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Finance Minister Nirmala Sitharaman is set to table the Economic Survey in Parliament at noon today. Authored by Chief Economic Adviser V Anantha Nageswaran, the Survey marks the beginning of Budget week and will be closely watched for its growth projections and new proposals to drive economic expansion.
Budget 2024 Expectations Highlights: Ahead of the Union Budget 2024, the insurance sector is hoping for announcements that could boost the accessibility and growth of insurance in the country. Expectations range from no taxation for annuity plans, separate tax breaks for life and health insurance to full deduction for life insurance premiums. Finance Minister Nirmala Sitharaman will announce the Union Budget 2024 on July 23. Laying a roadmap for the next five years, this will be the first Budget for the Prime Minister Narendra Modi-led NDA government after it secured a third consecutive term in the 2024 Lok Sabha elections. Earlier on February 1, Sitharaman tabled an Interim Budget due to the general elections. The Budget will be preceded by the Eco Survey on July 22.
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