Nirmala Sitharaman to present Union Budget 2023 today; ‘it will be a ray of hope’ says PM

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Union Budget 2023: The expectation is high from Finance Minister Nirmala Sitharaman‘s budget as the Indian economy is on recovery mode post-Covid and is seeking a catapult from the government to give momentum to the growth.

Finance Minister Nirmala Sitharaman is geared up for presenting her fifth budget in the Parliament on Wednesday (February 1). All eyes are on her budget speech in which she will reveal who will get what from the Union budget. Politically, it is very crucial for the Modi government as it is the last full-fledged budget before the General Elections slated to be held in 2024.

Budget 2023 will be ray of hope for world, says PM Modi

Prime Minister Narendra Modi on Tuesday said amid global economic turmoil, India’s budget will attempt to meet the hopes and aspirations of common citizens and be a ray of hope for the world.

Addressing the media ahead of the Budget Session of Parliament, Modi said recognised voices in the world of economy were bringing positive messages from all sides.

The prime minister said the Budget will strive to fulfil people’s hopes, aspirations and also boost the hopes with which the world is looking at India.

The ray of hope being seen by the world will glow brighter — for this, I firmly believe the finance minister will make all efforts to meet these aspirations,” Modi said.

He also noted that President Droupadi Murmu was delivering her maiden address to the joint sitting of Parliament at the start of the Budget Session.

The President’s speech is the pride of the Constitution of India, the pride of India’s parliamentary system, and also an opportunity to respect women and the great tribal traditions of the country, Modi said.

According to the parliamentary traditions evolved over the last six to seven decades, a parliamentarian speaking for the first time in the House, belonging to any political party, is extended respect and a conducive atmosphere is created to enhance his/her confidence, the prime minister said.

“This is a rich and best tradition. It is the responsibility of parliamentarians to ensure that this moment of the President’s first address to Parliament is full of enthusiasm, warmth and energy. I am sure our Parliamentarians will pass this test,” the prime minister said.

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