Budget 2024: After the formation of the Modi government at the Centre for the third consecutive time, Union Finance Minister Nirmala Sitharaman will present the first budget of the third term on July 23. This time people have many expectations from the Modi government, which has formed the government on its own in the Lok Sabha elections. This time the budget is also expected to increase and it is hoped that the Finance Minister will present the budget keeping all sectors in mind.
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The third budget of the Modi government is coming amidst such expectations, when the people of the country are hoping whether the Modi government will open the mouth of its treasury to please the middle class suffering from inflation, unemployment and low income? Let us take a look at what could be the first budget of the third term of the Modi government-
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The budget will show the road map to make India a developed nation by 2047. Modi government can make special announcements on infrastructure and agriculture. Announcements are expected in this budget regarding Kisan Samman Nidhi, PM Kisan Yojana. This time there can be an announcement to increase funds for PM Awas Yojana. An increase in the amount given to farmers under PM Kisan Yojana is also possible. It is expected that in this budget, to further promote the new tax regime, the exemption of 3 lakhs in the income tax slab can be increased to 5 lakhs. There is also hope to increase the working days of MNREGA. This budget can focus on women, youth, farmers and the poor. The government’s emphasis on capital expenditure can continue. New incentives can be announced to promote EV i.e. electric vehicles. Some big announcements can be made to promote green energy. Along with this, there will be emphasis on modernization and indigenization in the defense sector. Also, keeping in mind the demands of the allies in NDA, announcement of financial help and special schemes for Andhra Pradesh and Bihar is also possible.
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All party meeting today before budget session
The central government has called an all-party meeting today i.e. on Sunday before the budget session of Parliament. During the meeting, the government will request cooperation from all opposition parties for the smooth functioning of both the houses of Parliament. The all-party meeting will be held at 11.00 am. Leader of Opposition Rahul Gandhi will also attend the all-party meeting. Parliamentary Affairs Minister Kiren Rijiju will also be present. TMC will not participate in this meeting.
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The budget session will begin on Monday and will continue till the 12th of next month. There will be 19 meetings during this period. The government is expected to introduce six bills in this session, including a bill to replace the 90-year-old Aircraft Act. The Parliament will also approve the budget of Jammu and Kashmir in this session. At present, the assembly does not exist here and the Centre is ruling.
Six new bills will be introduced in the budget session
The bills to be introduced and passed during the session include Finance Bill, Disaster Management, Boilers Bill, Indian Aircraft Bill 2024, Coffee Promotion and Development Bill and Rubber Promotion and Development Bill. Apart from these, the budget will be presented and discussed. The Appropriation Bill will be passed in this session. Apart from all this, the budget of Jammu and Kashmir will be discussed, after which it will be passed.
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