Union Budget 2024: Karnataka people can expect these today
Nirmala Sitharaman did not present the Economic Survey today as this is not a full budget. Some announcements can be expected in the Central Union Budget 2024 which will attract the attention of the people of the Karnataka state.
The Union Budget 2024 will be tabled in the Parliament by Union Finance Minister Nirmala Sitharaman on February 1. Ahead of the D-Day, Union Finance Minister Nirmala Sitharaman said that this budget is unlikely to see any big bang announcements. Union Budget 2024: Karnataka people can expect these today.
Nirmala Sitharaman did not present the Economic Survey today as this is not a full budget. Some announcements can be expected in the Central Interim Budget which will attract the attention of the people of the Karnataka state.
The establishment of AIIMS may be announced. The state government has also written a letter for establishment in Raichur itself.
5,300 crore was announced in the last budget for the 2nd Bhadra Upper Bank Project. It has not been released. It is hoped that this time there will be more announcements.
There are chances of publication regarding river alignment and irrigation projects.
Railway Scheme, Grants for Railway Infrastructure. Announcement of new trains
Former Prime Minister HD Deve Gowda’s insistence for setting up an IIT in Hassan has been there since time immemorial and may be fulfilled.
There are major announcement possibilities like green energy, industrial corridors and the state is expected to have a big share
As per the recommendation of the 15th Finance Commission, the tax share of the states is expected to increase to 42%.
Desire for release of various dues due to the State
We will present the full budget once the new government is formed. Interim budget is a guideline for all of us. I am hopeful that the country will reach another stage in progress and everyone will develop.
Possibility of benefit in tax:
There is an expectation of change in the income tax slab to benefit the salaried, middle class and pensioners. Currently, income above Rs 15 lakh is placed in the maximum tax slab. This limit is likely to be increased to Rs 20 lakh. In order to encourage savings, certain savings and payments can be exempted from income tax. On the other hand, it is said that there may be an increase in the limit of Section 80C.