2024 Union Budget: Finance Minister Sitharaman's Key Announcements Impacting India Inc.

Tuesday, 23 July 2024, 06:08
The live updates from the 2024 Union Budget reveal significant measures introduced by Finance Minister Nirmala Sitharaman aimed at boosting consumption and enhancing the growth of the electric vehicle (EV) and renewable energy sectors. Key proposals include tax holidays, GST exemptions, and grants under the Production Linked Incentive (PLI) scheme. These initiatives are expected to drive investment and innovation within the industry, ultimately contributing to India's economic development.
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2024 Union Budget: Finance Minister Sitharaman's Key Announcements Impacting India Inc.

Live Updates from the 2024 Union Budget

As Finance Minister Nirmala Sitharaman commenced her budget speech, India Inc is optimistic about the announcements that could significantly impact various sectors.

Key Measures Announced

  • Tax Holidays for promoting investment in electric vehicles.
  • GST Exemptions aimed at reducing costs for manufacturers.
  • Grants under PLI Scheme to catalyze growth in renewable energy.

These measures are part of the government's broader strategy to enhance the economic landscape of India.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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