Finance Minister Nirmala Sitharaman is gearing up for an unexpected move, presenting the Interim Budget 2024-25 at Parliament on Thursday, February 1, just a day into the Budget Session. This interim budget will spill the details on government expenditures, revenues, fiscal deficits, financial performance, and future projections for the upcoming months. Bucking the trend, the full budget is slated for release after the Lok Sabha elections by the newly elected government.
Contrary to speculation about a routine vote on account, experts are on high alert for potential game-changers, particularly for income taxpayers and those with a regular salary. The buzz centers around measures to make the new income tax regime more enticing. Eyes are also peeled for groundbreaking announcements in sectors like electric vehicles, real estate, cryptocurrency, and renewable energy.
Leading figures in various industries, spanning EV, real estate, healthcare, education, energy, auto, agriculture, FMCG, IT, and defense, are eagerly anticipating the interim budget. As the countdown begins, stay tuned for all Budget 2024 updates with Livemint.
For the freshest news on Budget 2024, follow our live coverage on the Income Tax Slab, Impact on the Share Market, Budget Key Highlights, Corporate Reactions, and Hilarious Memes.
FAQs Before FM Nirmala Sitharaman’s Interim Budget 2024 Address:
When and where will the Budget be announced? The Finance Minister will take the stage on February 1 at 11 am, setting the tone for a temporary financial plan until a new government assumes office. This marks the sixth budget presentation by the finance minister, including five annual and one interim.
Where can you watch FM Nirmala Sitharaman’s speech? Catch Finance Minister Nirmala Sitharaman’s live Budget speech on the official channels of Parliament, Sansad TV, and Doordarshan.
Where can you access the Budget 2024 document? Experience the interim Budget 2024 in a “paperless form” through the Union Budget Mobile App. Downloadable on Android and iOS, or from the Union Budget Web Portal (www.indiabudget.gov.in), this bilingual app (English and Hindi) by the Government of India will swiftly provide all essential Budget documents, including the Annual Financial Statement, Demand for Grants, and the Finance Bill, as mandated by the Constitution. Budget documents will be readily available on the Mobile App post the conclusion of the Budget Speech.