Suspense Crime Sach Ka Dam
Finance Minister Nirmala Sitharaman will begin pre-budget consultations on Friday, December 6, as part of the budget-making process. The first meeting on Friday will be with eminent economists. Chairing the meeting, Sitharaman will seek their suggestions about the upcoming budget amid the lowest GDP print of 5.4 percent in seven quarters in the second quarter of the current financial year. According to a PTI report, this will be followed by a meeting with farmer unions agricultural economists, and stakeholders from the MSME sector on December 7.
The Union Budget 2025-26 is likely to be presented in Parliament on February 1. This will be the eighth budget of Finance Minister Nirmala Sitharaman and the second full budget of the Modi government, which will provide policy direction to achieve the goal of developing India by 2047. The pre-budget consultations will end on December 30 with consultations with Indian industry leaders and social sectors, especially education and health.
These people will also be included.d
According to the news, Minister of State for Finance Pankaj Chaudhary, Finance Secretary and DIPAM Secretary Tuhin Kanta Pandey, Economic Affairs Secretary Ajay Seth, Revenue Secretary SanjayMalhotrat,ra, and Financial Services Secretary M Nagaraju are expected to be presentatn this consultation meeting. The current financial year’s budget estimated a nominal GDP growth of 10.5 percent, while the fiscal deficit was estimated at 4.9 percent of gross domestic product (GDP).
Modi government had changed the budget tradition.ion
The government led by Prime Minister Narendra Modi ended the colonial-era practice of presenting the budget in February 2017. Former finance minister Arun Jaitley first presented the annual accounts on February 1, 2017. With the rescheduled budget date, ministries are now allotted their budgetary funds from the start of the financial year that begins in April. This gives government departments more leeway to spend and also gives companies time to adapt business and taxation schemes.
