Budget 2024 Expectations LIVE: Will Modi 3.0’s budget bring change in tax slabs?

“We had a very useful discussion. I would like to thank the floor leaders of all the parties, who have given good suggestions. 44 parties including the BJP took part in the meeting. 55 leaders including ministers – defence minister, our deputy leader in Lok Sabha, leader in Rajya Sabha who chaired the meeting today, JP Nadda…attended the meeting. we have taken the suggestions from all the floor leaders. To run the Parliament smoothly, it’s the responsibility of both – those in the govt and those in opposition,” says Kiren Rijiju, Union minister for parliamentary affairs.

“I request the PM to look into the GST in Tamil Nadu because we are the only state collecting double taxation. I believed in you when you said ‘One tax, one nation,’ but why is this happening only in Tamil Nadu? Why is nobody taking this matter seriously?’ Actor Vishal says while speaking to media persons.

“It is really affecting the film industry. Paying 8% more local body tax is a big burden for all the producers. Today, the film industry is bleeding; this year is one of the worst years for the film industry. The pain won’t be shown outside because they keep it to themselves and won’t speak about their losses. Please give everyone a chance at a normal life. We are not asking for a luxury life,” he further says.

In a post on the social media platform X, CM Stalin said, “In the upcoming Budget 2024, the people of Tamil Nadu are expecting the release of three years of pending funds for the Chennai Metro Rail, approval for the express flyover between Tambaram and Chengalpattu, a reduction in income tax, which has been a long-standing expectation of the middle class for the past 10 years, approval for the Coimbatore and Madurai metro rail projects, allocation of funds for pending projects under old and new railway schemes in Tamil Nadu, and an increase in the slab rate for houses being constructed under rural and urban housing development schemes.”

Ahead of the Union Budget, child rights activists and organisations have urged the government to put children at the centre of the development discourse and increase funding for their education, healthcare, and protection services. (PTI)

An all-party meeting is currently underway at Parliament ahead of the budget session commencement. Parliamentary Affairs Minister Kiren Rijiju is hosting the meeting, with attendance from various political leaders.

Notable attendees include Tiruchi Shiva, AIUML leader E.T. Mohammad Basheer, Jana Sena Party leader Bala Krishna, BJD leader Sasmit Patra, JDU leader Sanjay Jha, Union Ministers Ramdas Athawale, Praful Patel, Chirag Paswan, and AIMIM MP Asaduddin Owaisi. Union Ministers Rajnath Singh, Arjun Ram Meghwal, and BJP President JP Nadda are also present.

As part of the budget preparation, the Finance Ministry has completed several rounds of deliberations with different stakeholders of the economy.

These meetings started on June 20, during which Sitharaman met representatives from trade unions, the education and health sectors, employment and skilling, MSMEs, trade and services, industry, economists, the financial sector and capital markets, as well as representatives from the infrastructure, energy, and urban sectors.

Finance Minister Nirmala Sitharaman will establish herself as the first Finance Minister to present seven consecutive budgets, breaking the record of Morarji Desai’s six budget presentations.