Budget 2024 Financial News

05.01 / 12:38

Provident Manufacturing economy President Experts innovations 2024 budget 2024 Budget 2024: Skilled Online Games industry stresses for GST review ahead of vote-on-account

GST increase by the Finance Minister, that it has been hit with last year." Singh pointed out that this borderless industry, fueled by innovation, is facing an unlevel playing field for Indian companies, leading to closures, downsizing, and razor-thin profit margins. He highlighted the global scale of the Online Games industry, which is nearly three times the size of the combined worldwide Movie and Music industry.

05.01 / 11:27

Target economy Election inclusion reports 2024 budget 2024 Budget 2024: With eye on bond index inclusion, govt may shrink deficit by 70 bps

Union Budget 2024-25: Four income tax benefits you could expect from Finance Minister Nirmala Sitharaman. Details here The target will be between 5.2% to 5.4% of gross domestic product for the year starting April 1, according to officials with knowledge of the matter, who asked not to be named as the deliberations are private. A final decision will be taken closer to the budget presentation, due Feb.

05.01 / 11:23

UPS Provident CEO Gap security Experts recommendations 2024 budget 2024 Budget 2024: From GST reduction to expansion of Section 80 C, here's what the insurance sector is expecting

₹1.5 lakh to taxpayers for investing in various specific instruments and expenses like PPF, life insurance, ELSS, National Savings Certificate, etc. Experts believe there is an urgent need for a different tax exemption category for term insurance. “We have been asking the government to introduce a separate tax deduction limit for life insurance for the last 5 to 6 years but nothing has happened.

05.01 / 08:22

UPS Provident FIVE Citizens Election 2024 budget 2024 Budget 2024: Six income tax rule changes that Finance Minister Nirmala Sitharaman announced last year

Lok Sabha Election 2024 is due in April-May this year. From new tax regime to changes in rebates, let's take a quick look at six top income tax announcements made by Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023 The rebate limit in the new tax regime has been increased to ₹7 lakh, meaning that persons in the new tax regime with income up to ₹7 lakh will not have to pay any tax.

05.01 / 08:21

UPS Citi Provident Metro Election Deloitte trends 2024 budget 2024 Budget 2024: What to expect on the personal taxation front?

Union Budget 2024: Gita is your average software professional with a keen interest in following the daily trends of Indian economy to understand its impact – be it in the rise in prices of fruits or that of the stock market. She tends to connect the trends with RBI rates or FDI announcements. With upcoming year-end holidays, she is all geared up to appreciate the changes impacting her salary and plan for her new home in the next financial year.

04.01 / 08:10

COST Citi Citizens security Metro Healthcare 2024 budget 2024 Union Budget 2024-25: Four income tax benefits you could expect from Finance Minister Nirmala Sitharaman. Details here

personal income tax, particularly in the New Tax Regime, Gupta added. The deduction limit under Section 80D for medical insurance premiums should be increased from ₹25,000 to ₹50,000 for individuals and ₹50,000 to ₹75,000 for senior citizens, reflecting rising healthcare costs.

03.01 / 00:33

information 2024 budget 2024 Budget 2024 Trivia: February 1 vs February 28. Why Budget presentation date was changed?

Nirmala Sitharaman will rise in the Parliament to present the Interim Budget for fiscal year 2024-25 on February 1. Till a few years back, the budget was presented every year at the end of February. But why the parliamentary tradition was changed in 2017, and the Union Budget presented on February 1 instead of the month's end? In 2017, then Union Finance Minister Arun Jaitley announced that the Union Budget would no longer be tabled on the last working day of February as it used to be in the colonial era.

29.12 / 10:38

Provident Target Gap Deloitte Experts band recommendations 2024 budget 2024 Budget 2024: Higher capex to shift towards energy-efficient policies, here are key reforms expected

Also Read: Budget 2024: 10 experts share what they expect from the coming Budget According to Deloitte India, the upside risks in the current environment include strong economic growth, robust spending on infrastructure and recovery in the MSME sector. On the contrary, the downside risks include a rise in inflation, election uncertainties, geopolitical concerns and diverging demand gaps. “India will have to rely on its own domestic demand to drive its growth, specifically, private consumption and investment spending.

28.12 / 08:42

Provident Citizens Progressive Gap Death cover social 2024 budget 2024 Budget 2024: From tax benefits to coverage - here's insurance sector wishlist

No Taxation for Annuity Plans to Benefit Both Retirees and the Industry: Many Indians don't save enough for retirement, and the gap between needed and available retirement funds is expected to reach $85 trillion by 2050. To help close this gap, consider these steps: Investing in pension and annuity products is crucial for income after retirement. Making taxes simpler or removing them for these products will encourage more people to invest in these important financial protections.

28.12 / 04:35

Target Manufacturing economy Experts stage consequences reports 2024 budget 2024 Budget 2024: 10 experts share what they expect from the coming Budget

Budget 2024: What will the market look for in Vote on Account? Mint collated the views of 10 experts on what they expect from the upcoming Budget. Here's what they said: The Budget will largely be a non-event as it will be a Vote on Account and hence largely a report card with the election commission not permitting any major announcements on account of the ensuing general elections. That being said the fiscal numbers are likely to be in line with the budget estimates.

28.12 / 04:00

Progressive Manufacturing economy Experts performer stage consequences 2024 budget 2024 Financial Budget 2024: Expect new initiatives to boost manufacturing, says Satish Menon of Geojit Financial Services

Satish Menon, Executive Director of Geojit Financial Services underscores the exact nature of the Budget 2024 cannot be predicted at this stage. However, he expects new initiatives to boost manufacturing in India and government expenditure on Infra to flourish. In an interview with Mint, Menon also shares his views on the market and the sectors he is positive about. Edited excerpts: Our understanding is that the final budget will be after the general election, and the February Budget will act as a provisional one.

27.12 / 08:39

economy show performer 2024 budget 2024 Financial Budget 2024: No populist measures expected, says Seemant Shukla of JM Financial

populist measures are expected in the upcoming Budget. It would — in all likelihood — be pragmatic while there could be some extra push to infrastructure, says Seemant Shukla, Chief Business Officer (CBO) of JM Financial Asset Management. In an email interview with Mint, he speaks about the growing fascination for SIPs (Systematic Investment Plan) among retail investors, best performing sectors of 2023 and the expectations from the market in 2024.

25.12 / 09:42

LTC show cover Department 2024 budget 2024 Interim Budget 2024: Types of deficits and how they are calculated

Nirmala Sitharaman will be presenting her sixth Budget in 2024. The Budget will be presented on February 1, 2024. The upcoming Budget will be for the next financial year (starting April 2024 to March 2025) i.e. FY25.

25.12 / 04:42

Manufacturing economy Align show performer consequences information 2024 budget 2024 Budget 2024: No key announcement expected, says Santosh Singh of Motilal Oswal AMC

last Budget before general elections, Santosh Singh, fund manager of Motilal Oswal AMC, doesn't anticipate a multitude of significant announcements to be made. Apart from his expectations from the interim Budget and government's focus on manufacturing and development, he deconstructs the stupendous spike shown by the market and its likely reasons. Among many positive things likely to happen next year, the IT sector is expected to beat the expectations, says Santosh Singh in an email interview with Mint.

24.12 / 06:57

Manufacturing economy WhatsApp Experts performer information reports 2024 budget 2024 Budget 2024: Expect no big announcements; market to see stock-specific movements, says Yogesh Patil of LIC Mutual Fund

Yogesh Patil, Chief Investment Officer -Equity at LIC Mutual Fund. In an interview with Mint, Patil talked about the market's performance in 2023 and the outlook. Edited excerpts: The government has already announced many measures such as production-linked incentives (PLI) to propel economic growth.

23.12 / 07:11

Provident BLOCK Compilation President information Department recommendations 2024 budget 2024 Who will present Interim Budget 2024, and how is it prepared?

It is slated to be an interim budget since the Lok Sabha elections are scheduled for early next year. The budget-making process usually begins in September, over six months before the date of presentation. Making a budget is a time-taking process that entails numerous steps and consultations. Have you ever pondered the intricate process of crafting the budget? Comprising a multitude of financial proposals, its creation is no small undertaking.

22.12 / 08:54

Target Manufacturing Strategy economy Experts electronic consequences 2024 budget 2024 Budget 2024: Govt to keep infra development, manufacturing in focus, says Sonam Udasi of Tata Mutual Fund

Sonam Udasi, Senior Fund Manager at Tata Mutual Fund expects the Budget 2024 to continue on its stated path of fiscal deficit targets. Moreover, Udasi does not expect a populist budget ahead of the General Elections 2024. In an interview with Mint, Udasi shared his views on markets and the rise of retail investors.

21.12 / 10:53

CEO Action Strategy economy Experts social prevention 2024 budget 2024 Financial Budget 2024: Expect some relief on the personal income tax front, says Amitabh Mohanty of JM Financial

Amitabh Mohanty, MD and CEO of JM Financial Asset Management Ltd. In an interview with Mint, Mohanty shared his views on the Indian market and mid and small-cap space. Edited excerpts: It may not necessarily be a simple vote on account.

21.12 / 08:20

Waves Target FIVE Dreams President country information 2024 budget 2024 Budget 2024-25: NAREDCO seeks funds for completing stressed and stalled residential projects, input tax credit under GST

₹50,000 crore more fund under SWAMIH to complete stalled housing projects across the country, saying this will benefit consumers as well as the industry. The National Real Estate Development Council (NAREDCO) has suggested the finance ministry to come up with a second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund with ₹50,000 corpus in the upcoming Union budget for 2024-2025 fiscal year. In 2019, the Centre had created SWAMIH fund to complete stalled projects.

19.12 / 19:14

Provident Digital Manufacturing Enterprise country innovations 2024 budget 2024 Startup recap from Union Budget 2023: What entrepreneurs expect from FM Sitharaman's interim Budget 2024?

startups, young minds come together and manifest how creativity, innovation, and hard work can transform the way they work across various industries in the country. Startups are buzzing with ideas and energy, reflecting the optimistic outlook of the nation.

19.12 / 08:19

economy Align performer 2024 budget 2024 Budget 2024: Hope govt addresses inflation by considering tax reductions, say co-founders of Goela School of Finance

Harsh Goela and CFA Aditya Goela, Co-founders, Goela School of Finance, believe the upcoming budget will focus on rural economy's revival. They hope the government addresses inflation by considering tax reductions. Meanwhile, for the next year 2024, they advise diversifying beyond equities for a resilient portfolio to asset classes like real estate, fixed income, and precious metals.

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