Union Budget 2024: Breaking News and Key Updates
With Just a Day to Go
As the nation eagerly awaits the unveiling of the Union Budget 2024, key details have emerged from top government sources and financial pundits.
Creating Millions of Jobs Annually
The Chief Economic Advisor, Nageswaran, has stressed the critical need for India to create 8 million new jobs each year. The budget is expected to outline comprehensive strategies for job creation and skilling initiatives.
Massive Increase in Capital Expenditure
The Capital Expenditure Outlay for FY 2024-25 is projected to witness a substantial rise of 111% to Rs 40,000 crore. This significant investment will focus on infrastructure development and modernization, including the conversion of 40,000 normal rail bogies to new designs.
Strategic Insights from Experts
Leading global consultancy firms such as PwC India are offering in-depth analysis and strategic insights on the upcoming budget. Their recommendations and forecasts will provide valuable guidance to businesses and investors.
Market Reaction
A day prior to the budget presentation, Indian stock markets experienced initial volatility, opening in the red but subsequently recovering to positive territory in early trade. Investors are closely monitoring the latest developments and anticipating positive announcements that could boost market sentiment.
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