Budget 2024 Date Highlights: While reports suggested that Finance Minister Nirmala Sitharaman is all set to table the Union Budget for FY25 on July 23 or 24, there is still no official announcement of the date of the Budget presentation by the government. Moving closer to the date of the Budget presentation, there is a slew of expectations, demands and anticipation from people, industries, and economists alike.
Meanwhile, the first session of the 18th Lok Sabha has already commenced on June 24 and later on June 26, Om Birla, a three-time BJP MP, was re-elected as the Lok Sabha Speaker for a second term. He won against the INDIA bloc’s candidate, Congress’ Kodikunnil Suresh, through a voice vote. The Monsoon Session of the Parliament, according to sources, is expected to begin on July 22 and the Budget presentation will coincide with this. The session is likely to continue until August 9.
Earlier on June 22, Nirmala Sitharaman presided over the 53rd GST Council meeting, which deliberated on various proposals to streamline GST applicability across goods and services, and several recommendations were made to refine tax rates and service exemptions under the GST regime.
On June 12, Nirmala Sitharaman formally took charge as the Finance and Corporate Affairs Minister of the newly formed NDA government. The finance minister is expected to soon table the Union Budget for FY25.
After taking charge, she instructed officials to start the budget formulation process. She stressed on the importance of meticulous planning and thorough analysis. The early start of the preparation for the Union Budget is aimed to ensure that it is well-structured and effectively addresses the country’s economic priorities and even challenges.
Greetings! Welcome to the live coverage of Budget 2024-25. Here, we will keep you updated with all the announcements about the probable date when Finance Minister Nirmala Sitharaman is expected to table the Budget. As we are moving closer to the date of the Budget presentation, the anticipation is rising on when will the finance minister table the Budget, what can be the major announcements, and what will lead to these announcements.