Defence Budget: Amid LAC Rift, FM Nirmala Sitharaman Augments Defence Capital Expenditure By 19%
3 years, 10 months ago

Defence Budget: Amid LAC Rift, FM Nirmala Sitharaman Augments Defence Capital Expenditure By 19%

ABP News  

At a time when India is engaged in a prolonged border tiff with China near Line of Actual Control in eastern Ladakh, Union Finance Minister Nirmala Sitharaman has allocated Rs 4.78 lakh crores for the defence ministry. Reacting to this, Defence Minister Rajnath Singh thanked Prime Minister Narendra Modi and Sitharaman for increasing the defence budget. Praising the budget, the minister said that it has been based on six pillars of good governance "I specially thank PM& FM for increasing the defence budget to 4.78 lakh cr for FY21-22 which includes capital expenditure worth Rs 1.35 lakh crore. It is pertinent to mention that India is way behind in expenditure on defence in comparison to the neighbouring China, which has spent $261.1 billion on defence budget 2014-2019 while India spent only $71.1 billion.

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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 …

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus
3 months ago

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus

Live Mint  

India's Finance Ministry is set to begin preparations for the 2025-26 annual budget in October, as the country's economy continues its strong performance, maintaining a 7% growth rate for the fourth consecutive year, PTI reported. The upcoming budget is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand, as per …

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: 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 …

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 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 …

Rahul Gandhi slams Nirmala Sitharaman's Budget: 'To appease...'
5 months ago

Rahul Gandhi slams Nirmala Sitharaman's Budget: 'To appease...'

Hindustan Times  

Leader of Opposition Rahul Gandhi on Tuesday slammed finance minister Nirmala Sitharaman's Union Budget, saying it was aimed at appeasing the BJP's allies and "cronies". The Congress leader described the document as the "Kursi Bachao" Budget and alleged that it was copied from the Congress party's Lok Sabha polls manifesto. Congress leader Jairam Ramesh said the employment scheme was "designed …

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: FM Nirmala Sitharaman lays out nine priorities of the Modi govt
5 months ago

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt

Op India  

Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, outlined key priorities aimed at fostering economic growth and creating ample opportunities. She listed productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms as nine priority areas …

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital
5 months ago

Budget: FM announces ₹15,000 cr for development of Andhra Pradesh’s new capital

Hindustan Times  

Hyderabad: Union finance minister Nirmala Sitaraman on Tuesday presented her seventh Union Budget, announcing Rs.15,000 cr for Andhra Pradesh’s new capital Amaravati. Finance minister Nirmala Sitharaman with Union Budget portfolio The FM said that the government will ensure all efforts to fulfil the commitments in the Andhra Pradesh Reorganisation Act. Describing it as a lifeline of Andhra Pradesh, Sitharaman said …

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months ago

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance

Live Mint  

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in Parliament today, July 23, 2024, at 11:00 a.m. Minutes before the unveiling of the Union Budget, Shiv Sena MP Priyanka Chaturvedi told ANI, “I hope Nirmala Sitharaman ji will provide some relief from rising inflation and unemployment and the government will talk about 'Jan ki …

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 …

Nirmala Sitharaman to beat Morarji Desai’s record of presenting highest number of budgets
5 months ago

Nirmala Sitharaman to beat Morarji Desai’s record of presenting highest number of budgets

Hindustan Times  

Union finance minister Nirmala Sitharaman will create a record of presenting the highest number of Union budgets on Tuesday when she presents her seventh budget in Parliament, beating former finance minister Morarji Desai’s record of six. The data available with the Lok Sabha secretariat shows that there have been instances when the Prime Minister and not the finance minister presented …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

UPA govt ignored national security, environment: FM
10 months, 2 weeks ago

UPA govt ignored national security, environment: FM

New Indian Express  

NEW DELHI: During the discussion on white paper in the Lower House of Parliament, finance minister Nirmala Sitharaman on Friday said it is a serious document with the documentary evidence for everything that is said in it. She said in 2015-16, Prime Minister Narendra Modi in a media interview had said he had a lot of suggestions coming in to …

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman
10 months, 2 weeks ago

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman

News 18  

To bring down the debt burden, the government has taken various measures like increasing the tax revenue buoyancy, enhancing the public expenditure effectiveness, commitment to reducing fiscal deficit and augmenting the productive efficiency, Finance Minister Nirmala Sitharaman said on Monday. The government’s emphasis on increasing capital expenditure will not only boost the investments, but also return a higher GDP growth …

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, …

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, …

Govt committed to increase milk and dairy production in country: Sitharaman in interim Budget
10 months, 3 weeks ago

Govt committed to increase milk and dairy production in country: Sitharaman in interim Budget

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman on Thursday presented the interim Budget and announced plans to increase milk and dairy production in the country. The programme will be built on the success of existing schemes such as Rashtriya Gokul Mission, National Livestock Mission, and Infrastructure Development Funds for dairy processing and animal husbandry," she said in her Budget speech. …

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 …

Nirmala Sitharaman to present pre-election Budget: Here're key numbers to be watched
10 months, 3 weeks ago

Nirmala Sitharaman to present pre-election Budget: Here're key numbers to be watched

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman is set to present the interim Budget, highlighting the achievements of the Modi government over the past 10 years and providing insights into future plans to transform India into a developed nation by 2047. Here are the key numbers to watch for in pre-election Budget 2024-25: Fiscal Deficit: The projected fiscal deficit for the …

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 …

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 …

Nirmala Sitharaman to become the second Finance Minister to present the Union Budget six times in a row
10 months, 4 weeks ago

Nirmala Sitharaman to become the second Finance Minister to present the Union Budget six times in a row

The Hindu  

Finance Minister Nirmala Sitharaman will set a record by presenting the sixth Budget in a row -- five annual Budgets and one interim -- a feat achieved so far only by former Prime Minister Morarji Desai. With the presentation of interim Budget on February 1, Ms. Sitharaman will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P. …

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, …

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 …

Fund allocation for rural jobs as per demand: Nirmala Sitharaman
1 year, 10 months ago

Fund allocation for rural jobs as per demand: Nirmala Sitharaman

Live Mint  

New Delhi: There is no reduction in fund allocation for Mahatma Gandhi National Rural Employment Guarantee scheme in the Union Budget 2023, and the provision may increase with growing demand, Finance Minister Nirmala Sitharaman said on Friday. As and when demand increases, provision for more fund is being made," said the finance minister at a post budget interaction with stakeholders …

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 …

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS
1 year, 10 months ago

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS

India TV News  

Parliament Budget Session: Finance Minister Nirmala Sitharaman on Friday hailed the government's economic policies during the reply to the Budget 2023 debate in Lok Sabha. "If I can put in a few words the essence of budget 2023-24- it balances the requirement for India's development imperatives within the limits of fiscal prudence," said Sitharaman. Sitharaman said the new tax regime …

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, …

Defence Ministry says increased budget allocation will boost border infrastructure and connectivity
1 year, 10 months ago

Defence Ministry says increased budget allocation will boost border infrastructure and connectivity

Firstpost  

New Delhi: With India facing up to a belligerent China along the Line of Actual Control, the Indian government has initiated a slew of development projects at the Himalayan frontiers. Even as Union Finance Minister Nirmala Sitharaman announced a big hike of around 13% in the defence budget for the 2023-24 fiscal period, a significant amount was also devoted to …

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 …

Union Budget 2023: Read Nirmala Sitharaman's full speech here
1 year, 10 months ago

Union Budget 2023: Read Nirmala Sitharaman's full speech here

Hindustan Times  

Union finance minister Nirmala Sitharaman presented the Union Budget 2023-24 in the Parliament on Wednesday. I propose to provide enhanced limits of ` 3 crore and ` 75 lakh respectively, to the tax payers whose cash receipts are no more than 5 per cent. It is proposed to make amendments relating to exemption provided to charitable trusts and institution to …

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: Capital outlay for railways pegged at Rs 2.40 lakh cr, highest ever
1 year, 10 months ago

Budget: Capital outlay for railways pegged at Rs 2.40 lakh cr, highest ever

Deccan Chronicle  

New Delhi: The government proposed a capital outlay of about Rs 2.40 lakh crore for railways, said Union finance minister Nirmala Sitharaman on Monday while presenting the Union Budget 2023-24 in Lok Sabha. Overall, the government proposed to increase capital expenditure outlay by 33 per cent to Rs 10 lakh crore in 2023-24, which would be 3.3 per cent of …

FM lists 7 Budget priorities: Tax slab changes; middle class focus; Rlys boost
1 year, 10 months ago

FM lists 7 Budget priorities: Tax slab changes; middle class focus; Rlys boost

Deccan Chronicle  

New Delhi: Putting more money in the hands of the middle class as well as salaried individuals to boost taxpayers in India, finance minister Nirmala Sitharaman on Wednesday announced her Budget 2023-24, saying that the Indian economy was on the right path and heading towards a bright future as economic growth is estimated at nearly seven per cent, the highest …

Sitharaman outlines 7 priorities of Budget 2023, calls them 'Saptrishi'
1 year, 10 months ago

Sitharaman outlines 7 priorities of Budget 2023, calls them 'Saptrishi'

Hindustan Times  

As finance minister Nirmala Sitharaman started her Budget 2023 speech on Wednesday in Parliament, she outlined the seven priorities of Budget 2023 and called them the 'Saptrishi'. Nirmala Sitharaman said Budget 2023 is aimed at the economic empowerment of women and job generation for the youth. Sitharaman outlines 7 priorities of Budget 2023, calls them 'Saptrishi' Budget 2023: Follow LIVE …

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