India’s Finance Minister Nirmala Sitharaman announced significant funding in the Union Budget 2024 for the development of temple corridors in Bihar and Odisha, aiming to transform them into world-class pilgrim and tourist destinations. The Kashi Model will be implemented in Bodh Gaya, while Rajgir will also receive comprehensive development initiatives. The government aims to enhance tourism infrastructure and promote religious and cultural heritage sites across the country.
The Indian government has committed ₹1,000 crore to space technology development in its Budget 2024, aiming to support over 180 space startups and bolster the country’s position in the global space industry. This investment will encourage private sector participation in space exploration and commercialization, driving technological advancements and creating new opportunities for businesses.
Finance Minister Nirmala Sitharaman is set to present India’s 7th consecutive budget on Tuesday, outlining a roadmap for a developed India by 2047. The budget is expected to include tax relief for the middle class, fiscal deficit reduction, and increased capital expenditure. Key figures to watch include fiscal deficit, capital expenditure, tax revenue, GST collection, borrowing, nominal GDP, and dividends from the RBI and financial institutions.
India’s Finance Minister Nirmala Sitharaman is set to present the much-anticipated Budget 2024 on Tuesday, outlining the government’s economic roadmap for the year. Key expectations include income tax relief, supporting economic initiatives, and maintaining fiscal responsibility under the Viksit Bharat 2047 Vision. This article delves into the potential changes in income tax, capital gains tax, and the overall impact on the Indian economy.
