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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 Union Budget of India, also known as the Annual Financial Statement under Article 112 of the Indian Constitution, is the country's annual financial plan presented by the Ministry of Finance. It outlines the government's expected revenues, collected by the Department of Revenue , and planned expenditures, managed by the Department of ...
Evergreen investor lessons: Key takeaways from 2024. Sam Ro. December 22, 2024 at 1:33 PM ... In its new Summary of Economic Projections, the Fed signaled it expected to cut rates just twice in ...
Budget 2024: Five key tax takeaways at a glance. Albert Toth. October 31, 2024 at 12:52 AM. Rachel Reeves has announced Labour’s first Budget in 14 years, making history as the first female ...
Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$32 billion) 2023-24 [1] Arunachal Pradesh ₹ 29,657 crore (US$3.4 billion) 2023-24 [2] Assam ₹ 321,000 crore (US$37 billion) 2023–24 [3] Bihar ₹ 261,885 crore (US$30 billion) 2023–24 [4] Chhattisgarh ₹ 121,500 crore (US$14 billion) 2023–24 [5] Delhi
In the weeks before the Budget, a cross-party alliance of 30 MPs and peers called for a tax on “extreme wealth”. In a letter to the chancellor, they demand a new 2 per cent tax on assets worth ...
2–3 July – 2024 India-Bangladesh floods: At least sixteen people are killed by floods and landslides in Assam and Arunachal Pradesh, while over 300,000 more are displaced. [106] [107] 5 July – A victory parade is held in Mumbai by the Indian cricket team following their victory in the 2024 ICC Men's T20 World Cup. [108] [109]