Union Finance Minister Nirmala Sitharaman is poised to present the Interim Union Budget 2024 on February 1, continuing the trend of paperless budget presentations. The government will make all budget documents, including the Annual Financial Statement and Finance Bill, accessible on the ‘Union Budget Mobile App’ immediately after the Budget Speech in Parliament.
Digital Accessibility Through Union Budget Mobile App
Accessible on both Android and iOS platforms, the Union Budget Mobile App aims to facilitate easy access to budget information for Members of Parliament (MPs) and the general public. Interested individuals can download the app from the Union Budget Web website also. (www.indiabudget.gov.in).
Halwa Ceremony Marks Culmination of Budget Preparation
The traditional ‘Halwa ceremony,’ a customary practice held before the ‘lock-in’ process of Budget preparation, took place in North Block on January 24. Union Finance Minister Nirmala Sitharaman and Union Minister of State for Finance Dr. Bhagwat Kisanrao Karad attended the ceremony, signifying the final stage of budget preparations.
During the Halwa ceremony, Sitharaman reviewed the preparations and conveyed her best wishes to the officials involved. She hinted that the Budget 2024-25 would focus on broader policy signals regarding fiscal consolidation rather than major announcements.
Anticipating Budget 2024-25
The forthcoming budget, presented through a digital medium, has heightened expectations regarding the policy signals that will influence fiscal strategies. The move towards a paperless presentation and digital accessibility underscores the government’s commitment to transparency and efficient communication of vital financial information.
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