Union Budget 2024-25: The dates for the next budget for the 2024–25 fiscal year were disclosed on Saturday by Kiren Rijiju, India’s Union Minister of Parliamentary Affairs. According to the Union Minister, President Droupadi Murmu has approved the suggested dates for the Budget Session, which are July 22, 2024, to August 12, 2024. Finance Minister Nirmala Sitharaman will submit the Union Budget 2024–25 to the Lok Sabha on July 23, 2024.
First Budget of Modi Government’s Third Term
In its third term in power, Prime Minister Narendra Modi’s government will present its first budget. Moreover, this would be Union Minister Nirmala Sitharaman’s eighth straight budget that she has presented. Stakeholders from a wide range of industries, including healthcare and taxation, will be closely watching the next Budget Session since it will reveal the government’s future financial and economic plans.
Government’s Futuristic Vision and Policies
“This Budget will be an effective document of the Government’s far-reaching policies and futuristic vision. Along with major economic and social decisions, many historic steps will also be seen in this Budget,” Murmu said. Due to the April 19–June 1 Lok Sabha elections, an interim budget was proposed in February. On June 4, the results were announced.
Significant Discount on Nano Urea and Nano-DAP
The Gujarat Chief Minister made the noteworthy decision to offer a 50% discount on nano urea and nano-DAP, which was announced by Union Home Minister Amit Shah. Shah underlined that farmers should refrain from using granular urea after applying nano urea to crops since it might damage the soil and crops.
Liquid nano urea and liquid nano DAP, he promised, are enough for crop health and higher yields. Shah emphasized Prime Minister Narendra Modi’s “Drone Didi Scheme” and urged farmers to teach women how to use drones to apply fertilizer, asking them to take advantage of the lower costs.
