Budget 2024 LIVE Updates, Check Key Highlights of Budget 2024

Finance Minister Nirmala Sitharaman is announcing the Interim Budget 2024 today in Lok Sabha. In this article you can check complete Budget 2024 LIVE Updates.

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Finance Minister Nirmala Sitharaman is releasing the Union Budget 2024 in Parliament today, on February 1, 2024. This budget is considered an interim budget as it precedes the Lok Sabha Elections. Notably, it marks Nirmala Sitharaman’s sixth Union Budget. The comprehensive budget for 2024 will be presented by the new government that assumes power after the elections. The interim budget 2024, characterized as a short-term financial plan, seeks Parliament’s approval for an advance grant to address the government’s essential expenditure for the initial four months of the upcoming financial year. Stay updated on Budget 2024 LIVE Updates in this article.

Budget 2024 LIVE Updates

Budget 2024 LIVE Updates, Empowering Amrit Peedhi, the youth

National Education Policy 2020 driving transformative reforms
Prime Minister focused on delivering quality teaching
Skill India Mission trained 1.4 crore youth, upskilled and reskilled 54 lakh youth, and established 3,000 new ITIs
Establishment of numerous higher learning institutions, including 7 IITs, 16 IITs, 7 IIMs, 15 AIIMSs, and 390 universities
PM Mudra Yojana sanctioned 43 crore loans, amounting to Rs. 22.5 lakh crore, supporting the entrepreneurial aspirations of the youth
Initiatives like Fund of Funds, Startup India, and Startup Credit Guarantee Schemes aid the youth in their entrepreneurial endeavors

Budget 2024 LIVE Updates, Last Budget Of Narendra Modi 2.0 Government

The upcoming budget marks the final fiscal plan in the second term of the Narendra Modi government, as Lok Sabha elections are scheduled to take place later this year.

Budget 2024 LIVE Updates, What Is Interim Budget?

The interim budget serves as a provisional financial blueprint, addressing the government's expenditures until a new administration assumes office following elections. This budget requests approval from Parliament for an advance grant, intended to cover essential government expenses during the initial four months of the upcoming financial year.

Interim Budget 2024 Live

On Thursday, February 1, Finance Minister Nirmala Sitharaman commenced her Budget speech, unveiling the Interim Budget 2024-25 in Parliament. This follows the initiation of the Budget Session 2024 a day earlier. Various industry leaders, spanning EV, real estate, healthcare, education, energy, auto, agriculture, FMCG, IT, and defense, are eagerly awaiting the interim budget. As the countdown to the budget presentation continues, keep yourself informed with Interim Budget 2024 Live updates.

Interim Budget 2024 Live Time

Finance Minister Nirmala Sitharaman initiated her Budget speech to unveil the Interim Budget 2024-25 in Parliament on Thursday, February 1, following the commencement of the Budget Session 2024 a day earlier. Anticipation runs high among industry leaders across various sectors, including EV, real estate, healthcare, education, energy, auto, agriculture, FMCG, IT, and defense, as they eagerly await the interim budget. As the clock ticks down to the budget presentation, stay abreast of all live updates for Interim Budget 2024. It is worth noting that the announcement date of the budget was shifted to February 1 at 11 am from the traditional last working day of February during the first term of the PM government, as directed by former Finance Minister Arun Jaitley.

Budget 2024 Highlights

The Budget Session of Parliament commenced on January 31 with President Droupadi Murmu addressing a joint sitting. Expressing optimism about constructive discussions within the new Parliament building, President Murmu emphasized the accomplishments of the Centre, noting that nearly 25 crore people have been lifted from poverty during her government’s 10-year tenure.

Scheduled to conclude on February 1, the session will feature Finance Minister Nirmala Sitharaman presenting the interim budget. Parliamentary Affairs Minister Pralhad Joshi outlined the key agenda items, which include the President’s Address, the interim budget presentation, and the debate on the Motion of Thanks on the President’s Address.

During the inaugural session in the new Parliament building, Prime Minister Narendra Modi highlighted the Parliament’s decision on the Nari Shakti Vandan Adhiniyam. This decision aligns with the country witnessing the strength, courage, and unwavering determination of Nari Shakti on January 26.

As the budget session continues under the guidance of President Droupadi Murmu and with Nirmala Sitharaman presenting the interim budget, the proceedings are regarded as a celebration of Nari Shakti.

FAQs

What is an interim budget?

An interim budget is a temporary financial plan presented by the government to cover essential expenditures until a new government assumes office after elections.

Why is the Union Budget 2024 considered an interim budget?

The Union Budget 2024 is considered an interim budget as it precedes the Lok Sabha Elections. It serves as a short-term financial plan until a new government is formed.