FM Nirmala Sitharaman is set to present her seventh consecutive budget next month, breaking the record set by former prime minister Morarji Desai.
According to reports, Budget 2024 is expected to increase the income tax exemption limit under the new tax regime to ₹5 lakh from ₹3 lakh.
Ahead of the Union Budget 2024, the Confederation of Indian Industries (CII) has called for increased capital expenditure and pushed for reforms in key sectors.
According to a report, the Centre is planning to increase allocation for both the flagship schemes PM-Kisan Nidhi Samman and PM Awas Yojana.
The dividend of ₹2,10,874 crore from the RBI for the financial year 2023-24 will allow the government to spend more on capital expenditure.