Budget 2024 Expectations Live Updates: As the Union Budget 2024 approaches, various sectors are abuzz with expectations for significant policy shifts and financial allocations. The real estate industry hopes for renewed tax reliefs and infrastructure investments, while the financial sector looks forward to grants for Bank Mitras. Environmental sustainability advocates urge for substantial funding to combat climate change, and the education sector anticipates a boost in teacher training and digital infrastructure. Taxation experts suggest increased personal deductions and GST simplification, whereas the banking sector eyes privatization and consumer tax relief. Â Budget 2024 is anticipated to play a crucial role in sustaining the country’s growth trajectory. Given that this is the first Union Budget following the Lok Sabha elections, there are expectations that Sitharaman may introduce income tax relief measures, aiming to increase disposable income for both the common man and the middle class. The Modi government is also likely to maintain its emphasis on capital expenditure, particularly in infrastructure development, to propel GDP growth.
Budget 2024 Expectations Live: Hospitality Industry’s Recognition as Infrastructure
Manbeer Choudhary, CMD of Jewel Classic Hotels Pvt. Ltd., advocates for the hospitality industry to be recognized as infrastructure. He highlights the industry’s potential to fuel economic growth, create jobs, and support tourism, urging the government to change its perspective towards the sector.
Budget 2024 Expectations Live: Environmental and ESG Focus in Upcoming Union Budget
Ankita Sameer Patwa, ESG Strategist and ISO Lead Auditor, calls for significant funding towards sustainability initiatives in the Union Budget. She urges the government to introduce policies that strengthen ESG practices and support MSMEs in adopting sustainable technologies and practices.
Budget 2024 Expectations Live: Support for Bank Mitras/Business Correspondents in Budget 2024-25
Seema Prem, co-founder and CEO of FIA Global, advocates for measures to support Bank Mitras/Business Correspondents in the upcoming budget. She proposes an infrastructure grant fund and the creation of the India Business Correspondent Equity Fund to enhance their operational efficiency and financial sustainability.
Budget 2024 Expectations Live: Hopes for Tax Incentives and Infrastructure Upgrades in Real Estate
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Heeralal Doshi, Founder and Chairman at Kinjal Group, anticipates significant policy shifts in the real estate sector under the Modi 3.0 government. He emphasizes the importance of tax incentives, infrastructure upgrades, and a single-window approval system to boost growth and efficiency in real estate construction.
Budget 2024 Expectations Live: Real Estate Sector’s Anticipations Ahead of Union Budget 2024-25
Kaushal Agarwal, Chairman of The Guardians Real Estate Advisory, and Heeralal Doshi, Founder and Chairman at Kinjal Group, express optimism for potential policy shifts in the real estate sector. They highlight the need for tax policy adjustments and incentives aimed at homeowners and developers, with expectations for continued infrastructure investment under the Modi 3.0 administration.
