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Official data suggests the centre's capital expenditure between April and September 2023 reached 49 per cent of its budgeted target of Rs 10 lakh crore for the fiscal year.
Budget 2024: The risks to global supply chains from war and lower demand in key economic markets will have to be addressed by policies that take a long term perspective on growth. India has to address factors that hobble it in the competition with other investment friendly destinations like Vietnam and Indonesia
For Budget 2024-25, head-hunters support increasing limits for deductions such as investments, medical insurance premium and housing rent allowance to boost disposable incomes and encourage responsible financial planning.
PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool.
Non-banking finance companies say refinance facilities and a special liquidity window will make more funds available at a lower cost.