President Murmu Gives Assent to Finance (No 2) Bill 2024

President Droupadi Murmu has given her assent to the Finance (No. 2) Bill, 2024, enacting it into law. The Bill includes provisions that will impact tax regulations, revenue collection, and fiscal policies. Key measures in the Bill address direct and indirect taxes, including adjustments to income tax rates, exemptions, and changes in the Goods and Services Tax (GST) framework. The legislation also introduces amendments aimed at curbing tax evasion and promoting transparency in financial transactions. With this approval, the Bill's provisions become effective, impacting both individuals and businesses in the upcoming fiscal year. The Bill's passage marks a significant step in the government's fiscal strategy for economic growth and revenue generation.