Interim Budget 2024: When And Where To Watch FM Nirmala Sitharaman's Speech LIVE
Interim Budget 2024 LIVE Streaming:?Union Finance Minister Nirmala Sitharaman will present the Interim Budget 2024-25 on February 1. The full budget for FY25 will be presented after the formation of the new government following the Lok Sabha elections 2024.
Like the previous, Interim Budget 2024-2025 will also be delivered in paperless form. This will be the last interim budget of the Modi government ahead of the 2024 Lok Sabha polls.
Interim Budget 2024 Date and time
India's Budget for 2024, set to be released on February 1, 2024, at 11:00 AM IST, holds the potential to influence global financial markets. Finance Minister Sitharaman's Interim Budget for 2024-2025 carries significant weight, with its effects extending beyond national borders and the 2024 Lok Sabha elections.
Where to watch Interim Budget 2024 LIVE Telecast
- People can watch the LIVE presentation of Nirmala Sitharaman's Budget for the fiscal year 2024-2025 on Sansad TV and Doordarshan. The live telecast will also be available on their YouTube channels.
- Press Information Bureau (PIB) will also stream Budget 2024 on their online platforms.
Catch Interim Budget 2024 LIVE here
- People can also watch Interim Budget 2024 Live on the Indiatimes YouTube Channel.
- Viewers can also watch the budget session on www.indiabudget.gov.in.
Budget 2024 Expectations Highlights
In her sixth union budget presentation on February 1, Sitharaman stated that it would primarily be a "vote on account" ahead of the general elections, ruling out any major announcements. She emphasised that interim budgets typically do not include spectacular announcements, and the public would have to wait for the new government's presentation of the comprehensive budget in July 2024.
No major tax announcements
Finance Minister Nirmala Sitharaman had previously stated that there would be no significant tax announcements during the presentation of the interim budget on February 1.
What is the Interim budget?
An interim budget is a financial statement presented by the government during a transitional period, typically in the year of general elections or when there is a change in government. The primary purpose of an interim budget is to ensure the continuity of government functioning and essential expenditures until a new government can present a full-fledged budget.
Key features of an interim budget include:
- Temporary Nature: An interim budget is designed to cover the financial needs of the government for a short duration, usually until the new government is formed and has the opportunity to present a comprehensive budget.
- Essential Expenditures: It focuses on obtaining parliamentary approval for essential government expenditures, ensuring that ongoing projects and essential services can continue without disruption.
- Avoidance of Major Policy Announcements: Typically, an interim budget refrains from introducing major policy changes, new initiatives, or significant alterations in taxation. It is meant to maintain stability and continuity rather than usher in major policy shifts.
- Parliamentary Approval: While it seeks approval for essential expenditures, an interim budget does not go through the detailed parliamentary scrutiny that a full budget undergoes. It is presented with the understanding that a more comprehensive budget will follow.
- Limited Duration: The financial provisions outlined in an interim budget are applicable for a limited period, usually until the new government can present its full budget for the upcoming fiscal year.
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