Nirmala Sitharaman will create history by presenting the budget on July 23, this record of Morarji Desai will be broken
This time BJP has not got absolute majority in the Lok Sabha elections and NDA coalition government has been formed. In such a situation, big announcements are expected for common people, taxpayers and working people in the full budget of the government. This time the main focus of the government can be on the middle class. For this, announcement of relief in income tax is possible.
Finance Minister Nirmala Sitharaman is going to present the general budget of the country on 23 July 2024. Like every time, this time also she is going to create a new record in her budget speech.
The first full budget of the Modi government is going to be presented on Tuesday. This budget will be special in many ways. The government will face the challenge of dealing with inflation, unemployment and global tension. Along with this, the government can also take steps towards doubling the income of farmers. Not only this, this budget will be presented once again by Finance Minister Nirmala Sitharaman. She will create a new record by presenting this budget. The budget is to be presented on July 23.
Nirmala Sitharaman will make a record
Finance Minister Nirmala Sitharaman is going to create history by presenting the first full budget of the third term of the Modi government. In fact, this will be Sitharaman's seventh consecutive budget as Finance Minister and it includes six full budgets and one interim budget. In this way, the Finance Minister will break the record of Morarji Desai. He had presented 5 annual budgets and one interim budget between 1959-1964.
The government can focus on these in the budget
This time BJP has not got absolute majority in the Lok Sabha elections and NDA coalition government has been formed. In such a situation, big announcements are expected for common people, taxpayers and working people in the full budget of the government. This time the main focus of the government can 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, people with income up to Rs 3 lakh do not have to pay any tax and this exemption limit can be increased to Rs 5 lakh.