Hyderabad: Union Finance Minister Nirmala Sitharaman has presented the Interim Budget ahead of the 2024 Lok Sabha elections, marking the final budget in Prime Minister Narendra Modi's second term. This interim budget has provided a financial roadmap until the new government assumes office, helping manage ongoing financial commitments.
During election years like this, the incumbent government has presented an Interim Budget, covering short-term expenditures and revenues until the formation of a new government.
What is an Interim Budget?
During an election year, the incumbent government is unable to present a complete budget. As a result, an Interim Budget is introduced, encompassing the government's financial activities and revenues for a limited duration.
What does the Interim Budget entail?
The Interim Budget comprises approximations of government expenditure, revenue, fiscal deficit, financial performance, and forecasts for a short-term period.
What is Union Budget?
The Union Budget serves as the annual financial report outlining the government's anticipated expenditures and costs for the fiscal year.
When will the full Budget released?
Following the Lok Sabha elections, the new government will unveil the complete Budget, presenting comprehensive financial plans and allocations.
Live Updates
- 1 Feb 2024 11:31 AM IST
The Finance Minister announces a scheme to provide 300 units of free electricity per month to 1 crore households through rooftop solarisation.
- 1 Feb 2024 11:30 AM ISTFM outlines the benefits for women:Empowerment through entrepreneurship, ease of living, and dignity has surged in the last decade.
- Over 30 crore MUDRA Yojana loans have been disbursed to woman entrepreneurs.
- Female enrollment in higher education has increased by 28% in the past decade.
- In STEM courses, girls and women represent 43% of enrollment, one of the highest globally.
- These advancements are evident in the growing participation of women in the workforce.
- 1 Feb 2024 11:29 AM IST
DBTs totaling Rs 34 lakh crore facilitated through PM Jan Dhan accounts have led to savings of Rs 2.7 lakh crore, states the Finance Minister.
- 1 Feb 2024 11:28 AM IST
Union Finance Minister Nirmala Sitharaman stated that the government aims to achieve 'Viksit Bharat' by 2047. Emphasizing the motto of 'sabka sath, sabka vikas,' she highlighted the government's commitment to inclusive development.
- 1 Feb 2024 11:28 AM IST
FM advocates for another term for PM Modi, citing the government's remarkable achievements. Sitharaman expresses confidence that the people will bless the government with a resounding mandate based on its stupendous work.
- 1 Feb 2024 11:27 AM IST
Farmers are empowered with the integration of 1,361 mandis into the Electronic National Agricultural Market, which now serves 1.8 crore farmers and boasts a trading volume of Rs 3 lakh crore. This initiative sets the stage for inclusive and robust growth within the sector.
- 1 Feb 2024 11:26 AM IST
Female enrollment in higher education has gone up by 28 percent in 10 years, says the FM, highlighting the empowerment of women in the Budget.
- 1 Feb 2024 11:24 AM IST
The FM highlights the economy's positive trajectory, citing moderate inflation and efficient delivery of economic programs as key indicators of success.
- 1 Feb 2024 11:23 AM IST
Budget to leave no one behind, says Finance Minister, as development programs aim to reach every household with initiatives like 'Housing for All', 'Har Ghar Jal', universal electricity and cooking gas access, alongside widespread financial inclusion.
- 1 Feb 2024 11:20 AM IST
FM emphasizes a human-centric approach to development, highlighting inclusive growth as a departure from previous strategies focused solely on village-level provisioning.
