Budget Expectations News

The upcoming Union Budget may focus on boosting consumption through tax cuts or increased spending on consumer-focused areas, with apprehensions of a market correction looming.

Get insights into the key factors shaping Nirmala Sitharaman’s budget for 2024-25.

Banks are seeing a significant shift in customer deposits to higher yielding fixed deposits and other investment avenues such as mutual funds and equities, said Ashwini Kumar Tewari, managing director of State Bank of India.

Budget announcements have historically led to market volatility, with outcomes varying in the short and long term. A focus on fundamentals and post-announcement analysis is advised for investors.

Budget 2024: Middle Class Urges The FM To Cut Taxes & Tackle Inflation; High Education Costs The middle class forms the largest chunk of the Indian population and they have the highest expectations from the budget 2024. Especially when it comes to income tax and cost of living. Mint goes out on the street and asks the middle class their expectations from the union budget 2024, their complaints and their demands from the FM Nirmala Sitharaman.

Budget 2024: Given the encouragement to use electric vehicles, Rule 3 could be suitably amended to bring in the valuation mechanism for electric vehicles.

The wish list also includes policies and security measures to curb cyber threats and frauds, support for open banking policies, a cloud payments platform for banks, and investments in AI and blockchain.

Emkay predicts stable tax revenue, minor personal tax rate adjustments, and reduced net market borrowings for FY25. The budget for FY25 aims to balance fiscal discipline with increased capital expenditure and targeted welfare spending in a challenging economic and political environment.

As the government readies to present its first full budget of the current Lok Sabha, it has lined up six bills—that deal with a range of industries, from Aviation to rubber and coffee, among others—to present in the upcoming Budget session.