Since 2024 is an election year with Lok Sabha elections in May, the finance minister will present an Interim Budget or a Vote on Account on February 1, rather than a comprehensive annual budget. After the formation of the new government, the new full Budget is expected in July this year.
Sitharaman’s declaration that it will be a vote of account suggests that no significant policy announcements are likely expected in this interim budget. A Vote on Account is merely an interim authorisation to spend money, as opposed to a full Budget that includes details of expenditures and receipts.
Analysts say that the upcoming pre-election interim budget occurs at a juncture when the overall economic landscape appears stable, which is underpinned by the easing of financial conditions, and robust macroeconomic data.
Coming to sector-specific views, the travel and tourism sector represents a vital…
MakeMyTrip-11706618368834.html” target=”_blank”>Read further.
