Earlier this yr, no Financial Survey was tabled within the Parliament’s Finances session in February, because it was an Interim Finances.Nonetheless, forward of the primary full Finances of the Modi 3.0 authorities, the Financial Survey can be tabled this time.
What’s Financial Survey?
The Financial Survey is a doc ready by the Financial Division of the Division of Financial Affairs within the Ministry of Finance beneath the steering of the chief financial adviser.
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The Financial Survey yearly goals to offer insights into the state of the economic system and numerous indicators of the monetary yr in addition to some outlook for the present yr. The doc may supply a glimpse and steering into what the Union Finances for 2024-25 will supply.
In response to an ANI report, the primary financial survey got here into existence in 1950-51 as a part of the finances paperwork. It was later separated from the Finances paperwork within the Sixties and introduced the day earlier than the Union Finances. The central theme of the survey is without doubt one of the most anticipated options.
Along with the sectoral chapters, the Survey doc often consists of new need-based chapters that require consideration. The finance minister’s main bulletins and the federal government’s forward-looking steering concerning the general economic system would be the focus of consideration.
Financial Survey 2023-24: Date, time
Union Finance Minister Nirmala Sitharaman will introduce the pre-budget doc in Parliament, simply sooner or later earlier than the Finances presentation, that’s on Monday, July 22, 2024. The doc is anticipated to be tabled round 1:00 PM, based on studies. The Chief Financial Advisor V. Anantha Nageswaran will maintain a press convention on it at 2:30 PM.
In 2022, the central theme was ‘Agile Method’, specializing in India’s financial response to the COVID-19 pandemic. By 2023, the theme shifted to ‘Restoration Full’, highlighting the economic system’s broad-based restoration from the pandemic-induced contraction, the Russian-Ukraine battle, and inflation, returning to the pre-pandemic development trajectory.
