new Delhi: Finance Minister Nirmala Sitharaman will current the funds of the second time period of the Narendra Modi authorities on Saturday. This will even be the second funds of Sitharaman, who grew to become the second lady finance minister after Indira Gandhi to take action within the historical past of unbiased India. Sitharaman will current the full-year funds for the yr ending March 2021.
The funds speech will begin at round 11 am today when Sitharaman will start it with the tackle of the Speaker of the Lok Sabha. <! –
Typically, the period of the presentation is from 90 to 120 minutes. The Finance Minister on Friday introduced the pre-Budget Economic Survey for 2019-20 in Parliament, which projected the state of the financial system and outlined these challenges. The survey was launched by Chief Economic Advisor Krishnamurthy Subramanian.
The Union Budget is the monetary assertion of the federal government, giving particulars of its income and expenditure up to now in addition to the estimated bills and estimates for the approaching yr. Sitharaman introduced his first funds in July final yr, quickly after which the BJP-led authorities returned to the Center within the 2019 Lok Sabha elections. Explain that until the yr 2016, the Union Budget was introduced on the final working day of February. Former Finance Minister Arun Jaitley modified the custom of presenting the Union Budget on 1 February in 2017.