Budget 2023 | No separate mention of disinvestment proceeds
1 year, 10 months ago

Budget 2023 | No separate mention of disinvestment proceeds

The Hindu  

The Budget for 2023-24 has not separately mentioned the amount that the government plans to raise from disinvestment or privatisation of state-owned companies. As per the 2023-24 Budget document, the revised estimate for miscellaneous capital receipts for the current fiscal has been pegged at ₹60,000 crore, lower than the ₹65,000 crore projected in Budget estimates for 2022-23. For the next fiscal beginning April 1, the miscellaneous capital receipts have been pegged at ₹61,000 crore. As per the DIPAM website, the government has so far mopped up over ₹31,100 crore by way of minority stake sale in CPSEs, as against the full-year Budget target of ₹65,000 crore. For the next fiscal, companies like Shipping Corporation of India, NMDC Steel Ltd, BEML, HLL Lifecare, Container Corporation of India and Vizag Steel, besides IDBI Bank, are in the government's list for privatisation.

Budget Capital Receipts  budget  separate  disinvestment  crore  capital  receipts  target  separately  proceeds  mention  miscellaneous  steel  fiscal  2023

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Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December
5 days, 15 hours ago

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December

Live Mint  

The Centre’s direct tax collection from corporations and individuals after adjusting for tax refunds has reached ₹15.8 trillion so far this year, jumping 16.45% over the previous year and outpacing the budget estimate. While non-corporate tax collection from individuals and other entities like partnerships and local authorities, after adjusting for refunds, recorded a 22% jump so far this year to …

Centre seeks Parliament nod for net extra spending over ₹44,100 crore
1 week, 4 days ago

Centre seeks Parliament nod for net extra spending over ₹44,100 crore

Live Mint  

New Delhi: The finance ministry on Thursday sought Parliament's approval for net extra spending of ₹44,143 crore in the current financial year for administrative and subsidy requirements, showed the first supplementary demands for grants tabled in the House. The net additional spending of ₹44,143 crore is unlikely to have a big impact on the government’s fiscal deficit target of ₹16.1 …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
3 weeks ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint  

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
3 weeks, 3 days ago

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex

Live Mint  

India’s fiscal deficit for the April-October period stood at ₹7.51 trillion, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. During the April-October period, while non-tax revenue stood at ₹3.99 trillion or 73.2% of the annual budget estimates, total revenue receipts stood at ₹17.23 trillion, or 53.7% of the estimates …

CAG says off-budget liabilities of Andhra at ₹32,903 crore
1 month, 1 week ago

CAG says off-budget liabilities of Andhra at ₹32,903 crore

Hindustan Times  

The off-budget liabilities of the Andhra Pradesh government stood at ₹32,903 crore at the end of the 2023-24 financial year, the Comptroller and Auditor General of India said in its report tabled in the state assembly on Wednesday. The CAG, which reviewed the state government’s budget for the financial year 2023-24, said the off-budget borrowing is a liability of the …

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 …

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
1 month, 1 week ago

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget

Hindustan Times  

The Telugu Desam Party-led National Democratic Alliance government in Andhra Pradesh on Monday presented its first full-fledged budget of ₹2,94,427 crore for 2024-25, five months after coming to power. Finance minister Payyavula Kesav told the state legislative assembly that the budget included revenue expenditure of ₹2,35,916 crore and capital expenditure of ₹32,712 crore. The NDA government under chief minister N …

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year
1 month, 2 weeks ago

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year

Hindustan Times  

The UT administration has suffered a revenue loss of ₹240 crore in the first half of the 2024-25 fiscal, data from the Comptroller and Auditor General of India has revealed. The capital expenditure, which include funds designated for development projects and asset creation, have also been come down-- from ₹ 722 crore in 2023 to ₹ 655 crore in 2024. …

Fiscal deficit in April-August at 27% of full-year target: Govt data
2 months, 3 weeks ago

Fiscal deficit in April-August at 27% of full-year target: Govt data

The Hindu  

The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit - the gap between expenditure and revenue - was at ₹4,35,176 crore as of August-end, according to data released by the Controller General of Accounts. In the …

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

Need a budget that focuses on demand creation
4 months, 2 weeks ago

Need a budget that focuses on demand creation

New Indian Express  

No budget will ever satisfy everyone. The ‘dream budget’ of 1997, which brought in a slew of reforms including reduction of tax rates, liberalised import, greater freedom for foreign investors, voluntary disclosure of undeclared income and the beginning of disinvestment in the public sector, is considered to be a pinnacle of performance for a finance minister. Years later, I was …

Telangana Cabinet approves budget for 2024-25
4 months, 4 weeks ago

Telangana Cabinet approves budget for 2024-25

Deccan Chronicle  

Hyderabad: The State Cabinet approved the budget to be presented by the Deputy Chief Minister Mallu Bhatti Vikramarka at a meeting chaired by the Chief Minister A Revanth Reddy in the Assembly Hall here on Thursday. Bhatti, who also holds the finance portfolio, will present the budget in the State Assembly at 12 noon. Bhatti handed over the copies related …

Budget 2024 creates a template for reforms in Modi 3.0
5 months ago

Budget 2024 creates a template for reforms in Modi 3.0

Firstpost  

This year’s Budget stands out for its balanced approach, focusing on fiscal discipline, capital expenditure, regulatory simplification, job creation, and next-generation reforms, aiming to stimulate high growth and employment Budgets have long been spectacles of grand announcements and symbolic gestures. Additionally, the budget aims to enhance women’s workforce participation through infrastructure support and specialised skilling programmes, and to upgrade 1,000 …

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 …

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 …

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25
5 months ago

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25

Hindustan Times  

The government has lowered its borrowings estimate for the current financial year to 14.01 lakh crore as there is an improvement in tax collection. Union Finance Minister Nirmala Sitharaman showcases a red pouch carrying the Budget documents, outside the Finance Ministry in North Block The government has to borrow by issuing dated securities to meet its fiscal deficit target. The …

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: 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 …

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls
5 months, 2 weeks ago

Mahayuti tables demand of ₹95,000 crore to fund populist schemes ahead of polls

Hindustan Times  

Mumbai: Merely a week after the ₹6,12,293 crore budget for 2024-25 was presented, the state government tabled the supplementary demands of ₹94,889 crore, making it the highest ever in history. The supplementary demands mostly aim to finance the populist schemes announced in the budget in anticipation of the upcoming Assembly polls scheduled for October this year. Jayant Patil, former finance …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Punjab government misses 2023-24 capex target by 53%
6 months, 4 weeks ago

Punjab government misses 2023-24 capex target by 53%

Hindustan Times  

The Punjab government missed its capital expenditure target by 53% during the financial year 2023-24. Against a capital expenditure of ₹ 10,354 crore proposed in budget estimates, the state government spent only ₹ 4,862 crore during the financial year, leaving a gap of ₹ 5,492 crore, according to the latest data on key economic indicators Against a capital expenditure of …

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target
8 months, 3 weeks ago

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target

New Indian Express  

NEW DELHI: India’s fiscal deficit for April to February of FY24 reached Rs 15.01 lakh crore, representing nearly 86.5% of the target set for the full financial year, according to the government data. During the corresponding period in the previous year, the fiscal deficit was recorded at Rs 14.53 lakh crore. As of February 2024, the Government of India has …

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 …

Punjab government likely to miss capex target, only 32% achieved so far
9 months, 3 weeks ago

Punjab government likely to miss capex target, only 32% achieved so far

Hindustan Times  

Despite a healthy growth in tax revenues and increased borrowing, the Punjab government is likely to miss its capital expenditure target going by the spending in the first ten months of the financial year 2023-24. A finance department official said that capex numbers will look much better by the end of the fiscal though they may still fall short of …

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data
9 months, 3 weeks ago

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data

Hindustan Times  

The government's fiscal deficit at ₹11 lakh crore at January end touched 63.6 per cent of the revised annual target, according to the official data released on Thursday. The government's total receipts stood at ₹ 22.52 lakh crore as of January 2024 In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 …

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 …

Chennai Corporation Budget 2024 | Fiscal deficit at lowest in five years, revenue receipts up
10 months ago

Chennai Corporation Budget 2024 | Fiscal deficit at lowest in five years, revenue receipts up

The Hindu  

The Greater Chennai Corporation presented its budget for the fiscal year 2024-25, with the lowest deficit in five years. According to the Budget estimate documents from FY2020-21 until now, net deficit was at its lowest in FY 2024-25 compared to the past five years. Although revenue receipts are at their highest now over the past five years at ₹4,464.60 crore, …

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 …

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’
10 months ago

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’

Hindustan Times  

Tamil Nadu finance minister Thangam Thennrasu on Monday presented the state budget for 2024-25 announcing a total outlay of ₹3.48 lakh crore, along with a revenue deficit of over ₹49,000 crore as the government promised an increased focus on infrastructure and expanding welfare schemes encompassing “seven Tamil dreams” with no new populist announcement, aiming at fiscal prudence. The alleged “inordinate …

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit
10 months, 1 week ago

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit

The Hindu  

The total outlay of the Karnataka State budget for 2024-25 is pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. Karnataka Budget 2024-25: LIVE coverage While the Chief Minister has not increased any taxes, he has presented a revenue deficit budget with the net borrowings crossing ₹1 lakh crore, perhaps for the first time in …

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes
10 months, 1 week ago

Karnataka Budget 2024 LIVE, key takeaways and highlights: Budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes

The Hindu  

February 16, 2024 09:37 am | Updated 03:12 pm IST Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented a revenue-deficit Karnataka Budget for 2024-25 on February 16 with a total outlay pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. With the deficit pegged at ₹27,354 crore, this is also perhaps the first …

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 …

Assam govt presents ₹774.47 crore deficit budget; no new taxes proposed
10 months, 1 week ago

Assam govt presents ₹774.47 crore deficit budget; no new taxes proposed

Hindustan Times  

With no new taxes proposed, Assam finance minister Ajanta Neog on Monday presented the state’s ₹774.47 cr deficit budget for 2024-25 financial year. Addressing the ongoing budget session, Neog mentioned that the total budget for the coming financial year will be ₹2.9 lakh crore. If we take into account the deficit of ₹2369.41 crore at the start of the financial …

Bhatti Presents Realistic TS Budget for Rs 2.75 Lakh Cr
10 months, 1 week 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 …

Top news of the day: February 05, 2024
10 months, 2 weeks ago

Top news of the day: February 05, 2024

The Hindu  

Parliament Budget Session | PM Modi says India will be third largest economy in his next term Prime Minister Narendra Modi on February 5 replied to the Motion of Thanks to the President’s address in the Lok Sabha during the Budget session. Jammu and Kashmir Interim Budget | Sitharaman proposes ₹1.18 lakh crore for 2024-25 Finance Minister Nirmala Sitharaman on …

Uttar Pradesh Finance Minister Suresh Kumar Khanna presents ₹7.36 lakh crore budget for FY-25 in State Assembly
10 months, 2 weeks ago

Uttar Pradesh Finance Minister Suresh Kumar Khanna presents ₹7.36 lakh crore budget for FY-25 in State Assembly

The Hindu  

Uttar Pradesh Finance Minister Suresh Kumar Khanna on February 5 presented the budget for financial year 2024-25 in the State Assembly with an outlay of ₹7.36 lakh crore, higher from current fiscal's budget of ₹6.90 lakh crore. The total outlay of ₹7,36,437.71 crore for the next fiscal includes new schemes worth ₹24,863.57 crore, the State Finance Minister said while presenting …

Interim Budget 2024 — in campaign mode
10 months, 3 weeks ago

Interim Budget 2024 — in campaign mode

The Hindu  

Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. That has been true of this year’s Interim Budget as well, which focused on all the “welfare” schemes, in areas varying from housing to food, which have been largely attributed to the Prime Minister. For example, …

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% …

How FM struck a fiscal chord: Story of Budget in nine charts
10 months, 3 weeks ago

How FM struck a fiscal chord: Story of Budget in nine charts

Live Mint  

The general elections are around the corner but finance minister Niramala Sitharaman, unlike her predecessor Piyush Goyal in 2019, chose fiscal prudence over any big-bang policy announcements meant to woo the voters. Robust tax collections have given the government room to extend the free foodgrain programme, hike LPG subsidy, and increase the allocation for the rural jobs scheme, all of …

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: How economy fared better than estimated, what this means for FY25
10 months, 3 weeks ago

Budget 2024: How economy fared better than estimated, what this means for FY25

Firstpost  

India’s economy continues to remain a bright spot. Also read: Big takeaways from Budget: What Nirmala Sitharaman said on taxes, economy, fiscal deficit What were the revised estimates for FY 2023-24? The revised estimate of the fiscal deficit is 5.8 per cent of GDP, improving on the Budget Estimate, notwithstanding moderation in the nominal growth estimates, Sitharaman said in her …

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: CII welcomes Indian government's push for infrastructure, Capex-led growth
10 months, 3 weeks ago

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth

Firstpost  

The Confederation of Indian Industry welcomed the Budget 2024 and the step by the Indian government step towards increasing capital expenditure by almost 11 per cent. In the Interim Budget 2024, the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore for financial year 2024-25. Our recommendation initially was a 5.4 per cent …

Budget 2024 | Road sector budget sees a nominal hike of 2.7%
10 months, 3 weeks ago

Budget 2024 | Road sector budget sees a nominal hike of 2.7%

The Hindu  

After a massive jump in allocation every consecutive year in the recent past, this year’s budgetary allocation for the road sector saw a measly 2.7% increase. The Interim Budget set aside ₹2,78,000 crore for the Ministry of Road Transport and Highways as compared to the ₹2,70,434 crore in the budget estimate for this fiscal. Of the total budgetary grant, ₹1,68,464 …

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, …

2024 Interim Budget | Net zero gain for job guarantee scheme
10 months, 3 weeks ago

2024 Interim Budget | Net zero gain for job guarantee scheme

The Hindu  

With allocation of ₹86,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme, the budget for the scheme for the financial year 2024-25 has been hiked by ₹26,000 crore in comparison to the 2023-24 Budget estimates, though it is the same as the revised estimates for the ongoing financial year. In the 2023 Budget, only ₹60,000 crore was allocated …

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 …

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