Budget 2024-25: From 'Bahi-Khata' to going paperless, Finance Minister Nirmala Sitharaman cements new traditions for the budget presentation in India
Budget 2024: Sitharaman in her inaugural Budget presentation in 2019, had introduced the 'Bahi Khata' to carry the Budget documents, replacing the traditional leather briefcase
Union Budget 2024-25 will be the seventh consecutive budget presentation by Sitharaman, a record streak by any finance minister of India, marking a key historical milestone.
Finance Minister Nirmala Sitharaman to present the seventh consecutive Budget today at 11 am
Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight Budget on Tuesday for the fiscal 2024-25, surpassing the record of former prime minister Morarji Desai. Sitharaman, who will turn 65 next month, was in 2019 appointed as India's first full-time woman finance minister when Prime Minister Narendra Modi won a decisive second term. Since then, she has presented six straight budgets, including an interim one in February this year. The full Budget for the 2024-25 fiscal (April 2024 to March 2025) will be her seventh straight. She will better Desai's record, who presented consecutive five full budgets and one interim budget between 1959 to 1964. This year will witness two budgets - an interim one in February and a full one this month. This is because an incumbent government cannot present a full Budget just before general elections. The presentation on July 23 will be the first Budget by the BJP-led NDA government since it was re-elected la
Finance Minister Nirmala Sitharaman is set to make history with her seventh consecutive Union Budget presentation today, laying out Modi 3.0's fiscal plan for the India Budget for FY25
Finance Minister Nirmala Sitharaman will on Tuesday present her 7th straight Budget that would lay a roadmap for Viksit Bharat (developed India) by 2047, while giving a glimpse of 10 years' performance. All eyes will be on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their hands, as there is tax buoyancy. Besides, the market also expects staying on the fiscal glide path to lower the fiscal deficit to 4.5 per cent of GDP by 2025-26. Sitharaman, who would be presenting her seventh straight budget, had in her first Budget in 2019 replaced the leather briefcase -- which had been in use for decades for carrying Budget documents -- with a traditional 'bahi-khata' wrapped in red cloth. This year's Budget would be in paperless form, as done in the last three years. Here are the key numbers to watch out for the first full Budget of Modi 3.0: * Fiscal Deficit: The budgeted fiscal deficit, which is the difference between the government .
All you need to know before the market opens on Budget Day, July 23: The Budget 2024-25 is likely to set the market direction in the near-term; Experts recommend keeping a close tab on Nifty 24,500.
Suggests to resolve transfer pricing matters to sustain foreign investor interest
Economic Survey 2024 LIVE news: The Economic Survey stated that short-term inflation outlook benign, but India faces persistent deficit in pulses
Union Budget 2024: As Finance Minister Nirmala Sitharaman presents the Union Budget on Tuesday, markets expect tax cuts, infra spending, and a boost to rural demand. Stay with us for all updates
Sanjeev Agrawal, President, PHD Chamber of Commerce and Industry, said, "We believe that the growth will be above such conservative estimates as 8 per cent growth is becoming a new normal for India"
The Economic Survey for FY24 highlighted that mental health affects productivity more broadly than physical health issues and highlighted the socio-economic impacts of mental disorders
The Ministry of Corporate Affairs (MCA) has taken several steps, including the withdrawal of prosecutions and compoundable cases, to reduce litigations under the companies law, Finance Minister Nirmala Sitharaman said Monday. Sitharaman, also the Union Minister of Corporate Affairs, said in Lok Sabha that 14,247 prosecutions were withdrawn in the first special drive conducted in 2017 and a decision has also been taken for withdrawing 7,338 compoundable cases identified in the second special drive in 2023. "Till July 15, 2024, a total of 6,294 applications for withdrawal have been filed before various courts. However, serious or non-compoundable offences will continue to be prosecuted," she said in Lok Sabha. The minister said the MCA has taken several steps to review pending prosecutions in various courts. In 2017 and later in 2022, a committee of senior officers of the ministry was set up to give recommendations on withdrawal of prosecutions. The objective was to free judicial cou
The Economic Survey revealed an overall positive report and outlook of key sectors, noting that the uncertain global climate may hamper economic growth going ahead
The short-term inflation outlook for India is benign, and the expectation of a normal monsoon and moderating global prices of key imported items give credence to the projections made by the RBI and IMF, the Economic Survey said on Monday. However, to ensure long-term policy stability, the Survey 2023-24 suggested making focused efforts to increase the production of major oilseeds, expanding the area under pulses, and assess the progress in developing modern storage facilities for specific crops. The Economic Survey 2023-24, tabled in Parliament by Finance Minister Nirmala Sitharaman, also suggested linking of price monitoring data for essential food items collected by different departments to help monitor and quantify the build-up of prices at each stage from the farm gate to the final consumer. "The ongoing efforts to construct the producer price index for goods and services may be expedited to have a greater grasp of episodes of cost-push inflation," said the Survey authored by a
The 22-day long Monsoon session is anticipated to have 16 sittings and tentatively conclude on August 12, with a focus on financial businesses related to the Budget
The Economic Survey 2024, to be presented today, will evaluate India's economic recovery, growth potential, and address key challenges, setting the stage for budgetary decisions and fiscal policies
The Economic Survey of India 2023-24, along with a statistical appendix, will be laid on the table of the Houses of Parliament on Monday. The Budget for the Union Territory of J&K on 23 July.
Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday as the Monsoon Session of Parliament gets underway next week with the united opposition set to corner the NDA government on issues ranging from the NEET paper leak case and railway safety. The Monsoon Session begins on Monday and will have 19 sittings till August 12 when the government is expected to present six bills, including the one to replace the 90-year-old Aircraft Act, and also get the Parliament nod for the budget of Jammu and Kashmir, which is under central rule. Sitharaman will also table the Economic Survey in Parliament on Monday. Parliamentary Affairs Minister Kiren Rijiju has convened a meeting of the floor leaders of political parties in Parliament to understand issues they would want to raise during the session. The BJD, led by former Odisha chief minister Naveen Patnaik, has declared that it would play the role of a strong opposition and aggressively raise issues of interest to the state