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Budget 2024 LIVE: This year’s budget is ‘interim’ in nature as the government is set to face a general election in April-May this year.
Union finance minister Nirmala Sitharaman (PTI/File)
Budget Live Updates: Union Finance Minister Nirmala Sitharaman is slated to present the budget for the financial year 2024-25 on February 1. This will be the final annual financial statement of the BJP-led PM Narendra Modi government’s second term. Last week, the traditional pre-budget ‘halwa’ ceremony was held, initiating a ‘lock-in’ period for officials involved in budget preparation to maintain confidentiality until the document’s tabling in the Lok Sabha.…Read More
On Tuesday, the Lok Sabha and the Rajya Sabha lifted the suspension of 14 Opposition MPs, among the 132 penalized during the Winter session of Parliament last month. This decision enables them to participate in President Droupadi Murmu’s inaugural address to both Houses in the new Parliament building and the ensuing Budget session starting Wednesday.
This year’s budget is ‘interim’ in nature as the government is set to face a general election in April-May this year. The full budget will be presented in July by the incoming government. In India, the financial year starts on April 1 and ends on March 31 of the following year.
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Jan 31, 2024 2:36 AM IST
Why Economic Survey won’t be presented on January 31 this year
On Thursday, February 1, Finance Minister Nirmala Sitharaman is set to present the interim Union Budget 2024, marking a significant part of Parliament’s Budget session. Unlike previous years, the Economic Survey, a usual precursor, will not be presented on January 31, a day before the interim Budget. This deviation is attributed to the nature of this budget, which is interim in scope, differing from a full budget typically presented by the government.
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