Join us as we present you with Indian live updates and insights on the Union Budget announcement by Finance Minister Nirmala Sitharaman, expected in July.
Union Budget 2024 Date and Time
Finance Minister Nirmala Sitharaman emphasized the Centre’s support to states with timely tax devolution and GST compensation arrears to boost growth on Saturday. At the pre-budget meeting with state finance ministers, Sitharaman encouraged states to utilize the scheme where the Centre offers a 50-year interest-free loan for specific reforms.
She also highlighted the government’s support through timely tax devolution, Finance Commission grants, and GST compensation arrears to stimulate growth, according to an official statement.
Pre-Budget Meeting Highlights
During the pre-budget meeting, key points discussed included:
- Tax Devolution and GST Compensation: Sitharaman reiterated the Centre’s commitment to supporting states through timely tax devolution and clearing GST compensation arrears.
- 50-Year Interest-Free Loan Scheme: She encouraged states to take advantage of the 50-year interest-free loan scheme designed for specific reforms.
- Stimulating Growth: Emphasis was placed on using these financial aids to boost state-level growth and infrastructure projects.
Budget 2024-25 Timeline
According to the latest reports, the Union Budget 2024-25 will be presented in the third week of July, coinciding with the commencement of the Monsoon Session of Parliament. The Monsoon Session is set to begin on July 22 and is likely to continue until August 9.
What to Expect
Stay with us here as we provide real-time updates, insights, and expert opinions on what to expect from the upcoming budget. The focus will be on growth, financial aid to states, and strategic reforms to boost the economy. Follow our live coverage for the most accurate and up-to-date information on the Union Budget 2024.
For more detailed updates and insights, follow our live coverage.
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