Interim Budget 2024

Interim Budget 2024: All You Need to Know in a Nutshell

Exciting updates on the upcoming Interim Budget 2024 and what to expect from Finance Minister Nirmala Sitharaman! #Budget2024 #InterimBudget

With the Interim Budget 2024 just around the corner, Finance Minister Nirmala Sitharaman is gearing up to present her sixth union Budget on February 1. The budget is expected to focus on simplifying tax procedures for taxpayers, potentially bringing relief to various sectors like auto, IT, and real estate. This interim budget will serve as a vote on account tabled ahead of the Lok Sabha Elections.

The market has already witnessed significant movements, with shares of companies like IRFC, Suzlon Energy, and REC Ltd soaring post the last Budget. Investors are keen to see how the budget announcements will impact these sectors and stock prices. Additionally, there is anticipation regarding any relief measures for debt mutual fund schemes, following the Finance Bill 2023 amendment.

As the Modi government gears up for the general elections, the Interim Budget is expected to be a reflection of their strategic financial approach. The budget presentation will shed light on the expenditures and revenues until a new government formation. Stay tuned for live updates on the Budget day to catch all the action as it unfolds!

In past Budgets, Finance Minister Nirmala Sitharaman has made significant allocations, such as INR 89155 crore to the Ministry of Health and Family Welfare in the Union Budget 2023-24. This indicates a commitment to the health and well-being of the nation. Moreover, the sharp rise in share prices of companies post-budget announcements showcases the impact of government policies on the stock market, influencing investor sentiments and market dynamics.