Budget 2024: Meagre hike in funds for minority affairs
5 months ago

Budget 2024: Meagre hike in funds for minority affairs

The Hindu  

The Ministry of Minority Affairs has seen a mere 2.7% increase, from funds allocated in the previous year’s Budget Estimate, for the financial year 2024-25 in the Union Budget presented on Tuesday. Live updates from the Union Budget 2024-25 on July 23, 2024 The BE for the coaching and allied schemes for minorities has been slashed from ₹30 crore in 2023-24 to ₹10 crore in 2024-25. The BE for Pre-Matric Scholarship for Minorities, which was ₹433 crore in 2023-24 and was revised to ₹400 crore, stays at ₹326.16 for the ongoing financial year. The BE for development of minorities in Northeast areas this year is ₹318.70 crore as against ₹309.70 crore in the last financial year which was later revised to ₹261.44 crore.

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History of this topic

State Revenue Collection: A Mixed Bag
1 month, 4 weeks ago

State Revenue Collection: A Mixed Bag

Deccan Chronicle  

The state government's revenue receipts have shown a mixed performance in the first half of the current fiscal year 2024-25. While tax revenue earnings have been impressive, non-tax revenue collections have been disappointing. The state has incurred a significant amount of loans and other liabilities, which has impacted its revenue inflows. Despite these challenges, the state has managed to achieve …

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 …

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 2024-25: Nepal, Sri Lanka, Seychelles get more funds under Budget allocation for MEA
5 months ago

Union Budget 2024-25: Nepal, Sri Lanka, Seychelles get more funds under Budget allocation for MEA

The Hindu  

India-funded projects in the neighbourhood received the bulk of the allocation for the Ministry of External Affairs under the Union Budget presented by Finance Minister Nirmala Sitharaman on Tuesday. Sri Lanka, which has a number of India-funded projects, has received ₹245 crore, an improvement of ₹95 crore over last year’s funding of ₹150 crore. Bhutan and India are close economic …

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 …

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 …

We mustn't spread India’s social sector spending too thin
10 months, 1 week ago

We mustn't spread India’s social sector spending too thin

Live Mint  

India unhesitatingly desires to grow" were the words echoed by our former finance minister, the late Arun Jaitley, when he presented the Narendra Modi government’s first Union budget a decade ago. Its focus was conspicuously on poverty reduction, increasing employment opportunities, equitable development and fighting these challenges under the government’s pet phrase for collective development, “Sab ka Saath, Sab ka …

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 …

Interim budget: ₹77 crore jump for Chandigarh PGIMER
10 months, 3 weeks ago

Interim budget: ₹77 crore jump for Chandigarh PGIMER

Hindustan Times  

The Postgraduate Institute of Medical Education and Research was allocated ₹2,200 crore in the interim budget, which is ₹77 crore more than last year’s revised budget estimates. The highest allocation of ₹350 crore was designated for the development of capital assets, against last year’s allocation of ₹343.10 crore. A budget allocation of ₹10 crore was made for the grant-in-aid mirroring …

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, …

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 | 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 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 …

Budgetary allocations for minorities see a hike in Telangana
1 year, 6 months ago

Budgetary allocations for minorities see a hike in Telangana

The Hindu  

Telangana’s Minorities Welfare Department saw an increase in budgetary allocations, a chunk of which was spent on education and educational schemes. However, there was a slight drop in allocations in FY 2019-2020, with ₹1,344 crore, but in the subsequent year, the allocation rose to ₹1,513.45 crore. FY 2016-17 marked the allocation towards the government’s flagship welfare scheme for minorities, the …

Key takeaways from Union Budget 2023-24 in charts
1 year, 10 months ago

Key takeaways from Union Budget 2023-24 in charts

The Hindu  

The government 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. Transfer to states/UTs Allocation to Ministries The Union Budget allocated a massive ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last …

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24
1 year, 10 months ago

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24

The Hindu  

If budget making is a complex task, interpreting the Union Budget can be hazardous given the amount of fine print that one has to pore over. Finance Minister Nirmala Sitharaman’s fifth Budget, and the current Bharatiya Janata Party-led government’s final full-fledged one before next year’s general election, ticks all the right boxes on the face of it. Terming it the …

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

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

The Hindu  

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

Budget 2023 | Changes in allocation for key schemes including MGNREGS, PM-Kisan, Ayushman Bharat
1 year, 10 months ago

Budget 2023 | Changes in allocation for key schemes including MGNREGS, PM-Kisan, Ayushman Bharat

The Hindu  

Finance Minister Nirmala Sitharaman on Wednesday, February 1, presented the last full budget of the Narendra Modi government before the 2024 general elections. Here’s a roundup of how the budgetary allocations for some of the key schemes have changed- MGNREGS: The government slashed the budget for its flagship rural employment scheme, the Mahatma Gandhi National Rural Employment Guarantee Scheme by …

Minority welfare funds slashed by 38%, says Shabbir
1 year, 10 months ago

Minority welfare funds slashed by 38%, says Shabbir

The Hindu  

February 01, 2023 07:30 pm | Updated February 02, 2023 07:43 am IST - HYDERABAD Former Minister and Mohammed Ali Shabbir has strongly condemned the BJP government at the Centre for slashing the funds for the welfare of minorities by over 38 per cent in the Union Budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on Wednesday. …

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

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

The Hindu  

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

Budget 2023 | 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 …

Marginal hike in funds for Home Ministry, allocation for Census slashed by half - The Hindu
1 year, 10 months ago

Marginal hike in funds for Home Ministry, allocation for Census slashed by half - The Hindu

The Hindu  

In an indication that the census exercise — meant to be completed in 2021, but delayed because of COVID-19 — may not be conducted in 2023-24, the Union Budget allocation for the Census Survey and Statistics head has been slashed to ₹1,565 crore from the ₹3,676 crore allocated in 2022-23. Overall, the Ministry of Home Affairs has been allocated ₹1.96 …

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

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

Hindustan Times  

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

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

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

The Hindu  

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

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 …

Budget 2023: 'PM Awas Yojana' allocation raised by 66% to provide houses to poor | All you need to know
1 year, 10 months ago

Budget 2023: 'PM Awas Yojana' allocation raised by 66% to provide houses to poor | All you need to know

India TV News  

Union Budget 2023: During her budget speech, Finance Minister Nirmala Sitharaman made a big announcement to provide affordable houses to the people of the country. Presenting the Union Budget for the fiscal year 2023-24, she said that the outlay for 'Prime Minister Awas Yojana' is being enhanced by 66% to over Rs. BUDGET 2023: FULL COVERAGE About Pradhan Mantri Awas …

Budget 2023 may peg gross borrowing under ₹16 trillion: Report
1 year, 10 months ago

Budget 2023 may peg gross borrowing under ₹16 trillion: Report

Live Mint  

India's federal government is likely to keep its gross market borrowing below ₹16 trillion for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The government has so far raised ₹12.93 trln up to Jan. 27, which is 91% of the overall gross borrowing target of ₹14.21 …

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal
1 year, 10 months ago

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal

The Hindu  

The Finance Ministry will move ahead with the already-announced and planned privatisation of State-owned companies in the next fiscal, and the chances of the new addition to that list of CPSEs in the Budget for 2023-24 is unlikely, sources said. Nangia Andersen LLP, Partner- Government and Public Sector Advisory, Suraj Nangia said: "The privatization process often takes time, depending on …

Govt to announce ₹40k crore towards PMAY in Union budget 2023: Report
1 year, 10 months ago

Govt to announce ₹40k crore towards PMAY in Union budget 2023: Report

Hindustan Times  

In Union budget 2023, which finance minister Nirmala Sitharaman will present in Lok Sabha on February 1, the Centre is likely to announce an outlay of ₹40,000 crore towards the Pradhan Mantri Awas Yojana, according to a report in HT's sister publication Live Hindustan. Representational Image As per the report, the Centre may give itself a target of 84 lakh …

How budget allocation for Ministry of Minority Affairs declined
1 year, 11 months ago

How budget allocation for Ministry of Minority Affairs declined

The Hindu  

Published : Jan 12, 2023 10:20 IST Between 2006 and 2013, the budget allocation for the Ministry of Minority Affairs increased rapidly, starting from Rs.144 crore, to touch Rs.3,531 crore. For 2014-15, the budget for the Ministry of Road Transport and Highways was Rs.33,048 crore; in 2022-23, it had grown to Rs.1,99,107.71 crore, an increase of more than 400 per …

India’s Budget: Foreign Policy Priorities
2 years, 9 months ago

India’s Budget: Foreign Policy Priorities

The Diplomat  

India’s budget for 2022-23, which was announced on February 1, envisages a total spending of $527.36 billion, of which $2.24 billion has been allocated for the MEA. India’s budget for 2022-2023 reveals an allocation of $26.74 million in development assistance to Afghanistan for the coming fiscal year, compared to $47 million that was allocated to Afghanistan under President Ashraf Ghani. …

Welfare schemes to get bigger pie in TS budget
2 years, 9 months ago

Welfare schemes to get bigger pie in TS budget

Deccan Chronicle  

HYDERABAD: With just three more days to go for the presentation of Budget 2022-23 in the Legislative Assembly on March 7, finance minister T. Harish Rao and department officials are giving final touches to present a ‘populist budget’ with more allocations to welfare schemes. Several welfare schemes are facing fund crunch and the state government wants to implement welfare schemes …

Uttarakhand CM presents ₹57,400 cr budget for FY22 with health, infra in focus
3 years, 9 months ago

Uttarakhand CM presents ₹57,400 cr budget for FY22 with health, infra in focus

Hindustan Times  

Uttarakhand Chief Minister Trivendra Singh Rawat on Thursday presented a ₹57,400.32 crore budget for 2021-22 in the Assembly here with emphasis on health, rural infrastructure, education, employment generation and agriculture. A provision of ₹245 crore has been made in the budget for payment of sugarcane prices besides that of ₹87.56 crore under Traditional Agricultural Development Scheme to double the farmers' …

Budget 2021: Centre allocates ₹73K cr to MGNREGA for next fiscal
3 years, 10 months ago

Budget 2021: Centre allocates ₹73K cr to MGNREGA for next fiscal

Live Mint  

The Centre has allocated ₹73,000 crore to the rural employment guarantee programme MGNREGA for the next fiscal 2021-22, substantially lower than the actual expenditure of ₹1.11 lakh crore in the current fiscal which included an additional ₹40,000 crore for the scheme given by the government in the wake of the pandemic's impact on the economy. As per a detailed financial …

This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
3 years, 10 months ago

This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy

Firstpost  

When all that the Opposition can muster to criticise the Union budget is a from the 1980s or a meaningless bombast, it is evident that Nirmala Sitharaman has nailed the political messaging. This is by no measure a 1991-style pathbreaking budget but with its massive, forensic focus on infrastructure, major hike in capital expenditure with a lower-than expected fiscal deficit, …

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