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The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls. A full budget will be presented by the new government.
The Narendra Modi govt's last Budget before the general elections is widely expected to contain a mix of measures for the economy and electorally significant segments like farmers and women
The Halwa ceremony, marking the final stage of the preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Finance Minister Nirmala Sitharaman and Minister of State for Finance Dr. Bhagwat Kisanrao Karad.
Prime Minister Narendra Modi, hailing what he called the first budget of Amrit Kaal, said that it would lay a strong foundation for building a developed India by 2047.
Finance Minister Nirmala Sitharaman is set to present her sixth consecutive Budget ahead of the upcoming parliamentary elections. This pre-election Budget, technically a vote on account, seeks Parliament's approval for an advance grant to cover essential government expenditure for the first four months of the new fiscal year starting in April.