WHAT IS BUDGET
Union Budget: What lies ahead in Budget 2024 for indirect taxes?
Budget Expectations: The upcoming Union Budget by NDA 3.0 is highly anticipated for its economic and social welfare policies to rejuvenate India. The budget is expected to focus on infrastructure, healthcare, education, job creation, and tax reliefs. Indirect taxation, including GST, will be a key area of scrutiny, with potential adjustments to customs duties and the introduction of production-linked incentive schemes. The industry eagerly awaits measures to streamline compliance processes, boost revenue, and support the Make in India initiative.
What India's FMCG and agriculture sector need from Budget 2024?
There are over 100 million middle income households which are going to be added to the Indian economy in this decade. This is going to be an opportunity for growth in consumption, which will help increase volumes in various sectors such as FMG, retail as well as consumer products. Deloi...
PM Modi's meet with economists before Budget: Why does he do this? What is the purpose?
In preparation for the Union Budget 2024, Prime Minister Narendra Modi convened a meeting with economists and sectoral experts on Thursday. Earlier, 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 and Corporate Affairs Nirmala Sitharaman concluded on July 5.
Budget 2024: 'More FAME, Less GST' - What the EV industry wants from FM Sitharaman
Industry players are looking forward to potential GST concessions and incentives for electric vehicles in the upcoming Budget FY25. Expectations include policies like FAME 3.0 to enhance the EV ecosystem, promote R&D, and support local manufacturing for sustainable transportation in India.
Budget 2024: What should investors do with fertiliser, sugar stocks in the run-up to D-day?
The Union Budget 2024 could impact sugar and fertiliser stocks, with policy changes anticipated for ethanol and bio-fertiliser subsidies. Stocks historically lag before budgets, especially in election years. Analysts suggest waiting before investing. Notable stocks include Bajaj Hindustan Sugar, Chambal Fertilizers, and Coromandel International, though triggers for stock movements are not detailed.
Make deposits great again: Rather than constrain credit growth through diktats, here's what Budget should do
Budget: While publicly advocating for credit growth, the regulator has simultaneously been restraining financial companies, raising the cost of capital for lending in the unsecured market and constraining credit growth through moral suasion.
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What steps should govt take for steel industry in Budget 2024? TV Narendran answers
Well, this is typically a weak period because of the monsoons, etc. But the demand is strong. The demand has been going well. But steel prices are obviously dependent on what is happening in the international markets.
Budget 2024: Jewellery industry urges for 5% import duty cut on gold. What it means
Decoding the impact that is expected from the 5% waiver, Mahendra Luniya, chairman & founder of Vignaharta Gold said that in FY23, India's gold imports totaled an estimated Rs 2.8 lakh crore and at a 15% import duty rate, the industry's customs duty payout is estimated at Rs 42,000 crore, noting that the latest exact data was not available with him.
Budget 2024: What's coming up? A Sitharaman budget or a Naidu-Nitish budget?
Budget Expectations: Finance Minister Nirmala Sitharaman will present her seventh full budget on July 23. Known for fiscal prudence, aggressive capital expenditure, and boosting manufacturing, her previous budgets lacked populist proposals. With changed political dynamics post-elections, allies TDP and JD(U) are speculated to seek favorable treatment in the budget. Sitharaman is expected to balance fiscal discipline with growth amidst demands.
Farm Factor: What stakeholders are expecting from Budget 2024
Budget: Among other things, the agri industry wants better seeds for crops like cotton and oilseeds whose production is not increasing, and technological support to deal with climate change.
What homeowners want from Budget 2024: Higher exemption limit, shorter period for CGAS holding, bond lock-in and more
With Budget 2024 scheduled in the coming weeks, the Finance Minister is expected to make announcements that will set the path for India to achieve the vision. Towards this, the government may look to providing various incentives to taxpayers, especially on capital gain taxation boosting investment and in providing stimulus to the housing sector. Here is the list of expectations an individual taxpayer would have with respect to a property sale transaction from Budget 2024.
Will Budget 2024 pivot to populism? Here’s what Goldman Sachs analysts predict
Amid investor concerns over potential fiscal policy shifts towards welfare spending, Goldman Sachs holds a contrary view, citing limited fiscal room due to high public debt. They emphasize India's infrastructure improvements, suggesting policymakers may prioritize sustained growth over short-term boosts.
More tax savings from NPS in Budget 2024? Expect employer's share to rise to 12%, additional Rs 50,000 NPS deduction in new tax regime
NPS changes in Budget 2024: Currently, the deduction in respect of the employer’s contribution (capped at 10%) to NPS is allowed under both the old tax regime and the new tax regime. The government may consider at increasing this limit to 12% (aligned with the exemption of employer’s PF contribution up to 12%). Another proposal is to introduce the additional deduction of Rs 50,000 under the new tax regime. Will Budget 2024 make NPS and new tax regime more attractive for investors? Read on
Budget 2024: What are power sector's expectations from FM Nirmala Sitharaman?
Budget 2024: With anticipated economic growth and a focus on energy transition, India’s power sector is a top priority for the government. The nation is targeting 500 GW of renewable energy by FY30 and an additional 85 GW of thermal capacities by FY32. ET examines the challenges faced by the sector and its budgetary wishlist.
Can Modi government stick to interim numbers in upcoming Budget 2024? Here's what Sitharaman had to say
UNION BUDGET: Before the 2024 Lok Sabha elections, Finance Minister Nirmala Sitharaman had indicated that the BJP-led NDA government would adhere to the fiscal measures outlined in the Interim Budget, emphasizing fiscal prudence and continued capital expenditure. Re-elected for a third term, the Modi government’s budgetary focus includes a significant boost to infrastructure and renewable energy initiatives.
What to expect from real estate and infra sector in upcoming Budget? Keki Mistry answers
Well, I think the focus will be on affordable housing in my opinion and there will some scheme or the other that will come up for the affordable housing segment.
Budget 2024: Tariffs, duties & nuisance tax - Here's what electronics industry wants from FM Nirmala Sitharaman
Budget 2024 Expectations: The electronics industry wants Finance Minister Nirmala Sitharaman to simplify tariff lines and streamline duties for sub-assemblies and input parts in the upcoming budget. They specifically call for reducing the current seven tariff slabs to three and eliminating nuisance tariffs of 2.5% on certain parts.
Capital gain taxation in Budget 2024: Income tax rate parity, uniform holding period for long-term gain; what taxpayers want
Budget 2024 expectations: The present provisions of determining capital gains tax are complex and varied. The government has hinted at simplifying it, and the upcoming budget could be the perfect opportunity to make those changes. Here's how Budget 2024 can simplify capital gains tax for investors.
What Indian industry wants from Modi's budget after poll setback
The upcoming budget aims to boost consumption, support farmers, create jobs, and reform tax systems. It focuses on tax cuts, lifting export restrictions, job creation incentives, and simplifying tax regimes like capital gains and GST for a stronger economic outlook.
Budget 2024: What is a Budget? Why is it important? When is Budget 2024?
According to Article 112 of the Indian Constitution, the Union Budget of a year, also referred to as the annual financial statement, is a statement of the estimated receipts and expenditure of the government for that particular year. Union Budget keeps the account of the government's finances for the fiscal year that runs from April 1 to March 31.
What is expected from the GST Council meeting today?
The GST council may delay the inclusion of petroleum products under GST and the much-awaited rate rationalization. Discussions may also focus on reducing GST on insurance products.
Budget 2024: What will happen to Income Tax in this Budget, will it be cut?
Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget 2024 in late July, her seventh budgetary address. Following the interim budget in February, expectations are high regarding potential income tax rate cuts to stimulate consumption and address economic priorities. Industry bodies like FICCI and CII have advocated for tax relief, while the Ministry of Finance explores measures targeting higher-spending individuals, potentially introducing a new tax bracket.
Budget 2024: What is a Populist Budget and why is it controversial?
A populist budget is a fiscal plan focused on immediate public appeal through measures like tax cuts and social spending increases. Criticized for prioritizing short-term benefits over long-term economic stability, such budgets can lead to fiscal deficits, inflationary pressures, and disparities in resource distribution, while potentially undermining independent economic institutions.
What will be the big trade in the run-up to the Budget? Here’s what Rahul Shah has to say
Rahul Shah says that HDFC Bank has not performed well for the last so many months and we all know that there is speculation on MSCI weightage and all. If it happens, then my gut feeling is that HDFC will outperform. But if it does not happen, then SBI will definitely outperform the HDFC.
India's Budget leaked in 1950: What happened? Who did it? Consequences
Finanace Minister Nirmala Sitharaman is set to present her seventh consecutive Union Budget soon. The Budget, which is set to be presented in July, is a Full Budget. In February, she presented the Interim Budget, owing to the Lok Sabha elections that was scheduled to start from April. The FM has already started preparing for the Budget, holding meetings with stakeholders. However, all these are top secret affairs and any information is privy to only a select few.
What will be the key focus areas in the Budget? Ajay Bagga answers
Infrastructure building, indigenisation on imports of institution as well as raising the levels of employment, rural demand, I think all those will remain focus areas.
ET Graphics: What India Inc expects from Nirmala Sitharaman in July's full Budget
Budget expectations: Finance Minister Nirmala Sitharaman is set to initiate consultations starting Wednesday for the upcoming full budget of the new government, scheduled for presentation in July. India Inc has proposed a series of reforms, including medium-term measures, aimed at propelling the economy towards higher growth, fostering employment generation, stimulating private investments, and ensuring macroeconomic stability.
Budget FAQ: All your basic questions about Budget answered
The Union Budget of a year, also called the annual financial statement, is a statement of the government's expected income and expenditures from April 1 to March 31 for that specific year, as per Article 112 of the Indian Constitution. The Union Budget records the government's financial position for the fiscal year that begins on April 1 and ends on March 31. Revenue Budget and Capital Budget are the two parts of the Union Budget.
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