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The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
The 2024 Indian general election was held in Dadra and Nagar Haveli and Daman and Diu on 7 May 2024 to elect two members of the 18th Lok Sabha. These elections are the first to take place in the union territory after it was formed on 2020 with the merger of the union territories of Dadra and Nagar Haveli and Daman and Diu.
The results of the election were announced on 4 June 2024, leading to the formation of the 18th Lok Sabha. The union council of ministers was sworn in along with the Prime Minister on 9 June 2024. The oath ceremony was arranged in the forecourt of Rashtrapati Bhavan at Raisina Hill .
General elections were held in India from 19 April to 1 June 2024 in seven phases, to elect all 543 members of the Lok Sabha. [a] Votes were counted and the result was declared on 4 June to form the 18th Lok Sabha. [2] [3] On 7 June 2024, Prime Minister Narendra Modi confirmed the support of 293 MPs to Droupadi Murmu, the president of India. [4]
Out of the 543 seats of the Lok Sabha, 346 members (~64%) are from the 6 recognised national parties, 179 seats (~33%) are from the recognised state parties, 11 seats (~2%) are from the unrecognised parties and 7 seats (~1%) are from independent politicians. 262 (~48%) have previously served as MPs and 216 (~40%) were re-elected from the 17th ...
The introduction of women's reservation in the Lok Sabha is set to occur after the delimitation exercise based on the census following the year 2026. According to the 106th Amendment Act, 33% of the total seats will be directly allocated to women in Lok Sabha, state legislative assemblies. [4]
The results of India's general elections to constitute 18th Lok Sabha, held in April–June 2024 were announced on 4th and 5th June 2024. [1] The main contenders were two alliance groups of the Incumbent National Democratic Alliance (N.D.A) led by Bharatiya Janata Party; and the Opposition Indian National Developmental Inclusive Alliance (I.N.D.I.A.) led by Indian National Congress.