Economy better placed, other rural spends hiked: Finance Secretary on MGNREGS Budget dip
1 year, 10 months ago

Economy better placed, other rural spends hiked: Finance Secretary on MGNREGS Budget dip

The Hindu  

Union Finance Secretary T.V. Somanathan on Thursday defended the reduction in Budget 2023-24 allocation for the Mahatma Gandhi National Rural Employment Guarantee Scheme, stressing that the economy was in a better shape and there had been an enhancement in rural outlays under other schemes which would generate similar work opportunities. The Union Budget presented on Wednesday allocated ₹60,000 crore for the MGNREGS in 2023-24, 18% below the current year’s Budget Estimates and almost 33% lower than the Revised Estimates of ₹89,000 crore. So roughly ₹40,000 crore extra is going through these sources into the rural areas through the Central government’s own programmes,” he pointed out, noting these spends would “obviously have some effect” on demand for MGNREGS work as they would be for the same type of people with similar type of jobs. Since the MGNREGS is a demand-driven scheme, the Finance Secretary said that Budget allocations would be revised upwards during the year if there was a higher demand.

Finance Budget Demand Crore Scheme Somanathan Finance Secretary Mgnregs  secretary  hiked  demand  yojana  dip  mgnregs  somanathan  rural  placed  budget  reduction  finance  crore  revised  spends  economy  scheme

History of this topic

MGNREGS demand declines elsewhere, rises in Maharashtra, Arunachal Pradesh
1 week, 6 days ago

MGNREGS demand declines elsewhere, rises in Maharashtra, Arunachal Pradesh

Hindustan Times  

NEW DELHI: At a time when the demand for jobs under Mahatma Gandhi National Rural Employment Guarantee Scheme is seeing a decline in India on a year-on-year basis since 2020-21, there has been an increase in demand for MGNREGS jobs in two states, Maharashtra and Arunachal Pradesh, according to data collated by the ministry of rural development. Collector, Nayagarh visiting …

MGNREGS funding likely to remain unchanged in FY26 amid rural recovery
4 weeks ago

MGNREGS funding likely to remain unchanged in FY26 amid rural recovery

Live Mint  

New Delhi: The Mahatma Gandhi National Rural Employment Guarantee Scheme, a vital safety net for the rural poor, is unlikely to receive increased funding in the FY26 budget. Allocations are likely to remain at FY25 levels, reflecting the government’s confidence in a recovering rural economy, two people aware of the matter said. Steady funding In contrast, FY25 funding has remained …

‘We got funds, plans, we’ll have world-class capital in next three years’
4 weeks, 1 day ago

‘We got funds, plans, we’ll have world-class capital in next three years’

New Indian Express  

NRI-turned-politician Dr Pemmasani Chandrasekhar made it to the Union Cabinet after his successful political debut in the 2024 elections as the TDP MP from Guntur. A native of Guntur district, Dr Pemmasani is a doctor and entrepreneur who gained national attention by becoming the richest minister in the Union Cabinet. In an interview with Bandhavi Annam, Union Minister of State …

AP Budget highly deceptive: YSRC
1 month, 1 week ago

AP Budget highly deceptive: YSRC

Deccan Chronicle  

Vijayawada: The YSRC has criticised the state Budget for 2024-25 as "highly deceptive," claiming it lacks proper allocations to fulfill its grand promises. Although the total outlay of ₹2.95 lakh crore for the year represents an increase of ₹41,000 crore over the previous year's budget, Rajendranath questioned where the funds would come from to fulfill the much-publicized Super Six schemes. …

'Double engine' of private investment, mass consumption derailed under Modi government: Congress
1 month, 2 weeks ago

'Double engine' of private investment, mass consumption derailed under Modi government: Congress

New Indian Express  

Congress general secretary in-charge communications Jairam Ramesh urged the government to accept what the Congress has been proposing - raising MGNREGA wages to a minimum of Rs.400 per day, guaranteeing MSP and a loan waiver for farmers, and a monthly income support scheme for women - to kickstart income growth in rural India. Last week, several CEOs from India Inc …

PMAY-G Expansion: Union Minister Highlights Initiatives for Rural Housing
2 months ago

PMAY-G Expansion: Union Minister Highlights Initiatives for Rural Housing

The Hindu  

Union Minister of State for Rural Development Pemmasani Chandra Sekhar launches a two-day workshop on rural housing in Guntur. The workshop aims to provide training and capacity building to State government officials and beneficiaries of the Pradhan Mantri Awas Yojana-Gramin (PMAY-G). The workshop will cover various aspects of the PMAY-G scheme, including application process, eligibility criteria, and implementation updates. The …

MGNREGA 'living monument' of PM Modi's betrayal of rural India: Kharge
4 months ago

MGNREGA 'living monument' of PM Modi's betrayal of rural India: Kharge

New Indian Express  

NEW DELHI: Congress president Mallikarjun Kharge on Friday slammed the Centre over its handling of the MGNREGA, alleging that the present state of the scheme is "a living monument of Prime Minister Narendra Modi's "betrayal" of rural India. Kharge recalled that in 2005, on this day, the then Congress-led UPA government enacted the Mahatma Gandhi National Rural Employment Guarantee Act …

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 …

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

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

Deccan Chronicle  

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

Budget 2024 creates a template for reforms in Modi 3.0
4 months, 4 weeks 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 …

For the social sector, it is old wine in an old bottle
5 months ago

For the social sector, it is old wine in an old bottle

The Hindu  

Budget 2024 is no different from previous years as far as allocations for the social sector are concerned. The Economic Survey has a chapter called ‘Social Sector: Benefits that Empower’, which states, “India’s high and sustained economic growth in recent years is being accompanied by social and institutional progress, underpinned by transformational and effective implementation of Government programmes with an …

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 …

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 …

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

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

The Hindu  

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

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 …

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister
5 months ago

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister

The Hindu  

Kerala Finance Minister K. N. Balagopal on July 23 slammed the 2024-25 Union Budget, calling it a “gimmick” and a “political exercise” solely intended to protect the interests of the BJP-led NDA government. “While the BJP opened its account in Kerala, Kerala’s account has been closed,” Mr. Balagopal remarked, in an apparent reference to the BJP candidate Suresh Gopi’s win …

Budget: FM announces ₹10 lakh crore for urban housing scheme
5 months ago

Budget: FM announces ₹10 lakh crore for urban housing scheme

Hindustan Times  

New Delhi: A transit-oriented development framework for 14 large Indian cities, dormitory-type rental housing for industrial workers, and 10 million new houses for the urban poor were announced by Union finance minister Nirmala Sitharaman in her budget speech on Tuesday. Finance minister Nirmala Sitharaman presented the Union Budget 2024 on Tuesday In her record seventh budget presentation and the first …

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 …

Hostel initiative, Rs 3 lakh crore for girl-centric schemes, and more: How Budget 2024 provides a boost to women
5 months ago

Hostel initiative, Rs 3 lakh crore for girl-centric schemes, and more: How Budget 2024 provides a boost to women

Firstpost  

Finance Minister Nirmala Sitharaman’s seventh straight budget, announced on Tuesday, focused on four areas: the poor, women, youth and farmers. To promote women’s participation in the workforce, the finance minister said the Centre would also set up working women hostels and crèches Union Finance Minister Nirmala Sitharaman presents the Union Budget 2024-25 in Lok Sabha, in New Delhi, Tuesday, July …

Budget 2024: Govt to connect 25,000 more villages in phase 4 of rural roads scheme
5 months ago

Budget 2024: Govt to connect 25,000 more villages in phase 4 of rural roads scheme

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman said in her budget speech on Tuesday that the government would look to improve all-weather connectivity to 25,000 rural habitations by launching phase 4 of the Pradhan Mantri Grameen Sadak Yojana, which aims to link India’s hinterland with major economic centres. The government is expected to expand the definition of “rural habitations” in phase …

Union Budget 2024: From farming, skilling to infrastructure, Sitharaman lists out nine priorities of Modi 3.0
5 months ago

Union Budget 2024: From farming, skilling to infrastructure, Sitharaman lists out nine priorities of Modi 3.0

India TV News  

Union Finance Minister Nirmala Sitharaman on Tuesday listed the 7 priorities of the government in Budget 2024-25. Here are the government's seven priorities in the Union Budget 2024-25: Priority 1 in Budget -Productivity and Resilience in Agri Raising Productivity and Climate Resilient Varieties Thrust on Natural Farming: 2 crore farmers to be supported in next 2 years Atma Nirbharta in …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

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 …

MGNREGS demand not a real indicator of rural distress: Economic Survey
5 months ago

MGNREGS demand not a real indicator of rural distress: Economic Survey

The Hindu  

Laying the groundwork for revisiting the Mahatma Gandhi Rural Employment Guarantee Scheme as a poverty alleviation tool, Chief Economic Adviser V. Anantha Nageswaran on July 22 noted in the Economic Survey that demand under the scheme was not a “real indicator” of rural distress. According to the survey, while Tamil Nadu has less than 1% of the poor population in …

Govt said to plan raise in rural housing subsidies by 50% after election setback
5 months, 2 weeks ago

Govt said to plan raise in rural housing subsidies by 50% after election setback

The Hindu  

India plans to increase state subsidies on rural housing in the upcoming Union Budget by as much as 50% from the previous year to more than $6.5 billion, after setbacks for the Bharatiya Janata Party in elections, two government sources said. The planned hike in housing subsidies is part of a broader government initiative to boost spending on rural infrastructure …

Odisha CM Majhi to present first budget in June assembly session
6 months ago

Odisha CM Majhi to present first budget in June assembly session

New Indian Express  

BHUBANESWAR: With the BJP government going into functional mode, Chief Minister Mohan Charan Majhi is set to present his first budget in the Assembly session which is likely to be convened in the last week of June. The saffron party sources said the first budget of the Majhi government will be a departure from the existing system of freebies and …

Rise in demand for MGNREGS a ‘living monument’ of govt. failure, says Jairam Ramesh
8 months, 3 weeks ago

Rise in demand for MGNREGS a ‘living monument’ of govt. failure, says Jairam Ramesh

The Hindu  

Reacting to the latest statistics of the flagship rural employment guarantee scheme showing that demand for work is more than the pre-pandemic level and on a steady rise, Congress general secretary Jairam Ramesh said it is a “living monument” to the Narendra Modi government’s many failures. In a detailed statement here, Mr. Ramesh pointed out that the Mahatma Gandhi National …

Revised MGNREGS wage rates below Rs 400 a day as promised by Congress: Rahul
8 months, 3 weeks ago

Revised MGNREGS wage rates below Rs 400 a day as promised by Congress: Rahul

New Indian Express  

NEW DELHI: The Congress slammed the Narendra Modi government on Thursday after it notified the revised MGNREGS wages for 2024-25, saying the daily wage rates in all states are well below the Rs 400 a day promised by the opposition party under its "Shramik NYAY" guarantees. Leaving aside the issue of whether this violates the spirit of the Model Code …

T.N. Budget 2024 | ‘Tholkudi’ to upgrade basic amenities in tribal habitations with ₹1,000 crore
10 months ago

T.N. Budget 2024 | ‘Tholkudi’ to upgrade basic amenities in tribal habitations with ₹1,000 crore

The Hindu  

The Tamil Nadu government on Monday announced the ‘Tholkudi’ scheme, aimed at upgrading the amenities in tribal habitations and improving the living standards on an outlay of ₹1,000 crore. He said the Iyothee Thass Pandithar Habitation Development Scheme would be implemented at a cost of ₹230 crore in the next year to create amenities and bring about a holistic socio-economic …

Low budgetary allocation crippling MGNREGS, says Parliamentary panel
10 months, 2 weeks ago

Low budgetary allocation crippling MGNREGS, says Parliamentary panel

The Hindu  

A reduced budget at the outset of the financial year for the Mahatma Gandhi National Rural Employment Guarantee Scheme has a “cascading effect on various important aspects” of the programme and a telling impact on its progress, the Parliamentary Standing Committee on Rural Development said in its report tabled on Thursday. ‘Cascading effect’ The committee pointed out that the budgetary …

Wages under MGNREGA 'inadequate', 'not in consonance' rising cost of living: Parliamentary panel
10 months, 2 weeks ago

Wages under MGNREGA 'inadequate', 'not in consonance' rising cost of living: Parliamentary panel

New Indian Express  

NEW DELHI: The daily wages paid under the flagship rural employment scheme, the Mahatma Gandhi National Rural Employment Guarantee Scheme, are inadequate and not in consonance with the rising cost of living, a parliamentary panel told the government on Thursday. "The committee finds the range of wages vary from as little as Rs 221 in Madhya Pradesh and Chhattisgarh, Rs …

No cuts in Interim Budget allocations: Nirmala
10 months, 2 weeks ago

No cuts in Interim Budget allocations: Nirmala

Deccan Chronicle  

New Delhi: Exuding confidence in India’s economic growth, Union finance minister Nirmala Sitharaman on Wednesday said that all the allocations have not been cut under any head in the interim Budget for 2024-25, rather it has either remained the same or gone up in FY25 Budget in the flagship schemes. Meanwhile, the Lok Sabha also passed the Rs 47.66-lakh-crore interim …

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, …

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 …

2024 Interm Budget | Allocations for Social Justice and Tribal Affairs Ministries see a marginal increase
10 months, 3 weeks ago

2024 Interm Budget | Allocations for Social Justice and Tribal Affairs Ministries see a marginal increase

The Hindu  

The Estimates presented by Finance Minister Nirmala Sitharaman for financial year 2024-25 on February 1 left the budgets for Social Justice and Tribal Affairs Ministries largely unchanged with marginal increases seen in the estimated allocations for both ministries compared to the FY 2023-24 Budget Estimates. While ₹14,225 crore has been set aside for the Ministry of Social Justice and Empowerment, …

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, …

Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security
10 months, 3 weeks ago

Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security

The Hindu  

At a time when the Centre is drawing flak over unemployment among educated youth, the Interim Budget 2024-25 decreased allocations to the Labour Ministry on Thursday. The Atmanirbhar Bharat Rojgar Yojana, a pet scheme of the Narendra Modi government, which had an allocation of ₹2,272 crore in the last Budget has got just ₹150 crore in the Interim Budget. The …

Budget 2024: Spending on rural development increases marginally, but not all schemes benefit | Data
10 months, 3 weeks ago

Budget 2024: Spending on rural development increases marginally, but not all schemes benefit | Data

The Hindu  

February 01, 2024 05:44 pm | Updated 06:58 pm IST In FY25, the government is expected to spend ₹2,65,808 crore on rural development. For instance, in absolute terms, the government is expected to spend ₹86,000 crore in FY25 on the Mahatma Gandhi National Rural Employment Guarantee Act, the same amount when compared with FY24 revised estimates. In FY25, the government …

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 …

​Budget 2024: New housing scheme to be introduced for middle class
10 months, 3 weeks ago

​Budget 2024: New housing scheme to be introduced for middle class

Op India  

Union Finance Minister Nirmala Sitharaman on Thursday presented the 5th and last budget of the Modi government 2.0. One of the key takeaways of Budget 2024 is the consistency in the extension of housing scheme benefits for the rural population and the middle class. “Two crore more houses will be taken up in the next 5 years to meet the …

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech
10 months, 3 weeks ago

Housing scheme to be launched for deserving middle class: Sitharaman in Budget speech

The Hindu  

Giving a boost to affordable housing, the government on Thursday announced a new scheme to help “deserving” sections of the middle class buy or build their own houses. Union Finance Minister Nirmala Sitharaman also gave a push to rural housing and said two crore more houses would be made under the flagship Pradhan Mantri Awas Yojana -Rural. Ms. Sitharaman said …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
10 months, 3 weeks ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years
10 months, 3 weeks ago

Rural Housing scheme - Budget 2024: Nirmala Sitharaman highlights progress toward 3 crore rural houses, plans for additional 2 crore in next five years

The Hindu  

The country is close to achieving the target of 3 crore houses under the rural housing scheme and two crore more will be constructed in the next five years, Union Finance Minister Nirmala Sitharaman said on Thursday, February 1, 2024. Earlier this month, Prime Minister Narendra Modi released the first instalment of ₹540 crore to one lakh beneficiaries of a …

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens
10 months, 3 weeks ago

Budget 2024: Nirmala Sitharaman announces new housing scheme for middle class citizens

India TV News  

In her last Budget announcement before the Lok Sabha elections for 2024, Finance Minister Nirmala Sitharaman outlined various housing schemes. "Our government will launch a scheme to help deserving sections of the middle class “living in rented houses, or slums, or chawls and unauthorised colonies” to buy or build their own houses," she said in her budget speech. Image Source …

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 …

Union Budget 2024 to focus on 5 key social sections
11 months, 1 week ago

Union Budget 2024 to focus on 5 key social sections

Hindustan Times  

Budget 2024: Union finance minister Nirmala Sitharaman’s pre-election budget is set to focus on welfare schemes for five key sections of society—women, poor, youth, farmers and tribals—as the Bharatiya Janata Party -led National Democratic Alliance aims a third term in office on the back of Prime Minister Narendra Modi’s promise of inclusive growth. Accordingly, allocations for existing schemes for these …

India’s fiscal deficit may breach 5.9% of GDP target: India Ratings and Research
11 months, 3 weeks ago

India’s fiscal deficit may breach 5.9% of GDP target: India Ratings and Research

The Hindu  

India’s fiscal deficit may breach the 5.9% of GDP target for this year and could hit 6%, even though tax collections have been buoyant and may offset a wide shortfall in disinvestment outcomes, due to the likelihood of revenue spending exceeding the Budget Estimate by about ₹2 lakh crore, India Ratings and Research said on December 26. The Centre has …

LS Gives Nod for Additional Cash Outgo of Rs 58,378 Crore
1 year ago

LS Gives Nod for Additional Cash Outgo of Rs 58,378 Crore

Deccan Chronicle  

New Delhi: Keeping fiscal prudence of the government in mind, the Lok Sabha on Tuesday approved a net additional outgo of Rs 58,378 crore in the current fiscal ending March 2024, while the gross additional spending sought by the government was over Rs 1.29 lakh crore, of which Rs 70,968 crore would be matched by savings and receipts. For the …

T.N. CM Stalin urges Centre to release funds for MGNREGS
1 year, 1 month ago

T.N. CM Stalin urges Centre to release funds for MGNREGS

The Hindu  

Tamil Nadu Chief Minister M.K. “Thus, as of October 20, 2023, the wage liability for the workers Tamil Nadu has accumulated to ₹2,696.77 crore,” Mr. Stalin said in his letter. Livelihood for many in rural parts The MGNREGS is considered as an important livelihood opportunity in rural areas for many, including elderly people, destitute women, women-headed households, workers with disabilities, …

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