Modi 3.0: After the formation of the new central government on June 9, government work has also started afresh. The first parliamentary session of the 18th Lok Sabha will run from June 24 to July 3. This will be a special session but the full budget 2024 will not be presented in this session. We had reported to you that the full budget 2024 will be presented in the monsoon session of Parliament and it will come in July. Now the update regarding this is that on June 20 this week, Finance Minister Nirmala Sitharaman will hold a pre-budget meeting with the stakeholders of the industry.
A pre-budget meeting will also be held on June 18 – sources
Finance Minister Nirmala Sitharaman is currently busy preparing for the budget. Nirmala Sitharaman, who has been given the charge of Finance Minister for the second time in the NDA government, will present the budget in the second fortnight of July. Industry sources told news agency PTI that the pre-budget consultation with the Finance Minister will be preceded by an official meeting with the Revenue Secretary on Tuesday, June 18.
What will be special in the Union Budget
The general budget for the financial year 2024-25 will present the economic agenda of the Modi 3.0 government.
The budget will focus on measures to promote development amid efforts to bring down inflation.
The budget will focus on finding new resources keeping in mind the compulsions of the NDA coalition government.
The economic agenda will include rapid reform measures to make India a $5 trillion economy and a ‘developed India’ by 2047.
The central government treasury has plenty of funds
The Modi 3.0 government has inherited a strong economy. This also includes special profits as the RBI announced the highest ever dividend of Rs 2.11 lakh crore for FY24.
What will be the priorities in the first budget of Modi 3.0
In the third term of the government led by Prime Minister Narendra Modi, policy priorities like reducing food inflation and reducing unemployment, dealing with stress in the agricultural sector, generating employment, maintaining the pace of capital expenditure will dominate. While dealing with all these challenges, we will have to continuously move forward on the path of increasing revenue to keep the fiscal deficit under control.
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