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The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
The results of India's general elections to constitute 18th Lok Sabha, held in April–June 2024 were announced on 4th and 5th June 2024. [1] The main contenders were two alliance groups of the Incumbent National Democratic Alliance (N.D.A) led by Bharatiya Janata Party; and the Opposition Indian National Developmental Inclusive Alliance (I.N.D.I.A.) led by Indian National Congress.
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
General elections were held in India from 19 April to 1 June 2024 in seven phases, to elect all 543 members of the Lok Sabha. [a] Votes were counted and the result was declared on 4 June to form the 18th Lok Sabha. [2] [3] On 7 June 2024, Prime Minister Narendra Modi confirmed the support of 293 MPs to Droupadi Murmu, the president of India. [4]
The 18th Lok Sabha was formed after general elections were held in India over seven phases from 19 April to 1 June 2024, to elect all members from 543 constituencies of the Lok Sabha. The votes were counted, and the results were declared on 4 June 2024.
The results were announced on 4 June 2024, after the completion of six other phases of voting in other parts of the country. [ 2 ] [ 3 ] The Indian National Developmental Inclusive Alliance (INDIA), led by the Dravida Munnetra Kazhagam (DMK) in the state and the Indian National Congress (INC) nationally, won all the 39 seats—a second ...
The budget division of the Department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. [1] It is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year.
Peoples Party of India (Democratic) 10 2. Socialist Unity Centre of India (Communist) 6 3. Bharatiya Asha Party 5 4. Bharatheeya Jawan Kisan Party: 4 5. Bhartiya Shakti Chetna Party 4 6. Aam Aadmi Parivartan Party 2 7. Ekam Sanatan Bharat Dal: 2 8. Rashtrawadi Janlok Party (Satya) 2 9. Rashtriya Lokswaraj Party 2 10. AARAKSHAN VIRODHI PARTY 1 11.