Budget 2024: Continuity of SWFs/ PF tax benefits by extending sunset clause to 31 March 2025 – Augurs well for Infrastructure Sector

The Finance Minister presented the Interim Budget 2024, which focuses on infrastructure and investment. The budget allocates over ₹11 Lakh crore for the upcoming year, constituting 3.4% of the GDP. The government recognizes the importance of green energy and aims to achieve 'net-zero' by 2070. In order to finance infrastructure projects, the government has extended the tax exemption for qualifying investments made by Sovereign Wealth Funds and Pension Funds until March 2025.
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