Ahead of the Union budget presentation on July 23, Prime Minister Narendra Modi convened a meeting with Finance Minister Nirmala Sitharaman and economists on Thursday. Also in attendance were Planning Minister Rao Inderjit Singh and Chief Economic Advisor V Anantha Nageswaran. Notable figures such as economists Surjit Bhalla and Ashok Gulati, experienced banker K V Kamath, and other distinguished individuals participated in the discussions.
The upcoming budget holds significant importance as it marks the first comprehensive fiscal plan of the BJP-led NDA government in its current term. Prime Minister Modi aims to introduce decisive measures during this phase of his third tenure, addressing various economic challenges and priorities.
The special parliamentary session, convened following the formation of the 18th Lok Sabha, witnessed heated debates and confrontations between the opposition and the ruling party. Key contentious issues included debates over the NEET-UG examination.
Nirmala Sitharaman’s upcoming budget presentation will be her seventh consecutive one, an unprecedented achievement for any finance minister in history, surpassing the record previously held by Morarji Desai. Her last presentation, in February, was an interim budget due to the general election year, setting the stage for her comprehensive fiscal roadmap for the upcoming financial year.
