look news india
The new government has been formed and after this, everyone has only one question in their mind that when will the full budget of the country be presented. The Finance Ministry has started preparations to present the full budget of the country soon. Although no announcement has been made to present Budget 2024, but according to the report, it can be presented in the second week of next month. So know what will be special in this budget of Modi government.
When can the budget be presented?
According to government sources, Finance Minister Nirmala Sitharaman may present it on July 18. The Ministry of Parliamentary Affairs has announced that the first session of the 18th Lok Sabha will begin on June 24 and run till July 3. The monsoon session of this Parliament is scheduled to begin in the third week of July and is likely to run till August 9.
What will be special in the budget?
At this time, BJP did not get a full majority in the Lok Sabha elections and NDA formed a coalition government. In such a situation, there is a possibility of big announcements for taxpayers and bureaucrats in the full budget of the government. This time the focus of the government may be on the middle class. For this, announcement of relief in income tax is possible. If reports are to be believed, Finance Minister Nirmala Sitharaman may change the tax rules in the budget coming in July. Till now, those earning Rs 3 lakh do not have to pay any tax and this exemption limit is likely to be increased to Rs 5 lakh.
Will the Finance Minister create history?
Finance Minister Nirmala Sitharaman is all set to create history by presenting the first full budget of Modi 3.0. This will be Sitharaman's seventh budget as Finance Minister and includes 6 full budgets and one interim budget. In this way, the Finance Minister will break the record of Morarji Desai. He presented 5 annual and 1 interim budget between 1959-1964.
