ratio is lower than some other countries, it is higher than others. For example, China's tax-to-GDP ratio is only about 20%, and the United States' tax-to-GDP ratio is around 25%. One reason why India's tax-to-GDP ratio is lower than some other countries' is because India has a larger population than some of those countries. This means that the government has to spend more money on things like education and healthcare for all of India's citizens instead of just for the wealthy few.
What is the four balance sheet challenge?
The four balance sheet challenge is a business strategy that urges companies to present their financial statements in a way that shows they are financially stable and have the ability to pay their debts. This challenge was first introduced by Warren Buffett in his annual letter to shareholders of Berkshire Hathaway. Buffett believes that it is important for investors to understand a company's financial condition so they can make informed decisions about whether or not to invest in it. To meet the four balance sheet challenge, companies must demonstrate strong operating performance, positive net worth, no long-term debt, and minimal cash equivalents.
What is healthcare budget?
healthcare budget depends on a variety of factors, including the age and health of the individual, their family history, and their current medical conditions. However, in general, healthcare budgets can range from a few hundred dollars per year to several million dollars per year.