Paper Contents
Abstract
The Union Budget 2024 of India has implemented initiatives focused on education, employment, skill development, and the middle class. Nine priority sectors have been delineated, and significant modifications have been implemented in the capital gains tax framework. The Union Budget in India is a procedure through which the central government presents its financial condition to parliament, encompassing income, expenditure, and borrowing. A budget, issued at the conclusion of one financial year and the commencement of another, delineates the funds raised and expended in the preceding year, together with the borrowing required to address any deficits. Furthermore, it offers projections for the forthcoming financial year, outlining expected revenues, proposed expenditures, and projected borrowing to address any deficits. It is important to note that in a general election year, the ruling coalition at the centre prepares an interim budget. Subsequent to the conclusion of general elections and the establishment of a new administration, a comprehensive union budget is presented in parliament. Consequently, in February 2024, the finance minister presented an interim budget to Parliament.
Copyright
Copyright © 2024 Dr.R.KAMARAJ. This is an open access article distributed under the Creative Commons Attribution License.
