New Delhi [India], Preparations for the upcoming Union Budget 2024-25 started in Delhi on Thursday. Finance Minister Nirmala Sitharaman has directed officials to begin the budget preparation process, stressing the need for careful planning and comprehensive analysis.
The goal of this head start is to ensure a well-planned budget that effectively addresses the country's economic priorities and challenges. The collaborative efforts of the Ministry's team are expected to contribute to a strong and strategic financial plan for the upcoming financial year.
According to sources, the Union Budget for 2024-25 is likely to be presented in Parliament by the third week of July.Earlier, due to it being an election year, Finance Minister Nirmala Sitharaman had presented the interim budget for 2024-2025 in Parliament on 1 February.
The interim budget is presented by a government that is either in transition or in the last year of its tenure before general elections. The purpose of the interim budget is to ensure continuity of government expenditure and essential services until the new government presents a full budget after assuming office.
Now after the election results, Finance Minister Nirmala Sitharaman will present her seventh consecutive budget. This will also be the full budget for the year 2024-25.
In the February interim budget, the government focused on economic policies that promote growth, facilitate inclusive growth, improve productivity and create opportunities for different sections of the society, while noting that She will focus most on the eastern region including the states of Bihar, Jharkhand. , Chhattisgarh, Odisha and West Bengal are to be growth engines as part of the goal of making India a developed country by 2047.In her second term, Nirmala Sitharaman formally took charge as the Union Minister of Finance and Corporate Affairs on Wednesday morning.
He was welcomed by Finance Secretary TV Somanathan and other secretaries of the Ministry of Finance and Corporate Affairs at the office in North Block.
Nirmala Sitharaman, who has been a Union minister in both the 2014 and 2019 Modi cabinets, took oath as Union Cabinet minister in Prime Minister Narendra Modi's new Union Council of Ministers at the forecourt of Rashtrapati Bhavan on Sunday evening, along with 70 other ministers. Sworn in. Ministers.
The goal of this head start is to ensure a well-planned budget that effectively addresses the country's economic priorities and challenges. The collaborative efforts of the Ministry's team are expected to contribute to a strong and strategic financial plan for the upcoming financial year.
According to sources, the Union Budget for 2024-25 is likely to be presented in Parliament by the third week of July.Earlier, due to it being an election year, Finance Minister Nirmala Sitharaman had presented the interim budget for 2024-2025 in Parliament on 1 February.
The interim budget is presented by a government that is either in transition or in the last year of its tenure before general elections. The purpose of the interim budget is to ensure continuity of government expenditure and essential services until the new government presents a full budget after assuming office.
Now after the election results, Finance Minister Nirmala Sitharaman will present her seventh consecutive budget. This will also be the full budget for the year 2024-25.
In the February interim budget, the government focused on economic policies that promote growth, facilitate inclusive growth, improve productivity and create opportunities for different sections of the society, while noting that She will focus most on the eastern region including the states of Bihar, Jharkhand. , Chhattisgarh, Odisha and West Bengal are to be growth engines as part of the goal of making India a developed country by 2047.In her second term, Nirmala Sitharaman formally took charge as the Union Minister of Finance and Corporate Affairs on Wednesday morning.
He was welcomed by Finance Secretary TV Somanathan and other secretaries of the Ministry of Finance and Corporate Affairs at the office in North Block.
Nirmala Sitharaman, who has been a Union minister in both the 2014 and 2019 Modi cabinets, took oath as Union Cabinet minister in Prime Minister Narendra Modi's new Union Council of Ministers at the forecourt of Rashtrapati Bhavan on Sunday evening, along with 70 other ministers. Sworn in. Ministers.
