Budget 2024: What to expect from Sitharaman’s interim budget presentation
The article featured on NDTV discusses Union Finance Minister Nirmala Sitharaman’s impending presentation of an interim budget ahead of the Lok Sabha elections in April and May. This will mark her sixth consecutive budget presentation, tying the record set by former Prime Minister Morarji Desai. The interim budget is scheduled for presentation at 11 a.m. on Thursday, with the full budget expected to be delivered by the newly-elected government around July. While the interim budget may not include major policy changes or significant announcements, expectations remain high, particularly among salaried taxpayers who anticipate alterations in income tax slabs, an increase in the standard deduction limit, and adjustments to exemptions under Sections 80C and 80D. Additionally, there is anticipation among micro, small, and medium enterprises (MSMEs) for policies aimed at streamlining regulatory procedures, reducing compliance burdens, and enhancing access to loans under Prime Minister Narendra Modi’s leadership.
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