Parliament Monsoon Session LIVE Updates:
Rajya Sabha to hold general discussion on Union Budget, Jammu and Kashmir Budget
A general discussion on the Union Budget and the budget for the Union Territory of Jammu and Kashmir for the fiscal year 2024-25 will be held in the Rajya Sabha later on Wednesday.
Finance Minister Nirmala Sitharaman presented both the Union Budget and the Jammu and Kashmir Budget in the House on July 23. The discussion is crucial as both the budgets shape the financial direction of the country and the Union Territory, respectively.
The Union Budget outlines the government's revenue and expenditure plans for the upcoming fiscal year, while the budget for the Union Territory of Jammu and Kashmir is a significant event considering the developmental needs.
As per the list of businesses of the Rajya Sabha, the discussion on these two budgets will be convened later in the day.
The discussion over these two budgets is expected to start in the second half of the day.