Interim Budget 2024: Online gaming and esports industries have had an eventful 2023 owing to the GST Council's decision to impose a blanket 28% tax. Here's what the industries expect in the Budget
The government is aiming to narrow the fiscal deficit to 4.50 per cent of GDP by the end of the 2025-26 fiscal year (FY) from 5.90 per cent in the current year to end-March 2024
An additional interest subvention of 3 per cent per annum is also being provided to farmers who repay on time. Farmers can also avail long term loans but interest rate is as per the market rate
IPMA President Pawan Agarwal urged the government to keep paper and paperboard on the negative list while reviewing the existing FTAs (ASEAN, South Korea and Japan) and formulating new ones
The think tank said that Indian manufacturers "must pay" duties on smartphones sold within India, but exports should be exempted from such duties
The Centre's gross tax revenues is expected to exceed the Budget estimates of Rs 33.6 trillion by Rs 60,000 crore
The government aims to propel economic growth with a higher capital expenditure target for central public sector enterprises (CPSEs) in the upcoming financial year
Most economists see govt meeting FY24 target despite risks from weaker than budgeted nominal GDP growth and disinvestment shortfall
In the upcoming Budget too, the government is expected to earmark a large amount towards capex as such investment has a multiplier effect on the economy and it also crowds in private investment
It urged the government to introduce the Diamond Imprest Licence again and cut import duties
At present, 2.5 per cent import duty is levied on ferro nickel and 5 per cent on ferro molybdenum
The government is aiming to narrow the fiscal deficit to 4.50% of GDP by the end of the 2025-26 fiscal year (FY) from 5.90% in the current year to end-March 2024
Emkay Research study shows fiscal deficit trend much healthier than in FY19
The project is estimated to cost Rs 7,500 crore and will extend from Rithala in Delhi to Kundli in Haryana, which is the sixth corridor of the phase IV project
A clearer definition of gross revenue, GST exemption also sought
Interim Budget 2024: Who holds the record for reading the most number of budgets in India and other interesting Budget facts
Currently, Production-Linked Incentive (PLI) scheme is available for 14 sectors
He said actual subsidy expenditure would have been lower if freight charges had not risen due to Red Sea crisis
Interim budget 2024: In a bid to improve the direct tax system, the finance ministry had introduced a simplified optional new income tax regime in 2020-2021
Interim Budget 2024: The govt estimates reveal a significant housing shortage of over 20 mn homes in rural areas. While the same for urban areas stands at 1.5 mn homes, according to industry experts