Budget 2022: With IOR Focus, Navy Gets 43% Capital Outlay Hike, Army Modernisation Funds Dip 12.2%
2 years, 10 months ago

Budget 2022: With IOR Focus, Navy Gets 43% Capital Outlay Hike, Army Modernisation Funds Dip 12.2%

News 18  

Emphasising the central government’s focus on the Indian Ocean Region and overall maritime security, union finance minister Nirmala Sitharaman on Tuesday announced a massive jump of around 43 per cent in the modernisation funds of the Indian Navy in the defence budget for 2022-23 at Rs 47,590.99 crore. The Indian Air Force retained the biggest share of the forces’ capital budget at Rs 56,851.55 crore–an increase of just about 4.5 per cent from the previous financial year. Of this, the total capital outlay earmarked for the Armed Forces was Rs1.52 lakh crore—a 12.82 per cent increase from the capital budget of Rs 1.35 lakh crore allocated last year. The revenue budget of the Armed Forces stood at Rs 2.33 lakh crore—a hike of 9.89 per cent from the previous financial year. Push towards indigenisation, reducing imports The defence budget for the upcoming financial year also announced a 5.3 per cent jump in the DRDO budget, at Rs 11,981.81 crore—up from Rs 11,375 crore.

Defence Financial Navy Budget Capital Crore Cent Lakh Sitharaman Armed Forces Ior Capital Outlay Sidm Funds Dip  lakh  forces  funds  dip  modernisation  outlay  armed  cent  focus  capital  rs  ior  crore  budget  defence  hike  gets  financial  navy

History of this topic

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman
3 months ago

Private capex to pick up, ₹4 lakh crore credit demand pipeline from India Inc: SBI Chairman

The Hindu  

Setty has said the bank has already got ₹4 lakh crore strong credit pipeline from India Inc and expressed hope that capital expenditure by the private sector is expected to pick up in the second half of the fiscal year. As far as public spending is concerned, Finance Minister Nirmala Sitharaman in the Budget proposed to raise the capital expenditure …

India’s defence budget 2024: Hits and misses
4 months, 1 week ago

India’s defence budget 2024: Hits and misses

Hindustan Times  

The defence sector budget allocation remained the same as the interim budget allocation, with finance minister Nirmala Sitharaman presenting the full budget on July 23, 2024, after the formation of the new government. Even though the budgetary allocation to the Defence Research and Development Organisation has increased to ₹23,855 crore in FY 2024-25 from ₹23,263.89 crore in FY 2023-24, there …

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation
4 months, 3 weeks ago

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation

The Hindu  

Replying to the debate on the Union Budget in Rajya Sabha on Wednesday where more than 80 elders participated, Union Finance Minister Nirmala Sitharaman said the transfer of resources to the States is going unhindered and the inferences that she mentioned just two States in the budget was a propaganda created by the INDIA bloc to mislead the people. Countering …

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: 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: Defence gets more at ₹6.22 lakh crore, boost for BRO’s projects
5 months ago

Budget 2024: Defence gets more at ₹6.22 lakh crore, boost for BRO’s projects

The Hindu  

Union Finance Minister Nirmala Sitharaman allocated ₹6.22 lakh crore for the defence sector in 2024-25 which is almost the same as in the interim Budget presented in February. Follow LIVE updates from the Union Budget 2024 on July 23, 2024 The allocation of ₹6.22 lakh crore for the defence sector is 4.79% higher compared to the Budget Estimates of last …

Union Budget 2024: Sector-Wise Allocation Puts Defence At The Top. Full Details Inside
5 months ago

Union Budget 2024: Sector-Wise Allocation Puts Defence At The Top. Full Details Inside

ABP News  

Budget 2024: Finance Minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday in Parliament. Defence: For FY25, the defence sector will receive an allocation of Rs 6.21 lakh crore, according to Finance Minister Nirmala Sitharaman. Education: During the presentation of the Budget 2024 on Tuesday, Finance Minister Nirmala Sitharaman declared that the central government would allocate Rs 1.48 lakh …

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: 7 key figures to gauge Indian economy's health under Sitharaman
5 months ago

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman presents the Union Budget 2024 in Parliament today, marking her seventh consecutive budget, surpassing the late Morarji Desai's record of six. Follow- Budget 2024 Live Updates Key numbers to watch for the first full Budget of Modi 3.0 Fiscal Deficit: • The budgeted fiscal deficit for the current fiscal year is projected at 5.1%, down …

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: 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 …

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 …

On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal
10 months, 1 week ago

On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal

News 18  

Two of the biggest infrastructure ministries – road transport and highways as well as railways – have used more than 75 percent of the capital expenditure in the first nine months of the current fiscal. According to data from the ministry, the railways, which got Rs 2.62 lakh crore for the ongoing financial year, has spent Rs 1.95 lakh crore …

Bhatti Presents Realistic TS Budget for Rs 2.75 Lakh Cr
10 months, 2 weeks ago

Bhatti Presents Realistic TS Budget for Rs 2.75 Lakh Cr

Deccan Chronicle  

HYDERABAD: Deputy Chief Minister Mallu Bhatti Vikramarka, who holds the finance portfolio, on Saturday presented a vote-on-account Budget for 2024-25 with an outlay of Rs 2,75,891 crore, eschewing the tempetation for going with a jumbo Budget and earmarking 153,196 crore for the Congress’ Six Guarantees. The Budget outlay indicates a reduction of over Rs 15,000 crore over last year's BRS …

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% …

Defence Budget 2024: Govt Allocates Rs 6.2 Lakh Crore, Launches New Scheme To Boost Deep-Tech
10 months, 3 weeks ago

Defence Budget 2024: Govt Allocates Rs 6.2 Lakh Crore, Launches New Scheme To Boost Deep-Tech

ABP News  

New Delhi: In the Interim Union Budget 2024, Finance Minister Nirmala Sitharaman on Thursday allocated Rs 6.21 lakh crore for defence spending, a hike of Rs 27,000 crore compared to the previous year. In the budget, a total of Rs 1.72 lakh crore was set aside to the military for capital expenditure that largely includes purchasing new weapons, aircraft, warships, …

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 …

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: 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, …

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
10 months, 3 weeks ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

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 …

Budget 2024: Government trims budget support for oil firms, defers filling strategic oil reserves
10 months, 4 weeks ago

Budget 2024: Government trims budget support for oil firms, defers filling strategic oil reserves

India TV News  

Budget 2024: The government has reduced its budgetary support to state-owned fuel retailers, including Indian Oil Corporation, Bharat Petroleum Corporation Ltd, and Hindustan Petroleum Corporation Ltd, by halving the equity infusion to Rs 15,000 crore. The initial announcement by Finance Minister Nirmala Sitharaman in the 2023-24 fiscal budget included Rs 30,000 crore for equity infusion and Rs 5,000 crore for …

Armed forces wait for a funds boost from Budget
10 months, 4 weeks ago

Armed forces wait for a funds boost from Budget

Hindustan Times  

Next week, the Union government will place an interim budget before Parliament. The Union budget pays for maintaining the Army, Navy and Air Force and provides support to defence public sector units and the research and development related to defence. The Army’s budget in 2023-24 shows that 70% of the 3.41 lakh crore allocation went to salaries and pensions, while …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

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 …

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 …

UP surpasses capex target, set to get 2nd tranche of central loan
1 year, 2 months ago

UP surpasses capex target, set to get 2nd tranche of central loan

Hindustan Times  

LUCKNOW Uttar Pradesh government has spent 51% of the capital expenditure target against the required 45% to get the second instalment of an interest-free loan for 50 years from the Centre under its special assistance scheme for the states. The government proposes to spend all the funds earmarked for capital expenditure by the end of 2023-2024, and this is bound …

From jet engines to RPAS: How US is sharpening India’s edge in defence
1 year, 5 months ago

From jet engines to RPAS: How US is sharpening India’s edge in defence

Hindustan Times  

The upcoming mega deals with the United States for jet engines and weaponised remotely piloted aircraft systems have turned the spotlight on the US’s role in equipping the Indian military with modern weapons and systems, the capability boost it has provided to the armed forces, and the country’s attempts to diversify its arms purchases, officials aware of the matter said …

Parliament panel for enhancing Army\'s capital budget
1 year, 9 months ago

Parliament panel for enhancing Army\'s capital budget

Deccan Chronicle  

New Delhi: The capital budget of the Indian Army should be increased to facilitate enhancing its deterrent capacity to ward off challenges from the two "hostile" neighbours, a parliamentary panel has said in an apparent reference to Pakistan and China. "The committee also desired that there should be a separate allocation for committed liabilities and new schemes, under the modernisation/capital …

Budget 2023: Jeremy Hunt reveals £11bn for defence spending
1 year, 9 months ago

Budget 2023: Jeremy Hunt reveals £11bn for defence spending

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Jeremy Hunt said Rishi Sunak’s government would add £11bn to Britain’s …

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?
1 year, 9 months ago

China boosts defence budget by 7.2% amid 'security challenges'; Where does India stand?

India TV News  

China's defence budget: China, which has been facing an economic slowdown, has announced to increase in the defence budget by 7.2 this year. China sets economic growth at around 5% The top economic official set this year’s growth target at “around 5%” following the end of anti-virus controls that kept millions of people at home and triggered protests. According to …

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 …

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh
1 year, 10 months ago

75 percent of defence capital budget earmarked for domestic firms: Rajnath Singh

Deccan Chronicle  

NEW DELHI: In a major move to push “Make in India”, defence minister Rajnath Singh on Wednesday announced that 75 per cent of funds allocated in Union Budget 2023-24 for equipping the Army, Navy and Air Force with new weapons and technology will be spent on purchases from domestic industry. In the Union Budget, the capital outlay which goes in …

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, …

Defence Budget 2023-24: Neither Here nor There
1 year, 10 months ago

Defence Budget 2023-24: Neither Here nor There

The Quint  

The meagre increase in the military's capital budget is disheartening for military planners, who can see their fiscal room for manoeuvre shrinking. The procurement of Rafale-M jets for the aircraft carrier, INS Vikrant, and Project-75I for submarine acquisition will almost certainly be on hold this year. The pension outlay has been increased this year to Rs 1.38 lakh crore, up …

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war
1 year, 10 months ago

India keeps aside Rs90,000 Cr in Budget 23-24 for fuel, ammo, spares with eye on China, Ukraine war

Firstpost  

This amount, which is around Rs 90,000 crore will be used for maintenance of weapons, equipment and other assets, replenishing stocks of fuel and ammunition and procurement of critical spares along with other capabilities. This amount excludes pay and other allowances New Delhi: Even as India’s defence budget saw a significant hike of around 13% for the financial year 2023-24, …

Budget Allocates Rs 4,692 Crore for Information and Broadcasting Ministry
1 year, 10 months ago

Budget Allocates Rs 4,692 Crore for Information and Broadcasting Ministry

News 18  

Union Finance Minister Nirmala Sitharaman on Wednesday announced a Rs 4,692-crore outlay for the Ministry of Information and Broadcasting for 2023-24 as against Rs 4,182 crore in the revised estimates for the last fiscal. The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last …

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 …

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 …

Budgeting for Infra: After Defence, Road & Railway Ministries Bag Highest Allocations from FM
1 year, 10 months ago

Budgeting for Infra: After Defence, Road & Railway Ministries Bag Highest Allocations from FM

News 18  

The Union Budget 2023-24 has prioritised infrastructure development as the Ministries of Road Transport and Highways and Railways bagged highest allocation after the Defence Ministry. As Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 on Wednesday, MoRTH was allocated Rs 2.70 lakh crore, while Railways got the highest ever outlay at Rs 2.40 lakh crore. In the last …

Budget 2023: NATGRID, Police Modernisation, LWE Projects See Big Jump in Allocation
1 year, 10 months ago

Budget 2023: NATGRID, Police Modernisation, LWE Projects See Big Jump in Allocation

News 18  

With focus on police modernisation, NATGRID and Left-Wing Extremism, allocation for the Union Home Ministry in Budget 2023 increased marginally from Rs 1.85 crore to Rs 1.96 crore, a 6% rise over the previous year. The major areas of expenditure will be NATGRID, which has seen a massive jump of more than 100% in allocation, and police modernisation where the …

Budget 2023: Defence spending increased by 13% to Rs 5.94 lakh crore
1 year, 10 months ago

Budget 2023: Defence spending increased by 13% to Rs 5.94 lakh crore

India Today  

Finance Minister Nirmala Sitharaman on Wednesday earmarked Rs 5.94 lakh crore for the Defence Ministry for the financial year 2023–24, which is a hike of around 13 per cent compared to last financial year. The allocation for the Defence Ministry is to be 13 per cent higher than what it was allocated in the Union Budget last year, which was …

Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget
1 year, 10 months ago

Highest-ever capital outlay of Rs 2.40 lakh crore for railways in budget

Firstpost  

Budget papers showed that the net revenue expenditure of the railways is placed at Rs 2,65,000 crore in the Budget Estimate 2023-24 as against Rs 2,42,892.77 crore in Revised Estimate 2022-23 New Delhi: The capital outlay for the railways has been increased to the highest-ever Rs 2.40 lakh crore in the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman said …

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements
1 year, 10 months ago

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements

Hindustan Times  

The Narendra Modi government at the Centre 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. She also said the enhanced capex of ₹10 lakh crore for infrastructure development is at 3.3 per cent of the …

Budget 2023: FM Sitharaman's big push for Railways with ₹ 2.4 lakh crore outlay
1 year, 10 months ago

Budget 2023: FM Sitharaman's big push for Railways with ₹ 2.4 lakh crore outlay

Hindustan Times  

Finance minister Nirmala Sitharaman has announced the biggest-ever push for Indian Railways with a capital outlay of ₹2.40 lakh crore. The Indian Railways capital outlay has been set at 2.40 lakh crore. "The Indian Railways capital outlay has been set at 2.40 lakh crore, highest ever; 9x of what was in 2013," Sitharaman said in her Budget speech on February …

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year
1 year, 10 months ago

Budget 2023: ₹79,000 crore set aside for PMAY, 65% higher than last year

Hindustan Times  

Presenting the final full budget of the Modi government ahead of next year's parliamentary elections, Union finance minister Nirmala Sitharaman on Wednesday announced an outlay of ₹79,000 crore towards the Pradhan Mantri Awas Yojana. New Delhi: Union Finance Minister Nirmala carrying a folder-case poses for photographs outside the Finance Ministry at North Block, in New Delhi, Wednesday, Feb. 1, 2023, …

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls
1 year, 10 months ago

Budget 2023: Key Highlights From Modi Govt's Final Full Budget Before 2024 LS Polls

ABP News  

Finance Minister Nirmala Sitharaman on Wednesday tabled the final full Budget of the NDA-II government. At Rs 10 lakh crore, the central goverment's capex target for 2023-24 is 33 per cent higher than the Budget Estimate of Rs 7.5 lakh crore for 2022-23. This Budget provides for Rs 35,000 crore capital investment towards energy transition and net zero objective and …

Budget 2023: Railways get highest ever 2.40 lakh crores capital outlay
1 year, 10 months ago

Budget 2023: Railways get highest ever 2.40 lakh crores capital outlay

Op India  

Finance Minister Nirmala Sitharaman on Wednesday announced Rs 2.40 lakh crore of capital outlay for the development of Indian Railways. “The Indian Railways capital outlay has been set at 2.40 lakh crore, highest ever; 9 times of what was in 2013,” the Finance Minister was quoted on February 1. According to the reports, the allocation of Rs 2.40 lakh crores …

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