Union Budget 2024: Nirmala Sitharaman to outline Modi 3.0 government's financial plan today
Nirmala Sitharaman will present the Union Budget 2024-25 in Parliament, marking her seventh consecutive budget presentation. This milestone surpasses the record set by Morarji Desai, who presented six consecutive budgets. The budget session, which started on July 22, is scheduled to end on August 12.
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Key Focus Areas
Expectations are high as the budget is likely to focus on changes in the income tax structure and measures to improve the ease of doing business in India. Major announcements and the government's forward-looking guidance on the economy will be closely watched.
Sequence of Events
The budget presentation will begin at 11 am in the Lok Sabha, followed by a presentation in the Rajya Sabha. Sitharaman will lay out the estimated receipts and expenditures for the year 2024-25. Additionally, she will present documents under the Fiscal Responsibility and Budget Management Act, including the medium-term fiscal policy strategy statement and the macro-economic framework statement.
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Pre-Budget Rituals
Before the presentation, the finance minister will meet with secretaries at the
