Live Updates and discussion on Interim Budget 2024-2025

Page no : 3

Aarika (Finance Professional) (2260 Points)
Replied 01 February 2024

83 lakh self help groups with 9 crore women are transforming rural socio-economic landscape.
Success of self-help groups empowered 1 crore women to become "Lakhpati didis" #FM

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Mita Basak (Professional) (1921 Points)
Replied 01 February 2024

FM says the government will push for bilateral treaties with foreign partners in the spirit of 'First Develop India'

Ayush (Executive ) (6765 Points)
Replied 01 February 2024

For promoting green growth, the new scheme of bio mfg and biofoundry will be launched : FM #unionbudget2024-25

Prajjwal (*) (402 Points)
Replied 01 February 2024

Budget 2024: Revised estimate of fiscal deficit is 5.8% of GDP, says FM

Aim to reduce fiscal deficit to below 4.5% by FY26. FY25 gross market borrowing seen at Rs 14.13 lakh cr

Shivani (Finance Professional) (7007 Points)
Replied 01 February 2024

FM Nirmala Sitharaman : States will be urged to develop iconic tourist destinations comprehensively and promote them globally.

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Aisha (Finance Professional) (8104 Points)
Replied 01 February 2024

Projects for port connectivity, amenities will be taken up on islands, including Lakshadweep #FM

Mita Basak (Professional) (1921 Points)
Replied 01 February 2024

Sitharaman says 'our government' to present Full Budget in July where our government will present a detailed roadmap for our pursuit of Viksit Bharat.

Niyati (Student) (7830 Points)
Replied 01 February 2024

FM Nirmala Sitharaman said Over the last 10 years, tax collections have more than doubled.

FY25 tax receipts seen at Rs 26.02 lakh crore

Mita Basak (Professional) (1921 Points)
Replied 01 February 2024

No announcement for taxpayers :

"I do not propose to make any changes to taxation and proposed to retain same tax rates for direct and indirect tax rates including import duties" Said FM

Shivani (Finance Professional) (7007 Points)
Replied 01 February 2024

CRISIL highlights that developing commodity-specific rail corridors can ease congestion, particularly in eastern India, boosting freight movement speed and reducing logistics costs, ultimately enhancing India's manufacturing competitiveness #FMSitharaman

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Mitali (Finance Professional) (15429 Points)
Replied 01 February 2024

FM #Budget2024
FY24 fiscal deficit seen at 5.8% of GDP
FY24 total expenditure revised to ₹ 44.90 lakh crore
FY 24 total receipts other than borrowings is ₹ 27.56 lakh crore
FY24 tax receipts are ₹ 23.24 lakh crore
FY25 fiscal deficit seen at 5.1%
Aim to reduce fiscal deficit to below 4.5% by FY26
FY25 gross market borrowing seen at ₹ 14.13 lakh crore

Niyati (Student) (7830 Points)
Replied 01 February 2024

GST has reduced the compliance burden on Trade and industry says FM #Budget2024

Mita Basak (Professional) (1921 Points)
Replied 01 February 2024

#FM #Budget24-25 Benefits for startups :

Tax benefits for start-ups will be extended to March 31, 2025.
Investments by sovereign wealth funds and pension funds will be tax-free for one extra year.
The government will withdraw some outstanding direct tax demands.