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Budget 2024 Live Updates, explained: Finance minister Nirmala Sitharaman is presenting an 'interim budget', since the term of the current government will end soon and the country will go to polls.
The interim budget will provide assessments of the government's expenditure, revenue, fiscal deficit, financial performance, and projections for the upcoming months. The full budget is scheduled to be presented after the Lok Sabha elections by the newly elected government.
Sitharaman, India's first full-time woman finance minister, had in July 2019 ditched the colonial legacy of a Budget briefcase for the traditional 'bahi-khata' to carry Union Budget papers.
While leaders of the ruling BJP lauded the Interim Budget 2024 as inclusive and innovative, members of the Opposition pointed out that they were disappointed. | Latest News India
The allocation for the scheme has been marginally increased by about 4% from ₹7200 crore in the budget estimates of 2023-24 to ₹7500 crore for 2024-25 | Latest News India