Budget 2024: Good news from Narendra Modi government before the budget

Budget 2024: The Union Government will present the Interim Budget on February 1, 2024. Union Finance Minister Nirmala Sitharaman will release the Interim Budget. Actually this is not a full scale budget. After the Lok Sabha elections, the new government will present a full budget for the financial year 2024-25.

But analysts believe that some aspects will be important in this interim budget. Many are expecting that the tax slab will change to benefit the middle class people in particular. But a day before the budget speech, the PM Narendra Modi government gave a good news.

The central government has reduced the import duty on mobile accessories in the country. As the import duty has been reduced from 15 percent to 10 percent, the prices of cell phones may come down significantly in the coming days. The mobile manufacturing industry of the country has expressed happiness about this.

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At present, the usage of 5G mobiles is very high. Many people are ready to buy mobiles with good features at very low prices. In this background, the duty reduction on the import of mobile accessories can be said to be the main reason for the decrease in the price of mobile phones. There is no mistake that this is a sweet news for those who are planning to buy a mobile phone.

Experts are of the opinion that this decision taken by the government will help introduce Made in India electronic products to the world. It can be said that this is a good decision to effectively face the competitors of countries like China and Vietnam in the mobile manufacturing business.

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Similarly, more money is likely to be allocated for social sector projects in this interim budget. In a bid to boost the agricultural economy, the finance minister is said to announce some measures to boost consumer demand.

In the wake of the election, it is known that instead of the full budget this time, an interim budget is being presented. Due to this, the experts of the respective field and common people have high expectations on this budget.