In a big moment, Finance Minister Nirmala Sitharaman will reveal the Interim Budget 2024 in the Lok Sabha on February 1. It will be her sixth budget presentation in a row. This achievement puts her ahead of past ministers like Arun Jaitley, Manmohan Singh, P Chidambaram, and Yashwant Sinha. Each of them presented five budgets while in office. As we dig into the details of the Interim Budget for 2024-25, it becomes clear that this is very important. It is the last financial plan before the general elections.
People expect no “big announcements.” But, the budget is still closely watched. It reflects the economic path of Modi 2.0. Let’s explore the key points and what this historic financial unveiling means for everyone.
Key Highlights
1. Unprecedented Record
Sitharaman is the Finance Minister. She achieved something remarkable in Indian political history. She presented two budgets in a row. Her recent Interim Budget for 2024-25 has boosted her reputation as a strong leader in managing the country’s finances. She surpassed the achievements of those who held her position before her. This accomplishment shows her great skill at handling money. It sets a new standard for financial leadership.
2. Economic Snapshot
In President Droupadi Murmu’s speech, she talked about important things happening in India. She mentioned how the country’s economy is growing, the removal of Article 370, and the building of the Ram Mandir. These topics show the bigger picture of the economy that the budget is a part of. The president emphasized how India is growing economically. It is making big changes in its laws and religious structures.
3. Political Dynamics
PM Modi supports the Women’s Reservation Bill. He emphasized “Nari Shakti” during the Republic Day celebration. This brings politics into the budget discussion. Congress chief Mallikarjun Kharge criticizes it, saying it’s more like promotion for PM Modi. This sets the stage for possible political consequences and debates surrounding the budget.
4. Budget Session Developments
14 Members of Parliament (MPs) were removed from the Lok Sabha and Rajya Sabha. Then, President Murmu started the joint session. Next, Rajya Sabha Chairman Jagdeep Dhankhar and Prime Minister Modi gave speeches. These events create an active setting for the budget presentation. It’s like a dynamic stage where these events are happening, setting the scene for what’s about to unfold with the budget announcement.
Market Indicators
1. Stock Market Performance
Before the budget presentation, the S&P BSE Sensex showed a small increase, starting at 71,760 and going up to 71,817. This slight change shows how the stock market feels. It shows that people expect good things and feel positive. This is about the economic plans about to be announced. It’s like the market is getting ready for something important and hopeful.
2. Precious Metal Prices
Despite the ups and downs in the market, the prices of gold and silver stayed the same in big cities on the day when the Interim Budget 2024-25 was presented. Prices are unchanging. This trend shows that the market for valuable metals is steady. This is despite the new budget being revealed.
3. Paperless Budget Tradition
Like the last three Union Budgets, the upcoming Interim Budget for 2024-25 will also be eco-friendly. It will be presented in a paperless format. This means that instead of using traditional paper documents, everything will be in a digital form. This move fits with the government’s dedication to the environment. They also want to add tech to financial processes. They believe in sustainability. They use modern technology to make money processes more efficient and eco-friendly.
Date and Time
On February 1st, at 11 am, Finance Minister Nirmala Sitharaman will reveal a short-term financial plan. It’s like a financial roadmap until the new government takes over. This will be her sixth time doing this, and it includes five yearly budgets and one interim budget. So basically, she’s laying out the money plan for the country until the new folks in charge can fully take control.
Television Broadcast: Where and When to Watch
You can watch Finance Minister Nirmala Sitharaman give the budget speech live. If you’re excited, you can tune in to the official Parliament channels, Sansad TV, and Doordarshan. The broadcast is set to start at 11 am on February 1. So, if you want to stay in the loop about all things budget-related, mark your calendars and get ready to catch the action on these platforms
Moreover, All Perfect Stories will keep you in the loop with live updates, giving you a digital way to stay updated on the developing financial story. This means you can easily follow along with the latest information as it happens, making sure you’re well-informed about what’s going on in the financial world.
Conclusion
As the Interim Budget 2024-25 unfolds, a blend of economic, political, and market forces forms the backdrop for a crucial financial plan. Sitharaman has an exceptional track record. The broader national context makes this budget a landmark. It will influence India’s short-term economic path. Many market indicators include stock movements and precious metal prices. They offer more insights into how the budget will affect different sectors. We will delve into the details of this fiscal announcement. It will have big effects for businesses, investors, and the everyday citizen. The effects will ripple across the economy. This will create a noteworthy chapter in India’s financial history.
