Finance Minister Nirmala Sitharaman is set to present the Interim Budget 2024-25 at Parliament on Thursday, February 1, a day after the commencement of the Budget Session. The interim budget will provide estimates of the government’s expenditure, revenue, fiscal deficit, financial performance, and projections for the upcoming months. The full budget is scheduled to be presented after the Lok Sabha elections by the newly elected government.
On February 1 at 11 am, the Finance Minister will set the stage for the temporary financial plan until the new government takes over. This will be the sixth budget presentation put forth by the finance minister including five annual and one interim.
Finance Minister Nirmala Sitharaman Budget speech will be telecasted live on the official channel of Parliament Sansad TV and Doordarshan.
The interim Budget 2024 can be accessed in a “paperless form” through the Union Budget Mobile App. The bilingual app, available in English and Hindi, can be downloaded on Android, iOS, or from the Union Budget Web Portal (www.indiabudget.gov.in). This Government of India app will provide all essential Budget documents, including the Annual Financial Statement, Demand for Grants, and the Finance Bill as mandated by the Constitution. Budget documents will be promptly available on the Mobile App following the conclusion of the Budget Speech.
Despite some speculations suggesting the interim budget might be a vote on account, many experts anticipate crucial announcements, especially for income taxpayers and salaried individuals. Expectations include measures to enhance the attractiveness of the new income tax regime. Anticipation is also high for significant announcements in the EV, real estate, cryptocurrency, and renewable energy sectors.
Various industry stalwarts, spanning sectors such as EV, real estate, healthcare, education, energy, auto, agriculture, FMCG, IT, and defence, are eagerly awaiting the interim budget. As the countdown to the budget presentation begins, stay informed about all Budget 2024 updates.
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