Union Budget 2024-25 a highly awaited event of Indian economic calendar

 Introduction:

The Union Budget 2024-25 is a highly anticipated event in India's economic calendar, as it outlines the government's financial plans and priorities for the upcoming fiscal year. On July 23, 2024, Finance Minister Nirmala Sitharaman will present the budget to the Parliament, outlining the government's strategy for economic growth, infrastructure development, and social welfare programs.

Content:

The Union Budget for 2024-25 is scheduled to be presented by Finance Minister Nirmala Sitharaman on July 23, 2024. This will be the first budget presented by the Narendra Modi-led government since it was re-elected for a third term earlier in 2024.

Nirmala sitharaman (finance minister of India)

The budget presentation is a significant event in the Indian economic calendar, as it outlines the government's spending priorities and revenue projections for the upcoming fiscal year. The budget is expected to provide insights into the government's plans for economic growth, infrastructure development, and social welfare programs.

The budget is being presented at a time when the Indian economy is facing several challenges, including high inflation, a widening trade deficit, and a slowdown in economic growth. The government is expected to announce measures to address these challenges and revive economic growth.

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The budget is also expected to provide clarity on the government's plans for taxation, including any potential changes to income tax rates, corporate tax rates, and indirect taxes such as GST. Additionally, the budget may announce new schemes and initiatives for various sectors such as agriculture, education, and healthcare.

The budget presentation will be closely watched by investors, businesses, and individuals alike, as it has implications for the overall direction of the economy and the government's spending priorities. The budget will be presented in the Lok Sabha, the lower house of the Indian Parliament, and will be followed by a detailed discussion and debate on the budget proposals.

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Overall, the Union Budget for 2024-25 is a significant event that has the potential to shape the direction of the Indian economy and the government's spending priorities for the upcoming fiscal year. The budget is expected to provide insights into the government's plans for economic growth, infrastructure development, and social welfare programs, and will be closely watched by all stakeholders.

Summary:

The Union Budget 2024-25 is expected to address India's economic challenges, including high inflation and a slowdown in growth. The budget may announce measures to boost economic growth, infrastructure development, and social welfare programs. Taxpayers, investors, and businesses will be watching closely for changes to taxation policies, including income tax, corporate tax, and GST. The budget will have significant implications for the Indian economy and the government's spending priorities, making it a crucial event for all stakeholders.