Hyderabad: Union Finance Minister Nirmala Sitharaman has presented the Interim Budget ahead of the 2024 Lok Sabha elections, marking the final budget in Prime Minister Narendra Modi's second term. This interim budget has provided a financial roadmap until the new government assumes office, helping manage ongoing financial commitments.
During election years like this, the incumbent government has presented an Interim Budget, covering short-term expenditures and revenues until the formation of a new government.
What is an Interim Budget?
During an election year, the incumbent government is unable to present a complete budget. As a result, an Interim Budget is introduced, encompassing the government's financial activities and revenues for a limited duration.
What does the Interim Budget entail?
The Interim Budget comprises approximations of government expenditure, revenue, fiscal deficit, financial performance, and forecasts for a short-term period.
What is Union Budget?
The Union Budget serves as the annual financial report outlining the government's anticipated expenditures and costs for the fiscal year.
When will the full Budget released?
Following the Lok Sabha elections, the new government will unveil the complete Budget, presenting comprehensive financial plans and allocations.
Live Updates
- 1 Feb 2024 6:24 AM GMT
Infrastructure Allocation:
Sitharaman announces an 11% increase, falling slightly short of expectations. To address infrastructure challenges, India requires substantially higher investment, not less.
- 1 Feb 2024 6:13 AM GMT
A new scheme will be launched for strengthening deep-tech for defense purposes and expediting self-reliance, says FM Sitharaman
- 1 Feb 2024 6:12 AM GMT
The government will introduce a scheme to assist deserving middle-class individuals living in rented accommodations, slums, chawls, or unauthorized colonies to purchase or construct their own homes.
- 1 Feb 2024 6:12 AM GMT
FM announces Rs 1 trillion corpus to spur long-term financing and refinancing with extended tenures or low to nil interest rates, aiming to boost private sector R&D in sunrise sectors.
- 1 Feb 2024 6:09 AM GMT
FM announces an increase in the target for the Lakhpati Didi scheme to 3 crore from 2 crore.
- 1 Feb 2024 6:08 AM GMT
The government will promote vaccination for girls to prevent cervical cancer.
- 1 Feb 2024 6:08 AM GMT
The use of nano DAP on diverse crops will be expanded across all agro-climatic regions.
- 1 Feb 2024 6:04 AM GMT
The health cover provided by the Ayushman Bharat scheme will now be extended to all ASHA and Anganwadi workers and helpers, says FM.
- 1 Feb 2024 6:03 AM GMT
Our government plans to set up more medical colleges to utilize existing medical infrastructure. A panel will be formed for this, says FM.
