Nirmala Sitharaman, Union Finance Minister, is set to unveil the Union Budget for the fiscal year 2024-2025 on Tuesday, July 23, in the Lok Sabha hall of Parliament in New Delhi. This marks her seventh consecutive budget speech since 2019 and her second for this year, 2024. Earlier, on February 1, 2024, she presented an interim budget ahead of the general elections.
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The upcoming budget announcement will be scrutinised by various sectors, including industry, taxation, and the middle-income class. This budget is particularly significant as it is the first annual financial statement of the Modi government’s third term in power. Expectations are high among individual taxpayers for significant tax reliefs, while the industry hopes for an extension of the Production Linked Incentive (PLI) scheme and GST reforms for the realty sector, among other requests.
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- Date: Tuesday, July 23, 2024
- Time: 11 AM (IST)
- Location: Parliament, New Delhi
YouTube
- The Union Budget 2024 will be streamed live on the Ministry of Finance’s official YouTube channel.
Sansad TV
- The live telecast will be available to the public on Sansad TV.
Doordarshan
- The public can also view the broadcast on the government-run Doordarshan channel.
Additional Online Streaming
- The live streaming of the Finance Minister’s speech will also be accessible on the YouTube channels of Sansad TV and Doordarshan.
A shift in tradition
In 2019, Finance Minister Sitharaman broke away from the traditional practice of carrying the Budget in a briefcase. Instead, she opted for a ‘bahi-khata’ (ledger) with the national emblem, carrying the speech and other documents on a tablet computer.
Union Budget 2024 expectations
The budget announcement will be closely watched by various sectors. Individual taxpayers are hopeful for substantial tax reliefs, while the industry is looking forward to potential extensions of the Production Linked Incentive (PLI) scheme and reforms in the Goods and Services Tax (GST) for the real estate sector. The upcoming budget will set the financial tone for the Modi government’s third term, making it a highly anticipated event for stakeholders across the nation.
Stay tuned to the live telecast and streaming options to catch all the updates and announcements from Finance Minister Nirmala Sitharaman’s Union Budget 2024 speech.
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