Rajya Sabha to Discuss Union Budget and Jammu & Kashmir Budget 2024-25
New Delhi, India – A general discussion on the Union Budget and the budget for the Union Territory of Jammu and Kashmir for the fiscal year 2024-25 will be held in the Rajya Sabha later on Wednesday. Finance Minister Nirmala Sitharaman presented both budgets on July 23.
Importance of the Budgets
The Union Budget outlines the government’s revenue and expenditure plans for the upcoming fiscal year, while the budget for Jammu and Kashmir addresses the developmental needs of the Union Territory.
Scheduled Discussions
The discussion on these budgets is expected to start in the second half of the day. Ministers Jayant Chaudhary, Pankaj Chaudhary, Nityanand Rai, and Sukanta Majumdar will lay papers on the table for their respective ministries. Rajya Sabha Secretary General PC Mody will present several Public Accounts Committee reports.
Committee Nominations
Union Minister for Parliamentary Affairs Kiren Rijiju will move motions for elections and nominations to various committees, including those on the welfare of other backward classes, scheduled castes and tribes, public accounts, and public undertakings.
Finance Minister’s Record
Finance Minister Nirmala Sitharaman presented her seventh consecutive budget, surpassing former Prime Minister Morarji Desai’s record. Her budget focuses on economic growth, agriculture, employment, and skilling services.
Reactions to the Budget
Prime Minister Narendra Modi praised the budget for its inclusivity and potential to make India the third-largest economy. Union Home Minister Amit Shah called it game-changing, highlighting its focus on youth power. Union Minister Sarbananda Sonowal described it as a visionary document aimed at holistic growth. Assam Chief Minister Himanta Biswa Sarma emphasized its push towards employment generation and support for small businesses.
Doubts Revealed
Rajya Sabha -: Rajya Sabha is one of the two houses of the Parliament of India. It is also known as the Council of States.
Union Budget -: The Union Budget is the annual financial statement of India. It outlines the government’s revenue and expenditure for the upcoming year.
Jammu & Kashmir Budget -: The Jammu & Kashmir Budget is the financial plan for the Union Territory of Jammu and Kashmir. It details how money will be spent and earned in that region.
Finance Minister -: The Finance Minister is the government official responsible for managing the financial affairs of the country. Nirmala Sitharaman is the current Finance Minister of India.
Nirmala Sitharaman -: Nirmala Sitharaman is an Indian politician serving as the Finance Minister of India. She has presented the Union Budget seven times consecutively.
economic growth -: Economic growth refers to the increase in the amount of goods and services produced by a country. It is important for improving the standard of living.
agriculture -: Agriculture is the practice of farming, including growing crops and raising animals. It is a key sector in India’s economy.
employment -: Employment means having a job or work. It is important for earning money and supporting oneself and one’s family.
Prime Minister Narendra Modi -: Narendra Modi is the current Prime Minister of India. He is the head of the government and plays a key role in making important decisions for the country.
inclusivity -: Inclusivity means including people from all different backgrounds and ensuring everyone has equal opportunities. It is important for a fair and just society.
