When is the Union Budget 2024..!?

The much-awaited first session of the 18th lok sabha began today by the indian people and political leaders after narendra modi took office as the prime minister for the 3rd term. prime minister narendra modi addressed the media before the start of the parliamentary session and people expect better performance from the opposition. He said that he expects the opposition parties to keep the trust of the people. Following this, he said that this parliamentary session is very important for india to achieve its dream. He also spoke about the 3rd time that the same party has come to power after india gained independence for the 2nd time. As the 18th parliamentary session began, the new MPs elected to the lok sabha were administered the oath of office by Speaker Pro-tem Bardruhari Mahatap.
Following this, prime minister narendra modi was first sworn in as an mp in Parliament. At this stage, the next major expectation of all people is the answer to the question of when the budget will be. Union Finance minister Nirmala Sitharaman's 7th budget presentation is a matter of record. No finance minister has ever presented a budget 7 times in a row. At the same time, this budget is the Modi 3.0 government's road map for economic and trade development for the next 5 years amid persistent global economic uncertainty, the economic slowdown in several countries including the US, Europe, and the UK, and ongoing conflicts in Russia-Ukraine and Israel-Palestine, Gaza. Finance minister Nirmala Sitharaman is going to show investors and people through this. Finance minister Nirmala Sitharaman is preparing to present this budget by the end of July 2024. The budget may be tabled between July 20 to July 25, with the exact date yet to be announced. It is normal for leaders from corporate india to make various demands on the government during every budget presentation, and this year the most pressing demands have been to reduce the income tax burden on individuals, increase capital expenditure, and curb food inflation. Ahead of the Union Budget, in pre-budget discussions with Finance minister Nirmala Sitharaman, industry representatives stressed the need to focus more on infrastructure development to sustain economic growth. industry representatives also highlighted the importance of promoting the MSME (Micro, Small, and Medium Enterprises) sector, which is vital to the indian economy and a major source of new employment. The main expectation in this budget is to reduce the income tax or increase the tax exemption limit.
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Sowmiya Sriram

24/06/2024 06:56 PM