In the Union Budget 2024-2025, industry leaders have expressed their views on this most awaited event.
The Finance minister has presented a long-term sustainable growth-oriented budget through focus on all drivers of the economy including Agriculture, Employment generation, Skill Development, Urban Development, Energy , Infra push, R&D and Innovation push and creating an engine to steer ’Bharat’ into ‘Viksit Bharat’. The proposals on industry are welcome and growth-oriented, however on personal taxation, the changes may create a negative sentiment with changes in capital gains tax. Other tax proposals are on expected lines to reduce litigation, dispute and complexity. Decriminalization in certain defaults is a welcome step, Mr. Jogendra Singh, CFO and Group President (Finance) Hero Realty Private Ltd.
