Budget 2025: Finance Minister Nirmala Sitharaman will present her eighth Union Budget on 1 February 2025. This budget will be the first full budget of the third term of the Modi government. There are many traditions before the budget which are followed by the Finance Ministry and the government. Halwa ceremony takes place before the budget. Also the budget session starts on 31 January 2025 with the address of President Draupadi Murmu. After this the economic survey will be presented. The Indian stock market remains open for trading on this day. This time the budget will be presented on Saturday and the stock market will remain open on that day. Here we are telling you important things related to the budget presented by Finance Minister Nirmala Sitharaman. Do you know who has presented the longest budget speech so far?
Nirmala Sitharaman has earlier presented six regular and one interim budgets. The history of his budget speeches has also been quite special.
longest budget speech
The budget speech for the financial year 2020-21 was the longest so far. Nirmala Sitharaman presented it for 2 hours 42 minutes. However, due to ill health, she could not complete her speech, and Lok Sabha Speaker Om Birla completed it by reading the last two paragraphs.
Nirmala Sitharaman’s first budget
The 2019-20 budget speech, which was his first budget, lasted for 2 hours and 17 minutes. In this he took many important steps like pre-filing of income tax returns and MSME benefits.
shortest budget speech
In 1977–78, Finance Minister Hirubhai Patel gave the shortest budget speech with just 800 words. This speech was given under an interim budget.
tradition of budget session
The Economic Survey will be presented a day before the Union Budget. Plans and policies are announced in the budget. Experts believe that the budget of 2025 can bring significant changes in the economic condition of the country. Nirmala Sitharaman has made several historic announcements during budget speeches, including steps like LIC’s IPO, new tax system and increasing the number of AIIMS.
Stock market will open on 1 February
The Indian stock market will remain open on February 1, the day the budget is presented. This day is very important for investors, because budget announcements have a direct impact on the market.
Gold Price Today: Gold became cheaper today on January 20, check the rates of 10 big cities.