PM Modi chairs Cabinet meeting; Nirmala Sitharaman to present budget shortly

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Union Budget 2023: This year, the budget is said to be an exercise of managing several objectives: movement to fiscal prudence, stimulating growth without accompanying inflation, garnering more resources through non-tax measures and providing sops where necessary.

Union Finance Minister Nirmala Sitharaman will present her fifth budget in Parliament today (February 1). The budget is very crucial for the Modi government as it is the last full-fledged budget before the next General Elections scheduled to be held in 2024. According to reports, the finance minister held several rounds of discussions with various stakeholders, before giving the final touch to the Union Budget for 2023-24. This year, the budget is said to be an exercise of managing several objectives: movement to fiscal prudence, stimulating growth without accompanying inflation, garnering more resources through non-tax measures and providing sops where necessary. Earlier on Tuesday, Prime Minister Narendra Modi said India’s budget would attempt to meet the hopes and aspirations of common citizens and be a ray of hope for the world amid global economic turmoil. He said the budget will also strive to fulfil people’s hopes, aspirations and also boost the hopes with which the world is looking at India.

Cabinet meeting ends

PM Modi on Wednesday chaired Cabinet meeting ahead of Union Budget

WATCH | A sniffer dog sniffs copies of Union Budget 2023

A sniffer dog sniffs copies of Union Budget 2023 that have been brought to the Parliament.

Amit Shah, Rajnath Singh arrive at the Parliament

Union Home Minister Amit Shah and Defence Minister Rajnath Singh arrive at the Parliament for Cabinet meeting

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