Union Budget 2024 live streaming: Finance Minister Nirmala Sitharaman will present the Union Budget for the financial year 2024-2025 in Parliament on Tuesday 23 July 2024 at 11 am. All eyes are on this budget of the third term of the NDA government led by PM Modi.
Union Budget 2024 live streaming:
Different sectors have their demands. At the same time, some economists believe that there may be some announcements in the general budget regarding the new pension system and social security schemes like Ayushman Bharat. At the same time, some are expecting relief in the matter of income tax. In such a situation, the question is where and when can you watch the budget live? So let’s know in detail…
Where can I watch the budget speech live?
You can watch the live streaming of the Union Budget 2024 speech on multiple platforms. The budget will be broadcasted live on Sansad TV and Doordarshan. Apart from this, you can watch it online on the official YouTube channels of Sansad TV and Doordarshan.
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The Finance Ministry will also provide a live stream on its official website www.finmin.nic.in. You can also watch it live on the Finance Ministry’s Twitter account https://x.com/FinMinIndia. Stay connected to Live Hindustan for Union Budget 2024 live updates on July 23.
Where can I read the full copy of Budget 2024?
The Union Budget 2024 documents will be made available online after the presentation by Finance Minister Nirmala Sitharaman. You can view these documents in both Hindi and English on the government’s official website www.indiabudget.gov.in.
Why is the Union Budget being presented in July?
Union Budget 2024 live streaming: Let us tell you that Finance Minister Nirmala Sitharaman will present the first budget for 2024-25 for the seventh time in a row and the first budget of the third term of the Narendra Modi-led NDA government in the Lok Sabha tomorrow, Tuesday 23 July.
The Union Budget 2024 is being presented in July due to the 2024 general elections and the formation of a new government. Earlier, the interim budget was presented on February 1. Generally, the interim budget is presented in the year before the general elections and the full budget is presented after the formation of a new government.
Provision for the budget has been made in the constitution
Union Budget 2024 live streaming: The Union Budget or General Budget is presented every year by the Finance Minister. The budget contains an account of the income and expenditure of the central government. Provision for the budget has been made in Article 112 of the Indian Constitution. According to the provision of the Constitution, the Union Finance Minister has to present the General Budget for every financial year.
It is important not only to present the budget but also to pass it on time. If the budget is not passed in the Parliament, it can be a crisis for the government. If the budget is not passed with a majority, then it is understood that the current party is unable to run the government. In simple language, the government has lost the confidence vote in the Lok Sabha.
The budget must be passed by the Lok Sabha because the budget is a finance bill which does not require the approval of the Rajya Sabha.
Many parts are shown in the budget
Union Budget 2024 live streaming: Just as the general public makes a budget for their expenses, similarly the government also presents a budget for its expenses. The budget is shown in three parts (Consolidated Fund, Contingency Fund and Public Account). If the government does not present the budget, then it will not get permission to withdraw funds.
- Consolidated Fund: According to Article 266 of the Indian Constitution, the central government has a consolidated fund for expenditure. The consolidated fund includes all the revenues of the government, the loans taken by the government and the loans recovered by the government. The government has to get approval from the Parliament for the consolidated fund. If the Parliament does not approve the consolidated fund, then the government cannot use the consolidated fund.
- Contingency Fund: Provision for contingency funds has been made in Article 267 of the Constitution. The contingency fund comes under the control of the President of the country. If an emergency arises, then the government can use this fund only after getting approval from the Parliament. After withdrawing money from the contingency fund, the amount is replenished from the Consolidated Fund.
Public Account Funds: Public Account Funds are not related to the government. Public Account Funds include Provident Funds and Small Savings Funds etc. Although Parliament’s approval is not required for Public Account Funds, but in some cases approval from Parliament is required.
So the Indian Union budget is not only important for the people of India but also for foreign investors, The Union Budget 2024 live streaming is so important for the investors in the country and for all the people of the nation. What the Modi.3 Government has to say in the budget will be published on our website tomorrow so stay tuned.