Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending
1 year, 10 months ago

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending

The Hindu  

Published : Feb 07, 2023 15:57 IST If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister Nirmala Sitharaman that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second Narendra Modi-led government is to be sustained with rise from the 2022-23 revised estimate of Rs.7.3 lakh crore to Rs.10 lakh crore in 2023-24. But Budget 2023-24 once again goes against the grain, by not just curtailing social spending but doing so in a year when spending on capital expenditure is budgeted to rise significantly. Social spending cuts Capital spending is being privileged relative to social spending within a shrinking expenditure Budget in a pre-election year. For example, the Rs.10 lakh crore capital expenditure estimate for 2023-24 includes expenditures undertaken by States using the Rs.1.3 lakh crore that has been offered for another year through the 50-year interest-free loan window.

Finance Growth Social Budget States Capital Spending Crore Lakh Nda Ist Expenditure Capital Expenditure Nif Lakh Crore Social Spending Fiscal Consolidation Expenditures Budgeted  202324  capital  budget  expenditures  crore  growth  expenditure  spending  social  lakh  union  curtails  welfare

History of this topic

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 1 week ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

What’s the Budget push for infrastructure?
4 months, 3 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development
4 months, 4 weeks ago

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development

Deccan Chronicle  

Bhubaneswar: The Bharatiya Janata Party-led Odisha government on Thursday presented Rs.2.65 lakh crore budget for the financial year 2024-25 with more special focus on agriculture, infrastructure, welfare and Odia Asmita. Presenting the budget, Chief Minister Mohan Charan Majhi, who also holds the finance portfolio, proposed the administrative expenditure at Rs 97, 725 crore and the programme expenditure of Rs 1,55,000 …

Budget 2024: Placing thrust on infrastructure
5 months ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024: Growth, reforms and infrastructure
5 months ago

Budget 2024: Growth, reforms and infrastructure

The Hindu  

The 2024 Budget signals policy continuity. Specifically, the Budget focuses on these key priorities - resilient agriculture, promoting skill development, driving employment and inclusivity, accelerating infrastructure development, energy security, fostering innovation and progressive reforms. Focus on infrastructure The government has earmarked an impressive capital expenditure of over ₹11 lakh crore, equivalent to 3.4% of the GDP, towards infrastructure development. By …

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety
5 months ago

Budget 2024: With ₹2.65 lakh crore outlay, Railways to prioritise safety

The Hindu  

The Ministry of Railways has received a record allocation of over ₹2.55 lakh crore in financial year 2024-25, which is a jump of 5.85% from the previous year’s ₹2.41 lakh crore, according to Union Budget documents. The total outlay provided for capital expenditure includes ₹2.52 lakh crore from general revenues, ₹200 crore from Nirbhaya Fund, ₹3,000 crore from internal resources …

Budget 2024: A message of fiscal stability, growth continuity
5 months ago

Budget 2024: A message of fiscal stability, growth continuity

The Hindu  

The FY25 Union Budget has sent out a strong message under the new administration — there remains an unequivocal focus on stability and continuity amidst a new chiselled focus on providing growth a more inclusive character in India. The fiscal deficit, at 5.6% of GDP in FY24, still high compared to pre-COVID-19 pandemic levels, provided the needed growth impetus via …

The budget echoes the Developed India vision
5 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
5 months ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months ago

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts

Hindustan Times  

India has set aside ₹6,21,940 crore for defence spending in the Union Budget 2024-25 – up from last year's outlay of ₹5.94 lakh crore – finance minister Nirmala Sitharaman announced as she presented the Union Union Budget 2024 on Tuesday. The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months ago

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman

The Hindu  

In her seventh budget presentation, Finance Minister Nirmala Sitharaman announced allocating Rs 11 lakh, 11 thousand and 111 crore towards capital expenditure. She further urged, “We will encourage states to provide support of similar scale for infrastructure development based on their priorities.” The finance minister stated that private investment in infrastructure will be promoted through Viability Gap Funding and a …

Union Budget 2024: Where does Centre spend the most money?
5 months ago

Union Budget 2024: Where does Centre spend the most money?

Hindustan Times  

Union finance minister Nirmala Sitharaman presented Union Budget in Parliament of Tuesday. Union Budget 2024: Union finance minister Nirmala Sitharaman with the Budget tablet arrives at the Parliament to present the Union Budget 2024-25 during the Monsoon Session, in New Delhi on Tuesday. "The fiscal consolidation path announced by me in 2021 has served our economy very well, and we …

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months ago

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

Hindustan Times  

July 23, 2024 9:02 PM IST Budget 2024 LIVE Updates: Supriya Paul, CEO & Co- Founder, Josh Talks, said, “The Union Budget 2024-25 represents a significant stride towards Bharat's development. The allocation of ₹1.48 lakh crore towards education, employment, and skills development is a substantial investment. By enhancing the quality of education and training, we are equipping our youth with …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months ago

Capital expenditure revised downwards for 2023-24 - The Hindu

The Hindu  

Tamil Nadu budget has revised the capital expenditure downwards to ₹42,532 crore in revised estimates for 2023-24 from ₹44,366 crore in the budget estimates. The capital expenditure goes towards creation of fixed assets such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. For 2024-25, the State has estimated its capital expenditure to …

We mustn't spread India’s social sector spending too thin
10 months, 1 week ago

We mustn't spread India’s social sector spending too thin

Live Mint  

India unhesitatingly desires to grow" were the words echoed by our former finance minister, the late Arun Jaitley, when he presented the Narendra Modi government’s first Union budget a decade ago. Its focus was conspicuously on poverty reduction, increasing employment opportunities, equitable development and fighting these challenges under the government’s pet phrase for collective development, “Sab ka Saath, Sab ka …

Delhi budget: Special focus on development of roads in rural pockets
10 months, 1 week ago

Delhi budget: Special focus on development of roads in rural pockets

The Hindu  

The AAP government's budget will have special focus on development of roads in rural pockets of the national capital, according to sources in the government. In its budget, the government is likely to propose a project for redevelopment of around 1,000 km of roads in villages for which a four-fold increase in allocation to the development department is expected, the …

Budget 2024 on welfare schemes: Expenditure cut or remain stagnant, say Left parties
10 months, 3 weeks ago

Budget 2024 on welfare schemes: Expenditure cut or remain stagnant, say Left parties

The Hindu  

In a bid to reduce the fiscal deficit, the Union government has cut down on expenditure that has led to welfare schemes and capital expenditure being curtailed and this would negatively impact future growth and economic fundamentals, the CPI said critiquing the 2024 Interim Budget. The Union Budget, the CPI Polit Bureau said in a statement here, reveals the grim …

Key takeaways from interim Budget 2024-25 in charts
10 months, 3 weeks ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
10 months, 3 weeks ago

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore

News 18  

Ensuring more power to infrastructure development for economic growth and employment creation, a large sum of Rs 11,11,111 crore has been set aside as the capital expenditure outlay in the interim budget 2024. “Building on the massive tripling of the capital expenditure outlay in the last four years, resulting in a huge multiplier impact on economic growth and employment creation, …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Budget may focus on welfare, infra, adhere to fisc glide path
10 months, 3 weeks ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

Populist measures may be missing from Budget 2024. Here's why
10 months, 3 weeks ago

Populist measures may be missing from Budget 2024. Here's why

India Today  

Prime Minister Narendra Modi is expected to break the trend of spending heavily on new welfare programs in the Lok Sabha election year ahead of the upcoming Interim Budget for 2024-25. Government targets lowering the fiscal deficit The government's plan to reduce the fiscal deficit by at least 50 basis points in 2024/25, from the current year's target of 5.9 …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

Interim Budget 2024: Overall spending likely to see 10% hike, says report
11 months, 1 week ago

Interim Budget 2024: Overall spending likely to see 10% hike, says report

India Today  

The upcoming interim budget for the fiscal year 2024-25 may witness a cautious approach from the government, with an anticipated 10 per cent increase in overall spending compared to the current fiscal year, reported The Economic Times. Despite the economy's robust growth, with a forecasted 7.3 per cent increase in Gross Domestic Product for the fiscal year 2023-24, the government …

Railway budget 2024 to rise 25% to hit record levels
11 months, 1 week ago

Railway budget 2024 to rise 25% to hit record levels

Hindustan Times  

Budgetary allocation for Indian Railways is expected to hit record levels in 2024-25 as the government gears up to support a major makeover for the national transporter with additional modern and faster trains and improved safety features. “The government supported with an over 50% increase in gross budgetary support in 2023-24, and the expectation is that absolute support would touch …

Vision 2047: Infra to be biggest driver for growth push
11 months, 4 weeks ago

Vision 2047: Infra to be biggest driver for growth push

Live Mint  

New Delhi: India’s infrastructure sector is set to become the biggest driver for the country that aspires to become a $5 trillion economy soon and a developed nation by 2047. The newly adopted Vision 2047 document also lays emphasis entirely on infrastructure growth scaling up the pace of development of railways, roads, and ports surpassing most developed countries. Instruments like …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

Welfare spending has been getting a regular pruning
1 year, 7 months ago

Welfare spending has been getting a regular pruning

The Hindu  

This year’s Union Budget was criticised by experts over a decline in allocations for welfare schemes in real terms, at a time of post-COVID-19 recovery when welfare spending should have been a priority. To cover all women and births as per the National Food Security Act mandate, the scheme needs around ₹14,000 crore, but the PMMVY Budget is yet to …

Fiscal 2022-23 ends, funds for welfare schemes remain unused
1 year, 8 months ago

Fiscal 2022-23 ends, funds for welfare schemes remain unused

Deccan Chronicle  

Hyderabad: A large chunk of funds allocated to various schemes by the state government in Budget 2022-23 remain unused even as the financial year 2022-23 comes to an end on March 31, Friday. The state government sanctioned Rs 17,700 crore for Dalit Bandhu scheme, Rs 12,000 crore for housing, Rs 6,000 crore for crop loan waiver scheme, Rs 1,000 crore …

Fund allocations for welfare increased in AP Budget
1 year, 9 months ago

Fund allocations for welfare increased in AP Budget

Deccan Chronicle  

VIJAYAWADA: The Jagan Mohan Reddy government’s welfare schemes get a fresh boost with an increase in fund allocations for them in the AP Budget 2023 presented in the Assembly on Thursday. Taking to Twitter later in the day, the CM said, “The main objectives were to provide good education, good medicine, good health, happiness for farmers, empowerment of my sisters, …

No new taxes in Gujarat’s ₹3 lakh crore budget
1 year, 9 months ago

No new taxes in Gujarat’s ₹3 lakh crore budget

The Hindu  

The Gujarat government on Friday presented a ₹3.01 lakh crore budget for 2023-24, a significant 23% rise compared to last year, which proposed no new taxes, doubling of insurance cover and providing two free cooking gas cylinders under the Ujjwala scheme. The State’s public debt has touched around ₹3.8 lakh crore, which Mr. Desai contended was substantially lower than the …

India needs a Budget for its young
1 year, 10 months ago

India needs a Budget for its young

The Hindu  

The world is indeed looking up to the Indian economy as a ‘bright star’, as the Finance Minister noted in the Budget speech on February 1. In contrast to capital expenditures, subsidies and social sector spending are considered ‘wasteful’ and, therefore, it is believed, a cut on their outlays will not hurt economic growth. Unwarranted fears about fiscal deficit Inflated …

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin
1 year, 10 months ago

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin

ABP News  

The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

TS govt\'s 10 budgets in last 9 years: Targets met only twice
1 year, 10 months ago

TS govt\'s 10 budgets in last 9 years: Targets met only twice

Deccan Chronicle  

Hyderabad: The BRS government has presented 10 budgets in the Telangana Legislative Assembly since the formation of the state in 2014 with the Budgetary allocations increasing year after year. The TRS government presented the 2014-15 budget with a total outlay of Rs 1,00,637 crore; the revised estimates were also the same; however, the actual spending was only Rs 62,306 crore, …

TMS Ep362: Budget for rich, capex outlay, RBI rate hike, night light data
1 year, 10 months ago

TMS Ep362: Budget for rich, capex outlay, RBI rate hike, night light data

Business Standard  

Believe it or not. This year’s budget may have been a mixed bag for the high-net-worth individuals, otherwise known as the super-rich. Bhaswar Kumar’s report answers that question Allotment of 10 trillion rupees for capital expenditure in 2023-24 was one of the key highlights of this Union budget. Economic survey’s growth projection for 2023-24 and reforms announced in the Union …

How Union Budget 2023-24 captures the true essence of Amrit Kaal
1 year, 10 months ago

How Union Budget 2023-24 captures the true essence of Amrit Kaal

Firstpost  

PM Modi questioned the obsolete way of running an economy, ushered in a digital revolution in India and has showcased to the world that India from being among the “fragile five”, is today the world’s fifth largest economy in terms of nominal GDP “The first lesson of economics is scarcity. India’s rising global profile is due to several accomplishments under …

Key takeaways from Union Budget 2023-24 in charts
1 year, 10 months ago

Key takeaways from Union Budget 2023-24 in charts

The Hindu  

The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. Transfer to states/UTs Allocation to Ministries The Union Budget allocated a massive ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last …

The Union budget for 2023-24 is rather well placed on fiscal math
1 year, 10 months ago

The Union budget for 2023-24 is rather well placed on fiscal math

Live Mint  

All credit goes to Finance Minister Nirmala Sitharaman and her team for extraordinary fiscal performance over three years of relentless pressure from the pandemic followed by the Ukraine war. During the current fiscal year closing on 31 March 2023, the Central fiscal deficit has held at 6.4% as budgeted, despite additional expenditure of ₹2 trillion on food and fertilizer subsidies. …

Tax-Capex double engine in Union Budget 2023-24
1 year, 10 months ago

Tax-Capex double engine in Union Budget 2023-24

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned in 2023-24, sought to encourage taxpayers to spend more with tax cuts, and announced a ₹35,000 crore expenditure on energy transition even as she managed to reduce the fiscal deficit to 5.9% from 6.4% this …

A balance between capital outlays and fiscal prudence
1 year, 10 months ago

A balance between capital outlays and fiscal prudence

The Hindu  

The Budget comes at a time when the government faces a delicate balancing act between expenditure priorities and the need for fiscal prudence as it is the last full Budget before the general elections. There are five issues that need to be analysed in this Budget — three from a growth and fiscal stability perspective and two from a welfare …

Welfare spending cut could pose significant livelihood challenges
1 year, 10 months ago

Welfare spending cut could pose significant livelihood challenges

Hindustan Times  

Since the 2021-22 Budget, the Union government has steadily pivoted from welfare spending to capital expenditure. In essence, welfare spending is now relegated to the margins, in the hope that investment in infrastructure will, to quote the finance minister, have a “large multiplier impact on growth and employment and ramp up the virtuous cycle of investment and job creation.” From …

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 10 months ago

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

The Hindu  

The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation, encouraging savings and investments, and fiscal consolidation. The government needs …

In Rs 45.03 Lakh Crore Budget, Here Is How Much Each Sector Received
1 year, 10 months ago

In Rs 45.03 Lakh Crore Budget, Here Is How Much Each Sector Received

ABP News  

Narendra Modi-led NDA government on Wednesday laid out its full and final Union Budget on Wednesday ahead of the general election scheduled for 2024. Finance Minister Nirmala Sitharaman in her fifth Budget presentation allocated a whopping Rs 45.03 lakh crore for the financial year 2023. In the financial year 2022-23, the government allocated Rs 39.45 lakh crore for the annual …

Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?
1 year, 10 months ago

Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?

The Quint  

The Union Budget speech of Finance Minister Nirmala Sitharaman highlighted seven key priority goals as the “Saptarishis guiding through the Amrit Kaal” for this year’s fiscal outlay map: a) Inclusive Development; b) Last Mile Development; c) Infrastructure and Investment; d) Green Growth; e) Youth, and f) Financial Sector. Key fiscal numbers were kept in line with the broader market expectations …

Budget 2023 | Defence budget rises 13%; revised estimate for pension rises
1 year, 10 months ago

Budget 2023 | Defence budget rises 13%; revised estimate for pension rises

The Hindu  

The Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday allocated ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. The overall revised estimates for 2022-23 for defence stood at ₹5.85 lakh crore and this year’s allocation represents a 1.5% increase. Of this year’s defence budget, ₹2.7 lakh crore is …

Budget 2023-24: A lookback at the achievements of Modi govt since 2014
1 year, 10 months ago

Budget 2023-24: A lookback at the achievements of Modi govt since 2014

Firstpost  

The Union Finance Minister has provided credit for the efficient implementation of many schemes with the universalisation of targeted benefits for the resultant inclusive development across the country since 2014. New Delhi: The government’s efforts since 2014 have ensured all citizens a better quality of living and a life of dignity, said Union Finance Minister Nirmala Sitharaman. “We have significantly …

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay
1 year, 10 months ago

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay

The Hindu  

Announcing its last full budget before the 2024 elections, the NDA government focused on a slew of measures that expanded Capital Expenditure spending and tied in various priorities including Green Growth, Youth Power and Inclusive Development. Here are the key highlights from today budget speech: Major announcements: > Finance Minister Nirmala Sitharaman upped the rebate limit for paying income taxes …

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