New Delhi: As the parliamentary proceedings have started after the formation of the Modi 3.0 government, the Union Budget for the financial year 2024-25 is set to be tabled in Lok Sabha on July 23. The Budget session will be conducted between July 22 to August 12. Finance Minister Nirmala Sitharaman will present the Union Budget. Earlier in the day, President Droupadi Murmu approved a proposal. Union Minister Kiren Rijiju confirmed the announcement by sharing a post on microblogging platform X. Honble President of India, on the recommendation of the Government of India, has approved the proposal for summoning both the Houses of Parliament for the Budget Session, 2024, from July 22, 2024, to August 12, 2024, read the post.Honble President of India, on the recommendation of Government of India, has approved the proposal for summoning of both the Houses of Parliament for the Budget Session, 2024 from 22nd July, 2024 to 12 August, 2024 (Subject to exigencies of Parliamentary Business). Union Budget,…— Kiren Rijiju (@KirenRijiju) July 6, 2024First full session of ParliamentThis is going to be the first full session of Parliament after first session of the 18th Lok Sabha, which was held from June 24 to July 2 after the election results. Earlier, interim budget was tabled ahead of the Lok Sabha Elections, in Parliament on February 1. Clashes in ParliamentThe BJP-led National Democratic Alliance (NDA) returned to power for a third term. However, the inaugural session of Parliament started contentiously last week, with clashes between the opposition and the government over various issues, including the NEET-UG examination row. The upcoming Budget holds increased significance due to Prime Minister Modis declarations about writing new chapters of bold decisions in his third term.Key change in interim budget In the interim budget presented in February, Finance Minister Nirmala Sitharaman reduced the fiscal deficit target for FY25 to 5.1% of GDP. The government also maintained the existing tax slabs for both the old and new regimes.
