Union Budget 2024-25

18th Lok Sabha’s Second Session Wraps Up: 12 Government Bills Introduced, Four Passed

The Second Session of the 18th Lok Sabha, which commenced on July 22, 2024, concluded on Friday. Delivering a valedictory address on the conclusion of the session, Lok Sabha Speaker Om Birla informed that 15 sittings were held during the session, which lasted for around 115 hours. The productivity of...

Parliament Adjourned Sine Die Early; Key Bills Passed and Protests Erupt

Both Houses of Parliament, Lok Sabha and Rajya Sabha, were adjourned sine die on Friday, one sitting ahead of the scheduled end of the session. The current session of Parliament was scheduled to end on August 12, but Lok Sabha Speaker Om Birla adjourned the House sine die. During the...

Revenue Secretary: Revised Direct Tax Code to Be Released in Six Months for Stakeholder

Revenue Secretary Sanjay Malhotra announced on Thursday that the government is developing a revised direct tax code, which is expected to be released within six months for broader consultations. Speaking at an interactive session with industry leaders organized by the Federation of Indian Chambers of Commerce and Industry (FICCI), Malhotra...

Union Budget 2024-25 Explained: Check Key Financial Numbers and Highlights

Finance Minister Nirmala Sitharaman unveiled the Union Budget for the fiscal year 2024-25 on July 20, 2024. This marks Sitharaman's seventh consecutive budget presentation, surpassing the late Morarji Desai’s record of six consecutive budgets. Prior to her address in Parliament, Sitharaman met with President Droupadi Murmu. The 2024-25 budget emphasizes...

From Tax Relief To Boosting Economy, Expectations From Budget

Union Finance Minister Nirmala Sitharaman is slated to present the Budget for FY 2025-2026 on July 23. The first budget since Lok Sabha elections, it is expected to focus on infrastructure development through capital expenditure to drive GDP growth, and boost the economy. The key partners in the coalition government,...

Union Budget 2024: Expectations Mount As Budget 2024 Announcement Nears

Nirmala Sitharaman has finally started the preparations for this year's Union Budget and the Finance Minister has issued directives to its officials to start the Budget formulation processes. She has pointed out the importance of thorough and detailed planning and an in-depth analysis. The Union Budget is an important document...