Finance Minister Nirmala Sitharaman is gearing up to present the Union Budget on July 23 amidst speculations of a challenging budget to cater to the demands of alliance partners Nitish Kumar and Chandrababu Naidu. However, with a recent record dividend of Rs 2.11 lakh crore from the RBI, the Budget is expected to have a positive impact.
Before the Budget, Sitharaman will present the Economic Survey on July 22.
Understanding the Economic Survey
The Economic Survey assesses the financial progress of the country in the past fiscal year and analyzes trends across various sectors like agriculture, industry, and infrastructure. It also influences economic policies and reforms.
Drafting of the Economic Survey
The Chief Economic Advisor and their team prepare the Economic Survey under the guidance of the Finance Minister. Following approval by the Finance Secretary, the document is presented in Parliament. The upcoming survey will be supervised by CEA V Anantha Nageswaran.
As Nirmala Sitharaman prepares for her 7th Union Budget under the Modi 3.0 government, there is anticipation for relief from inflation woes. Stay updated with Deccan Herald for live coverage and analysis of Union Budget 2024.
Published 21 July 2024, 16:36 IST