Union Budget 2024: FM Nirmala Sitharaman tables Economic Survey 2024, know what it is
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A day before Budget 2024, Union Finance Minister Nirmala Sitharaman tables the Economic Survey in Lok Sabha. The Economic Survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance.
What is the Economic Survey of India?
The Economic Survey is prepared by the Economic Division of the Department of Economic Affairs in the Ministry of Finance. The Economic Survey of India is prepared under the supervision of the Chief Economic Advisor of India, with the first economic survey presented for the year 1950-51. While the document is non-binding, it is considered significant in view of the Union Budget.
The document covers several important aspects of the Indian economy, including fiscal developments, monetary management, and external sectors. In short, it covers how the country made profits and losses in several sectors, and how it has benefited the economy.
It has a strong link with the Budget 2023 since it is presented just a day before Finance Minister Nirmala Sitharaman will present the budget for the upcoming year. The Economic Survey of India will highlight the potential of the Indian economy in the future, and how several policies can prove to be beneficial.
Similar to the Union Budget, the Economic Survey of India is presented in the Parliament by the Finance Minister of India, Nirmala Sitharaman. The document will be presented one day before the announcement of the Budget, which is January 31.
Other Latest News
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Nearly 36 crore beneficiaries have been verified under Ayushman Bharat Pradhan Mantri- Jan Arogya Yojana (AB PM-JAY) as of November 30, 2024. The Union Minister of State for Health and Family Welfare, Prataprao Jadhav stated this in a written reply in the Lok Sabha on Friday.
Further, 8.39 crore hospital admissions worth over Rs 1.16 lakh crore have been authorized under the scheme.
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Four people, including two children, died in a fire that broke out in a house in the Nayanpur area of Dewas in Madhya Pradesh, an official said.
According to police, the fire tenders were present at the location to douse the blaze which started at a milk dairy on the ground floor of a residential building.
The four deceased in the fire incident belong to the same family.
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Bahujan Samaj Party Chief Mayawati on Saturday called for a nationwide protest on December 24 against Union Home Minister Amit Shah's remarks on Babasaheb Ambedkar.
In a series of posts on X, Mayawati said that Shah's remarks have hurt the hearts of the people.
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The death toll in the tanker truck collision on Bhankrota Ajmer Road in Jaipur on Saturday rose to 14, as confirmed by DCP West Jaipur, Amit Kumar.
The Friday accident, which resulted in a massive fire, involved a truck loaded with chemicals colliding with a tanker carrying LPG and other vehicles.
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Shares of Reliance Industries (RIL) hit a 52-week low of Rs 1,210.15, falling 1.7 per cent on the BSE in Friday’s intra-day trade, extending its previous day’s nearly 2 per cent decline. In one week, the stock price of the country’s most valuable company in terms of market capitalisation (market cap) has declined 5 per cent.
RIL has seen market cap erosion of Rs 85,525 crore during the week. In comparison, the BSE Sensex has declined 4.4 per cent during the same period.
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