India's Full Budget 2024: Focus on Agriculture, Employment, and Revenue Growth
The upcoming budget is likely to prioritize agriculture, employment, and revenue growth, with a focus on capital expenditure and GST simplification.
Union Budget 2024Modi 30AgricultureEmploymentRevenue GrowthGst SimplificationReal Estate MumbaiJun 14, 2024
According to a report by The Economic Times, the budget will focus on simplifying GST and reducing tax compliance burdens. This is in line with Prime Minister Narendra Modi's instruction to develop a 100-day plan, which may have components in the upcoming budget.
The government also plans to extend its production-linked incentive (PLI) schemes to encompass more sectors that generate significant employment, such as the leather industry. This move is expected to promote growth and development in various sectors.
Finance Minister Nirmala Sitharaman's previous budget was a vote on account, which focused on economic policies that foster growth, facilitate inclusive development, improve productivity, and create opportunities for various sections. The budget also noted that it will pay utmost attention to the eastern region, including the states of Bihar, Jharkhand, Chhattisgarh, Odisha, and West Bengal, to make them growth engines as part of the goal to make India a developed country by 2047.
This will be Finance Minister Nirmala Sitharaman's 7th budget presentation in a row.
The Economic Times is a leading Indian business newspaper that provides news and updates on business, economy, and finance. Nirmala Sitharaman is the current Finance Minister of India and has presented several budgets since taking office.
The Government of India is responsible for presenting the Union Budget, which outlines the country's financial plans and policies for the upcoming fiscal year. The budget is typically presented by the Finance Minister in the Parliament.
Frequently Asked Questions
When is the full budget likely to be presented?
July 22, 2024
What are the key focus areas of the budget?
Agriculture, employment, revenue growth, and GST simplification
What is the goal of the government's 100-day plan?
To promote growth and development in various sectors
Which regions will the budget focus on?
The eastern region, including the states of Bihar, Jharkhand, Chhattisgarh, Odisha, and West Bengal
Who will present the budget?
Finance Minister Nirmala Sitharaman
Related News Articles
Architecture and Design Fest 2024: Shaping the Future of Indian Real Estate
Get ready for the most anticipated event in the real estate industry, as Realty+ brings forth the Architecture and Design Fest 2024 Conclave, a platform for innovation and growth.
Godrej Properties Launches Pune Chapter of C.R.E.W to Boost Women's Representation in Real Estate
Godrej Properties Ltd., a leading real estate developer in India, launched the Pune Chapter for the Collective of Real Estate Women (C.R.E.W) to empower women professionals in the real estate sector.
Indian Stock Market Reaches New Heights Amid Anticipation of Rate Cuts
The stock market ended on a positive note, with both benchmark indices reaching record highs. Gains in sectors such as auto, oil and gas, and financial services played a key role in driving the market upward.
Uday Kotak and Family Make Record-Breaking Purchase of 12 Flats in Mumbai for Over ₹200 Crore
In a significant move, Uday Kotak and his family have acquired 12 luxury flats in Mumbai, setting a new national price record. This transaction underscores the vibrant and resilient nature of the Mumbai real estate market.
Saraswati Properties: A Local Legacy Evolving into a National Real Estate Giant
Saraswati Properties has grown from a local real estate business to a national brand, serving customers in major cities like Ayodhya, Jaipur, Lucknow, and Mumbai. Discover the journey of this transformative company and its impact on the real estate market
Lodha to Acquire Unichem's Mumbai Land Parcel for Strategic Development
Lodha, a leading real estate developer, has entered into a deal to acquire a significant land parcel from Unichem, a prominent pharmaceutical company, in Mumbai. This strategic move aims to bolster Lodha's portfolio and expand its footprint in the bustlin