The Final Union Budget for 2024-25 expanded beyond the focus of the previous few Budgets beyond infrastructure capex, broadening its scope. It outlines buoyancy in gross tax revenues hinged on a strong economy. Expenditures were rationalised, with high capex retained and revenue expenditure pumped to build long term human and capital assets. A multitude of changes were made in taxation. The duty structure of key elements was also changed. The bond markets are expected to rejoice the Union Budget.
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