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Trains, Roads, 5G, Defence: Where Does Rs 10 Lakh Cr Capex Budget Go? Three-fourth in 4 Ministries, Depts

More highways and expressways, Vande Bharat trains, rapid laying out of 5G infrastructure and shoring up India’s defences – this is the top priority of the Narendra Modi-led government in the next financial year with just four ministries or departments accounting for nearly 73 percent of the massive Rs 10 lakh crore capex budget in 2023-24. The budget documents show …

Budget

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government

The Union Budget preparations have been in the full swing in the North Block. Asset Monetisation In the last fiscal the government targeted the national asset monetisation pipeline to accumulate Rs 1.62 lakh crore. According to various accounts, in this Budget the government may link budgetary allocation to infrastructure ministries to the progress and performance these ministries achieve in the …

Budget 2023: Asset Monetisation May Determine Budgetary Support To Infrastructure, Says Report

The Union Finance Ministry may link budgetary support to infrastructure ministries with the performance of their asset monetisation in Budget 2023-24, which will be presented by Nirmala Sitharaman on February 1, according to a report in Mint. A senior finance ministry official told Mint, “Performance in asset monetization will be one of the factors taken into account in determining budgetary …

Budgetary Support

New Delhi: As part of the government's plan for monetising assets, finance minister Nirmala Sitharaman will launch the National Monetisation Pipeline, or NMP, on Monday. Announcing the plan, the government think-tank Niti Aayog on Sunday said that the NMP comprises a four-year pipeline of the central government's existing infrastructure assets. In her Budget speech, Sitha-raman had said that monetising operating …