Live Updates Budget 2024
Live Updates Budget 2024: Although rumors indicated that Finance Minister Nirmala Sitharaman will introduce the Union Budget for FY25 on July 23 or 24, the government has yet to formally confirm the date of the budget’s presentation. People, industries, and economists all have a lot of demands, expectations, and excitement building up to the budget presentation date.
In the meantime, the 18th Lok Sabha’s first session began on June 24. Later on June 26, Om Birla, a three-time BJP MP, was re-elected to the position of Speaker of the Lok Sabha for a second term. By voice voting, he defeated Congressman Kodikunnil Suresh, the nominee for the INDIA bloc. Sources state that the budget would be presented on July 22, the day the Parliament’s Monsoon Session is scheduled to start. It is expected that the session will last until August 9.
The 53rd GST Council meeting, chaired by Nirmala Sitharaman earlier on June 22, focused on a number of measures to simplify the application of GST to goods and services. Several recommendations were put out to improve tax rates and service exemptions under the GST regime.
The Interim Budget, which is a vote on account to cover government spending until a new administration is established, was given by Finance Minister Nirmala Sitharaman ahead of the elections.
In her interim budget statement on February 1, Finance Minister Nirmala Sitharaman allocated Rs 86,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme, keeping it at the same level as specified in the revised estimate for 2023–2024. She emphasized that the CAG has already provided feedback regarding how MGNREGA is being implemented in certain States, where claims are getting to the point where they require verification. “Are they [those receiving pay] actually persons who live there?… other queries that are crucial to the program’s letter and spirit.
Finance Minister Nirmala Sitharaman had stated during the interim budget presentation earlier in February that the government had surpassed the previous record of Rs 10 lakh crore allotted during fiscal 2023–24 by setting aside Rs 11.11 lakh crore. This was equivalent to 3.4% of GDP.
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Sujata Saunik becomes Maharashtra’s first female chief secretary 2024
