As Finance Minister Nirmala Sitharaman gears up for the Union Budget 2024-25, the Electric Vehicles sector (EVs) looks optimistic about announcements for the growth of the industry.
Startups in India have high expectations from this year's upcoming Union Budget. The early-age startups expect the removal of angel taxes, whereas the health tech startups expect increased funding for the sector.
As Finance Minister Nirmala Sitharaman prepares for the upcoming Union Budget, the micro, Small, and Medium Enterprises (MSMEs) are hopeful that the government will prioritise and promote their sector.
The US-India Tax Forum has submitted its recommendations on tax amendments for the Union Budget 2024-25, to be presented by the Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, on July 23. The Tax Forum said it was recently invited to present industry recommendations on
Union Minister of state for Railways and Food processing Ravneet Singh Bittu met Union Finance Minister Nirmala Sitharaman and had long discussions on the crucial issues regarding Punjab, seeking special incentives for border districts of Punjab on the pattern of Jammu and Kashmir and beside
West Bengal Leader of Opposition, Suvendu Adhikari has written a letter to Finance Minister Nirmala Sitharaman on Thursday, raising concerns over the "financial meltdown" and "joblessness" in the state.
This meeting, which also saw the participation of Finance Minister Nirmala Sitharaman, was a key step as the government gears up to present its comprehensive Budget for its third term on July 23.
"A double-engine government has been formed in the state, so we will try our best to live up to the expectations of the people. Good work has been done on the budget. There are big announcements for every section," she said.
Investment banking company Goldman Sachs expects the central government to stick to the announced fiscal deficit target of 5.1 per cent of GDP for 2024-25 in the upcoming Budget to be tabled on July 23 and announce further consolidation to a deficit of below 4.5 per cent in 2025-26.
The key reforms brought in over the past decade were Jan Dhan; Digitization, financial inclusion; recapitalisation of PSBs; API-based banking; Insolvency and Bankruptcy Code; GST; and platform business models, among others.