Budget 2024 preparations begin; when will Finance Minister Nirmala Sitharaman present it?
Union Budget 2024-25 has commenced after Finance Minister Nirmala Sitharaman directed the officials to initiate the process, emphasizing the need for meticulous planning and comprehensive analysis. The Union Budget is likely to be tabled in Parliament by the third week of July.
Sitharaman who had retained Finance Ministry will be presenting her sixth budget by mid-July. After taking charge, the Finance Minister announced that the Modi govt intends to move on the reforms path to boost macroeconomic stability and growth.
The Budget will also incorporate elements of the 100-day plan that PM Narendra Modi had asked his team of officers to prepare. The idea is to use the inputs and then set the agenda for the next 12 months as also for 2030 and 2047, when govt expects India to be a developed country.
After assuming charge, Sitharaman, who was briefed by ministry officials, «urged the departments to advance the NDA government's development agenda with renewed vigour and ensure responsive policymaking to achieve the Prime Minister's vision of a 'Viksit Bharat',» a statement said.
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