Budget 2024: What’s in store for middle class this time?
Keeping General Elections 2024 in mind, govt may surprise the middle class with some bonanza on housing, income tax or consumption front
Keeping General Elections 2024 in mind, govt may surprise the middle class with some bonanza on housing, income tax or consumption front
Govt may aim for measures to improve consumption in the near term; further reforms on the taxation front likely
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
Battery recycling startup Lohum expects the government to reduce the goods and services tax (GST) on waste lithium-ion batteries from 18% to 5%.
One of the key demands of the real estate sector is a separate section for the tax deduction on housing loan principal repayment, which is currently under Section 80C.
India has done a commendable job as compared to other member countries with the highest GDP growth and lowest inflation. However, fear of an impending recession is still lurking.
Hospitality in India has borne the brunt of a disarrayed economy induced by the pandemic. Extensive financial aid is pivotal to get it back on its feet.
As the economy rolls with the ebb and flow of the pandemic, sustained efforts are needed to keep the growth momentum going.
Highway ministry, railway ministry, housing, and health may get larger share in the capital expenditure allocation this Budget.
Founders expect policy action on issues concerning GST, debt financing norms, and tax reliefs.