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Economists polled by Moneycontrol see the Centre continuing to spend heavily on investments in Budget 2024, although the increase in the capital expenditure allocation in 2024-25 may be far lower than in recent years.
At 10.5 percent, the expected GDP growth assumption for 2024-25 in the interim Budget would be well above the statistics ministry's estimate of 8.9 percent for the current financial year.
Following the customary all-party meeting on the eve the a session, Parliamentary Affairs Minister Pralhad Joshi said the government sought the cooperation of all the parties for the short session.
For capital gains tax, the holding period may differ from 12 months to 36 months, while the tax rate may range from 10 percent to a nominal tax rate.
The release of fiscal deficit data for April-December 2023 comes a day before Finance Minister Nirmala Sitharaman tables the interim Budget for 2024-25 in Parliament.