The Finance Bill 2024, does not propose any change in the tax structure as the final budget will be tabled in July after the new government assumes office post the general elections in April-May

"The honorable Prime Minister has consistently emphasized our performance over the last 10 years, an era marked by substantial systemic reforms and a commitment to empowering people rather than entitlement"

While no detail drawing upon the mandate has been released, a finance ministry official said the terms of reference of the panel will be officially spelt out by the government in due course.

The Centre released a report titled ‘Indian Economy–A Review’, outlining India’s economic trajectory over the past decade. The report highlights ambitious projections, forecasting India to achieve a $5 trillion economy in the next three years, with aspirations to reach $7 trillion by 2030.

FM informed that nearly one crore women already become Lakhpati Didi till now.

Read below for all updates of the interim budget presented by Finance minister nirmala Sitharaman

Despite variations in expenditure, the fiscal deficit remained a critical concern over the years. In 2023-24, the revised fiscal deficit almost mirrored the previous year's figure, indicating challenges in managing expenditure against receipts.

President Murmu reflected upon India's significant accomplishments, including the passage of the Women's Reservation Bill, the nation's ascent to the fifth largest economy globally, the successful Chandrayaan-3 mission, and India's hosting of the G20 Summit.

In a written message commemorating the day, Sitharaman emphasized the significance of all stakeholders converging for the collective objective of fostering ease of doing business, particularly during India's transformative 'Amrit Kaal'.

Stamp duties are levied by the Central Government, but within the States are collected and appropriated by the concerned States in terms of provisions of Article 268 of the Constitution.

The ministry intensified upon the revenues that crossed 1,64,800 the previous month, about 1.8% lower than the amount collected in November, this marks the seventh successive month of ₹1.6 lakh crore-plus reciepts.

The announcement, made today, marks a crucial step in formulating fiscal policies that will impact the Union as well as the States. The Members of the Sixteenth Finance Commission will be notified separately, bringing together a diverse group of experts to deliberate on complex economic matters.