Budget 2024: This is FM Nirmala Sitharaman’s sixth Union Budget.
New Delhi:
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in Parliament today. This will be the interim budget as it comes just ahead of the Lok Sabha Elections.
This is Nirmala Sitharaman’s sixth Union Budget. The full-fledged budget will be presented by the new government that comes to power after the elections.
The interim budget – a short-term financial plan – seeks Parliament nod for a grant in advance to meet the government’s essential expenditure for the first four months of the new financial year.
The Budget Session of Parliament began yesterday with President Droupadi Murmu addressing the joint meeting of both Rajyya Sabha and Lok Sabha. The session will conclude on February 9.
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Finance Minister Nirmala Sitharaman has arrived in Parliament. She will present the Union Budget 2024 at 11 am.
Homebuyers expect the current Rs 2 lakh rebate on housing loan interest Under Section 24 to be increased to about Rs 5 lakh, experts say.
The interim budget that come in the backdrop of a strong domestic economy – will be watched closely by the experts to ascertain if it will be able to maintain the current high rate of growth.
This will be the last budget in Narendra Modi government’s second term as the Lok Sabha elections will be held later this year.
The interim budget is a temporary financial plan that covers the government’s expenses until a new government takes charge after elections. The interim budget seeks Parliament nod for a grant in advance to meet the government’s essential expenditure for the first four months of the new financial year.
Union Budget 2024 will be Nirmala Sitharaman’s sixth budget as the Finance Minister today. After Morarji Desai, she will only be the second finance minister in the nation to give the Union Budget for six consecutive years.