Finance Minister Nirmala Sitharaman is presenting the budget of the second term of the Narendra Modi government today.
Nirmala Sitharaman will present the full-year budget for the year ending on March 2021.
The Budget speech began at around 11 am today with Nirmala Sitharaman beginning it with an address to the speaker of Lok Sabha.
The Finance Minister on Friday tabled in Parliament the pre-Budget Economic Survey for 2019-20, which projected the state of the economy and outlined its challenges. The survey was released by Chief Economic Adviser Krishnamurthy Subramanian.
The Union Budget is the financial statement of the government, detailing its revenue and expenditure in the past, as well as estimated spending and projections for the coming year.
Nirmala Sitharaman had presented her maiden budget in July last year, shortly after the BJP-led government came back to power in the Centre in the 2019 Lok Sabha elections.
(With inputs from PTI)