Rahul Gandhi Arrives in Parliament for Budget Presentation by Nirmala Sitharaman
New Delhi [India], July 23: The Leader of Opposition in Lok Sabha, Rahul Gandhi, arrived in Parliament ahead of the Budget presentation on Tuesday. Finance Minister Nirmala Sitharaman will present the Union Budget 2024-25 at 11 am today.
The Economic Survey 2023-24 was tabled yesterday in Parliament. Congress MP Manish Tewari criticized the Economic Survey over the recommendation regarding food inflation. He said, “The Economic Survey points to the fact that there has been stubborn food inflation. There was a funny recommendation in the Economic Survey that food inflation should be taken out of the ambit while calculating a cut in interest rates. Under those circumstances, it is imperative that the farmers and common, who have been reeling under inflation, have their needs factored in.”
Congress MP Gaurav Gogoi said, “The PM through the budget will help the ‘crorepatis’ who are close to him. The middle class and the sincere taxpayers will not get anything except hollow promises.”
The Union Cabinet, headed by Prime Minister Narendra Modi, met in Parliament on Tuesday to approve the Union Budget ahead of its presentation by Finance Minister Nirmala Sitharaman. This would mark Sitharaman’s seventh consecutive budget and eclipse the late Moraji Desai’s record of six consecutive budgets, which is likely to focus on changes in the income tax structure and improving the ease of doing business in India.
Addressing the media, Minister of State for Finance Pankaj Chaudhary earlier said that the first Union Budget of the third Modi government will be based on his mantra of “Sabka Saath Sabka Vikas”. Union Minister Pralhad Joshi said that this budget would accelerate the country’s economic growth. He said, “The economic growth that happened under the leadership of Prime Minister Narendra Modi, this budget and this Budget will further accelerate it. The budget that will be presented today by Nirmala ji will also help our country, which is the fastest-growing economy.”
The budget session of Parliament began on July 22 and, according to schedule, will end on August 12. On Monday, the economic survey presented in Parliament by finance minister Sithraman emphasized the resilience of the Indian economy and its stable post-Covid recovery. The Survey underscored the government’s commitment to “Nari Shakti” through various legislative measures and provisions aimed at boosting women’s participation in diverse professions.
According to the Economic Survey, the budget for women’s welfare and empowerment schemes has surged by 218.8 per cent, growing from Rs 97,134 crore (BE) in FY14 to Rs 3.10 lakh crore in FY25. Additionally, the Gender Budget Statement (GBS) has seen a 38.7 per cent increase compared to FY24 BE, with its share in the total Union Budget rising to 6.5 per cent in FY25, the highest since GBS was introduced in FY06.
Doubts Revealed
Rahul Gandhi -: Rahul Gandhi is a politician in India and a member of the Congress party. He is the Leader of Opposition in the Lok Sabha, which is one of the two houses of India’s Parliament.
Parliament -: Parliament is the place where laws are made in India. It has two houses: the Lok Sabha (House of the People) and the Rajya Sabha (Council of States).
Budget Presentation -: The Budget Presentation is when the government tells everyone how it plans to spend money and collect taxes for the next year.
Nirmala Sitharaman -: Nirmala Sitharaman is the Finance Minister of India. She is responsible for managing the country’s money and presenting the budget.
Lok Sabha -: Lok Sabha is one of the two houses of India’s Parliament. It is also called the House of the People because its members are elected by the people.
Union Budget 2024-25 -: The Union Budget 2024-25 is a financial plan for the country for the year 2024-2025. It includes how the government will earn and spend money.
Congress MPs -: Congress MPs are Members of Parliament who belong to the Congress party, one of the major political parties in India.
Economic Survey -: The Economic Survey is a report that reviews the country’s economy over the past year and gives an outlook for the future.
Union Cabinet -: The Union Cabinet is a group of top government ministers, led by the Prime Minister, who make important decisions for the country.
PM Narendra Modi -: PM Narendra Modi is the Prime Minister of India. He is the head of the government and leads the Union Cabinet.
Economic growth -: Economic growth means the country is making more goods and services, which usually means people are getting richer.
Women’s welfare -: Women’s welfare refers to programs and policies that aim to improve the lives of women, such as health, education, and job opportunities.
Budget session -: The budget session is a period when Parliament meets to discuss and approve the budget. It usually lasts for a few weeks.
