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The budget session for FY2024-25 began today, July 22, 2024, in the Parliament. This session marks the first full Budget following the re-election of the Modi government for a third term. Taxpayers are eagerly anticipating significant tax reliefs from this initial Budget of the Modi 3.0 government. Here are the details on when the Budget will be presented and how you can watch it live.
Budget 2024 Presentation
Date and Time
Finance Minister Nirmala Sitharaman will present the Union Budget 2024 in the Parliament on July 23, 2024. This will be her seventh consecutive Budget. The Budget 2024 speech is expected to commence at 11 am on Tuesday.
What to Expect from Budget 2024
Budget 2024 is anticipated to outline the roadmap for 'Vikshit Bharat' by 2047. According to a report titled 'Union Budget 2024-25: A Bundle of Expectations!' by Mehta Equities, expectations are high. Investors are optimistic about the continuation of economic reforms under the Narendra Modi 3.0 government, which have positioned India as the world’s fastest-growing major economy.
Key Expectations
Punit Shah, Partner at Dhruva Advisors, recommends that the government introduces amendments aimed at stimulating consumer spending. Key expectations include:
- Raising the tax-free income threshold
- Reducing tax rates for middle-income earners
- Increasing standard deductions for salaried employees
How to Watch the Budget Speech Live
You can watch Finance Minister Nirmala Sitharaman's Budget 2024 speech live on the following platforms:
- The Economic Times website
- Indian government’s official site for Union Budget:
- Sansad TV
Additionally, follow the live blog on The Economic Times for real-time updates, news, reactions, and analysis of Budget 2024.
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