New Delhi :Finance Minister Nirmala Sitharaman is scheduled to unveil the budget for the fiscal year 2024-25 on February 1, marking the final annual financial statement of the BJP-led government under Prime Minister Narendra Modi’s second term. Last week, the customary pre-budget ‘halwa’ ceremony was conducted, commencing a ‘lock-in’ period for officials involved in budget formulation to uphold confidentiality until the budget’s presentation in the Lok Sabha.
On Tuesday, both the Lok Sabha and the Rajya Sabha lifted the suspension of 14 Opposition MPs, who were among the 132 penalized during the Winter session of Parliament last month. This decision permits their participation in President Droupadi Murmu’s inaugural address to both Houses in the new Parliament building, as well as in the ensuing Budget session commencing on Wednesday.
This year’s budget is considered ‘interim’ as the government faces a general election in April-May. The complete budget will be presented in July by the incoming government. In India, the financial year spans from April 1 to March 31 of the subsequent year.
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