Finance Ministry to Begin Pre-Budget Meetings from October 10

The Finance Ministry of India is set to start pre-budget consultations with various stakeholders from October 10, 2024, in preparation for the Union Budget 2025-26. These consultations will involve representatives from industries, financial institutions, economists, and other stakeholders who will provide input on issues such as taxation, policies, and budget allocations. The Ministry aims to gather insights to boost economic growth, especially amidst global challenges. This process is crucial for formulating a budget that addresses the needs of different sectors and fosters sustainable growth. The inputs will also help to make critical policy decisions, including adjustments in direct and indirect taxes, GST rates, and other fiscal measures. Such consultations play a vital role in shaping India’s economic direction for the upcoming fiscal year.