Union Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament along with the statistical appendix ahead of the Budget for 2024-25 to be presented on Tuesday.
The Indian exports have been growing since financial year (FY) 2017 with the exception of slow down observed in FY 2020, the economic survey of 2023-24 revealed on Monday which was tabled in the parliament ahead of the union budget.
The Indian economy is on a strong wicket and stable footing, demonstrating resilience in the face of geopolitical challenges, as per the Economic Survey 2023-24 tabled in the Parliament on Monday.
The interim budget, tabled on February 1, took care of the financial needs of the intervening period until a government was formed after the Lok Sabha polls, after which a full budget was supposed to be presented by the new government.
The third leg of the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme is in the final stage, said Union Minister HD Kumaraswamy, however noting that it won't be part of the upcoming union Budget scheduled to be tabled on July 23.
With the Union Budget for 2024-25 set to be tabled on July 23, the real estate sector pins renewed hope on the Modi 3.0 regime. Expectations are high for tax reliefs and other sentiment boosters.
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 government under Prime Minister Narendra Modi should focus on adherence to fiscal prudence and continue on the fiscal consolidation path, suggested SBI Research ahead of the much-awaited full Budget for 2024-25 to be tabled on July 23 - the first Budget under Modi 3.0.
A survey conducted by real estate association CREDAI and investment management company Colliers found that the majority of the real estate developers expect tax rationalization, sops for affordable housing, and single window clearance from Union Budget 2024, slated to be tabled sometime l
A proposal in this regard was tabled at the cabinet meeting held at Mantralaya in Bhopal on Tuesday, and the council of ministers approved it unanimously. The cabinet decided that all ministers would have to pay the income tax on their salaries and allowances.