What is an interim budget? When will there be a full budget? All FAQs answered
10 months, 3 weeks ago

What is an interim budget? When will there be a full budget? All FAQs answered

Hindustan Times  

As Finance Minister Nirmala Sitharaman is set to present the interim Budget 2024, prior to this Piyush Goyal had presented an interim budget in 2019. Interim Budget 2024: After the Lok Sabha elections, the new government presents a full budget. During an election year, the incumbent government cannot present a full budget owing to which the finance ministers present an interim Budget that covers the government's expenses and revenues for a short period. The interim Budget includes estimates for the government's expenditure, revenue, fiscal deficit, financial performance and projections for just a few months. The Parliament passes a vote-on-account through the interim Budget which allows the government to obtain Parliamentary approval for essential government spending such as salaries and ongoing expenses.

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History of this topic

Union Budget 2024: Your quick guide to the document and why it is being presented in July this year
5 months, 2 weeks ago

Union Budget 2024: Your quick guide to the document and why it is being presented in July this year

Hindustan Times  

What is the Union Budget? Union Finance Minister Nirmala Sitharaman with the interim budget of 2024 The budget highlights the financial priorities of the government and therefore, acts as a roadmap for the nation’s finances. The union budget 2024 is scheduled to be presented on July 23, 2024 by Finance Minister Nirmala Sitharaman, who will become the first finance minister …

Budget 2024 Date Announced: FM Sitharaman To Present Union Budget On July 23
5 months, 2 weeks ago

Budget 2024 Date Announced: FM Sitharaman To Present Union Budget On July 23

News 18  

Budget 2024 Date: The Union Budget for the financial year 2024-25 will be presented in the Lok Sabha on July 23. Union Budget 2024 Date Announcing the date, Minister of Parliamentary Affairs Kiren Rijiju posted on X, “Hon’ble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament …

Nirmala Sitharaman likely to present Full Budget on July 24
5 months, 3 weeks ago

Nirmala Sitharaman likely to present Full Budget on July 24

Hindustan Times  

Finance minister Nirmala Sitharaman may present full Budget for 2024-25 on July 24 in the Monsoon Session of the Parliament, a report claimed. This comes as President Droupadi Murmu in her address to the joint session of Parliament said the first budget of the Narendra Modi 3.0 government will unveil far-reaching economic and social reforms for rapid development. A stable …

No cuts in Interim Budget allocations: Nirmala
10 months, 2 weeks ago

No cuts in Interim Budget allocations: Nirmala

Deccan Chronicle  

New Delhi: Exuding confidence in India’s economic growth, Union finance minister Nirmala Sitharaman on Wednesday said that all the allocations have not been cut under any head in the interim Budget for 2024-25, rather it has either remained the same or gone up in FY25 Budget in the flagship schemes. Meanwhile, the Lok Sabha also passed the Rs 47.66-lakh-crore interim …

What does the interim budget do for elections?
10 months, 3 weeks ago

What does the interim budget do for elections?

Hindustan Times  

The short answer to this question is nothing. In the 10 years the current government has been in power, it has deployed an intricate and detailed network of welfare measures and cultivated a large number of economically obliged voters who have come to be known as “labharthis” In the 10 years the current government has been in power, it has …

Letters to The Editor — February 2, 2024
10 months, 3 weeks ago

Letters to The Editor — February 2, 2024

The Hindu  

Budget, a closer reading The Interim Budget sounds more like an election campaign pamphlet than a Budget that addresses critical issues. Balasubramaniam Pavani, Secunderabad The Indian masses, who are already facing unprecedented inflation and alarming unemployment, pinned their hopes on the Interim Budget, but to no avail. Khosla, Chandigarh The Interim Budget deserves praise as it shuns populist measures and …

Interim Budget 2024 — in campaign mode
10 months, 3 weeks ago

Interim Budget 2024 — in campaign mode

The Hindu  

Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. That has been true of this year’s Interim Budget as well, which focused on all the “welfare” schemes, in areas varying from housing to food, which have been largely attributed to the Prime Minister. For example, …

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget
10 months, 3 weeks ago

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman presented the 2024 Interim Budget in Parliament today, ahead of the Lok Sabha elections expected to be held mid-year. On the direct taxation front, Ms. Sitharaman proposed to withdraw outstanding tax demands up to ₹25,000 for the period up to the financial year 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15. On the …

Budget 2024: No major change in prices; Check list of what’s cheaper & dearer
10 months, 3 weeks ago

Budget 2024: No major change in prices; Check list of what’s cheaper & dearer

Live Mint  

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 in the Parliament today, February 1, which kept the major focus on India's macroeconomic growth and fiscal consolidation. Since 2024 is an election year, with Lok Sabha Elections expected in April-May, the finance minister unveiled an Interim Budget or a Vote on Account in February, rather than a comprehensive annual budget. …

Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector
10 months, 3 weeks ago

Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman on Thursday presented the interim Budget in Parliament ahead of the Lok Sabha elections. In her Budget speech, she said that a new scheme will be launched to bolster deep tech for the defence sector. 'Govt committed to strengthening economy' The Finance Minister said the Modi government stands committed to strengthening and expanding …

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman
10 months, 3 weeks ago

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-2025 in the Lok Sabha on February 1. Highlighting the achievements of the Modi Government for the past 10 years, Ms. Sitharaman left the tax slabs unchanged and stuck to the convention of not making any major announcements while presenting the interim Budget. The Interim Budget 2024-25 will be a vote-on-account that …

Budget 2024 Highlights: Delhi Minister Atishi slams ‘jumla govt’
10 months, 3 weeks ago

Budget 2024 Highlights: Delhi Minister Atishi slams ‘jumla govt’

Live Mint  

Finance Minister Nirmala Sitharaman on Thursday asserted that the BJP-led government at the Centre has worked with an approach to development that is "all-round, all-inclusive and all-pervasive" and said that the trinity of "Democracy, Demography and Diversity" can help fulfil the aspirations of every Indian. Finance Minister Nirmala Sitharaman while presenting her sixth Budget ahead of the Lok Sabha polls, …

Interim Budget 2024: How is the interim Budget different from the Annual Budget?
10 months, 3 weeks ago

Interim Budget 2024: How is the interim Budget different from the Annual Budget?

Live Law  

Today, Finance Minister Nirmala Sitharaman will introduce the Interim Budget 2024. All About Previous Interim Budget Similar to this year, former Finance Minister Piyush Goyal presented the previous interim budget in 2019. Although Goyal made several significant adjustments to that year's interim budget, interim budgets are generally thought to include no significant policy changes. Some of the key announcements previous …

Budget 2024: When & where to watch live telecast of Nirmala Sitharaman's speech
10 months, 3 weeks ago

Budget 2024: When & where to watch live telecast of Nirmala Sitharaman's speech

Hindustan Times  

At 11 am, Union finance minister Nirmala Sitharaman will unveil the final budget of the second term of the Narendra Modi government. Sitharaman, the first woman to hold the finance portfolio on a full-time basis, will become only the second finance minister to present six consecutive budgets; as finance minister, ex-prime minister Morarji Desai too delivered six straight budgets. New …

Interim Budget 2024: What is it and how is it prepared?
10 months, 3 weeks ago

Interim Budget 2024: What is it and how is it prepared?

Hindustan Times  

The Union Budget is an annual financial statement- declaration of the government's expected receipts and expenditures for the year- as per Article 112 of the Indian Constitution. The Budget accounts for the government's finances during the fiscal year that runs from April 1 to March 31. Budget 2024: The Budget accounts for the government's finances during the fiscal year that …

All-party meeting underway ahead of Budget Session of Parliament
10 months, 3 weeks ago

All-party meeting underway ahead of Budget Session of Parliament

Deccan Chronicle  

New Delhi: An all-party meeting, chaired by Parliamentary Affairs Minister Pralhad Joshi, was convened on Monday ahead of the Budget Session of Parliament. The Budget Session will commence with the address of President Droupadi Murmu on Wednesday and subject to the exigencies of government business, the session may conclude on February 9. The interim budget typically takes care of the …

Budget 2024: What to expect from government's pre-election budget
10 months, 3 weeks ago

Budget 2024: What to expect from government's pre-election budget

India Today  

The upcoming Interim Budget 2024-25 will be India's final budget before the upcoming Lok Sabha elections, and Prime Minister Narendra Modi is likely to focus on winning over voters. What to expect in the budget The focus is expected to be on the pace of fiscal consolidation and policy priorities for the future, Madhavi Arora, an economist with Emkay Global …

Interim Budget to focus on Viksit Bharat
10 months, 3 weeks ago

Interim Budget to focus on Viksit Bharat

Hindustan Times  

The interim budget to be tabled in Parliament on February 1 is likely to present a report card of the decade-old central government, provide relief to the middle class, announce measures to check inflation, continue key subsidies, focus on agriculture, incentivise manufacturing, strive for saturation of welfare schemes, take forward the mission to build a $5 trillion economy by 2027-28 …

Budget 2024: Nirmala Sitharaman to present her sixth straight budget, equals record of former PM Morarji Desai
10 months, 4 weeks ago

Budget 2024: Nirmala Sitharaman to present her sixth straight budget, equals record of former PM Morarji Desai

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman is set to make history by presenting her sixth consecutive budget on February 1, matching the record held by former Prime Minister Morarji Desai. Sitharaman, the first full-time woman finance minister in India, has presented five full budgets since July 2019 and is now preparing to present an interim or vote-on-account budget. Morarji Desai, …

Where did the word 'Budget' come from? All you need to know about it
10 months, 4 weeks ago

Where did the word 'Budget' come from? All you need to know about it

India TV News  

New Delhi: As February 1 approaches, discussions about the upcoming budget intensify across the nation. England's budgetary origin In 1733, Sir Robert Walpole, the former Finance Minister of England, presented budget proposals in a small bag to Parliament. Vote on account approach Finance Minister Nirmala Sitharaman recently announced the introduction of a "Vote on Account" budget for the current fiscal …

Budget 2024: When will the full-fledged budget be presented this year?
11 months ago

Budget 2024: When will the full-fledged budget be presented this year?

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman is set to present the interim budget for FY25 on February 1. In an election year, the government typically presents an interim budget to outline expenditures and revenues until a new government is formed. The interim budget, often referred to as a 'vote-on-account,' is governed by Article 116 of the Constitution, involving an …

Explainer: Why Union Budget 2024 will not be a full-fledged one
11 months ago

Explainer: Why Union Budget 2024 will not be a full-fledged one

Hindustan Times  

A brief Budget session of Parliament, the last of the 17th Lok Sabha, will be held between January 31 and February 9. During the session, the interim budget for 2024-25 will be tabled by Union Finance Minister Nirmala Sitharaman on February 1. Why a full budget will not be presented this year In an election year, the Union government tables …

Interim Budget 2024: Six key areas to look out for
11 months ago

Interim Budget 2024: Six key areas to look out for

Live Mint  

Union Finance Minister Nirmala Sitharaman will present the interim Budget on February 1. Take a look at six key areas that could get the maximum weightage in the government's interim budget, 1) The government may make the National Pension System more attractive by extending tax concessions on contributions and withdrawals, especially for senior citizens above 75 years, PTI reported. 3) …

Budget 2024: Here's why budget presentation date was shifted from February 28 to February 1
11 months ago

Budget 2024: Here's why budget presentation date was shifted from February 28 to February 1

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman is set to deliver her budget speech on February 1. The Annual Financial Statement, also known as the Union Budget, is a government document that outlines projected expenses and revenues for the upcoming fiscal year, seeking parliamentary approval. The change in the budget presentation date was initially announced by former Finance Minister Arun …

Budget 2024: What is an interim budget? How is it different from regular one?
11 months, 1 week ago

Budget 2024: What is an interim budget? How is it different from regular one?

Hindustan Times  

Union finance minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1. The full Budget for the fiscal year 2024-25 will be introduced after the formation of the new government following the general elections. Last December, Sitharaman ruled out any “spectacular announcement” for her sixth budget on February 1 this year, saying it would simply be a …

Interim Budget 2024: Date, time, all you need to know
11 months, 1 week ago

Interim Budget 2024: Date, time, all you need to know

India Today  

Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024-2025 on February 1, 2024, at 11:00 am in the Parliament. An interim budget, unlike the comprehensive annual budget, is a short-term measure covering the fiscal year's initial months. It serves as a temporary financial plan, ensuring government expenses and operations continue until a new government is formed, or …

Parliament Budget Session 2024 to be held from 31 Jan to 9 Feb; FM Sitharaman to present interim budget on 1 Feb
11 months, 1 week ago

Parliament Budget Session 2024 to be held from 31 Jan to 9 Feb; FM Sitharaman to present interim budget on 1 Feb

Firstpost  

Parliament’s Interim Budget Session 2024 will be held from 31 January to 9 February. With Lok Sabha elections 2024 scheduled to be held later this year, Sitharaman would be presenting an interim budget and not a full budget. As mentioned the annual budget presented every year on 1 February acts as the full financial statement for the upcoming fiscal year …

Parliament budget session to take place from January 31 to February 9: Report
11 months, 1 week ago

Parliament budget session to take place from January 31 to February 9: Report

Live Mint  

The Parliament Budget session is scheduled to take place from January 31 to February 9, according to media reports. This year, instead of a lengthy Economic Survey like previous years, a brief report on the status of India's economy is anticipated to be presented for 2024–25 before the interim budget on February 1. This would be the last session of …

Union Budget 2024: Why was Budget date changed to February 1?
11 months, 2 weeks ago

Union Budget 2024: Why was Budget date changed to February 1?

Hindustan Times  

Union Finance Minister Nirmala Sitharaman will be presenting the interim Union Budget 2024 for the coming fiscal year on February 1. Union finance minister Nirmala Sitharaman The interim Budget 2024 will not include any major policy changes and the Union Budget 2024 will only be presented after a new government is formed after the general elections in the country in …

Union budget 2024: From where does Centre get money for expenditure?
11 months, 3 weeks ago

Union budget 2024: From where does Centre get money for expenditure?

Hindustan Times  

The budget is an annual financial statement that outlines the government’s proposed expenditures and revenues for the upcoming fiscal year, beginning on April 1st and concluding on March 31st of the following year. It is presented by the union finance minister in Parliament and serves as a comprehensive document outlining the government’s economic and fiscal policies for the next fiscal …

Budget 2024: How Union budget is prepared? Explained in 7 points
11 months, 4 weeks ago

Budget 2024: How Union budget is prepared? Explained in 7 points

Hindustan Times  

The budget is an annual financial statement that lays out the government’s proposed expenditures and revenues for the upcoming fiscal year, which begins on April 1st and ends on March 31st of the following year. Nirmala Sitharaman, Union minister for finance and corporate affairs along with the ministers of state for finance, Pankaj Chaudhary and Dr. Bhagwat Kishanrao Karad and …

Finance Ministry initiates Budgetary exercise for 2024-25
1 year, 3 months ago

Finance Ministry initiates Budgetary exercise for 2024-25

Live Mint  

.The process to prepare the interim Budget for 2024-25 by inviting inputs on expenditure from different ministries and departments has been started by the Finance Ministry, PTI reported on Monday. "Pre-budget meetings chaired by Secretary shall commence in the second week of October 2023.shall continue till around mid-November, 2023," according to the Budget Circular of the Budget Division under the …

Budget 2022: Quick Guide on How the Budget Document is Prepared and Presented
2 years, 11 months ago

Budget 2022: Quick Guide on How the Budget Document is Prepared and Presented

News 18  

The Union Budget for 2022-23 will be presented in the Lok Sabha by finance minister Nirmala Sitharaman on February 1. On the Budget Day, the annual financial statement is presented in Lok Sabha by the finance minister. The Budget Division issues a circular to all Union ministries, states, UTs, autonomous bodies, departments and the defence forces to prepare their estimates …

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