July 23rd 2024.
In New Delhi, Finance Minister Nirmala Sitharaman made a stop at the Rashtrapati Bhavan to meet with President Droupadi Murmu before heading to Parliament to present the full Budget for the upcoming fiscal year of 2024-25. This has been a long-standing tradition, where the finance minister seeks blessings and guidance from the President before delivering such an important speech.
President Murmu, in accordance with the tradition, offered Sitharaman a bowl of yogurt and sugar, known as "dahi-chini", which is considered to bring good luck and prosperity. After this auspicious encounter, Sitharaman made her way to Parliament, where she would present the Union Budget. Subsequently, the Union Cabinet also gathered to give their approval for the Budget.
Before the actual presentation in Parliament, the Cabinet, led by Prime Minister Narendra Modi, would give their final approval for the fiscal year of 2024-25. This has raised the expectations of the public, as Sitharaman delivers her seventh Budget in the Lok Sabha on Tuesday. The Budget would not only reflect the performance of the Modi government in the past 10 years, but also provide a roadmap towards achieving the goal of making India a developed nation.
Sticking to her tradition from 2019, Sitharaman carried her budget speech in a "bahi-khata", a traditional Indian accounting book, instead of the traditional briefcase. Along with this, she also carries a digital tablet in a red pouch, reminiscent of the "bahi-khata" style. The Economic Survey, which was presented on Monday, projected a 6.5-7 per cent growth for the current fiscal year.
As the stage is set for Sitharaman to present the Budget, all eyes are on her as she holds the key to the financial future of the nation. With the hopes and expectations of the public riding on her, she will lay out the plans and policies for the upcoming fiscal year, aiming to drive the country towards economic growth and development.
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