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Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 on July 23 amid a realistic GDP growth estimate of 6.5-7 percent laid out by the Economic Survey.

The Budget is likely to keep its focus on the revival of the rural economy, agriculture, MSMEs, and boosting consumption.

The Budget is expected to provide support to the productive sectors of the economy, by finding a balance between supporting investment and consumption.
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The Economic Survey 2023-24 notes that Indian economy needs to generate an average of nearly 78.5 lakh jobs annually until 2030 in the non-farm sector to cater to the rising workforce.

The Survey mentions that there is a scope to supplement the existing schemes of Production Linked Incentive (PLI) (60 lakh employment generation over 5 years), MITRA Textile scheme (20 lakh employment generation), etc., while boosting their implementation.
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The new tax regime slab has been revised as follows: 0-3 lakhs -Nil, 3-7 Lakhs - 5 percent, 7-10 lakhs - 10 percent, 10-12 lakhs - 15 percent, 12-15 lakhs - 20 percent and above 15 lakhs- 30 percent," as announced by the Finance Minister during the budget presentation.
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Here's a comparison between the previous New Tax Regime and the revised New Tax Regime.
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Bihar CM Nitish Kumar says, "...I have continuously spoken for this (special status), I told them as well (NDA). I told them to give us either a special status or a special package...As a consequence, they have announced aid for a lot of things...We were speaking of special status and a lot of people said that the provision for special status has been done away with much earlier. So, instead of that, aid should be given for helping Bihar. They have now started it."
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Allocation to major scheme in Budget 2024 ๐Ÿ‡ฎ๐Ÿ‡ณ
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The actual operating ratio of the railways has gone up slightly to 98.22% for FY25 from 98.10% for FY23. The Ministry of Railways has received a record allocation of over โ‚น2.55 lakh crore in financial year 2024-25, which is a jump of 5.85% from the previous year's โ‚น2.41 lakh crore, according to Union Budget documents.
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What's your take on this?
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Porsche India on Wednesday said its retail sales increased 40 per cent year-on-year to 489 units in the January-June period.
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Puneโ€™s beloved Burger King has emerged victorious in a 13-year-long legal battle against the international fast-food giant, US-based Burger King Corporation. The commercial court of Pune, led by District Judge Sunil Vedpathak, dismissed the multinationalโ€™s petition, clearing the way for the local establishment to continue operating under its name.

The legal struggle began when Burger King Corporation, which operates a vast network of 13,000 restaurants worldwide, took action against Anahita and Shapoor Irani, the proprietors of Puneโ€™s Burger King outlets in Camp and Koregaon Park. The global chain sought to prevent the Pune-based restaurant from using the โ€œBurger Kingโ€ name.

The court highlighted that the Pune-based establishment has consistently served its customers under the โ€œBurger Kingโ€ brand, making their use of the name both legal and genuine.
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Hindu festivals and its impact on our Indian economy ๐Ÿ‡ฎ๐Ÿ‡ณโšก
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We are back
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