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Business News/Topic/    Union Budget 2024 What To Expect

UNION BUDGET 2024: WHAT TO EXPECT

The union government will present its interim budget in Parliament this week. This will be the last budget of the 17th Lok Sabha before the country goes to polls in April-May 2024. The interim budget will mainly work as a vote-on-account and is not meant to propose any major changes in the tax structure, nor announce any major policy initiative. Strictly speaking the interim budget’s pre-electoral nature necessitates that it focus on keeping the government’s existing measures and policies funded until the new government takes charge and presents a fresh budget in June this year. However, some analysts believe this interim budget could be a platform for the government to announce a few electoral sweeteners or populist measures. In line with this, the government is believed to be focussing on welfare schemes for five key sections of society—women, poor, youth, farmers and tribals.The Indian Railways is also expected to receive a record allocation in the upcoming interim budget, with capital expenditure likely to see a surge of 25 percent. You can also explore our new chatbot, Mint Genie, for questions about the budget and more on business and policy.
Union finance minister Nirmala Sitharaman, (ANI) Premium

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This year’s Budget estimate is 5.9% of GDP, and even for Finance Minister Nirmala Sitharaman’s modest aim of 4.5% by 2025-26 to be met, the government will have to bank on its political capital and not let 2024’s elections deflect her from that goal. (ANI) Premium

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Union Finance Minister Nirmala Sitharaman addresses the media during a press conference at the National Media Centre in New Delhi. (ANI/Rahul Singh) Premium

Revealed: The growth, deficit assumptions behind the next budget

4 min read . 31 Jan 2024
It's important to note that there is no certainty that the Maurya kingdom actually implemented the processes outlined by Kautilya in his master treatise, which intricately outlines a framework for a kingdom's financial management and planning. Premium

Did ancient India have annual Union budget concept?

4 min read . 31 Jan 2024
The Union budget for FY25 may keep government borrowing at ₹15-16 trillion, about the same level as the ₹15.43 trillion in FY24. (Mint) Premium

Sovereign green bonds to make a comeback in budget

3 min read . 31 Jan 2024
The Saksham Anganwadi and Poshan 2.0 scheme is targeted at tackling malnutrition challenges among children, adolescent girls, pregnant women, and lactating mothers. Premium

India’s flagship nutrition scheme may receive only a marginal boost in Budget

1 min read . 31 Jan 2024
In the personal taxation domain, the government wants more and more taxpayers to switch to the new regime. Premium

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3 min read . 31 Jan 2024
Total outlay of Rs.8,500 crore will be provided as financial assistance for coal gasification projects under three categories. (Mint) Premium

Cabinet approves viability gap funding of ₹8,500 crore for coal gasification

1 min read . 24 Jan 2024
The budget estimate for the food processing industries ministry for the ongoing financial year was ₹3,287 crore. (Mint) Premium

Food processing ministry may get lower allocation in interim budget

2 min read . 11 Jan 2024
Among infrastructure sector ministries, Railways has multiple plans to strengthen its network and introduce high-speed trains. (Mint) Premium

Centre to take foot off capex pedal after FY25 budget

2 min read . 31 Jan 2024
The interim budget will be presented on 1 February. (HT_PRINT) Premium

Green financing, digital currency may get a boost in the interim budget

2 min read . 31 Jan 2024
A big increase of 20-25% in capex allocations is expected for highway development in the next fiscal. (Photo: Bloomberg) Premium

Budget 2024: Another jump likely in budget for roads

4 min read . 31 Jan 2024
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