IGI Logo

Below the Quote on Union budget 24-25 by Mr. B.K. Bajaj, CEO, Infomerics Valuation and Ratings

Mrs. Nirmala Sitharaman presented her seventh consecutive budget on July 23, 2024. She thus crossed the earlier record held by Shri Morarji Desai.

The doubling of the upper limit of Mudra loans to Rs 20 lakh would promote entrepreneurship in India. In another welcome move, SIDBI will open new branches to expand its reach to serve all major MSME clusters within three years and provide direct credit to them.

The government's reduction of import duties on gold and silver to 6 per cent from 15 per cent would boost retail demand and help curtail smuggling in the world's second-biggest bullion consumer. 

This budget, which is focused on centre-state policy coordination, income tax slabs, robust capital expenditure, and better macroeconomic stability, is well-conceived. This budget would thus pave the way for consolidation of India’s position in the comity of nations. 

Above views are of the author and not of the website kindly read disclaimer