interim budget 2024

interim budget 2024 for students: The interim budget 2024 being presented by Finance Minister Nirmala Sitharaman is poised to shape the future of education in India, and students should be attentive to the key announcements that can impact their academic and financial journey. By staying informed, students can better navigate the evolving landscape and make informed decisions about their academic pursuits and future careers.

As the Interim Budget for 2024 approaches, experts anticipate a heightened focus on the education sector. The key expectations include substantial investments in AI-based technology, a progressive policy framework, and increased research and development (R&D) expenditure. There is a consensus to strengthen the ongoing NIPUN Bharat initiative for foundational skills in early education. Experts also express a wish for increased allocations for Skill Education and support for doctoral scholars across disciplines. These measures aim to foster a comprehensive approach to educational development, addressing the evolving needs of India's academic landscape.

The proposals span a spectrum of sectors, ranging from public investments to support for micro, small, and medium-sized enterprises (MSMEs), innovation, taxation, and the burgeoning start-up ecosystem.

The finance minister set the stage for a "Viksit Bharat by 2047", on the core principles of ‘Sabka Saath’, ‘Sabka Vikas’, ‘Sabka Vishwas’, with ‘Sabka Prayas’ being added as a new theme in the interim Budget.

The upcoming interim budget 2024-2025, part of Parliament's Budget session, serves as a temporary financial plan until the new administration takes over. FM Nirmala Sitharaman will present the Union Budget 2024, listing budgetary allocations and revenue collections. The Budget session begins in late January and includes important reports like the Economic Survey.

Finance Minister Nirmala Sitharaman will present the interim budget 2024 on February 1, 2024. The previous Budget included a substantial capital expenditure initiative to stimulate economic growth, with an allocation exceeding 3% of GDP. This capex push has fostered growth and attracted private sector investment. Analysts have identified it as a catalyst for India's economic growth. The Gross Fixed Capital Formation (GFCF) to GDP ratio has increased, positioning India to be less affected by a potential global slowdown.

The Union Finance Minister Nirmala Sitharaman presented the interim budget 2024-25 today, outlining the government's plan for the remaining term. The comprehensive budget is scheduled to be presented only after the Lok Sabha elections 2024, subsequent to the formation of a new Union government. Check out the key highlights for education sector and youth from FM Sitharaman's budget speech in the Parliament.

The Finance Minister on February 01, 2024, delivered a truly innovative interim budget. At first glance, it did not seem like an interim budget but looked more like the budget to drive further growth and a continuum of inclusive growth-oriented investments.

interim budget 2024 tourism expectations: According to a report, the tourism sector is also projected to contribute $250 billion to the country’s GDP by 2030, which can generate employment for 137 million individuals.

Finance Minister Nirmala Sitharam stated that significant announcements should not be expected in the upcoming interim Budget for 2024. The education budget from FY15 to FY24 focused on addressing teacher shortages, enhancing skill development, and improving educational quality. Before the interim budget 2024, here's a look back at last 10 years' education budget under Modi government

Union Budget 2024: Finance Minister Nirmala Sitharaman has announced that the upcoming budget of the Modi government will be an interim budget, with no major announcements, as the Lok Sabha elections are scheduled for early next year.

Micro, small, and medium enterprises (MSMEs) and agriculture, two crucial sectors of the economy employing a large portion of India’s population, require enhanced access to credit and other facilitations. A World Bank report, titled MSME Finance Gap, released in 2018, estimates the global credit gap in the MSME segment at nearly $5 trillion.

The 2024 Budget is expected to prioritize infrastructure spending to maintain economic growth and reduce the fiscal deficit. The budget may focus on political messaging, inclusive growth, and cautious spending. It could include changes in the income tax regime, subsidies, and an extension of the free foodgrain program.

India Budget 2024: Finance Minister Nirmala Sitharaman should include more tier-2 cities in the list of metro cities for the purpose of calculation of exemption for House Rent Allowance (HRA), says EY in its pre-Budget 2024 wish list.

The selloff by foreign institutional investors (FIIs) has been particularly pronounced. Rupee has seen its worst financial year in over 14 years, breaching the 95 per dollar mark in trade on the last trading day (March 30) of the fiscal year.

Finance Minister Nirmala Sitharaman’s sixth Budget which is an interim budget promises to be responsible despite this being an election year.

The interim budget 2024-25 unveils strategic initiatives for the travel, hospitality, and aviation sectors in India. Cordelia Cruises welcomes the budget, recognizing tourism's pivotal role in economic growth. They eagerly anticipate leveraging the opportunities presented by the budget, including reforms in Tax Collected at Source, to elevate India's position as a global tourism destination.

Budget 2024 expectations: As the nation experiences a surge in temple tourism, Giresh Kulkarni, the founder of Temple Connect and the International Temple Convention and Expo (ITCX), shares his expectations from the upcoming budget, particularly focusing on the temple and spiritual sector.

Union Budget 2024 is eagerly awaited by the education sector, seeking increased allocations and a robust foundation for the National Education Policy (NEP). Stakeholders anticipate a focus on effective NEP implementation, enhanced funding for design education, and technological advancements to propel education towards a brighter future.

Realtors hail Budget 2024 proposal of launching scheme to help middle-class people buy or build homes, boosting demand for residential properties and aiding overall growth of real estate sector.

The Indian government is taking steps to implement the National Education Policy (NEP) 2020 and further assistance is expected in the forthcoming budget 2024. Efforts are being made to disseminate information, support educational institutions, and enhance the functionalities of portals. The University Grants Commission (UGC) has issued guidelines for setting up campuses of foreign universities in India.

This article discusses the expectations for Budget 2024 in India. One of the key areas that needs attention is the inadequate infrastructure in popular tourist destinations. Limited transportation options and poorly maintained roads hinder accessibility and visitor experience. To address this, it is suggested to auction small portions of lands managed by the Archaeological Survey of India to hoteliers.

Budget 2024 expectations: The Production Linked Incentive (PLI) scheme will drive industrial capital expenditure (capex) of Rs 3-3.5 lakh crore over its duration. It will constitute 8-10% of total capex in key industrial sectors over the next 3-4 years. The scheme will also offer incentives amounting to Rs 1.8-1.9 lakh crore and generate incremental revenue of about Rs 30 lakh crore over its lifespan.

Budget 2024: One common ask every year is that the limit for deductions under Section 80C should be hiked from Rs 1.5 lakh. This limit was last revised in the 2014-2015 Budget from Rs 1 lakh.

Budget 2024: Progressive taxation could prevent the concentration of income in the hands of a few rich individuals and help plug the inequality gaps in the Indian society.

Union Budget 2024 income tax: Finance Minister Nirmala Sitharaman is expected to present the interim budget 2024 on February 1, 2024. Tax experts feel that there is a case for the standard deduction to be hiked.