Union Budget 2024 Expectations: Will Prime Minister Narendra Modi stick to fiscal prudence, or promise dole-outs to push demand? Will the government continue to focus on infrastructural spending, or cut taxes to benefit the middle class? Will the government announce an Employment Linked Incentive scheme, or increase the annual payment under the PM Kisan Samman Nidhi? Or will it be all of this?
The first Budget is usually the one where the central government takes the toughest decisions, but the Narendra Modi government (with a weakened majority) would also not want to hamper its chances of winning the three upcoming state elections. Therefore, speculations are doing the rounds on what the upcoming Union Budget, set to be presented by Union Finance Minister Nirmala Sitharaman on Tuesday (July 23), will look like.
The Budget also comes amid expectations that the Narendra Modi government will loosen its purse strings as it is set to receive a Rs 2.11 trillion dividend from the Reserve Bank of India.
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