CURATED BY – CHANDAN KUMAR CHAUBEY | CITYCHIEFNEWS

The Union Budget 2024 will be presented by Finance Minister Nirmala Sitharaman in Parliament on July 22. Apart from this, the Economic Survey is expected to be released on July 3. Earlier, an interim budget was brought on February 1, 2024 regarding the general elections and now after the completion of the Lok Sabha elections, a new government has been formed which will announce the full budget.

Finance Minister Nirmala Sitharaman has taken charge in her office and she has rapidly started working on financial plans and works. Yesterday, the news came that the 53rd meeting of the GST Council is going to be held on June 22, which will be chaired by the Finance Minister. Apart from this, yesterday, the Finance Ministry has issued a notification stating that central employees contributing to the General Provident Fund (GPF) will get 7.1 percent interest in the first quarter. Under this, 7.1 percent interest will be given on funds between April 1 and June 30 in the financial year 2023-24.

The first parliamentary session of the 18th Lok Sabha will begin from June 24 and continue till July 3. In the first three days of the parliamentary session, the newly elected MPs will take oath and the speaker of the house will also be elected. Union Minister Kiren Rijiju informed that the first session of the Lok Sabha will be from June 24 to July 3, while the first session of the Rajya Sabha will be from June 27 to July 3. However, it was reported that the general budget might not be presented in the first session of the Parliament and we would have to wait for the next session for it.