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Budget Presentation Date And Time

Union Budget 2024: India's Finance Minister to Present Amidst Global Economic Turbulence

Budget Presentation Date and Time

The Union Budget for the fiscal year 2024-25 will be presented to the Lok Sabha on July 23 at 11 am by Finance Minister Nirmala Sitharaman.

Economic Context and Challenges

The upcoming Union Budget comes at a time when the global economy is facing significant uncertainties, including geopolitical tensions, supply chain disruptions, and inflation. India's economy is also grappling with rising prices, a widening trade deficit, and concerns over fiscal sustainability.

Budgetary Expectations

The focus of Union Budget 2024-25 is likely to be on:

  • Stimulating economic growth through infrastructure spending
  • Providing tax relief to taxpayers across all segments
  • Addressing fiscal consolidation concerns
  • Promoting job creation and entrepreneurship

Key Announcements and Allocations

Some key announcements and allocations expected in the budget include:

  • Increased capital expenditure outlay
  • Conversion of normal rail bogies to high-speed bogies
  • Changes in the income tax structure
  • Measures to boost affordable housing

Impact on Various Sectors

The Union Budget 2024-25 is expected to have a significant impact on various sectors, including:

  • Infrastructure
  • Manufacturing
  • Real estate
  • Financial services

Conclusion

The Union Budget 2024-25 is eagerly anticipated as it will provide a roadmap for India's economic recovery and growth. Finance Minister Sitharaman faces the challenge of balancing fiscal discipline with the need to support economic growth in an uncertain global environment.


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