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2024 Budget: How to Watch the Live Stream on Budget Day.
The Union Budget for 2024 is poised to be a vote-on-account, as it aligns with the Lok Sabha election year. A comprehensive budget is anticipated to be presented after the polls.
The Interim Budget 2024 is set to be tabled in Parliament by Union Finance Minister Nirmala Sitharaman on February 1. Prior to the D-Day, Sitharaman stated that this budget is unlikely to include any big bang announcements. Importantly, she did not present the Economic Survey today, emphasizing that this is not a full budget.
In 2024, due to the Lok Sabha election year, the upcoming budget will be a temporary one, specifically a vote-on-account. The comprehensive budget is set to be revealed after the elections, estimated to occur around July. The freshly formed government, expected to take charge in June, will then present the final budget for the fiscal year 2024-25.
When is the Budget 2024 being broadcast?
The announcement for the Union Budget is scheduled for February 1st at 11 am.
Where can I view the live streaming of Budget 2024?
You can catch Nirmala Sitharaman's budget speech live on India Today and Aaj Tak TV channels, as well as on Business Today's YouTube channel. Stay updated with the latest information by following live blogs on Business Today, India Today, and Aaj Tak. Additionally, Sitharaman's speech will be broadcasted on Doordarshan (DD) News and can be accessed on the Press Information Bureau's (PIB) YouTube channel and website.
How many times has Nirmala Sitharaman delivered the budget?
Nirmala Sitharaman's budget speech will be available for live streaming on India Today and Aaj Tak TV channels, along with Business Today's YouTube channel. Stay informed with the latest updates by following live blogs on Business Today, India Today, and Aaj Tak. Additionally, you can watch Sitharaman's speech on Doordarshan (DD) News and access it through the Press Information Bureau's (PIB) YouTube channel and website.
How many times has Nirmala Sitharaman delivered the budget?
Nirmala Sitharaman is poised to deliver her sixth consecutive budget, equaling the record of Dr. Manmohan Singh. As India's first full-time female finance minister, she has presented five full budgets since taking office in July 2019. The upcoming Interim Budget presentation will surpass her predecessors, Arun Jaitley and Yashwant Sinha.
Arun Jaitley and Yashwant Sinha both presented five consecutive budgets.
What different sectors are anticipating from the Union Budget 2024?
Even though this is just a vote-on-account budget, the general public is hopeful that Nirmala Sitharaman will unveil reductions in taxes, an extension of the income-tax rebate threshold, changes to the capital gain tax system, the inclusion of additional benefits in the new tax structure, and the exemption of insurance policies from goods and services tax (GST).
In addition to this, the recruitment industry is looking for budgetary allocations towards workforce development and skill enhancement. There is also an expectation that the budget will address regulatory frameworks related to the gig economy and contingent workforce.
"A forward-looking budget should address regulatory frameworks related to the gig economy and contingent workforce, ensuring a balanced and flexible approach benefiting both employers and workers. Creating an environment that encourages collaboration between recruitment platforms and technology firms is crucial for driving innovation and staying at the forefront of industry advancements. Cultivating such an environment can sustain the growth witnessed and create a landscape where the gig economy plays a significant role in shaping the future of work," commented Sekhar Garisa, CEO of found it.
Apart from the focus on the gig economy, the industry is also anticipating targeted incentives for specific sectors to boost investment, job creation, and promote industrial expansion.
"The budget may include targeted incentives for certain sectors to stimulate investment, foster job creation, and promote industrial expansion. These incentives could be reinforced by increased allocations for skill development programs, incentives for job creation in the informal sector, and the promotion of equitable and stable working conditions," stated Rohet Ramesh, Director at Layam Group, a staffing management and talent acquisition services firm.
Women entrepreneurs are eagerly anticipating an increase in budgetary allocation to improve their access to capital, along with a boost in equity-based funding.
"In India, there are currently only three diversity-focused funds—AWE, She Capital, and Arise—each facing the challenge of relatively small fund sizes. To effectively promote women entrepreneurship, the upcoming budget must prioritize and allocate substantial resources to support their access to capital. Specifically, there is a pressing need for increased equity-based funding. The government should focus on allocating funds for risk capital rather than relying solely on loan-based strategies. Many female entrepreneurs often discover that they are ineligible for existing schemes, emphasizing the necessity for a more inclusive and accessible financial ecosystem. Therefore, the ask in the upcoming budget is pretty straightforward: the budget should allocate more capital to diversity-focused funds, acknowledging the pivotal role women entrepreneurs play in fostering a more equitable business landscape in India," emphasized Aditi Balbir, co-founder and CEO of EcoRatings, an AI-powered platform for ESG ratings of products and services.
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