New Delhi.Union Budget 2024.22.07.2024: Union Finance Minister Nirmala Sitharaman is set to present her seventh consecutive Union Budget on July 23. The focus of Budget 2024-25 is expected to be on changes in the income tax structure to benefit taxpayers across all segments and on improving the ease of doing business in India. This budget will mark a significant milestone as the first full financial budget of the Prime Minister Narendra Modi-led National Democratic Alliance (NDA) government in its third successive term.
Key Highlights of Union Budget 2024
Date, Time, and Place of Union Budget 2024
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in Parliament on July 23, 2024. Her speech will commence at 11 am. For those keen to follow the announcements live, Sitharaman’s Union Budget 2024 speech can be watched on snapnews.in, where comprehensive coverage of the Budget and its impact on the common man’s life will be available.
This presentation marks Sitharaman’s seventh consecutive Union Budget, surpassing the record of Morarji Desai, who had presented six consecutive budgets. The significance of this milestone was highlighted by Prime Minister Narendra Modi on the eve of the Budget presentation. Modi remarked, “It is a matter of pride that after 60 years, a government has come to power for the third time and will present the first Budget for the third time. This Budget is an important budget for Amrit Kaal. Today’s budget will decide the direction for the next 5 years of our term and will also become a strong foundation of our dream of Viksit Bharat.”
Economic Survey 2023-24
On Monday, Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-24 along with the statistical appendix in the Lok Sabha. The Economic Survey is an annual document presented by the government ahead of the Union Budget to review the state of the economy and provide an overview of the short-to-medium-term prospects of the economy. Prime Minister Modi noted on X, “The Economic Survey highlights the prevailing strengths of our economy and also showcases the outcomes of the various reforms our Government has brought.”
What to Expect from Budget 2024
The spotlight of Union Budget 2024-25 is expected to be on changes in the income tax structure to benefit taxpayers across all segments. This focus aims to provide relief to a broader range of taxpayers, ensuring that the benefits of economic growth are more evenly distributed. Additionally, efforts to improve the ease of doing business in India are likely to be a key theme, continuing the government’s push to make India a more attractive destination for investment and business operations.
As Budget 2024 unfolds, the implications for various sectors and the common man will be keenly watched. With expectations high and significant reforms anticipated, the outcomes of this budget will play a crucial role in shaping the economic landscape of India in the coming years. For detailed coverage and analysis of Budget 2024, visit snapnews.in.
In conclusion, Budget 2024 is set to be a pivotal moment in India’s economic journey, with Finance Minister Nirmala Sitharaman poised to present her seventh consecutive budget. The focus on income tax reforms and ease of doing business underscores the government’s commitment to fostering a more inclusive and business-friendly environment. Stay tuned to snapnews.in for all the latest updates and in-depth analysis of Budget 2024.
