budget 2024

In 2024, being a Lok Sabha election year, the budget will serve as a vote-on-account. The complete budget presentation is scheduled for after the polls.


The Interim Budget 2024:

The Interim Budget 2024 is set to be presented in the Parliament by Union Finance Minister Nirmala Sitharaman on February 1. Leading up to the event, Minister Sitharaman mentioned that significant announcements are unlikely in this budget. It’s worth noting that the Economic Survey was not presented today, as this budget is not a full budget.

As 2024 marks a Lok Sabha election year, the upcoming budget will solely serve as a vote-on-account. The comprehensive budget is anticipated post the polls, with the new government expected to form around June. The final budget for 2024-25 is likely to be introduced sometime in July.

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When and Where to watch Budget 2024:

The Union Budget is set to be announced on February 1 at 11 am.

For those looking to watch Budget 2024 live, Nirmala Sitharaman’s budget speech will be streamed on Tv news channels. Additionally, Sitharaman’s speech will be broadcasted on Doordarshan (DD) News and can be accessed on the YouTube channel and website of the Press Information Bureau (PIB). You can also stay updated with the latest information through blogs on thenewsexpo.

Expectations from Union Budget 2024:

  • Public expectations include tax reduction, higher income-tax rebate threshold, revised capital gains tax, and exclusion of GST from insurance policies.
  • Recruitment industry seeks budgetary focus on workforce development and gig economy regulations.
  • Emphasis on collaboration between recruitment platforms and tech firms for innovation.
  • Anticipation of sector-specific incentives for investment, job creation, and industrial expansion.
  • Women entrepreneurs desire increased budget allocation for enhanced access to capital through equity-based funding.
  • Importance of a more inclusive financial ecosystem recognizing the crucial role of women entrepreneurs.