Nirmala Sitharaman Gets Finance and Corporate Affairs Ministry Portfolio Will Present Union Budget Seventh Consecutive Time

Nirmala Sitharaman: The budget of Modi 3.0 government will once again be presented by Nirmala Sitharaman, who was the Finance Minister in the second term of the Modi government. In his third term, Prime Minister Narendra Modi has entrusted Nirmala Sitharaman with the responsibility of accelerating the country's economy and making India a 5 trillion economy. Nirmala Sitharaman has again been given the responsibility of the Finance Ministry. When the first budget of the NDA government will be presented in the monsoon session of Parliament next month, this will be the seventh consecutive time that Nirmala Sitharaman will present the budget.

Nirmala Sitharaman gets the reins of the economy

On the advice of Prime Minister Modi, the President of India has issued instructions regarding the division of portfolios. In the division of portfolios, Prime Minister Modi has once again handed over the responsibility of the Ministry of Finance and the Ministry of Corporate Affairs to Nirmala Sitharaman. The Finance Minister thanked PM Modi in her post on the social media platform X on Monday morning and wrote, I am grateful to our Prime Minister Narendra Modi for giving me the opportunity to serve under his leadership. She wrote, under his guidance, we will fulfill the vision of a developed India.

will take over soon

In the next one or two days, the Finance Minister will take charge as the Finance Ministry located in North Block and the Minister of Company Affairs located in Shastri Bhawan. On taking charge, the Finance Minister will have the big responsibility of preparing the first budget of the new government along with the officials of the Finance Ministry. It is expected that the first budget of Modi 3.0 will be presented in the first or second week of July.

Responsibility for presenting the budget

The Finance Minister will soon hold a pre-budget meeting with representatives from the agriculture sector to the industry, economists and labour organisations and take their suggestions regarding the budget. While presenting the first budget of the new government, the Finance Minister will be under pressure to give relief to the public from inflation, relief from the burden of taxes and to give impetus to the economy. Also, this government formed under the leadership of PM Modi is a coalition government because the BJP has failed to get a majority in the Lok Sabha elections. In such a situation, the Finance Minister will also have to take care of the demands of its allies in the budget on whose strength this government has been formed. It is being speculated that as the BJP has not got a majority in the elections, populist announcements can be made in the budget so that the resentment of the common people can be removed which has been seen against the BJP in many states including Uttar Pradesh.

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