Pre-Budget 2024 LIVE Updates: With only two days left until this year’s much-awaited Union Budget Speech 2024, India’s Ministry Of Finance appears to be birthing a tidal wave of speculations across the country’s economic landscape. The Finance Minister of India, Nirmala Sitharaman, is all set to deliver the Budget Speech on February 1, 2024. Meanwhile, with the preparations already commencing with the ‘Halwa’ ceremony, the country eagerly awaits the Budget.
Meanwhile, the Finance Minister already stated that as a result of vote-of-account, no major announcements are to be given out on February 1. However, key industries within the nation, such as Real Estate, Finance, Agriculture, Crypto, and many others, expect to see significant changes. Moreover, with Sitharaman’s noteworthy track history of Budget Speech deliveries, India extensively eyes this year’s Union Budget.
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04:17:05 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: Logistics Sector Anticipates Capex Boost
Eyeing the upcoming Union Budget 2024, the Indian logistics sector foresees more simplifications for land acquisitory processes of warehouses and logistics parks, rebates in stamp duty, registration costs, etc.
03:54:45 PM IST, 30 January 2024
Crypto News LIVE: Indian Insurers Stance On Long Bonds
Indian funds, insurers, and banks have extended their holdings in longer-duration bonds, foreseeing a fiscally conservative interim budget from the federal government coming ahead of the general elections 2024.
03:02:17 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: CII Anticipates Ease Of Business In India
In a recent statement shared by the Confederation of Indian Industry (CII), the organization urged the states to start using the National Single Window System. Furthermore, it proposed decriminalizing business-facing laws and integrating environment, forest, biodiversity, and air & water compliances into 1.
In run up to the #InterimBudget2024 begins, CII shares recommendations for ease of doing business in the country.#CIIRecommends encouraging states to use National Single Window System.#CII4InterimBudget2024 #Budget2024 @nsitharamanoffc @nsitharaman @FinMinIndia pic.twitter.com/5Aot0DGpxl
— Confederation of Indian Industry (@FollowCII) January 30, 2024
02:34:24 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: Indian Crypto Community Awaits Regulatory Advancements
The Indian crypto community hopes to see a significant reduction in the tax slab orbiting virtual digital assets nationwide. The #reducecryptotax movement appears to have prevailed for ages within the country now. As the global race for crypto paces each day, India’s current stance may force the nation to lag globally. Aligning with this, the Indian crypto community awaits noteworthy announcements in the upcoming Budget.
With Budget 2024 nearing, the Indian crypto community eagerly anticipates key changes – right from regulatory advancements to the success of the #reducecryptotax movement.
Here’s a list of expectations from #Budget2024 ????https://t.co/55irb9DpAx
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) January 30, 2024
02:15:55 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: Income Tax Rate Change Anticipated
With India’s CPI (Consumer Price Index) fluctuating 4-8% annually in recent years, the majority of the nation’s income post-taxation remains relatively less. Increasing the limit under the new tax regime would offer significant aid to citizens nationwide and is much expected in the upcoming budget.
01:56:02 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: CII Director General Eyes Rural Economy Development
The Director General of CII (Confederation Of Indian Industry), Mr. Chandrajit Banerjee, eyes rural economy development with the upcoming Budget, particularly education and housing infrastructure aid, among many others.
01:28:58 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: Increased Dividend Targets From RBI?
The upcoming Interim Budget is expected to increase the government’s dividend earnings from RBI and other financial institutions, as per reports. Notably, these institutions significantly surpassed the previous year’s expected dividends, resulting in such a scenario.
01:07:19 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: MSME Expected To Enhance Credit Affordability
The Budget Speech to be delivered by Nirmala Sitharaman on February 1 is primarily expected to zero in on MSMEs (Ministry of Micro, Small & Medium Enterprises) facilitation of better credit. The nation seeks a better ecosystem for the MSE sector, as it creates additional job opportunities.
12:35:01 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: All Party Meet In Motion!
The All Party meeting is now in full swing at the Indian Parliament House ahead of the Interim Budget 2024.
All party meeting is underway in Parliament House ahead of interim Budget Session. pic.twitter.com/ItUIRT0apm
— All India Radio News (@airnewsalerts) January 30, 2024
12:15:52 PM IST, 30 January 2024
Pre-Budget 2024 LIVE: India’s UPI Growth To Reduce Digital Transaction Fees?
The burgeoning rise of UPI payments within the country leads to speculation about whether the government will offer aid in reducing the digital transaction fees this year or not. At present, the transaction fees appear to be quite the hindrance that demands prompt attention.
11:50:03 AM IST, 30 January 2024
Pre-Budget 2024 LIVE: Public Sector Healthcare Impacted?
The IMA (Indian Medical Association) recently proposed a jack-up in investments for public sector hospitals. Dr. RV Asokan, President of the IMA, spotlighted the necessity for the same.
11:29:52 AM IST, 30 January 2024
Pre-Budget 2024 LIVE: Indian Railways To Reap The Most Benefits?
Much of the nation’s anticipation is on developing the country’s public transport system, mainly the railways. Various reports surfacing across India suggest that the railway sector is poised for record-level gains, with a scope-in on better infrastructure and faster trains.
11:02:02 AM IST, 30 January 2024
Pre-Budget 2024 LIVE: R&D Remains Of Prime Concern
Numerous industries across India, be it agriculture or pharmaceuticals, all appear to be eyeing a significant boost in the R&D (Research & Development) sector within their respective industries. Reports showcase a surge in demand for R&D allocations in recent times, promptly birthing expectations for the bolstering of this department.
10:37:02 AM IST, 30 January 2024
Pre-Budget 2024 LIVE: Self-Reliance Schemes Expected
According to India’s leading tax-tech portal, EZTax, Self-Reliance schemes in Defence, Clean Energy, and Technology adoption are much expected in the nation. This also provides numerous job opportunities and boosts employment.
Budget 2024 Expectations ::
Expected to assert on Self-Reliance schemes in Defence, Clean Energy, and Technology adoption to boost employment.
more at https://t.co/NDPfDeNIoe#eztax #Budget2024 #defence #CleanEnergy #MSME #SmallBusiness #technology pic.twitter.com/EwoFLWnqC9
— EZTax.in – Online IT GST Portal ???????? (@EZTaxIndia) January 30, 2024
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