NEW DELHI: Union finance minister Nirmala Sitharaman is poised to create historical past by delivering her seventh Union Price range at the moment, surpassing the earlier file of six budgets held by former finance minister Morarji Desai.
Desai, who served as finance minister below Prime Ministers Jawaharlal Nehru and Indira Gandhi, later turned the Prime Minister of India in 1977.
Union Budget 2024: Live updates
In 2019, Sitharaman was appointed as India’s first full-time girl finance minister following Prime Minister Narendra Modi‘s decisive second time period victory. Since then, she has introduced six consecutive budgets, together with an interim one in February this yr.
In 1999, then finance minister Yashwant Sinha modified the price range presentation time from the normal 5pm to 11am, a follow that continues to today.
At the moment’s price range session is scheduled to start at 11am and can be broadcast dwell on varied platforms, together with the federal government’s official Union Price range web site and Sansad TV.
Varied sectors have excessive expectations for important bulletins within the price range. Taxpayers are anticipating reduction via decrease tax charges and adjusted revenue tax slabs, whereas the market is searching for measures aimed toward fiscal consolidation and financial reforms. There’s additionally hypothesis about potential help for the agricultural sector, a push for the electrical automobile sector, and doable changes to the Securities Transaction Tax.
She is going to desk the price range one hour after the conclusion of the presentation of the Union Price range 2024-25 within the Lok Sabha.
The interim price range, introduced on February 1, addressed the monetary necessities for the intervening interval till a brand new authorities was shaped following the Lok Sabha polls, after which the brand new authorities was anticipated to current a full price range.
Desai, who served as finance minister below Prime Ministers Jawaharlal Nehru and Indira Gandhi, later turned the Prime Minister of India in 1977.
Union Budget 2024: Live updates
In 2019, Sitharaman was appointed as India’s first full-time girl finance minister following Prime Minister Narendra Modi‘s decisive second time period victory. Since then, she has introduced six consecutive budgets, together with an interim one in February this yr.
In 1999, then finance minister Yashwant Sinha modified the price range presentation time from the normal 5pm to 11am, a follow that continues to today.
At the moment’s price range session is scheduled to start at 11am and can be broadcast dwell on varied platforms, together with the federal government’s official Union Price range web site and Sansad TV.
Varied sectors have excessive expectations for important bulletins within the price range. Taxpayers are anticipating reduction via decrease tax charges and adjusted revenue tax slabs, whereas the market is searching for measures aimed toward fiscal consolidation and financial reforms. There’s additionally hypothesis about potential help for the agricultural sector, a push for the electrical automobile sector, and doable changes to the Securities Transaction Tax.
She is going to desk the price range one hour after the conclusion of the presentation of the Union Price range 2024-25 within the Lok Sabha.
The interim price range, introduced on February 1, addressed the monetary necessities for the intervening interval till a brand new authorities was shaped following the Lok Sabha polls, after which the brand new authorities was anticipated to current a full price range.
