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Budget presentation

About Budget presentation

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What is Budget presentation

Union Budget is the ‘Annual Financial Statement’ or the Statement of the Estimated Receipts and Expenditure of the central government before the beginning of each financial year, presented to the Lok Sabha on such day as the President might direct. The Union finance minister reads out a ‘Budget Speech’ on that day in the Lok Sabha. The Budget Speech highlights the salient points of the entire Budget that may run into several thousand pages. 
 
A copy of the Budget is laid in the Rajya Sabha soon after its presentation in the Lok Sabha. The preparation and presentation of the Budget for the approval of the legislature is a constitutional obligation on the part of the government, both at the Centre and in the states.
 
The Budget session of Parliament is normally held from February to May. During this period, the Budget comes before Parliament for its deliberation, voting and approval; the departmentally related standing committees consider the Demands for Grants of ministries/departments and report on the same to the Houses of Parliament.
 

Latest Updates on Budget presentation

Budget 2024-25: From 'Bahi-Khata' to going paperless, Finance Minister Nirmala Sitharaman cements new traditions for the budget presentation in India

Updated On: 23 Jul 2024 | 10:33 AM IST

Finance Minister Nirmala Sitharaman is scheduled to present the full Budget for fiscal 2024-25 on July 23 which will be the first major policy document of the new government

Updated On: 11 Jul 2024 | 11:50 AM IST

The government, Goldman Sachs believes, is likely to stick to the announced fiscal deficit target of 5.1 per cent of gross domestic product (GDP) for FY25

Updated On: 11 Jul 2024 | 11:54 AM IST

The pockets of the market in which excess exuberance can be seen will undergo a reality check of earnings and valuations, said Gautam Sinha Roy of ICICI Pru Life Insurance

Updated On: 04 Jul 2024 | 10:33 PM IST

Parliament Budget Session 2024 Live Updates: Catch all the latest developments here

Updated On: 05 Feb 2024 | 6:53 PM IST

FM Sitharaman emphasised India's growing popularity as a global tourist destination as well as its booming domestic segment, spanning from business to spiritual tourism

Updated On: 01 Feb 2024 | 10:56 PM IST

From welfare schemes to infrastructure & digital development, here are the highlights of Budget 2023 for the agricultural sector in India and the expectation for the Interim Budget 2024

Updated On: 29 Jan 2024 | 10:49 AM IST

Budget 2024 time: The Union Budget is presented at 11 am on February 1 every year but it was not the practice earlier. Here's why it was changed and when

Updated On: 25 Jan 2024 | 10:28 AM IST

Minister says backend overhaul to increase ticket and enquiry capacity tenfold

Updated On: 03 Feb 2023 | 11:39 PM IST

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Updated On: 03 Feb 2023 | 6:15 AM IST

Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles

Updated On: 03 Feb 2023 | 6:10 AM IST

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

Updated On: 03 Feb 2023 | 6:10 AM IST

Here are 10 stocks across sectors that are expected to gain the most from the various proposals

Updated On: 03 Feb 2023 | 6:05 AM IST

The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective

Updated On: 03 Feb 2023 | 6:00 AM IST

In an interview to PTI, Malhotra said the government does not have any specific timeline to make the new regime mandatory for taxpayers

Updated On: 02 Feb 2023 | 8:47 PM IST

Some of the countries whose allocation has been reduced under this head include Bhutan, Afghanistan and Mauritius

Updated On: 02 Feb 2023 | 8:42 PM IST

According to Nasscom, the creation of 5G labs will further help in opening newer avenues and opportunities, scaling up new business models and employment prospects

Updated On: 02 Feb 2023 | 5:19 PM IST

The Smart Cities Mission was allotted Rs 8,000 crore as against Rs 8,800 crore in the revised estimates for the last fiscal

Updated On: 01 Feb 2023 | 11:22 PM IST

He said the budget stands firm on the foundation laid by the previous budgets presented by the Narendra Modi government

Updated On: 01 Feb 2023 | 11:08 PM IST

The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last fiscal

Updated On: 01 Feb 2023 | 10:55 PM IST