Cabinet Approves Union Budget 2024 Under Modi 3.0 Leadership

Tuesday, 23 July 2024, 04:57
The Cabinet, under the leadership of Prime Minister Modi, has given its nod to the Union Budget 2024. This budget, to be unveiled by Finance Minister Nirmala Sitharaman, is expected to bring significant changes in income tax and enhance ease of doing business. An Economic Survey anticipates a 7% growth in the medium term, underscoring the need for structural reforms and increased collaboration in various sectors. In conclusion, this budget aims to address critical economic challenges while fostering growth.
Economictimes
Cabinet Approves Union Budget 2024 Under Modi 3.0 Leadership

Union Budget 2024 Overview

The Cabinet, chaired by Prime Minister Modi, has approved the Union Budget for the year 2024. This marks a significant step leading up to its official announcement by Finance Minister Nirmala Sitharaman.

Key Focus Areas

  • Expected changes in income tax.
  • Initiatives to improve ease of doing business.

Economic Forecast

  1. The Economic Survey projects a medium-term growth of 7%.
  2. Emphasis on the necessity for structural reforms.
  3. Highlighting the importance of collaboration across sectors.

This budget aims to bolster the economic structure of India and tackle prevailing challenges while promoting overall growth.

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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