Defining the GDP in her own way, the Finance Minister said, “Besides delivering on high growth, govt is equally focussed on more comprehensive GDP: Governance, Development and Performance.” “Our government has provided transparent, accountable and people-centric trust-based administration with citizen first and minimum government and maximum governance approach," she said.
Union Budget 2024: Our government is working towards development which is all-round, all-inclusive and all-pervasive. It covers all castes and people at all levels. We are working towards making India a Viksit Bharat by 2047, said FM Sitharaman while presenting the Interim Budget: Here are all the top Budget 2024 highlights:
“In 2014, the country was facing enormous challenges, the government overcame those challenges and undertook structural reforms, pro people reforms were undertaken, conditions for jobs and entrepreneurship were set in, fruits of development started reaching people at scale, country got a sense of new purpose and hope,” Finance Minister said.
Union Budget 2024: This will be FM Sitharaman's sixth budget in a row. By reading out the Interim Budget for FY 2024-25, Sitharaman will surpass the record of her predecessors such as Arun Jaitley, Manmohan Singh, P Chidambaram, and Yashwant Sinha, all of whom have presented five Budgets in Parliament.
As the Union Budget 2024 unfolds, join BFSI leaders - K Paul Thomas, Shubhada Rao, Dhiraj Relli, Alok Rungta, and KV Srinivasan - in a LIVE discussion dissecting the economic roadmap. Tune in tomorrow at 4 PM across ETBFSI’s LinkedIn, YouTube, Twitter, and Facebook.
Hinting winning polls and his government’s return to power, the Prime Minister said in his address that a full Budget will be presented in July.
She highlighted that today, 46% of the world’s total real-time digital transactions take place in India. India has recorded 1200 crore UPI transaction last month. This amounts to a record transaction of Rupees 18 lakh crore. “Other countries of the world are also now providing the facility of transactions through UPI,” she said.
Since the country is heading for Lok Sabha elections, Finance Minister Nirmala Sitharaman will not be presenting a full-fledged Budget for the financial year 2024-25, but instead will be presenting an interim budget or vote on account. While both terms are interchangeably used, they are different. ETBFSI explains you what is a Vote on Account and how is it different from Interim Budget.
Hear from Abheek Barua of HDFC Bank, Krishnan Sankarasubramaniam of Tamilnad Mercantile Bank, Tarun Chugh of Bajaj Allianz Life, and Manish Shah of Godrej Capital on the intersection of fiscal strategies, private capex dynamics, poverty line redefinition, and crucial interventions for MSMEs.
Interim Budget: The upcoming budget will be an interim budget rather than a full annual budget. The budget becomes a strategic pause that allows stakeholders to reassess and prepare for the unfolding landscape. Financial service providers are establishing 'Digital Banking' committees to assess and improve digital inclusion. Regulatory and tax relaxations are being considered to protect against fraud, ensure data privacy, and encourage digital innovation. The International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) is an example of India's ambitions to become a global financial leader.
Join us today, January 25, 2024, for the fourth and final episode of our pre-budget panel discussion series. From 1:30 PM to 2:30 PM, LIVE on ETBFSI’s LinkedIn, Facebook, Twitter, and YouTube, industry stalwarts will engage in a dynamic dialogue sharing their expectations and insights on the upcoming Union Budget and the understanding of budgetary implications across various sectors.
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