Union Finance Minister Nirmala Sitharaman led a crucial pre-budget meeting with State Finance Ministers on June 22, marking the commencement of preparations for the Union Budget 2024-25. This meeting was pivotal in gathering suggestions and inputs from various state representatives to shape the upcoming budgetary allocations and economic policies.
Concurrently, Sitharaman also presided over the 53rd Goods and Services Tax (GST) Council Meeting, the first since the new government’s formation, emphasizing discussions on tax rates, policy amendments, and administrative challenges within the GST framework. Stakeholders across sectors are closely monitoring the outcomes of these deliberations, anticipating significant implications for India’s taxation landscape and economic trajectory in the near term.