The Finance Minister presents the Union Budget in Parliament. This presentation includes an
overview of the economic situation, policy proposals, and detailed allocations for various
sectors.
The Union Budget in India is a comprehensive financial plan presented annually by the
government, outlining its revenue and expenditure for the fiscal year. It plays a crucial role
in shaping economic policies and allocating resources.
The Union Budget is typically presented in Parliament at the end of February. However, the exact
date can vary each year.
The Union Budget may introduce changes in tax policies, rates, and exemptions, affecting
individual taxpayers. It's essential for individuals to stay informed about any amendments that
might impact their financial planning.
Individuals should pay attention to allocations for sectors like health, education,
infrastructure, and social welfare, as well as any changes in tax policies, subsidies, and
economic growth projections.
You can find detailed information about the Union Budget on the official website of the Ministry
of Finance, Government of India, or through reputable news sources.
The budget outlines allocations for social welfare programs, education, healthcare, and other
development initiatives. Understanding these allocations helps individuals gauge the
government's commitment to social development.
Stay informed through official government sources, tax department notifications, or consult tax
professionals to understand any changes in income tax rules.
The budget may include measures to encourage startup growth, such as tax incentives, funding
programs, and policy reforms.
The budget typically includes allocations for agricultural development, rural infrastructure,
and welfare programs for farmers.
Changes in the budget may influence monetary policy, affecting interest rates on loans and
savings. Keeping an eye on these changes is essential for financial planning.
The budget allocates funds for infrastructure projects, such as roads, railways, and urban
development, to enhance connectivity and economic growth.
BUDGET 2024 UPDATES
Banks Finding It Difficult to Raise Deposits Depositors Shifting to Alternative Investments
Increase in Inflation Was Driven by Food Component Which Remained Stubborn
Flexible Inflation Targeting Framework Has Worked Well
To Reduce Window of Cheque Clearing; to be Cleared Within Few Hourse Of Presentation
Transaction Limit of Tax Payment Through UPI Raised to Rs.5 lk From Rs. 1 lk
Public Repository Of Digital Lending Apps Will Help Identify Unauthorised Lending Apps
Propose is to Introduce Facility of Delegated Payment in UPI
Current Account Deficit Remains Eminently Manageable in Current FY
FDI Flows Picked Up in FY25, Gross FDI Up 20% in April-May
Alternative Investment Avenues Are Becoming More Attractive To Retail Customers
Banks Are Taking Greater Recourse To Short-Term Non-retail Deposits
Food Inflation Contributed to More Than 75% Of Headline Inflation In May & June
Many Central Banks Moving Toward Policy Pivots, Some Have Tightened Rates As Well
Market Participants Must Keep In Mind India's Robust Fundamentals
As Of Aug 7, Indian Rupee Remained Range Bound In FY25
RBI Remains Committed To Ensure Orderly Evolution Of Financial Markets
Term Premium Has Remained Steady In Recent Months
10-year India Bond Yield softened Further In July
BI Will Continue To Be Nimble, Flexible In Liquidity Management
AS Of Aug 7, Indian Rupee Remained Range Bound In FY25
Global Developments Have Implications For Emerging Market Economies
Public At Large Understands Inflation In Terms Of Food Inflation Than Other Components
MPC May Look Through High Food Inflation If It Is Transitory
Yields On Certificates Of Deposits, 3-month Treasury Bills Softened
Term Premium Has Remained Steady In Recent Months
Transmission In Credit Market Remains Ongoing
In Environment Of High Food Inflation, MPC Can't Afford To Look Through It
MPC To Remain Vigilant To Prevent Spillovers Or 2nd-round Effects From Persistent Food Inflation
Cannot And Should Not Become Complacent Because Core Infaltion Has Fallen
MPC May Look Through High Food Inflation If It Is Transitory
Public At Large Understands Inflation In Terms Of Food Inflation Than Other Components
Can't Become Complacent Merely Because Core Inflation Has Fallen
Seeing Considerable Divergence Between And Core Inflation
Real GDP Growth In Q3 FY25 Seen At 7.3%
FY25 Inflation Projection At 4.5%
Q1 FY26 Inflation Seen At 4.4%
Target Is Headline Inflation, Where Food Inflation Has Weightage Of 46%
Food Inflation Pressures Can't Be Ignored
Real GDP Growth For FY25 Projected At 7.2%
Q1 GDP Growth Seen 7.2% Vs 7.2% Earlier
Q1 FY26 Real GDP Growth Seen At 7.2%
SDF Rate Unchanged 6.25%
PMI Services Stood Strong At 60.3 In July And Remained Above 60 In 7 Consecutive Months
Near-Term Outlook Looks Positive For Global Growth
Significant Challenges To Medium-Term Global Growth Outlook
IIP Growth Accelerated In May This Year
PMI For Manufacturing At 58.1 In July Remained Elevated
Servieces Sector Retained Buoyancy
Inflation Is Receding Grudgingly Across Major Economies
Inflation Is Receding Grudgingly Across Major Economies
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