JAG MOHAN THAKEN Established with the noble objective of liberating the poor from the clutches of dodgy and mammonist moneylenders, who demanded high pitch interest rates from the lower strata people, the cooperative banks in India have played a pivotal role in uplifting the poorest of the poor and the socio-economically underprivileged strata. However, there
Interim Budget 2024: Sitharaman equaled the record of former Prime Minister Morarji Desai, who as finance minister, presented five annual budgets and one interim budget between 1959 and 1964. This will be her sixth Budget as the Finance Minister and last in the second term of the Modi government. The interim budget will take care of the financial needs of the intervening period until a government is formed after the Lok Sabha polls.
Budget 2024: After the British rule, Independent India’s first finance minister RK Shankmukham Chetty carried the first Budget papers in a leather portfolio bag to the Parliament.
Finance Minister Nirmala Sitharaman presents the interim Budget 2024-25 in a paperless format, using a digital tablet instead of a traditional briefcase. This continues her tradition of using a tablet wrapped in a bahi-khata style pouch to carry the Budget documents. She poses for a picture with her team outside her office before heading to meet the President. Sitharaman s Budget for FY2024-25 is the Modi government s 12th straight Budget since 2014.