Union Cabinet Approves Budget 2024-25, Highlights Economic Survey Insights

Prime Minister Narendra Modi led the Union Cabinet in approving the Union Budget ahead of its presentation by Finance Minister Nirmala Sitharaman. The budget session, focused on economic growth and structural reforms, aims to build a 'Viksit Bharat'.

In a significant move ahead of the Union Budget presentation, Prime Minister Narendra Modi chaired a meeting of the Union Cabinet in Parliament on Tuesday. Finance Minister Nirmala Sitharaman is set to unveil the Union Budget 2024-25.

Prominent Union Ministers, including Amit Shah, Rajnath Singh, and Pralhad Joshi, were seen arriving in Parliament. Sitharaman, who met with President Droupadi Murmu earlier, is presenting her seventh consecutive budget, surpassing the late Morarji Desai's record of six. This budget is expected to introduce changes in the income tax structure and enhance the ease of doing business in India.

Minister of State for Finance Pankaj Chaudhary noted that this would be the first Union Budget of the third Modi government, emphasizing the mantra of "Sabka Saath Sabka Vikas." Union Minister Pralhad Joshi stated that this budget would further accelerate economic growth, reflecting the country's fast-paced development under Prime Minister Modi's leadership. The economic survey laid out a vision for 7% growth, contingent on continued reforms and collaboration between the Union Government, State Governments, and the private sector.

(With inputs from agencies.)