​Who presented the Union Budget 2024-25 in the Parliament on 23 July 2024?​

Correct option is B

The correct answer is: (b) Ms. Nirmala Sitharaman

Explanation:

• On 23 July 2024, Ms. Nirmala Sitharaman, the Union Minister of Finance and Corporate Affairs, presented the Union Budget 2024-25 in the Parliament of India.

• This budget marked the first of the third term of the Narendra Modi-led government and was the seventh consecutive budget presented by Ms. Sitharaman, setting a record for the most number of budgets presented by a finance minister in India.

Information Booster:

• Budget Highlights:

  • Fiscal Deficit Target: The fiscal deficit for FY 2024-25 was projected at 4.9% of GDP, with a long-term goal of reducing it to below 4.5% in the subsequent years.

  • Tax Reforms: The budget introduced revised income tax slabs under the new tax regime, aiming to provide relief to middle-class taxpayers.

  • Job Creation and Rural Development: Allocations were made for job creation schemes and rural development initiatives, focusing on infrastructure, agriculture, and MSMEs.

• Economic Outlook:

  • The budget aimed to support economic growth with a nominal GDP growth forecast of 10.5% for FY 2024-25.

  • Emphasis was placed on enhancing manufacturing, infrastructure, and digital economy sectors to bolster economic resilience.