Will FM Sitharaman's 7th Budget address the decline in affordable housing?

The travel and tourism industry hopes this Union Budget will grant infrastructure status, rationalize GST, modify Leave Travel Allowance (LTA) rules, and provide incentives to boost local travel. Amit Jain of Magicfares emphasizes the need for increased travel tax exemptions and affordable hotel stays to encourage spending and boost the sector's growth. Read more here

After missing out on tax benefits in the interim Budget 2024, middle-class taxpayers are hopeful for lower tax rates and higher exemptions in the full-year Budget on July 23. Their wishlist includes raising the basic exemption limit to Rs 5 lakh, introducing a new tax slab for incomes between Rs 15-20 lakh, and extending HRA or home loan interest deductions to the new tax regime. Financial experts suggest some tax tweaks may be announced but primarily within the new minimal exemptions regime. Read more here

Brokerage companies worry that a hike in Securities Transaction Tax (STT) or long-term capital gains (LTCG) in the upcoming Budget could reduce trading volumes and impact their business. Market insiders note that increased STT would raise trading costs, further exacerbating the expected cost rise from the uniform exchange fee regime starting October 1. Read more here

The auto industry is hopeful that the upcoming Budget will emphasize boosting rural income, potentially increasing demand for two-wheelers. With a forecast of a normal monsoon, prospects for rural recovery look promising. The industry is also seeking targeted incentives like FAME 3.0 to make electric two-wheelers more affordable and drive their adoption. Read more here

The logistics industry anticipates the Union Budget 2024-25 to improve ease of doing business, provide incentives for green initiatives, and streamline regulations. Key leaders like R S Subramanian of DHL Express and Rizwan Soomar of DP World emphasize the need for digital processes, consistent GST administration, and infrastructure prioritization. Read more here

Former finance minister Yashwant Sinha emphasized the need for the Union Budget to focus on controlling inflation and accelerating economic growth. He highlighted the importance of achieving an 8% GDP growth rate to eradicate poverty. Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-25 on July 23. Read more here

Moneycontrol.com will provide real-time updates and expert analysis on what different industries are seeking from Finance Minister Nirmala Sitharaman in the Union Budget 2024. Follow our live coverage to stay informed about the latest developments and stakeholder expectations.

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Various stakeholders, including common taxpayers, investors, industries, farmers, and women, have high expectations from Finance Minister Nirmala Sitharaman in the upcoming budget. Key demands include tax reliefs, incentives for economic growth, and measures to support rural development and women's empowerment.

Finance Minister Nirmala Sitharaman is set to present the Union Budget for 2024-25 in the Lok Sabha on July 23. This highly anticipated event will outline the government's economic agenda and fiscal plans for the coming year.