Expectation is that the government may continue with indicated allocation of funds for Capex in interim budget and social welfare schemes. This optimism is fueled by the RBI's recent windfall dividend distribution (you can refer to our “Health of your Wealth – May 2024” blog for more details regarding RBI’s dividend payout to Government)., which has provided a boost to the government's finances.
However, the challenge of balancing the expectations of coalition partners may also influence the allocation of funds. Despite these challenges, hopes are about the Govt’s continuous priority on infra projects and social programs, driving economic growth and development.
A common question asked by the great Indian middle class when it comes to the India budget. The ultimate birthday gift for the country. They wait with bated breath to see what goodies the government has in store. The blog is a journey into the minds of the people who keep the country's economy ticking.
Since independence, numerous developments and reforms have shaped the Indian economy through Union Budgets. It has always evoked a sense of trepidation for various reasons which were discussed in the run up to the budget speech. We take a look at the various budgets over time and how they shaped the change in India over the last 75 years.
The article gives you a snapshot view of the impact on personal income tax for an investor.
Key components are the taxation on virtual digital assets, bonus and dividend stripping, the new surcharge on capital gains and some other notable actions.
