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Latest news India : Finance Minister Nirmala Sitharaman plans to offer her seventh Union Budget in a row for the 2024-25 economic year on July 23. She’s beaten the old document set by using former Prime Minister Morarji Desai. This price range is the primary one from the BJP-led NDA authorities when you consider that they received again in June.
Things are different from 2019 when the BJP had 303 seats inside the Lok Sabha. Now they have 240 seats. This trade manner that operating with other parties and what nearby partners want could be a big deal. Having fewer seats would possibly show that people were not glad with how the government dealt with money stuff from 2019 to 2024. That’s why every body’s excited to see what’s on this Budget.
The government wants to deliver it right down to 5.1% for 2024-25. Since personal taxes make up a large chew of direct-tax money, the authorities may not make adjustments that might cut into tax sales.
Before the Union Budget, Sitharaman showed the Economic Survey for 2024 to the Lok Sabha on July 22. The Survey thinks India’s GDP will grow between 6.5% and 7% in 2025. This is less than the 8.2% growth they thought we’d get last year.
