Tag: budget news

Key takeaways from interim Budget 2024-25 in charts

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India’s Finance Minister Nirmala Sitharaman during the Vibrant Gujarat Global Summit in Gandhinagar, Gujarat, India, on Thursday, Jan. 11, 2024.  | Photo Credit: Bloomberg The Finance Minister presented her sixth budget today. Her announcements ranged from railways, tourism, healthcare, technology, aviation, green energy, aquaculture, housing, and more. With regards to taxation, no changes were announced to…

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

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Rural development schemes: Workers engaged in the MNREGS works at Siddharampuram in Anantapur district. | Photo Credit: Prasad RVS In FY25, the government is expected to spend ₹2,65,808 crore on rural development. The allocation marginally increased by ₹26,824 crore, when compared with the revised estimates for the year FY24. However, the increase in the overall…

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Budget for Census slashed, population count may not take place in first quarter

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The allocation for Census Survey and Statistics has been slashed to ₹1,277.80 crore from ₹1,546.65 crore in 2023-24, a further indication that the Census exercise, which was to be initially completed in 2021, is not planned in the first quarter of the fiscal. File | Photo Credit: The Hindu The Union Home Ministry has been…

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2024 Interim Budget | Space gets nominal hike, likely boost for spaceflight start-ups

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A PSLV rocket carrying the X-Ray Polarimetry Satellite (XPoSat) lifts off from the Sriharikota spaceport, January 1, 2024. | Photo Credit: ANI/ISRO With no major space missions slated for 2024, the Department of Space has recieved only a nominal hike of 4% in its allocation in the Interim Union Budget for 2024-25, from ₹12,545 crore…

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Interim Budget 2024: Spending on IITs and IIMs declines as a share of total Budget | Data 

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Higher education Budget allocation: Indian Institute of Technology (IIT) Delhi main gate, in New Delhi. | Photo Credit: Sandeep Saxena In FY25, the government is expected to spend ₹47,619 crores on higher education. The allocation declined by ₹9,624 crore, when compared with the revised estimates for the year FY24. The reduction in overall spending on…

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Budget 2024 | Road sector budget sees a nominal hike of 2.7%

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The Centre has allocated ₹1.68 lakh crore to NHAI in the interim Budget. File | Photo Credit: PTI 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…

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Interim Budget 2024 | Govt to come out with White Paper on mismanagement of economy prior to 2014, says Sitharaman

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A man watches FM Nirmala Sitharaman read her Budget speech at an electronic shop in Mumbai, on Feb. 1, 2024. | Photo Credit: AP The Government will come out with a White Paper on the mismanagement of economy prior to 2014 with an aim to draw lessons. Prime Minister Narendra Modi-led NDA came to power…

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Analysis | Nirmala Sitharaman’s interim Budget reveals BJP’s confidence in comeback

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The announcement in the Interim Budget 2024 of providing rooftop solar power generation to one crore households has come as a response to multiple guarantees of free power by different political parties in different States, including in Delhi and Punjab by the Aam Aadmi Party and the Congress in others. | Photo Credit: AP Finance Minister…

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2024 Interim Budget | Inclusive, innovative, sign of continuity: PM Modi

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Prime Minister Narendra Modi during the presentation of the Interim Budget 2024 in the Lok Sabha, at Parliament House in New Delhi, Thursday, Feb. 1, 2024. | Photo Credit: PTI Prime Minister Narendra Modi characterised the Interim Budget tabled on Thursday as “inclusive and innovative”, one that “carries the confidence of continuity”, a reference to…

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