Union Budget 2024 Expectations Highlights: Union Finance Minister Nirmala Sitharaman is set to present the Budget for the financial year 2024-25 in the Lok Sabha on July 23. Income tax relief is one of the key aspects that most are looking forward to. Especially, given how ‘miffed’ the middle-class is, the popular assumption and expectation this Budget is that the Modi 3.0 Cabinet will use the Budget to woo back the support it lost during elections.
This apart demand for tax holidays and GST exemption by a host of industries also features prominently on the Budget wishlist.
There are also expectations that the Finance Minister will perhaps be generous in terms of allocation for welfare schemes and public capex given the windfall dividend payout by the RBI and the challenges of balancing coalition partners and their expectations.
All eyes are now on July 23 when Nirmala Sitharaman will table the Budget in the Parliament during the Monsoon Session that kickstarts on July 22. For live coverage and updates on all news related to the Budget, follow Financial Express Online.
Hello readers, welcome to the live blog on Financial Express.com! Stay tuned for real-time updates on Union Budget 2024. We are receiving pre-Budget expectations from various sectors including retail, real estate, advertising, and Fintech, among others.