Budget 2024 / The country's interim budget will be presented in Parliament today, will a small budget package create a big bang?

Zoom News : Feb 01, 2024, 08:20 AM
Budget 2024: Finance Minister Nirmala Sitharaman is going to present her first interim budget today. Nirmala Sitharaman will present the sixth consecutive budget today. With this, Sitharaman will join the club of former Prime Minister Morarji Desai by presenting five consecutive full budgets and one interim budget. This will be the last budget of the Modi government before the general elections to be held in the year 2024. Which is interim or mini budget. The full budget will be presented after the formation of the new government. The government can also make many big announcements to boost the country's economy.

At 8.15 am, the Finance Minister will first participate in a photo session with her team preparing Budget 2024. At 8.45 am, the Finance Minister will meet His Excellency the President and take approval of the budget. Finance Minister Nirmala Sitharaman will reach Parliament at 9.15 am. There will be a cabinet meeting at 10 am in which the budget will be approved. The Finance Minister will present the interim budget of 2024 in Parliament at 11 am.

Nirmala Sitharaman is the first woman finance minister to present a full budget.

Nirmala Sitharaman is the first full-time woman Finance Minister, who has presented 5 full budgets since July 2019 and will present the interim budget on Thursday. When Sitharaman presents the interim budget on February 1, she will leave behind the records of former finance ministers like Manmohan Singh, Arun Jaitley, P. Chidambaram and Yashwant Sinha. These leaders had presented 5 consecutive budgets.

Sitharaman will equal Morarji Desai's records as soon as she presents the budget.

This is the sixth consecutive budget of Finance Minister Nirmala Sitharaman. By presenting the budget today, she will equal Morarji Desai's record of presenting 5 consecutive full budgets and one interim budget.

Congress will raise issues of unemployment and Manipur

The Congress on Wednesday decided that it will try to raise various issues including price rise, unemployment and Manipur in the budget session of Parliament. The topics and strategy to be raised in the budget session were discussed in the meeting of the Parliamentary Strategic Group of the Congress held under the chairmanship of Congress Party's parliamentary party chief Sonia Gandhi.

Budget documents will also be available

After the speech of Finance Minister Nirmala Sitharaman is over, you can easily download the budget document by visiting the Union Budget mobile app. This app is easily available on Google Play and Apple Play Store.

Capital goods sector expected from budget

The industry expects that the government will continue capital expenditure on railways etc. in Budget 2024. A scheme can also be introduced to increase electric production, which will benefit the capital goods sector.

Impact of budget will be visible on railways and infrastructure

The government may increase additional expenditure on power, utilities and renewables. Its impact can be seen on railways, infrastructure and capital goods sectors. At the same time, companies related to FMCG and auto sectors will benefit from higher spending in the rural economy.

One of the things that the common man waits for the most in the budget every year is whether there is any tax relief or not. This time too the middle class has a lot of expectations from the budget. The Finance Minister can give big relief to the taxpayers in this budget. In this, people with salary up to Rs 10 lakh can get good news. Changes may be seen in the new tax regime.

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