Union Budget 2024 Release Date
Till now the coming Union Budget 2024 exact date is not known. Normally, the full-year budget is presented in the first or second week of July in general election years.
The first budget of Modi 3.0 that FM Nirmala Sitharaman will present is anticipated to concentrate on the measures to elevate economic growth without harming Inflation.
Most Important Essential Policy Priorities
- To continue economic growth, keeping the momentum in capital expenditures is important, with investments in infrastructure and development projects.
- Addressing issues in the agriculture sector to reduce the stress in the agriculture sector, assuring the welfare of farmers and agricultural productivity.
- Concentrating on creating employment chances. Job creation is an influential focus, with the policies that are targeted to generate employment opportunities across various sectors.
- Assuring the growth in the revenue to comply with the fiscal consolidation.
Strong and Managed Economy
The government is beginning with a robust and well-managed economy. A large financial boost amounting to Rs 2.11 lakh crore for the FY 2024 has been allotted by the Reserve Bank of India (RBI).
GST Tax Reforms
To implement GST 2.0, the GST Council will be required to address tax rate and slab rationalisation, improving the tax system’s efficiency.
Quickly GST Reforms for $5 Trillion Economy
The budget comprises the initiatives to accomplish the goal of making India a $5-trillion economy and a ‘Viksit Bharat’ by 2047.
Growing Scope of the Ayushman Bharat Scheme
Expanding the Ayushman Bharat scheme to contain senior citizens aged 70 and above is an influential move to enhance their access to health insurance.
