Parliament Budget Session 2024 Live Updates: Union Finance Minister Nirmala Sitharaman will present the Union Budget on Tuesday, which will be the first Budget in Prime Minister Narendra Modi’s third term. (X/Finance Ministry)

Union Budget Session 2024 Live, July 22: The Monsoon Session of Parliament kicks off today with Union Finance Minister Nirmala Sitharaman set to table the Economic Survey 2023-24 along with a statistical appendix, a day ahead of the highly-anticipated Union Budget 2024. As the name suggests, the Economic Survey is a detailed report of the state of the national economy in the financial year that is coming to a close.

Sitharaman to present NDA 3.0’s first budget tomorrow: The Budget for 2024-25 will be the first major economic document of the newly-formed government, which, among other things, is expected to lay the road map for making India a developed nation by 2047. The last two budgets saw no significant changes in taxation policies, aside from making the new tax regime the default option and introducing the Standard Deduction feature. Pre-budget expectations have been centered around tax relief to the common man in order to boost consumption and to take steps to check inflation and accelerate economic growth.

What to expect in the Budget Session? The government is expected to bring at least six Bills in Parliament over the course of the session scheduled to go on till August 12. The session is expected to be a stormy one with a resurgent Opposition likely to continue its aggressive approach from the first session in June. From the all-party meet on Sunday, it’s gathered that the opposition leaders are looking to corner the NDA-led BJP government on issues ranging from the NEET paper leaks to railway safety, to unemployment and price rise.

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