Budget Session Begins for FY2024-25
The budget session for the financial year 2024-25 has started today, July 22, 2024, in Parliament. This is the first full budget after the Modi government was re-elected for a third term. Taxpayers are hopeful for significant tax reliefs in this budget. When will the budget be presented, and how can you watch it live? Find out below.
When Will the Budget Be Presented?
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in Parliament on July 23, 2024. This will be her seventh consecutive budget presentation, starting at 11 am on Tuesday.
What to Expect from Budget 2024
The budget is expected to outline the vision for a developed India by 2047. According to Mehta Equities, “Expectations are high, with investors hoping for the continuation of economic reforms that have made India the world’s fastest-growing major economy.”
Key Expectations: Budget 2024
Punit Shah from Dhruva Advisors suggests that the government might introduce changes to boost consumer spending. Key expectations include raising the tax-free income threshold, reducing tax rates for middle-income earners, and increasing standard deductions for salaried employees.
How to Watch the Budget Speech Live
You can watch Finance Minister Nirmala Sitharaman’s budget speech live on the official Union Budget website (indiabudget.gov.in). It will also be broadcast live on Sansad TV.
