The press conference, organised by the Confederation of Indian Industry (CII), is aimed at presenting an outline for the government’s larger vision for growth and industry’s role in this endeavour, notified the PMO on Monday.
Over 1,000 participants, which include participants from the industry, government, diplomatic community, and think tanks among others, will be attending the conference in person while many are expected to connect from the various CII centres across the country and overseas.
The Union Budget 2024 was presented by Finance Minister Nirmala Sitharaman on July 22 for a record seventh time. It emphasised support for the underprivileged, women, youth, and farmers through increased spending, job creation, and middle-class tax relief.
Key tax changes included a higher Securities Transaction Tax (STT), lower capital gains taxes, and the removal of the angel tax. The budget also revised income tax slabs, increased Mudra loan limits, and allocated a record amount for railway funding.On the other hand, the opposition INDIA bloc leaders staged a protest against the new Union budget in the Parliament premises on July 24 during the Monsoon Session. The opposition parties have alleged the Union Budget 2024 to be a “discriminatory budget” and is biased against states not ruled by the members of the ruling NDA government.
