Anticipation Peaks as India Gears Up for Union Budget 2024, Last Stop Before Lok Sabha Elections 2024

As India prepares for the Union Budget 2024, the financial sector is eagerly anticipating policies that may impact fund management, accounting standards, and global financial services. On behalf of Basiz Fund Services, CA Aditya Sesh (Founder & MD), shared detailed insights on what are the expectations. Basiz is positioned to navigate potential changes in regulations and financial reporting standards. While the budget is expected to be an interim one with minimal revisions to the finance act, there are likely to be populist announcements and adjustments to the MSP for key commodities. The government's flagship scheme, Pradhan Mantri Kisan Samman Nidhi, is anticipated to receive an increase in income support due to the better-than-expected GDP growth.

Source: Krishi Jagran

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