No new projects in ‘infra-driven’ BMC budget
1 month, 3 weeks ago

No new projects in ‘infra-driven’ BMC budget

Hindustan Times  

MUMBAI: The Brihanmumbai Municipal Corporation presented a historic budget on Tuesday, its biggest-ever, pegged at ₹74,427.41 crore for FY 2025-26. No new projects in ‘infra-driven’ BMC budget Interestingly, while no new projects were announced, the budget has been described as ‘infrastructure-driven’, as large budgetary allocations have been made towards ongoing, big-ticket infrastructure projects in Mumbai. The capital expenditure for infrastructure projects such as the Coastal Road, GMLR, and sewage treatment plant has increased from ₹10,210 crore to ₹13,310.97 crore. This trend was reversed for the first time in 2024-25 and continues in the budget estimates for 2025-26, with 42% of the budget estimates reserved for revenue expenditure and 58% for capital expenditure. While no new projects were announced in the budget, the civic body has requested the state government to declare the BMC’s big-ticket projects as ‘vital urban transport projects’ under Section 124B of the Maharashtra Regional and Town Planning Act, 1966.

Mumbai Infrastructure Projects Budget Projects Revenue Road Crore Bmc Coastal Road Expenditure Estimates Mumbai Coastal Road Dahisar Revenue Expenditure Capital Expenditure Gagrani No New Projects  road  expenditure  state  infradriven  crore  bmc  projects  budget  revenue  estimates  mumbai

History of this topic

BBMP Budget 2025-26 crosses ₹19,000 crore, focus on infrastructure development
3 days, 16 hours ago

BBMP Budget 2025-26 crosses ₹19,000 crore, focus on infrastructure development

The Hindu  

The Bruhat Bengaluru Mahanagara Palike has unveiled its budget for the financial year 2025-26, outlining key allocations across various sectors. The total budget stands at ₹19,927.08 crore, with significant portions directed toward infrastructure, maintenance, and public welfare. A major share of 65% of the budget, amounting to ₹12,952.20 crore, has been allocated for development works, highlighting the administration’s focus on …

MMRDA cuts spending on infrastructure projects by ₹6,800 crore
3 days, 21 hours ago

MMRDA cuts spending on infrastructure projects by ₹6,800 crore

Hindustan Times  

Mumbai: The Mumbai Metropolitan Region Development Authority has cut its estimated spending on public transportation and infrastructure projects by ₹6,804.2 crore in FY 2025-26 compared with the previous financial year, according to its latest budget that was approved on Friday by deputy chief minister Eknath Shinde, who also holds the urban development portfolio. MMRDA cuts spending on infrastructure projects by …

What the Delhi budget says about...
4 days, 10 hours ago

What the Delhi budget says about...

Hindustan Times  

After 10 years of Aam Aadmi Party rule, the Bharatiya Janata Party on Tuesday presented the 2025-26 Delhi Budget. …Growth in spending from previous budgets The newly elected Bharatiya Janata Party government in Delhi presented a budget with a total outlay of ₹1 lakh crore for 2025-26 on March 25. …Own tax revenue’s role in financing this year’s massive spending …

Delhi budget: Opposition slams ‘hollow promises’, BJP hits back
Trending News
6 days, 21 hours ago

Delhi budget: Opposition slams ‘hollow promises’, BJP hits back

Hindustan Times  

New Delhi: As chief minister Rekha Gupta on Tuesday presented her maiden budget in the legislative assembly for a “viksit” Delhi, the opposition Aam Aadmi Party and the Congress criticised it for laying out “fake numbers” and making “hollow promises” while missing to include provisions to provide subsidised LPG cylinders to the poor as promised by the Bharatiya Janata Party …

'Hawa Hawai, unrealistic: Atishi slams Rekha Gupta's maiden budget for Delhi
1 week ago

'Hawa Hawai, unrealistic: Atishi slams Rekha Gupta's maiden budget for Delhi

Hindustan Times  

Leader of Opposition Atishi on Tuesday slammed the Delhi budget, calling it a “hawa hawai budget” and labelling it "baseless and unrealistic". Atishi alleged that the BJP government deliberately avoided presenting the Economic Survey before the budget, saying, “If the government truly had ₹one lakh crore in revenue, they wouldn’t have hesitated to present the Economic Survey in the Assembly. …

‘AAP Made Sheeshmahal, We Will…’: CM Rekha Gupta's Swipe As Atishi Questions Delhi Budget ‘Without Survey’
Trending News
1 week ago

‘AAP Made Sheeshmahal, We Will…’: CM Rekha Gupta's Swipe As Atishi Questions Delhi Budget ‘Without Survey’

ABP News  

Delhi Chief Minister Rekha Gupta on Tuesday presented the ₹1 lakh crore budget for the financial year 2025-26, outlining ten key focus areas, including Yamuna cleaning, economic empowerment of women, infrastructure, water, and connectivity. You installed toilets worth lakhs, we will make toilets for the poor.” हममें और AAP में बहुत अंतर है। AAP ने वादे किए, हम उन्हें पूरा …

‘AAP Made Sheehmahal, We Will…’: CM Rekha Gupta's Swipe As Atishi Questions Delhi Budget ‘Without Survey’
1 week ago

‘AAP Made Sheehmahal, We Will…’: CM Rekha Gupta's Swipe As Atishi Questions Delhi Budget ‘Without Survey’

ABP News  

Delhi Chief Minister Rekha Gupta on Tuesday presented the ₹1 lakh crore budget for the financial year 2025-26, outlining ten key focus areas, including Yamuna cleaning, economic empowerment of women, infrastructure, water, and connectivity. You installed toilets worth lakhs, we will make toilets for the poor.” हममें और AAP में बहुत अंतर है। AAP ने वादे किए, हम उन्हें पूरा …

Delhi CM Rekha Gupta presents Rs one lakh crore budget for 2025-26
1 week ago

Delhi CM Rekha Gupta presents Rs one lakh crore budget for 2025-26

Deccan Chronicle  

Delhi Chief Minister and Finance Minister Rekha Gupta on Tuesday presented the Budget for the financial year 2025-26 with an outlay of Rs one lakh crore, marking a 31.5 per cent increase from the previous year.Calling it a "historic Budget," Gupta emphasized that the era of "corruption and inefficiency" was over, with the government doubling capital expenditure to Rs 28,000 …

Delhi Budget 2025-26: CM Rekha Gupta unveils 'historic' Rs 1 lakh crore plan
Top News
1 week ago

Delhi Budget 2025-26: CM Rekha Gupta unveils 'historic' Rs 1 lakh crore plan

Firstpost  

The Delhi CM targeted the previous AAP government for their inaction and claimed that the government income decreased because the government revenue was going into the ‘pockets’ of liquor mafia and PWD contractors Delhi Chief Minister Rekha Gupta on Tuesday presented the Budget 2025-26 for the national capital. Rs 696 crores have been allocated to provide basic facilities in slums …

Delhi CM Rekha Gupta presents ₹one lakh crore “historic budget” for 2025-26
Top News
1 week ago

Delhi CM Rekha Gupta presents ₹one lakh crore “historic budget” for 2025-26

Hindustan Times  

Delhi Chief Minister and Finance Minister Rekha Gupta on Tuesday presented the Budget for the financial year 2025-26 with an outlay of ₹one lakh crore, marking a 31.5 per cent increase from the previous year. Calling it a “historic Budget,” Gupta emphasized that the era of “corruption and inefficiency” was over, with the government doubling capital expenditure to ₹28,000 crore. …

Delhi budget 2025: CM Rekha Gupta presents ‘historic’ ₹1 lakh crore budget | Key announcements
1 week ago

Delhi budget 2025: CM Rekha Gupta presents ‘historic’ ₹1 lakh crore budget | Key announcements

Hindustan Times  

Delhi Budget 2025: Delhi chief minister Rekha Gupta on Tuesday presented Budget 2025-26 in the state Assembly, saying that it has ten focus areas including infrastructure development, electricity, roads, and water. Delhi Budget 2025-26 | Key points This is Delhi chief minister Rekha Gupta and her BJP government's first budget in the national capital. A budget fund of ₹ 696 …

What Delhi needs from its budget today
Trending News
1 week ago

What Delhi needs from its budget today

Hindustan Times  

New Delhi : Back in power after nearly three decades, the Bharatiya Janata Party government, led by chief minister Rekha Gupta, will present its first Delhi budget on Tuesday. With Delhi retaining its notorious distinction of being one of the world’s most polluted capital cities, the first budget of the new government gives the party ample opportunity to fix Delhi’s …

VMC council passes deficit budget of ₹145 crore for 2025-26
1 week, 3 days ago

VMC council passes deficit budget of ₹145 crore for 2025-26

The Hindu  

The Vijayawada Municipal Corporation council on Saturday passed a budget of ₹1,454.58 crore proposed by the civic body with minor objections. At a meeting held at the VMC Council Hall, Mayor Rayana Bhagyalakshmi presented a deficit budget of ₹145.05 crore for the financial year 2025-25, with an estimated expenditure of ₹1,454.58 crore against the estimated income of ₹1,309.53 crore. The …

Tripura govt presents ₹32,423.44 crore tax free budget, proposes 13 new schemes
1 week, 4 days ago

Tripura govt presents ₹32,423.44 crore tax free budget, proposes 13 new schemes

Live Mint  

Agartala, Mar 21 Tripura Finance Minister Pranajit Singha Roy on Friday presented ₹32,423.44 crore budget for 2025-26, proposing a total of 13 new welfare schemes to help job seekers, mentally challenged persons, visitors to the state capital and others. Noting that the government focuses on inclusive growth, the minister said, “More focus was given on capital expenditure in the budget …

Surplus budget of ₹19 crore presented by HDMC for 2025-26
Trending News
1 week, 5 days ago

Surplus budget of ₹19 crore presented by HDMC for 2025-26

The Hindu  

A surplus budget of ₹19 crore of the Hubballi Dharwad Municipal Corporation for the financial year 2025-26 was presented and later passed amid uproar by the Opposition Congress members in Hubballi on Thursday. The total budget outlay for the year 2025-26 is estimated to be at ₹1,512.67 crore, which is ₹20.92 crore more than the previous year’s budget of ₹1,491.75 …

Ludhiana: Municipal corporation to present budget today, stormy session likely
Trending News
1 week, 5 days ago

Ludhiana: Municipal corporation to present budget today, stormy session likely

Hindustan Times  

As the municipal corporation House convenes on Thursday to present the budget, the session after a gap of nearly two years is likely to be a stormy affair as the Opposition gears up to the corner the Aam Aadmi Party over multiple contentious issues, such as cleanliness, condition of roads and stalled development works, among others. Party insiders said Congress …

Budget fails to keep promises to women, farmers, youth
3 weeks ago

Budget fails to keep promises to women, farmers, youth

Hindustan Times  

MUMBAI: Unlike the last budget before the assembly polls and despite the promises in the Mahayuti manifesto for farmers, women and the youth, the first budget after the alliance’s massive victory had no major announcements for these sections. It offered, instead, artificial intelligence schemes for the agriculture sector and administrative assistance for women’s self-help groups who wished to use the …

PMC presents ₹12,618 crore budget for 2025-26 with focus on incomplete projects
3 weeks, 6 days ago

PMC presents ₹12,618 crore budget for 2025-26 with focus on incomplete projects

Hindustan Times  

PUNE: Pune municipal commissioner Rajendra Bhosale on Tuesday presented the Pune Municipal Corporation’s annual budget for the financial year 2025-26, with an outlay of ₹12,618 crore. Despite falling short of revenue targets this year, the PMC has increased the budget outlay without introducing new sources of income or proposing a tax hike. Pune municipal commissioner Rajendra Bhosale on Tuesday presented …

BMC approves Rs 1,001 crore budget for 2025-26
1 month ago

BMC approves Rs 1,001 crore budget for 2025-26

New Indian Express  

BHUBANESWAR: The Bhubaneswar Municipal Corporation on Friday approved a budget of Rs 1,001.40 crore for the financial year 2025-26, around 2.6 per cent lower than the last fiscal’s estimate of Rs 1,027.55 crore. BMC officials, however, said that revenue receipts in the ensuing fiscal estimated to be around Rs 1,022 crore will be about 13 per cent more than the …

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26
1 month ago

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26

The Hindu  

The Andhra Pradesh state government, on Friday, presented the annual budget for the financial year 2025-26 with a total outlay of ₹3,22,359 crore. Presenting the budget in Andhra Pradesh Assembly on Friday, Andhra Pradesh Finance Minister Payyavula Keshav said that the estimated revenue deficit is around Rs. The revenue deficit is 3.01% and fiscal deficit is 4.57 per cent of …

UP Budget goes bigger, but fund utilisation remains a challenge
1 month, 1 week ago

UP Budget goes bigger, but fund utilisation remains a challenge

Hindustan Times  

LUCKNOW Uttar Pradesh government may have increased the allocations for various sectors with the size of the annual budget also going up year after year, but it faces the greater challenge of spending the funds. In 2023-2024, the state government estimated a revenue expenditure of ₹ 5.21 lakh crore, and could use only ₹ 4.29 lakh crore. The government later …

UP Budget 2025: Scooty for girls, ₹2,000 cr for cattle, AI city in Lucknow; check key announcements
1 month, 1 week ago

UP Budget 2025: Scooty for girls, ₹2,000 cr for cattle, AI city in Lucknow; check key announcements

Live Mint  

UP Budget 2025: Uttar Pradesh Finance Minister Suresh Kumar Khanna presented the state budget on Thursday for the financial year 2025-26 under the Yogi Adityanath government. Khanna said the total Budget outlay for financial year 2025-26 is 9.8 per cent higher than the Budget outlay for FY25. Here is everything you need to know about UP Budget 2025: Rani Laxmibai …

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal
1 month, 2 weeks ago

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal

The Hindu  

Odisha Chief Minister Mohan Charan Majhi on Monday presented the State’s annual Budget for 2025-26 with total outlay of ₹2,90,000 crore, prioritising capital expenditure which is pegged at ₹65,012 crore – 6.1% of Gross State Domestic Product. Presenting his first full budget after Bharatiya Janata Party came to power in Odisha in June 2024, Mr. Majhi said, “I propose the …

With MCC lifted, work on key infra projects set to continue
1 month, 3 weeks ago

With MCC lifted, work on key infra projects set to continue

Hindustan Times  

The Election Commission of India has lifted the model code of conduct in the Capital as the Delhi assembly polls have concluded, paving the way for several pending infrastructure projects to be greenlit. This may be brought to notice of all.” The projects and policy work which are likely to soon be approved include the presentation of the Municipal Corporation …

How has the Budget allocated funds for urban development? | Explained
1 month, 3 weeks ago

How has the Budget allocated funds for urban development? | Explained

The Hindu  

The story so far: In 2015, the NDA government positioned urban development as a key pillar of its growth strategy as cities contribute nearly 67% to the GDP. The total outlay for urban development stands at ₹96,777 crore, higher than last year’s Budget proposal of ₹82,576.57 crore. Some major urban programs under this category include PMAY, the Swachh Bharat Mission, …

Mumbai: BMC proposes parking app in 2025-26 ‘biggest-ever’ budget; How will it affect Mumbaikars?
1 month, 3 weeks ago

Mumbai: BMC proposes parking app in 2025-26 ‘biggest-ever’ budget; How will it affect Mumbaikars?

Live Mint  

The Brihanmumbai Municipal Corporation presented the budget for coming financial year 2025-26 on Tuesday. Electric buses in Mumbai BMC chief and state-appointed administrator Bhushan Gagrani on Tuesday said BMC will give ₹1,000 crore as grant from its budget to Brihanmumbai Electric Supply and Transport. Unleashing the ‘biggest-ever budget’, Maharashtra government-appointed administrator of India's richest civic body Bhushan Gagrani said, "This …

Mumbai Eye on lines of London Eye: BMC submits Rs 74K cr budget
1 month, 3 weeks ago

Mumbai Eye on lines of London Eye: BMC submits Rs 74K cr budget

New Indian Express  

MUMBAI: Brihanmumbai Municipal Commissioner Bhushan Gagrani on Tuesday unveiled the BMC’s largest-ever Rs 74,427-crore budget for fiscal year 2025-26, which is 14.19% more than the previous year’s. The BMC proposes to develop the Mumbai Eye in line with the United Kingdom’s iconic London Eye on a private participation model. The BMC also plans a Tiger Monument as part of the …

BMC Budget 2025 set at ₹74,427 crore: ₹1000 crore for BEST bus services, ₹18 crore for security
1 month, 4 weeks ago

BMC Budget 2025 set at ₹74,427 crore: ₹1000 crore for BEST bus services, ₹18 crore for security

Live Mint  

The Brihanmumbai Municipal Corporation presented its budget of ₹74,427 crore for the year 2025-26 on Tuesday. A total budget provision of ₹4111.51 crore is proposed in RE 2024-25 and ₹5100 crore in BE 2025-26 for Roads and Traffic Department. Total provision of ₹3544.34 crore under Revenue Budget and ₹411.30 crore under Capital Budget is proposed in BE 2025-26 for Education …

BMC presents over ₹74,000 crore budget for 2025-26
1 month, 4 weeks ago

BMC presents over ₹74,000 crore budget for 2025-26

The Hindu  

The Brihanmumbai Municipal Corporation, considered the richest civic body in the country, on Tuesday presented its budget of ₹74,427 crore for the year 2025-26. A total of 70 lakh metric tons of legacy waste is decided to be processed and disposed of by June 2025 to reclaim 24 Ha. Approximately 40.93 lakh metric tons of legacy waste have been already …

BMC Budget Highlights: BMC Budget Hiked By Nearly 15%, Check Allocations To Key Departments
1 month, 4 weeks ago

BMC Budget Highlights: BMC Budget Hiked By Nearly 15%, Check Allocations To Key Departments

ABP News  

The Budget estimate of the Brihanmumbai Municipal Corporation for Financial Year 2025-26 was proposed at Rs 74,427.41 crore, which exceeds the Budget estimates of 2024-25 by 14.19%. User Charges For Solid Waste Management In his Budget speech, BMC Commissioner Bhushan Gagrani, said: "The increasing population and growing volume of solid waste in Mumbai have significantly escalated the city’s expenses on …

Mumbaikars To Pay More For Cleanliness As BMC Plans 'User Fee Tax' Ahead Of Budget Today
1 month, 4 weeks ago

Mumbaikars To Pay More For Cleanliness As BMC Plans 'User Fee Tax' Ahead Of Budget Today

ABP News  

BMC News: Mumbaikars may soon have to pay a "user-fee tax". The BMC is India's richest civic body and will unveil its 2025-26 budget on Tuesday at 11 AM. According to the TOI, the 2024-25 Budget for the BMC was Rs 59,954.75 crore, a 10.5% increase from the previous fiscal year. The BMC Budget 2025-26 will focus on the completion …

Amid challenges, U.P. govt gets ready to present 2025-2026 budget
1 month, 4 weeks ago

Amid challenges, U.P. govt gets ready to present 2025-2026 budget

Hindustan Times  

Amid challenges of mobilising additional funds and making use of them, the U.P. We now have an idea about the funds earmarked for the state – U.P.’s share in the central taxes, central assistance and the likely allocations under centrally “Around 10 to 15 percent increase is expected in the size of the state government’s budget as many big development …

Centre will sustain capex: Expenditure secretary Manoj Govil
1 month, 4 weeks ago

Centre will sustain capex: Expenditure secretary Manoj Govil

Live Mint  

NEW DELHI : The central government will maintain its focus on capital expenditure in the final quarter of 2024-25, and the year ahead, despite a dip in the first half of the year, expenditure secretary Manoj Govil said on Monday. He said the central government remains committed to capital infrastructure spending, with grants-in-aid for capital assets set to rise to …

Budget 2025's Push For Capex And Infrastructure Growth Will Help Steel Industry, Says ISSDA
1 month, 4 weeks ago

Budget 2025's Push For Capex And Infrastructure Growth Will Help Steel Industry, Says ISSDA

ABP News  

The reforms brought ahead in the Union Budget 2025 will help push the steel industry towards growth, the Indian Stainless Steel Development Association said on Sunday. Issuing a statement, the association said, “The Budget offers a balanced roadmap for long-term growth in the stainless steel industry.The focus on infrastructure, manufacturing, and sustainability will elevate the sector's economic contribution and reinforce …

The budget’s horizon is closer: Just as our growth challenge needs it to be
2 months ago

The budget’s horizon is closer: Just as our growth challenge needs it to be

Live Mint  

Ever since India’s government set the goal of a Viksit Bharat by 2047, Union budgets have been bifocal. This is a sign of the Centre’s confidence not just in this agenda, with its mix of short- and long-horizon gains, but also in its capacity to make full use of it amid scepticism evoked by missed targets; its revised capex for …

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?
2 months ago

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?

Firstpost  

Consumer spending is set to increase due to a mix of personal income tax changes, reductions in indirect taxes, and a strong emphasis on public investment in the budget. The immediate impact of these income tax changes will result in an additional Rs 1 lakh crore in the hands of taxpayers Finance Minister Nirmala Sitharaman, carrying a red pouch containing …

Market and Budget 2025: Where should investors focus post Budget? 5 experts answer
2 months ago

Market and Budget 2025: Where should investors focus post Budget? 5 experts answer

Live Mint  

Budget 2025: The Indian stock market experienced high volatility on Saturday, February 1, following the FY26 Union Budget announcement by Finance Minister Nirmala Sitharaman. While the budget introduced major changes in income tax slabs, shifting more money into the hands of middle-class consumers, market sentiment remained mixed due to concerns over government capital expenditure allocation. However, market experts pointed out …

Budget 2025: Govt allocates ₹1.5 lakh crore for interest-free loans to boost state infrastructure
2 months ago

Budget 2025: Govt allocates ₹1.5 lakh crore for interest-free loans to boost state infrastructure

Live Mint  

In the Union Budget 2025, Finance Minister Nirmala Sitharaman has announced a major allocation of ₹1.5 lakh crore for 50 years interest free loans to the state governments for boosting capital expenditure and development of infrastructure across the country. With this, The central government aims to empower states to make substantial capital expenditures without the immediate cost of interest payments …

Budget 2025: India Boosts Capital Expenditure to Drive Growth | ABP NEWS
2 months ago

Budget 2025: India Boosts Capital Expenditure to Drive Growth | ABP NEWS

ABP News  

The Indian government's recent focus on increasing capital expenditure aims to boost infrastructure development, including roads, highways, digital, and electrical infrastructure. This is expected to create a positive economic impact, especially in sectors like real estate, construction, and MSMEs, which benefit from increased employment opportunities. Infrastructure growth can trigger a multiplier effect, where every rupee spent leads to greater economic …

India needs to step up infrastructure investment, private sector participation low: Economic Survey
Trending News
2 months ago

India needs to step up infrastructure investment, private sector participation low: Economic Survey

New Indian Express  

India needs a continued step-up in infrastructure investment over the next two decades to sustain a high rate of growth, said the Economic Survey of 2024-25. Disaster-resilient urbanisation, public transport, preservation and upkeep of heritage sites, monuments, and tourist destinations, as well as rural public infrastructure, including connectivity, call for greater attention," stated the Survey, released a day before the …

Union Budget 2025: What to expect for infrastructure in upcoming budget? Know anticipated capital outlay
Trending News
2 months, 1 week ago

Union Budget 2025: What to expect for infrastructure in upcoming budget? Know anticipated capital outlay

India TV News  

Union Finance Minister Nirmala Sitharaman is set to present the Union Budget for the next fiscal year 2025-26 on February 1. Capital outlay for infrastructure in last budgets In the budget 2024, the Central government announced a capital outlay of Rs 11,11,111 crore, which was 3.4 per cent of the GDP. Expected Capital outlay this year Recently, Union Minister Mansukh …

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26
2 months, 3 weeks ago

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26

Live Mint  

New Delhi: The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by upto 10%, two persons aware of the development said. Private investment BoT projects allow private sector bidders to take construction risk …

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26
2 months, 3 weeks ago

Budget: 10% increase in capex allocation likely for road, railways ministries in FY26

Live Mint  

New Delhi: The Centre proposes to keep its focus on rapid infrastructure growth in the next financial year, with plans to push capex allocation for the ministries of road transport and highways, and railways in the upcoming budget by upto 10%, two persons aware of the development said. Private investment BoT projects allow private sector bidders to take construction risk …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
4 months, 2 weeks 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 …

What’s the Budget push for infrastructure?
8 months 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 …

Bhatti terms his Budget ‘People’s Budget’ aimed at fulfilling aspirations of all sections
8 months ago

Bhatti terms his Budget ‘People’s Budget’ aimed at fulfilling aspirations of all sections

The Hindu  

Deputy Chief Minister Mallu Bhatti Vikramarka has termed the Budget-2024-25 as a ‘people’s budget’ designed to meet the needs and aspirations of all sections of the society in the State. Stating that the State government would fully utilize the funds allocated for centrally Addressing Mr. Rao’s criticism of the increased estimated Excise revenue, Mr. Vikramarka assured that the government would …

Budget 2024: Placing thrust on infrastructure
8 months, 1 week ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024: Government keeps focus on critical areas
8 months, 1 week ago

Budget 2024: Government keeps focus on critical areas

The Hindu  

The world is witnessing unprecedented disruptions and uncertainty. To avail of these opportunities, multiple steps were necessary: strong capital expenditure and infrastructure push by the Indian government; significant support to small and medium enterprises; job creation and skill development; and enhancing the purchasing power of both urban and rural Indian consumers. The announcements by the Finance Minister of schemes such …

Budget 2024: Growth, reforms and infrastructure
8 months, 1 week ago

Budget 2024: Growth, reforms and infrastructure

The Hindu  

The 2024 Budget signals policy continuity. Specifically, the Budget focuses on these key priorities - resilient agriculture, promoting skill development, driving employment and inclusivity, accelerating infrastructure development, energy security, fostering innovation and progressive reforms. Focus on infrastructure The government has earmarked an impressive capital expenditure of over ₹11 lakh crore, equivalent to 3.4% of the GDP, towards infrastructure development. By …

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