Defence Budget 2021: Increased capital expenditure much-needed step in context of rising Chinese threat
3 years, 10 months ago

Defence Budget 2021: Increased capital expenditure much-needed step in context of rising Chinese threat

Firstpost  

While the defence Budget presented on Monday reflected only a minor hike in allocation, a reflection of the heightened tensions along the Line of Actual Control could be seen in unbudgeted spending and an increased push towards capital expenditure. In a tweet, Defence Minister Rajnath Singh thanked Prime Minister Narendra Modi and Sitharaman for increasing the defence Budget to Rs 4,78,195 crore, and said the nearly 19 percent hike in the capital expenditure is the “highest ever” increase in the last 15 years. 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. An article in India Today quotes Laxman Kumar Behera, associate professor, Special Centre for National Security Studies at the Jawaharlal Nehru University, as saying, “This is the first time that the Ministry of Defence’s budget is driven by capital expenditure which was not the case earlier.” In a similar vein, former Chief of Army Staff Gen V P Malik tweeted, “Nearly 20 percent increase in Capital Defence Budget is positive. Out of total allocation in the defence Budget, Rs 1.35 lakh crore has been set aside for capital outlay to purchase new weapons, aircraft, warships and other military hardware.

India China Defence Budget Capital Crore Increase Defence Budget Expenditure Capital Expenditure Capital Outlay  context  increased  muchneeded  step  military  defence  threat  rs  increase  chinese  capital  rising  budget  expenditure  outlay  crore  lakh

History of this topic

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report
27 minutes ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report

Live Mint  

New Delhi, Dec 25 The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5 per cent of the GDP in FY26, a finance ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
3 weeks, 1 day 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 …

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 …

India's Defence Production Hits ₹1.27 Lakh Cr
2 months, 4 weeks ago

India's Defence Production Hits ₹1.27 Lakh Cr

Deccan Chronicle  

New Delhi:India's defence production reached a record high of ₹1.27 lakh crore in 2023-24, with exports of military hardware and weapons to over 90 countries, defence minister Rajnath Singh announced on Wednesday. The 'Make in India' programme, introduced under Prime Minister Narendra Modi’s leadership, has driven significant reforms across sectors, particularly in defence, according to Singh. He highlighted the country's …

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 …

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 …

India to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?
5 months ago

India to spend 12.9% of Budget 2024 on defence. But how does it stack up against China?

Firstpost  

The Centre has allocated Rs 6.21 lakh crore from the Union Budget to defence spending – up from 5.94 lakh crore in 2023. The defence ministry has kept aside Rs 1.05 lakh crore – 75 per cent of the modernisation budget – to buy from Indian firms. The Centre also increased the defence pension budget to Rs 1.41 lakh crore …

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: 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 …

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 …

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 …

2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation
10 months, 3 weeks ago

2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation

The Hindu  

In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. The allocation of ₹6.2 lakh crore is 4.72% …

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

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

ABP News  

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

Key takeaways from interim Budget 2024-25 in charts
10 months, 3 weeks ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

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: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
10 months, 3 weeks ago

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore

News 18  

Ensuring more power to infrastructure development for economic growth and employment creation, a large sum of Rs 11,11,111 crore has been set aside as the capital expenditure outlay in the interim budget 2024. “Building on the massive tripling of the capital expenditure outlay in the last four years, resulting in a huge multiplier impact on economic growth and employment creation, …

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

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

India TV News  

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

Budget may focus on welfare, infra, adhere to fisc glide path
10 months, 3 weeks ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

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 …

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

Parliament panel for enhancing Army\'s capital budget

Deccan Chronicle  

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

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

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

The Independent  

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

China readying for Taiwan takeover? Xi hikes defence budget for 8th year in a row
1 year, 9 months ago

China readying for Taiwan takeover? Xi hikes defence budget for 8th year in a row

Firstpost  

China has increased its defence budget to 1.55 trillion yuan this year, up from 1.45 trillion yuan last year Beijing: Amid ongoing tensions with the US and the European nations, the latest being Germany’s threats against providing weapons to Russia against Ukraine, China has increased its defence budget for the eighth straight year. China has hiked its defence budget by …

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 …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

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

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

Deccan Chronicle  

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

TS govt\'s 10 budgets in last 9 years: Targets met only twice
1 year, 10 months ago

TS govt\'s 10 budgets in last 9 years: Targets met only twice

Deccan Chronicle  

Hyderabad: The BRS government has presented 10 budgets in the Telangana Legislative Assembly since the formation of the state in 2014 with the Budgetary allocations increasing year after year. The TRS government presented the 2014-15 budget with a total outlay of Rs 1,00,637 crore; the revised estimates were also the same; however, the actual spending was only Rs 62,306 crore, …

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

Defence Budget 2023-24: Neither Here nor There

The Quint  

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

How Union Budget 2023-24 captures the true essence of Amrit Kaal
1 year, 10 months ago

How Union Budget 2023-24 captures the true essence of Amrit Kaal

Firstpost  

PM Modi questioned the obsolete way of running an economy, ushered in a digital revolution in India and has showcased to the world that India from being among the “fragile five”, is today the world’s fifth largest economy in terms of nominal GDP “The first lesson of economics is scarcity. India’s rising global profile is due to several accomplishments under …

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, …

A balance between capital outlays and fiscal prudence
1 year, 10 months ago

A balance between capital outlays and fiscal prudence

The Hindu  

The Budget comes at a time when the government faces a delicate balancing act between expenditure priorities and the need for fiscal prudence as it is the last full Budget before the general elections. There are five issues that need to be analysed in this Budget — three from a growth and fiscal stability perspective and two from a welfare …

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 …

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 …

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap
1 year, 10 months ago

Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

The Hindu  

The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. Finance Minister Nirmala Sitharaman while presenting the Budget on February 1 said the net market borrowings from dated securities are estimated at ₹11.8 lakh crore to finance the fiscal deficit in 2023-24. The gross market …

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

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

ABP News  

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

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways
1 year, 10 months ago

Budget 2023 | Highest-ever capital outlay of ₹2.4 lakh crore for Railways

The Hindu  

The Union Budget has proposed a record budgetary allocation of ₹2.40 lakh crore for the Indian Railways on February 1. Overall, the government proposed to increase capital expenditure outlay by 33% to ₹10 lakh crore in 2023-24, which would be 3.3% of the GDP, said Ms. Sitharaman. With the substantial increase, it is central to government’s efforts to enhance growth …

If You Want Money, Then Cut Down on Defence Expenses, IMF Tells Pakistan Over Stalled Loan Plan
1 year, 10 months ago

If You Want Money, Then Cut Down on Defence Expenses, IMF Tells Pakistan Over Stalled Loan Plan

News 18  

With the International Monetary Fund and Pakistan facing a deadlock over key issues, the international creditor has told the Shehbaz Sharif government to cut down its defence expenses to resume a stalled loan programme. The defence personnel yearly pension expenditure is over Rs 400 billion, which has been shown as civil expenditure in the budget since the government of General …

Upcoming budget to accelerate Make in India momentum in defence sector
1 year, 10 months ago

Upcoming budget to accelerate Make in India momentum in defence sector

India TV News  

With the Union Budget for 2023 set to be announced soon, there is a lot of anticipation about whether it will provide the necessary impetus to speed up the momentum for Make in India in defence. BUDGET 2023: FULL COVERAGE One of the main challenges facing the defence sector in India is the lack of a robust domestic defence industry. …

Kamal Davar | More bangs for the buck: What FM must ensure for the military
1 year, 10 months ago

Kamal Davar | More bangs for the buck: What FM must ensure for the military

Deccan Chronicle  

On February 1, Union finance minister Nirmala Sitharaman will be presenting the anxiously awaited Union Budget for the fiscal year 2023-24. Most analysts surmise that, notwithstanding the overall financial health of the nation, the defence budget owing to diverse forthcoming challenges may witness a hike of 10-15 per cent in allocations and thus be in the region of Rs 6.6 …

Expectations From Union Budget 2023: The Great Leap Forward
1 year, 10 months ago

Expectations From Union Budget 2023: The Great Leap Forward

News 18  

As an annual accounting exercise for the nation, the Union Budget has been a fairly prosaic thing with incremental steps, underlined– almost always– by a constraint from the resources available. The last year’s budget for FY23 speeded things up considerably when capital expenditure for infrastructure development was enhanced by 24 percent to Rs 7.5 trillion, more than double of what …

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years
1 year, 10 months ago

Budget 2023: Here's How Much Govt Has Allocated To Defence Sector In Last Five Years

ABP News  

The announcement of the Union Budget for the year 2023-2024 is just a few days away. Take A Look At The Share Of Funds Allocated To Defence Sector In The Union Budget In Last Five Years: 2018-2019 In the year 2018-19, the Ministry of Defence was allocated Rs 4,04,365 crore for expenditure across the various services, production establishments, and research …

Union Budget 2023-24: Aiming For A Fine Balance
1 year, 10 months ago

Union Budget 2023-24: Aiming For A Fine Balance

News 18  

The Indian economy has been recovering well from the pandemic. With this context, restricting GFD/GDP to around 5.8 per cent should be targeted and ensure the government remains committed to the target of reaching 4.5 per cent by FY2026. We see five key reasons for a limited space for a “populist” Budget — Lower tax revenue growth, given lower GDP …

Budget 2023: Why rural, infra sectors may occupy centre stage in pre-election appropriations
1 year, 11 months ago

Budget 2023: Why rural, infra sectors may occupy centre stage in pre-election appropriations

India Today  

Ahead of elections, successive governments have found it hard to resist a spending spree. In the last two pre-election budgets, rural, welfare, and infrastructure spending jumped, while there were cuts in defence spending as a share of capital expenditure. Defence capital spending’s share dipped nearly four per cent in FY 2019, ahead of the last Lok Sabha elections, while infrastructure’s …

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise
1 year, 11 months ago

Budget likely to cap fiscal deficit at 5.8% for FY24; Centre's borrowings to rise

The Hindu  

The Centre and States are likely to budget for higher market borrowings to the tune of ₹2.3 lakh crore next fiscal even though the Union budget may peg a lower-than-expected fiscal deficit for the Centre at 5.8% of GDP, says a report. She also expects the forthcoming budget to enhance the Centre's capex to Rs 8.5-9 lakh crore and target …

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA
1 year, 11 months ago

Market Borrowings of Centre, States Seen At Rs 24.4 Lakh Crore In FY2024: ICRA

News 18  

The government will peg its fiscal deficit in the FY2024 Budget Estimates at 5.8 per cent of the GDP, a healthy moderation from the 6.4 per cent of GDP projected for FY2023, according to a report by ratings agency ICRA. Aditi Nayar, chief economist and head of ICRA, said, “With a global growth slowdown looming large, the FY2024 Union Budget …

Budget may give a big push to Railways
1 year, 11 months ago

Budget may give a big push to Railways

Live Mint  

MUMBAI : The government is likely to provide record budgetary support to strengthen the infrastructure of Indian Railways. The gross budgetary support for railways is likely to increase by 29% to ₹1.8 trillion in the year starting 1 April from ₹1.4 trillion in the current year, two people familiar with the development said. The railway ministry expects total capital expenditure …

Here's why Japan is doubling its defence budget
2 years ago

Here's why Japan is doubling its defence budget

Firstpost  

During a meeting, PM Kishida asked Finance Minister Shunichi Suzuki and Defence Minister Yasukazu Hamada that the island country needs to urgently raise its defence budget by fiscal 2027 Japanese Prime Minister Fumio Kishida has asked key ministers on Monday to secure enough funds to raise defence spending to two per cent of gross domestic product in five years. During …

Discover Related