Budget 2024: 10 facts about the Union Budget you should know
Budget | February 01, 2024 10:05 ISTUnion Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the budget for FY25 on February 1.
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.
While the upcoming 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. The Union Finance Minister is set to present the interim Budget on Feb 1.
Interim Budget will be presented on February 1 in Lok Sabha. This will be the last Interim Budget of this tenure of the Narendra Modi government at Centre, as Lok Sabha polls are scheduled to take place this year.
Finance Minister Nirmala Sitharaman will present the Economic Survey in the Parliament on January 31. The Economic Survey is prepared by the Economic Division of the Ministry of Finance and covers economic matters.
The sender claimed to be from 'Khilafat India' and stated that bombs have been planted at a total of 11 locations in Mumbai. According to the email, the bombs were planted at RBI offices, ICICI Bank and HDFC Bank and the blasts were to take place at 1:30 pm today (December 26).
The quota for women in the Lok Sabha and assemblies will continue for 15 years and Parliament can later extend the benefit period. While there is quota within quota for Scheduled Caste (SC) and Scheduled Tribe (ST) women, the opposition had demanded that the benefit be extended to OBCs.
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