Nirmala Sitharaman Set to Announce Major Income Tax Relief in Budget 2024

“In anticipation of Budget 2024, Bantwal Ramesh Balinga, Group CEO of Acquaviva, highlighted the keen interest of the hospitality and retail sectors, noting substantial growth in both.

With over 400 hotels slated for development and rapid expansion in luxury retail, Balinga emphasized the need for government policies supporting accessible second home purchases at reasonable interest rates.

Such measures, he stressed, would fuel sectoral expansion, alleviate rental pressures, and foster market stability.”

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Another crucial area is skill development. The government’s emphasis on national skill development should encompass specialized training in plumbing, encompassing engineering degrees, diplomas, and the establishment of plumbing labs across the country.

This initiative aims to enhance service standards and operational efficiency within the hospitality sector.

Budget 2024 Expectations Live Updates: On Thursday, July 18, the Sensex and Nifty50 reached new all-time highs.

The BSE Sensex surpassed 81,000 for the first time, while the Nifty50 climbed above 24,800. By the day’s close, the BSE Sensex stood at 81,343.46, and the Nifty50 finished at 24,800.85, marking an increase of 188 points or 0.76%.

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