{"id":13194,"date":"2024-01-29T17:40:53","date_gmt":"2024-01-29T12:10:53","guid":{"rendered":"https:\/\/blog.bigproperty.in\/?p=13194"},"modified":"2024-01-29T17:40:55","modified_gmt":"2024-01-29T12:10:55","slug":"latest-news-updates-on-union-budget-2024-countdown","status":"publish","type":"post","link":"https:\/\/bigproperty.in\/blog\/latest-news-updates-on-union-budget-2024-countdown\/","title":{"rendered":"Latest News Updates On Union Budget 2024 Countdown"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bigproperty.in\/blog\/latest-news-updates-on-union-budget-2024-countdown\/#Anticipating_Changes_Live_Updates_on_Budget_2024_Expectations\" >Anticipating Changes: Live Updates on Budget 2024 Expectations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bigproperty.in\/blog\/latest-news-updates-on-union-budget-2024-countdown\/#Navigating_Budget_2024_A_Glimpse_into_Sector_Expectations\" >Navigating Budget 2024: A Glimpse into Sector Expectations<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bigproperty.in\/blog\/latest-news-updates-on-union-budget-2024-countdown\/#Latest_Blogs\" >Latest Blogs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>We are on the brink of witnessing the unveiling of the <em><strong>Union Budget 2024<\/strong><\/em>, a moment that has stirred great expectations among various sectors. Finance Minister Nirmala Sitharaman is set to present this crucial budget on February 1, marking the culmination of the Modi 2.0 government&#8217;s fiscal strategy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Anticipating_Changes_Live_Updates_on_Budget_2024_Expectations\"><\/span><strong>Anticipating Changes: Live Updates on Budget 2024 Expectations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As we approach the pivotal date of February 1, 2024, Finance Minister Nirmala Sitharaman gears up to present the last Budget under the current Narendra Modi government. In this Lok Sabha election year, it&#8217;s anticipated to be an Interim Budget or a Vote on Account. <\/p>\n\n\n\n<p>The burning questions revolve around potential relief for income taxpayers, revisions to income tax slab rates for FY 2025, and enhancements to the attractiveness of the new income tax regime. Last year, significant changes were introduced to the default tax regime, accompanied by a record capital expenditure to stimulate the economy. Speculations suggest a continued focus on infrastructure development, with emphasis on roadways and railways, along with potential tax incentives for the new personal income tax regime.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-color has-background\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=bigproperty.in&amp;pcampaignid=web_share&amp;pli=1\" style=\"border-radius:2px;background-color:#ba0c49;color:#fffffa\"><strong>Download App<\/strong><\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-text-color\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VaAUFkA9sBIBN\" style=\"border-radius:2px;color:#ba0c49\"><strong>Follow WhatsApp Channel<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Navigating_Budget_2024_A_Glimpse_into_Sector_Expectations\"><\/span><strong>Navigating Budget 2024: A Glimpse into Sector Expectations<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>1. Boosting India&#8217;s Travel Landscape<\/strong><\/h3>\n\n\n\n<p>The travel and tourism sector anticipates positive shifts in Budget 2024. With a surge in domestic and inbound travel, India aims to become the world&#8217;s fastest-growing aviation market in the next decade. Expectations include continued investment in infrastructure, technology, and safety measures at airports, especially in tier 2, 3, and 4 cities under the UDAN scheme. Spiritual tourism takes center stage, with a focus on improving infrastructure and accessibility in spiritual and cultural hubs. Recent success stories like the Kashi Vishwanath corridor&#8217;s revitalization underscore the potential impact on tourism. Budgetary measures supporting the aviation sector, such as reducing Aviation Turbine Fuel (ATF) costs, are also eagerly awaited.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. Income Tax Reforms: What Lies Ahead?<\/strong><\/h3>\n\n\n\n<p>In the realm of income tax, Budget 2024 holds expectations for further modifications to the concessional tax regime. The government aims to encourage widespread adoption while maintaining the essence of the regime. Striking the right balance will be crucial for catering to both middle-class and high-income taxpayers.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. Railway Budget 2024: Tracks to the Future<\/strong><\/h3>\n\n\n\n<p>The Railway Budget is poised to continue its focus on record capital expenditure. Key areas of interest include the introduction of new trains like Vande Bharat Express and Amrit Bharat Express, alongside advancements in safety measures and infrastructure, including the Kavach anti-train collision system.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. Cultivating Growth in Agriculture<\/strong><\/h3>\n\n\n\n<p>Vasu Naren, Chairman and Managing Director of Sona Machinery Ltd., highlights the significance of the proposed record-high goal for agriculture credit. This ambitious target aligns with the vision of empowering Indian farmers through the adoption of smart machines and advanced agricultural techniques.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>5. Tax Insights: A Glimpse into Statistics<\/strong><\/h3>\n\n\n\n<p>EY presents some noteworthy tax-related snippets, including an increase in individual taxpayers with income exceeding INR 50 lakhs, a significant jump in net direct tax collections, and achievements surpassing budget estimates for FY 2023-24.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>6. Market Dynamics: Stock Market&#8217;s Outlook<\/strong><\/h3>\n\n\n\n<p>Looking ahead, the stock markets are expected to react to the interim budget presentation, US Federal policy decisions, and quarterly earnings. Investor attention will focus on foreign investors&#8217; activities and global trends, with the Purchasing Managers&#8217; Index (PMI) data unveiling potential market shifts.<\/p>\n\n\n\n<p>In conclusion, as we stand at the precipice of the Union Budget 2024, the expectations are palpable across various sectors. The upcoming budget holds the potential to shape the trajectory of India&#8217;s economic landscape, and stakeholders eagerly await the unveiling on February 1.<\/p>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#d2d2d2\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"Latest_Blogs\"><\/span><strong><span class=\"has-inline-color has-vivid-red-color\">Latest Blogs<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group has-background\" style=\"background-color:#e5e7e8\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\"><ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/rental-agreement-rules-india-notice-period-deposit-2026\/\" aria-label=\"Rental Agreement Rules 2026: Notice Period, Security Deposits &amp; Tenant Rights\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"rental agreement rules india\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-2.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/rental-agreement-rules-india-notice-period-deposit-2026\/\">Rental Agreement Rules 2026: Notice Period, Security Deposits &amp; Tenant Rights<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/tellapur-vs-kollur-real-estate-investment-comparison-2026\/\" aria-label=\"Tellapur vs. Kollur: Which is the Best Real Estate Investment in 2026?\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"tellapur vs kollur real estate\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/tellapur-vs-kollur-real-estate.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/tellapur-vs-kollur-real-estate-investment-comparison-2026\/\">Tellapur vs. Kollur: Which is the Best Real Estate Investment in 2026?<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image\"><a href=\"https:\/\/bigproperty.in\/blog\/low-budget-middle-class-indian-bedroom-design-ideas\/\" aria-label=\"15 Low-Budget Middle Class Indian Bedroom Design Ideas (2026)\"><img decoding=\"async\" width=\"300\" height=\"168\" src=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-300x168.jpg\" class=\"attachment-medium size-medium wp-post-image\" alt=\"low budget middle class indian bedroom design\" style=\"\" srcset=\"https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-300x168.jpg 300w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-768x429.jpg 768w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-752x420.jpg 752w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-150x84.jpg 150w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1-696x389.jpg 696w, https:\/\/bigproperty.in\/blog\/wp-content\/uploads\/2026\/03\/unnamed-1.jpg 1024w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/bigproperty.in\/blog\/low-budget-middle-class-indian-bedroom-design-ideas\/\">15 Low-Budget Middle Class Indian Bedroom Design Ideas (2026)<\/a><\/li>\n<\/ul><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>We are on the brink of witnessing the unveiling of the Union Budget 2024, a moment that has stirred great expectations among various sectors. Finance Minister Nirmala Sitharaman is set to present this crucial budget on February 1, marking the culmination of the Modi 2.0 government&#8217;s fiscal strategy. Anticipating Changes: Live Updates on Budget 2024 [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":13195,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[4835,4836,4834],"class_list":{"0":"post-13194","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-latest-news-update","8":"tag-finance-minister-nirmala-sitharaman","9":"tag-nirmala-sitharaman","10":"tag-union-budget-2024"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Latest News Updates On Union Budget 2024 Countdown<\/title>\n<meta name=\"description\" content=\"Dive into the high-stakes Union Budget 2024 with insights on income tax reforms, railway developments, and sectoral expectations\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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