Union Finance Minister Nirmala Sitharaman on Saturday is currently presenting the annual budget at the Parliament. Nirmala Sitharaman presented her record 8th consecutive budget today in the Lok Sabha.
Viksit Bharat encompasses zero poverty, 100 pc quality education, comprehensive healthcare, says Finance Minister Sitharaman in her budget speech.
Meanwhile, the Economic Survey tabled in Parliament on Friday projected India’s economy to grow between 6.3 per cent and 6.8 per cent in the next financial year 2025-26. The survey, tabled a day before the union budget, highlights that the country’s economic fundamentals remain strong, supported by a stable external account, fiscal consolidation, and private consumption. “The fundamentals of the domestic economy remain robust, with a strong external account, calibrated fiscal consolidation and stable private consumption. On balance of these considerations, we expect that the growth in FY26 would be between 6.3 and 6.8 per cent,” it said.
The budget allocation for the Department of Health & Family Welfare increased by 85% from Rs. 47,353 cr in 2017-18 (BE) to Rs. 87,657 cr in 2024-25 (BE)
The budget allocation for the Department of Health & Family Welfare (DoHFW) has increased by 85% from Rs. 47,353 crores in 2017-18 (BE) to Rs. 87,657 crores in 2024-25 (BE). Further, the 15th Finance Commission provided Rs. 70,051 crore Grants for health through the local Governments.
Nirmala Sitharaman creates history with 8th consecutive budget
Finance Minister Nirmala Sitharaman on Saturday made history as she presented a record eighth consecutive budget, which comes in the backdrop of slowdown in economy and demand for tax cuts for middle class.
This will take Sitharaman closer to the record of 10 budgets that were presented by former Prime Minister Morarji Desai over different time periods. Desai has presented a total of 6 budgets during his tenure as finance minister from 1959 to 1964, and 4 budgets between 1967 and 1969.
Nirmala Sitharaman and Minister of State for Finance Pankaj Chaudhary met President Droupadi Murmu at the Rashtrapati Bhavan ahead of the Union Budget.
President Murmu offered ‘dahi-chini’ to the Union Finance Minister. This is a customary sign of wishing good-luck. During their meeting, the Finance Minister was seen discussing the contours of the Budget proposals with the President. Sitharaman had in her first Budget in 2019 replaced the leather briefcase — which was in use for decades for carrying Budget documents — with a traditional ‘bahi-khata’ wrapped in red cloth. This year’s Budget would be in paperless form, as done in the last three years.
The first part of the Budget session will continue till February 13 and the two Houses will again meet on March 10 after recess with the session concluding on April 4.
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