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FM Nirmala Sitharaman To Table Modi 3.0 Budget On July 23

FM Nirmala Sitharaman To Table Modi 3.0 Budget On July 23

Union Minister Kiren Rijiju announced that the full Budget for 2024-25 will be presented on July 23, with the Parliament session beginning on July 22 and concluding on August 12. The Budget session will be the first in Narendra Modi's third term as Prime Minister, marking the first time the BJP does not have a majority on its own. Finance Minister Nirmala Sitharaman, who presented an interim Budget in February due to upcoming Lok Sabha elections, will be presenting her seventh consecutive Budget, a historic achievement surpassing Morarji Desai's record.

Expectations for the Budget are high, particularly for changes in the income tax structure to benefit the middle and salaried classes. President Droupadi Murmu's address hinted at "many historic steps" and an acceleration of reforms. She emphasized that the Budget will reflect the government's far-reaching policies and futuristic vision, aiming to align with the aspirations of the Indian people for rapid development.

The first special session of the 18th Lok Sabha saw intense scenes, with the opposition, led by Rahul Gandhi, asserting its presence. The INDIA alliance won 232 seats in the general elections, while the BJP secured 240. The NDA, however, maintains a comfortable majority with 293 MPs. Issues such as the NEET exam paper leak, Manipur, the Emergency, the Agnipath scheme, and alleged constitutional undermining by the ruling party dominated the special session and are expected to surface again during the Budget session.

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FM Nirmala Sitharaman To Table Modi 3.0 Budget On July 23

FM Nirmala Sitharaman To Table Modi 3.0 Budget On July 23

Union Minister Kiren Rijiju announced that the full Budget for 2024-25 will be presented on July 23, with the Parliament session beginning on July 22 and concluding on August 12. The Budget session will be the first in Narendra Modi's third term as Prime Minister, marking the first time the BJP does not have a majority on its own. Finance Minister Nirmala Sitharaman, who presented an interim Budget in February due to upcoming Lok Sabha elections, will be presenting her seventh consecutive Budget, a historic achievement surpassing Morarji Desai's record.

Expectations for the Budget are high, particularly for changes in the income tax structure to benefit the middle and salaried classes. President Droupadi Murmu's address hinted at "many historic steps" and an acceleration of reforms. She emphasized that the Budget will reflect the government's far-reaching policies and futuristic vision, aiming to align with the aspirations of the Indian people for rapid development.

The first special session of the 18th Lok Sabha saw intense scenes, with the opposition, led by Rahul Gandhi, asserting its presence. The INDIA alliance won 232 seats in the general elections, while the BJP secured 240. The NDA, however, maintains a comfortable majority with 293 MPs. Issues such as the NEET exam paper leak, Manipur, the Emergency, the Agnipath scheme, and alleged constitutional undermining by the ruling party dominated the special session and are expected to surface again during the Budget session.

 
 

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