Finance Minister Nirmala Sitharaman has kicked off her seventh consecutive Union Budget presentation today, July 23, in Parliament. She is making history as the first finance minister to present seven budgets in a row, breaking the record set by former Prime Minister Morarji Desai, who delivered six consecutive budgets between 1959 and 1964. This Budget is also the first full one from Prime Minister Narendra Modi’s third term.
The Union Budget outlines the government’s planned spending and revenue for the year ahead, running from April 1, 2024, to March 31, 2025. It reviews the previous year’s achievements and sets out financial goals and allocations for the coming year.
The Budget Session of Parliament started on July 22, with Sitharaman presenting the 2024 Economic Survey a day earlier. The session will have 16 sittings over 22 days and is set to end on August 12.
Follow our live updates for the latest on Budget 2024, including changes to income tax slabs, effects on the stock market, key highlights, and reactions from businesses.