Tag Archives: Budget 2024

In a recent letter to Finance Minister Nirmala Sitharaman, Union Minister Nitin Gadkari has called for the withdrawal of Goods and Services Tax (GST) imposed on life and medical insurance premiums. The request follows a memorandum submitted by the Nagpur Divisional Life Insurance Corporation Employees Union, which has raised concerns about the tax’s impact.

he interim budget for 2024 presented by Finance Minister Nirmala Sitharaman lacked big-ticket announcements and offered no tax relief, underscoring the ruling BJP's confidence as the nation gears up for the upcoming general elections. While this is not a full budget, taxpayers had anticipated some relief in this election year, yet the government seems to be saving major announcements for its detailed budget scheduled for July.