Nirmala Sitharaman joined the BJP in 2008 and has served as a spokesperson for the party. In 2014, she was inducted into Narendra Modi's cabinet as a junior minister and in June 2014, she elected as a Rajya Sabha Member from Andhra Pradesh. In May 2016, she was one of the 12 candidates nominated by the BJP to contest the Rajya Sabha elections due on 11 June 2016. She successfully contested her seat from Karnataka. On 3 September 2017, she was elevated to Defence Minister. After Narendra Modi was re-elected in 2019 she became the first full time woman after Indira Gandhi to hold the Finance Minister post.
Read MoreWearing a blue saree, Sitharaman began her sixth budget speech in which she emphasised that the next five years will be the years of unprecedented development.
Budget 2024: The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls after which a full budget will be presented by the new government.
Budget 2024: PM Modi said the interim Budget presented by Finance Minister Nirmala Sitharaman offers the "guarantee" of strengthening the foundation of a developed India and carries the "confidence of continuity".
Budget 2024 Live Streaming: The budget to be presented will be a vote-on-account, with a full-fledged budget slated for post-Lok Sabha elections in 2024.
Parliament Budget Session: While the Budget Session is not expected to witness significant legislative changes, a noteworthy proposal on the horizon is the potential doubling of the PM Kisan Samman Nidhi scheme specifically for women farmers.
Union Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the budget for FY25 on February 1.
Sitharaman spoke for two hours and 17 minutes in her first budget speech for the year 2019-2020.
Union Budget 2024: Finance Minister Nirmala Sitharaman is set to announce her sixth budget on February 1, which will be an interim budget or a vote-on-account.
Union Budget 2024: Finance Minister Nirmala Sitharaman is the first full-time woman finance minister in India and has presented five full budgets since July 2019.
Budget 2024: Delving into the term "budget," its etymology reveals intriguing historical roots, tracing back to a small bag presented by England's former Finance Minister, Sir Robert Walpole, in 1733.
Stakeholders anticipate supportive policies, infrastructure development, accessible financing, and tax relief. Recognising the pivotal role of technology, MSMEs seek funds for technological advancements and infrastructure.
As part of the ceremony, the Union Finance Minister also took a round of the Budget Press and reviewed the preparations besides extending her best wishes to the officials concerned.
The government presents an interim budget in an election year to outline expenditures and revenues until a new government is formed.
The government is considering expanding the Production-Linked Incentive (PLI) scheme in the upcoming interim budget, aiming to boost the manufacturing sector and employment. Sectors like garments, jewellery, and handicrafts may be included in the PLI scheme, currently available for 14 sectors.
The government has allocated a record-high provision of Rs 10 lakh crore for capital expenditure in FY24, a significant increase from Rs 4.39 lakh crore in FY21.
Union Finance Minister Nirmala Sitharaman alleged that more than 200 temples of Shri Ram in Tamil Nadu have been asked to refrain from Puja, bhajan, Prasadam, and Annadanam in the name of Lord Sri Ram on January 22.
The event is a significant step in finalising the extensive budget-making process that spans several months.
The Finance Minister has indicated that the interim budget 2024 will not include major announcements and that it will be a vote-on-account to meet the government's expenses until a new government is in place.
The interim budget to be presented by Union Finance Minister Nirmala Sitharaman is expected to feature fiscal measures, including potential tax reductions, aimed at tackling rising prices and addressing ongoing inflationary trends.
Addressing an event at Gujarat's GIFT city, Finance Minister Nirmala Sitharaman said that companies in India will be able to access global funds directly after direct listing of IFSC listings.
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