Today, the Finance Minister Nirmala Sitharaman chaired her initil pre-Budget consultations with the first group of captains from industries and experts in the field of infrastructure and climate change in the national capital. The meeting was graced by minister of state finance Pankaj Chaudhary and Bhagwat Krishnarao Karad, finance secretary TV Somanathan, secretaries from other departments of the finance ministry and the chief economic advisor Anantha Nageswaran.
The formal exercise to prepare the annual budget for the next financial year 2023-24 started on October 10. And the budget for 2023-24 is likely to be framed on the 1st of February, 2023.
Notably, it will be the last full Budget for Modi 2.0 government before the Lok Sabha elections that are going to take place in April-May 2024.