Government moots ₹1 lakh-crore corpus for research and development in interim Budget
10 months, 3 weeks ago

Government moots ₹1 lakh-crore corpus for research and development in interim Budget

The Hindu  

Signalling a commitment to research and innovation for India’s “tech-savvy youth,” Finance Minister Nirmala Sitharaman, in her Interim Budget speech on February 1, mentioned a corpus of ₹1 lakh crore, that would be available on ‘minimal or nil interest rates’ to “encourage” the private sector to invest in research and development in ‘sunrise sectors.’ It was not clear if this corpus was targetted at a specific Ministry or intended as a more broad-based encouragement to research. Allocations to civilian science departments, namely the DST, the Department of Biotechnology, the Council of Scientific and Industrial Research and the Ministry of Earth Sciences, were modest with the CSIR getting a 10% raise from the ₹5,746 crore allocated in 2023-24 to ₹6,323 crore and the DST a 1% raise over the ₹7,931 crore in 2023-24 to ₹8,029 crore. In her speech, Ms. Sitharaman mentioned, again without details, “.A new scheme will be launched for strengthening deep-tech technologies for defence purposes and expediting ‘atmanirbharta.’ ” Deeptech is a buzzword that lacks a precise definition but refers to start-ups working towards proprietary technologies in the field of artificial intelligence and other esoteric research areas and requiring large, sustained research investment. The Finance Ministry, in its overall assessment of ‘Research and Development’ spending, has allotted ₹13,208 crore for 2024-25, up from the ₹12,850 crore in 2023-24.

Research Development Budget Crore Dst Interim Budget Science Ministry  corpus  crore  private  interim  research  budget  dst  moots  development  202324  science  ministry  lakhcrore  sector

History of this topic

What do leading scientists make of the R&D Budget in Modi’s third term?
4 months, 2 weeks ago

What do leading scientists make of the R&D Budget in Modi’s third term?

The Hindu  

The previous two terms of the Narendra Modi government saw the launch of some major national advanced technology missions, including for supercomputing, cyber-physical systems, and quantum technologies. N. Kalaiselvi, Director-General, Council of Scientific and Industrial Research: Continuing with the focus on ‘Viksit Bharat’ like last year, this year’s Union Budget also spurs research and development in important areas such as …

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 …

Budget 2024: ₹1,000 crore venture capital fund for space economy
5 months ago

Budget 2024: ₹1,000 crore venture capital fund for space economy

Hindustan Times  

Finance minister Nirmala Sitharaman unveiled a set of forward-looking initiatives as part of the budget proposals on Tuesday, operationalising a ₹1 lakh crore research fund that experts said will help work in next generation technologies and announce a new fund for innovation in the space sector. “With our continued emphasis on expanding the space economy by 5 times in the …

Budget 2024: Agriculture gets higher allocation; fertilizer, food subsidies slashed, farmers express concern
5 months ago

Budget 2024: Agriculture gets higher allocation; fertilizer, food subsidies slashed, farmers express concern

The Hindu  

Maintaining that enhancing productivity and resilience in agriculture is her priority, Union Finance Minister Nirmala Sitharaman allocated ₹1.52 lakh crore for farming and allied sectors in the first Budget of the third Narendra Modi government on Tuesday. The total allocation for the Department of Agriculture and Farmers Welfare is ₹1,22,528.77 crore. In the Revised Estimates in 2023-24, the amount was …

₹1,000 crore venture capital fund to promote space technology
5 months ago

₹1,000 crore venture capital fund to promote space technology

The Hindu  

Finance Minister Nirmala Sitharaman announced in the Budget a venture capital fund of ₹1,000 crore to promote space technology. “With our continued emphasis on expanding the space economy by five times in the next 10 years, a venture capital fund of ₹1,000 crore will be set up,” she said. The fund, along with the existing policies for the space sector, …

Budget 2024: Glass both half-full and half-empty for science Ministries
5 months ago

Budget 2024: Glass both half-full and half-empty for science Ministries

The Hindu  

The allocations for the traditional science Ministries and departments in the Union Budget presented by Union Finance Minister Nirmala Sitharaman on Tuesday present a dull picture against the 2023-2024 figures. The Department of Science and Technology received ₹8,029 crore, a marginal increase over the ₹7,931 crore from last year, but nearly two-thirds more than its utilisation of ₹4,891.78 crore. The …

Rs 1,248.91 cr for salaries of Union ministers, entertainment of State guests, ex-governors
5 months ago

Rs 1,248.91 cr for salaries of Union ministers, entertainment of State guests, ex-governors

Deccan Chronicle  

New Delhi: The 2024-25 Union Budget has allocated Rs 1,248.91 for expenses incurred by the Council of Ministers, the Cabinet Secretariat and the Prime Minister's Office, and for hospitality and entertainment of State guests. The Cabinet Secretariat has been allocated Rs 75.24 crore, against Rs 70.28 crore in 2023-24, for meeting the administrative expenses of those of the Chemical Weapons …

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 …

Budget 2024: How much defence funding was allocated during the interim budget passed in February?
5 months ago

Budget 2024: How much defence funding was allocated during the interim budget passed in February?

India TV News  

In a modest hike, the government had in its last interim budget, increased the defence budget to Rs 6.21 lakh crore for 2024-25 from last year's allocation of Rs 5.94 lakh crore and announced an ambitious scheme for "deep-tech" technologies in the military domain. In the interim Union budget presented in Parliament by Finance Minister Nirmala Sitharaman in February, a …

Budget 2024: Will focus on Anusandhan make India lead innovator by 2047?
5 months ago

Budget 2024: Will focus on Anusandhan make India lead innovator by 2047?

Firstpost  

The Narendra Modi government has floated a corpus of Rs 1 lakh crore for long-term zero-interest or low-cost loans for research and development activities In the Interim Budget 2024-25, Union Finance Minister Nirmala Sitharaman put research and innovation at the centre of the pathway of India to be a developed nation by 2047, when it celebrates a hundred years of …

'Raise budget outlay for education and research'
5 months, 1 week ago

'Raise budget outlay for education and research'

New Indian Express  

COIMBATORE: Former Vice-Chancellor of Anna University E Balagurusamy on Saturday urged the central government to increase the budgetary allocation for education and research. "During the last few years, spending on education has remained stagnant at around 10.5% of the total government budget and has only marginally increased from 2.8% to 3.1% of the GDP," he added. However, there has not …

Budgetary allocations in UP: 67% funds used so far, efforts on to utilise money by March 31
9 months, 2 weeks ago

Budgetary allocations in UP: 67% funds used so far, efforts on to utilise money by March 31

Hindustan Times  

LUCKNOW With the current financial year ending on March 31, 2024, the state government has so far used nearly 67% of the budgetary funds and efforts have been stepped up to ensure that departments make use of the funds without compromising on quality. The state government got an annual budget of ₹ 6.90 lakh crore approved from the state legislature …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
9 months, 3 weeks ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

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 …

Interim Budget 2024: A little more for all labharathis? Focus on ‘core of core’ schemes
10 months, 3 weeks ago

Interim Budget 2024: A little more for all labharathis? Focus on ‘core of core’ schemes

Hindustan Times  

The interim budget on Tuesday raised allocations to the government’s six so-called “core of core schemes” to ₹1.12 lakh crore for 2024-25 from revised estimates of ₹1.08 lakh crore, an increase of 3%. These core of core centrally In her sixth straight budget, Sitharaman allocated ₹86,000 crore for the make-work MNREGS programme for 2024-25, which is the same as the …

Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech
10 months, 3 weeks ago

Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech

The Hindu  

One of the announcements of Finance Minister Nirmala Sitharaman, while she presented the Interim Budget 2024 on February 1, that stood out was the “Anusandhan’‘ scheme, which promises to spur innovation and research in the “tech start-up” and Micro, Small and Medium Enterprise landscape. Avinash Vashistha, executive chairman, Tholons, a technology, innovation and investment firm, said the fund proposal indicated …

2024 Interim Budget | Allocation for Minority Ministry remains same
10 months, 3 weeks ago

2024 Interim Budget | Allocation for Minority Ministry remains same

The Hindu  

The Budget Estimate for the Union Minority Ministry remain almost unchanged with marginal increase for a couple of schemes and programmes. The budget allocation for the ministry has been increased from ₹3,097.60 crore in the financial year 2023-24 to ₹3,183.24 crore for 2024-25. Budget 2024 updates The budget for Quami Waqf Board Taraqqiati Scheme and Sahari Waqf Sampati Vikas Yojna, …

2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation
10 months, 3 weeks ago

2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation

The Hindu  

In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. The allocation of ₹6.2 lakh crore is 4.72% …

Budget 2024: Research & innovation corpus needs clarity of modalities involved
10 months, 3 weeks ago

Budget 2024: Research & innovation corpus needs clarity of modalities involved

Hindustan Times  

The Union Budget proposal to create a corpus of ₹1 lakh crore for the benefit of private sector research and innovation, with a 50-year interest-free loan cushion, has raised more questions than answers. ‘Not enough, but good start’ Gopichand Katragadda, who was earlier the Group Chief Technology Officer and Innovation Head at Tata Sons and former managing director at GE’s …

2024 Interim Budget | Space gets nominal hike, likely boost for spaceflight start-ups
10 months, 3 weeks ago

2024 Interim Budget | Space gets nominal hike, likely boost for spaceflight start-ups

The Hindu  

February 01, 2024 04:58 pm | Updated February 02, 2024 01:53 am IST - CHENNAI With no major space missions slated for 2024, the Department of Space has recieved only a nominal hike of 4% in its allocation in the Interim Union Budget for 2024-25, from ₹12,545 crore to ₹13,043 crore. The major launches slated for 2024 include an uncrewed …

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech
10 months, 3 weeks ago

India sets aside ₹6.21 lakh crore for defence, announces new scheme for deep tech

Hindustan Times  

India on Thursday set aside ₹6.21 lakh crore for defence spending in the interim budget for 2024-25, with the defence ministry saying that the critical sector continues to receive the highest allocation among all ministries. India’s defence budget stood at ₹5.93 lakh crore last year, including a capital outlay of ₹1.62 lakh crore. “A new scheme will be launched for …

Budget 2024: Saksham Anganwadi and Poshan 2.0 scheme gets ₹21,200 crore
10 months, 3 weeks ago

Budget 2024: Saksham Anganwadi and Poshan 2.0 scheme gets ₹21,200 crore

Live Mint  

New Delhi: The interim budget on Thursday provided a 3% boost to ₹21,200 crore, for the next financial year, for the women and child development ministry’s integrated Saksham Anganwadi and Poshan 2.0 scheme. “Upgradation of anganwadi centres under Saksham Anganwadi and Poshan 2.0 will be expedited for improved nutrition delivery, early childhood care and development.” Mint had reported on 18 …

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, …

Interim Budget: FM announces ₹1 trillion corpus for research in technology
10 months, 3 weeks ago

Interim Budget: FM announces ₹1 trillion corpus for research in technology

Hindustan Times  

Union finance minister Nirmala Sitharaman, presenting the Interim Budget 2024 in Parliament on Thursday, announced a ₹1 lakh crore corpus to help finance research in technology. Union finance minister Nirmala Sitharaman presents the Interim Budget 2024 in the Lok Sabha on Thursday. Calling innovation the “foundation of development”, Sitharaman said, “A corpus of ₹1 lakh crore will be established with …

Budgetary provisions: UP depts have barely used 50% of funds
1 year ago

Budgetary provisions: UP depts have barely used 50% of funds

Hindustan Times  

LUCKNOW Uttar Pradesh government’s major departments have spent only about 50% of the budgetary allocations for various development projects in 2023-2024. Besides an annual budget of ₹6.90 lakh crore approved for 2023-2024, the state government got a supplementary budget of ₹28,760.67 crore passed in the state legislature, taking the size of UP’s total budget to ₹7.19 lakh crore. Besides allocations …

As many as 412 infra projects show cost overruns of ₹4.77 lakh crore in August: Report
1 year, 2 months ago

As many as 412 infra projects show cost overruns of ₹4.77 lakh crore in August: Report

The Hindu  

As many as 412 infrastructure projects, each entailing an investment of ₹150 crore or more, have been hit by cost overruns of more than ₹4.77 lakh crore in August this year, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth ₹150 crore and above, out of 1,762 projects, 412 reported cost …

Mega schemes for pharma development, med-tech innovation and reducing dependency API import to be announced next month
1 year, 3 months ago

Mega schemes for pharma development, med-tech innovation and reducing dependency API import to be announced next month

The Hindu  

The Ministry of Chemicals and Fertilizers will soon announce a ₹5,000-crore research programme aimed at reducing India’s import dependency on Active Pharmaceutical Ingredients and promoting discovery of new drug molecules. “The policies aim to engage nine established pharmaceutical companies in impact research across six priority areas with prestigious government institutes. It also approved a new Scheme for Promotion of Research …

No quick fix: The Hindu Editorial on National Research Foundation Bill
1 year, 5 months ago

No quick fix: The Hindu Editorial on National Research Foundation Bill

The Hindu  

Among the most important pieces of legislation slated to be tabled in the current monsoon session of Parliament is the National Research Foundation Bill, 2023. The NRF draws on models such as the United States’s National Science Foundation whose nearly $8 billion budget is the major source of funding for college and university research, and the European Research Council, which …

Proposed National Research Foundation looks to tap CSR funds
1 year, 5 months ago

Proposed National Research Foundation looks to tap CSR funds

The Hindu  

The proposed National Research Foundation, a new centralised body to fund research, envisages an allocation of ₹50,000 crore over the next five years, with close to ₹36,000 crore coming in from the private sector. The two main objectives of the NRF are to boost private sector contribution to research in India and ensure that a greater slice of the funds …

Chandigarh admn defends budget hike before Parliamentary panel
1 year, 8 months ago

Chandigarh admn defends budget hike before Parliamentary panel

Hindustan Times  

Development on its mind, the UT administration has defended its decision of increasing the Budget allocation for the year 2023-24, before the Parliamentary Standing Committee of Home Affairs. The UT administration replied that the increase in the budget will facilitate improvement of infrastructure in education, police, health, urban development, public transport, development works of municipal corporations and Smart City projects. …

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings
1 year, 9 months ago

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings

The Hindu  

The Assam government on March 16 presented a ₹ 3.22 lakh crore Budget for the 2023-24 financial year, announcing funds for promoting micro-entrepreneurship and 40,000 fresh recruitments in various Departments. Presenting the Budget in the Assembly, Finance Minister Ajanta Neog said the government will invest ₹5,000 crore over the next three years to “transform” more than two lakh unemployed youths …

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion
1 year, 9 months ago

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion

Hindustan Times  

Madhya Pradesh finance minister Jagdish Deoda presented a revenue surplus budget of over ₹3.14 lakh crore on Wednesday in the state assembly ahead of the December polls. Madhya Pradesh finance minister Jagdish Deoda presented the state budget today With a special focus on women, tribals and religion, Deoda announced schemes for giving scooty and skill upgradation stipends to girl students, …

Telangana finance minister presents 2023-24 Budget in Assembly, outlays Rs 2.90 lakh Cr expenditure
1 year, 10 months ago

Telangana finance minister presents 2023-24 Budget in Assembly, outlays Rs 2.90 lakh Cr expenditure

India Today  

Telangana Finance Minister T Harish Rao on Monday introduced the Budget in the Assembly with an expenditure outlay of Rs 2,90,396 crore for 2023-24. The Finance Commission recommended a special grant of Rs.723 crore to Telangana and an amount of Rs 171 crore towards nutrition to ensure that the tax devolution should not be less than the amount of devolution …

What are scientists saying about the science budget? The Hindu asked five.
1 year, 10 months ago

What are scientists saying about the science budget? The Hindu asked five.

The Hindu  

Budgets offer a mixed bag of goodies – so it is with science that has seen both promising and indifferent budgets over the years. Rajendran, National Institute for Advanced Studies India’s 2023-2024 Union Budget unveiled today indicates an allocation of Rs 2,000 crore more than what the Ministry of Science and Technology received in the previous budget. Dr Soumitro Banerjee, …

A shot for science: The Hindu Editorial on budget allocation for Ministry of Science & Technology
1 year, 10 months ago

A shot for science: The Hindu Editorial on budget allocation for Ministry of Science & Technology

The Hindu  

The Budget speech in the year preceding a general election is usually one that seeks to appease as wide a swathe of society as possible. The Deep Ocean mission — which includes among other components developing a deep-submersible vehicle — and the National Research Foundation have got substantially higher hikes than in previous years, a sign that they are the …

Budget 2023 | Marginal increase of 3.43% for health, research budget slashed by 6.87%
1 year, 10 months ago

Budget 2023 | Marginal increase of 3.43% for health, research budget slashed by 6.87%

The Hindu  

The Union Budget 2023-24 has announced an allocation of ₹89,155 crore for the Ministry of Health, which is 3.43% higher than its FY23 outlay of ₹86,200.65 crore. Of the ₹89,155 crore outlay, ₹86,175 crore has been earmarked for the Department of Health and Family Welfare and ₹2,980 crore for the Department of Health Research. As compared to FY22-23 when ₹3,200 …

Budget 2023 | Funds for minority schemes slashed, allocation reduced 38% than last year
1 year, 10 months ago

Budget 2023 | Funds for minority schemes slashed, allocation reduced 38% than last year

The Hindu  

The Budget allocation for the Ministry of Minority Affairs was reduced by 38% for the financial year 2023-24 to the year 2022-23. The total allocation of the Budget for education empowerment for minorities which was ₹2,515 crore last year is reduced to ₹1,689 crore this year. Skill development training like Nai Manzil, USTAD got a Budget of mere ₹10 lakh, …

Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year
1 year, 10 months ago

Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year

The Hindu  

The Department of Space expenditure has been slashed by 8% in the 2023-24 Union Budget, down to ₹12,543.91 crore, from ₹13,700 crore in the previous Budget estimate. This header encompasses the expenditure of ISRO’s various centres, including the Human Spaceflight Centre, as well as “developmental and operation projects” involving satellites and launch vehicles. Notably, the expenditure for space science, which …

Budget 2023 | MGNREGS fund cut by 33% to 60,000 crore
1 year, 10 months ago

Budget 2023 | MGNREGS fund cut by 33% to 60,000 crore

The Hindu  

In line with the recent trend of slashing the budget of its flagship rural jobs scheme, the Union Budget allocated only ₹60,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Act scheme for 2023-24. That is 18% lower than the ₹73,000 crore budget estimates for the current year, and 33% lower than the ₹89,000 crore revised estimates for the …

Budget 2023 | ₹16,361 crore allocated for Ministry of Science and Technology
1 year, 10 months ago

Budget 2023 | ₹16,361 crore allocated for Ministry of Science and Technology

The Hindu  

The Ministry of Science & Technology has received an allocation of ₹16,361.42 crore in the Union Budget, a nominal increase of 15% from the previous budget estimate. Apart from the DST, it includes the Department of Biotechnology, which received ₹2,683.86 crore, a nominal hike of 3.9%, and the Department of Scientific and Industrial Research, which received ₹5,746.51 crore. The Biotechnology …

Govt allocate ₹35,000 crore for energy transition, achieve net-zero by 2070
1 year, 10 months ago

Govt allocate ₹35,000 crore for energy transition, achieve net-zero by 2070

Live Mint  

The issue of climate change is slowly coming into mainstream policies of the government. Union Finance Minister Nirmala Sitharaman on Wednesday announced the allocation of ₹35,000 crore in the Union Budget 2023 as a priority capital investment toward energy transition. “Green Growth” is a separate category in this year's budget that talks about India's vision for energy transition and sustainable …

Budget 2023 | ₹15,000 crore to be spent on development of tribals
1 year, 10 months ago

Budget 2023 | ₹15,000 crore to be spent on development of tribals

The Hindu  

Finance Minister Nirmala Sitharaman on Wednesday announced the Pradhan Mantri-PVTG Development Mission to focus on improving the overall socio-economic conditions of 75 Particularly Vulnerable Tribal Groups across the country, who live in around 31,000 villages of India’s 18 States and one Union Territory. “This will saturate PVTG families and habitations with basic facilities such as safe housing, clean drinking water …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 10 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

Budget 2023: Education Ministry gets highest-ever allocation of ₹1.12 lakh cr
1 year, 10 months ago

Budget 2023: Education Ministry gets highest-ever allocation of ₹1.12 lakh cr

Hindustan Times  

In the 2023-24 financial year, the central government plans to spend over ₹1.12 lakh crore in the education sector. Education Budget 2023 Live Updates In Budget 2023, Education Ministry has received highest-ever allocation of ₹ 1.12 lakh crore This is also the highest-ever budget allocated to the ministry. As per revised estimates of 2022-23 financial year shown in budget documents, …

Budget 2023: New Programme to Promote Research in Pharma, Says FM
1 year, 10 months ago

Budget 2023: New Programme to Promote Research in Pharma, Says FM

News 18  

Finance Minister Nirmala Sitharaman on Wednesday announced launch of a new programme to promote research in pharmaceuticals with a view to promoting growth of the sector. The domestic pharma industry had demanded that Budget 2023-24 should help fuel innovation and R&D, which will set the pace for propelling the pharmaceutical industry. The Organisation of Pharmaceutical Producers of India had demanded …

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
1 year, 10 months ago

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways

The Hindu  

The Union Budget has proposed a record budgetary allocation of ₹2.40 lakh crore for the Indian Railways on February 1. Overall, the government proposed to increase capital expenditure outlay by 33% to ₹10 lakh crore in 2023-24, which would be 3.3% of the GDP, said Ms. Sitharaman. With the substantial increase, it is central to government’s efforts to enhance growth …

Budget 2023 | Finance Minister pitches for 100% switch to mechanised sewer cleaning in all cities and towns
1 year, 10 months ago

Budget 2023 | Finance Minister pitches for 100% switch to mechanised sewer cleaning in all cities and towns

The Hindu  

Coming in with a nearly ₹100 crore allocation in this year’s Budget for the newly christened NAMASTE scheme, Finance Minister Nirmala Sitharaman on Wednesday said that the Union government is looking to enable 100% mechanical desludging of septic tanks and sewers in all cities and towns. Ms. Sitharaman, in her Union Budget 2023-23 speech, said this task was being undertaken …

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government
1 year, 10 months ago

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government

ABP News  

The Union Budget preparations have been in the full swing in the North Block. Asset Monetisation In the last fiscal the government targeted the national asset monetisation pipeline to accumulate Rs 1.62 lakh crore. According to various accounts, in this Budget the government may link budgetary allocation to infrastructure ministries to the progress and performance these ministries achieve in the …

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