Tag: Union Budget

Honourable mention for bioeconomy in Interim Budget, with trillion-dollar potential in mind

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Union Finance Minister Nirmala Sitharaman addresses the post-Budget press conference, in New Delhi, Thursday, Feb. 1, 2024. | Photo Credit: PTI In her speech for the 2024-2025 Budget, Finance Minister Nirmala Sitharaman spoke of “a new scheme of bio-manufacturing and bio-foundry” to provide “environment-friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs”. The announcement…

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Committee will study ‘fast population growth’ and demographic changes: Nirmala Sitharaman

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Finance Minister Nirmala Sitharaman’s announcement comes against the backdrop of an indefinitely postponed Census, which means that there is little reliable data to back up her assertion of “fast” population growth in the country. Interim Budget 2024 A high powered committee will be constituted to consider the challenges arising from “fast population growth and demographic…

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2024 Interim Budget | Marginal rise in allocations for farming, fisheries

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Watch | Marginal increase in allocations to agriculture, fisheries, and animal husbandry Maintaining that the ‘annadata’s’ welfare is the highest priority of the Centre, Union Finance Minister Nirmala Sitharaman said in her Budget that farmers’ empowerment and well-being will drive the country forward. The allocation for the Agriculture Ministry is ₹1,17,528.79 crore, an increase of…

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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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Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24

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Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…

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Govt’s fiscal deficit rises to 39.3% of annual target in first half of FY24

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Central government’s fiscal deficit touched 39.3% of the full year target in the first half of the current financial year, slightly higher than 37.3% recorded in the year-ago period. In actual terms, the fiscal deficit or the gap between expenditure and revenue worked out at ₹7.02 lakh crore at the end of September 2023, showed…

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Explained | Why have mangroves got a Budget push?

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Mangroves are salt-tolerant plant communities found in tropical and subtropical intertidal regions. File | Photo Credit: The Hindu The story so far: The Union Budget for 2023-24 announced an initiative for mangrove plantation along the coastline and on salt pan lands, under MISHTI (Mangrove Initiative for Shoreline Habitats & Tangible Incomes). How do mangroves help? Mangroves…

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Budget announces ‘voluntary settlement scheme’ to end commercial disputes involving government and its undertakings

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A salesman watches TV screens during the live telecast of Union Budget 2023 by Finance Minister Nirmala Sitharaman in Ahmedabad on Wednesday. | Photo Credit: VIJAY SONEJI The Union Budget highlighted the seriousness of pendency in courts and the need for quick dispute resolution by announcing a “voluntary settlement scheme with standardised terms” to amicably…

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BJP MPs seek clarity on tax regime, cut in MGNREGS allocation

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Union Finance Minister Nirmala Sitharaman leaves after briefing the Bharatiya Janata Party (BJP) MPs on the Union Budget 2023-24, at Parliament House, in New Delhi on Friday. | Photo Credit: ANI BJP MPs on Friday interacted with Union Finance Minister Nirmala Sitharaman on the merits and demerits of the new and old income tax regimes…

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Key takeaways from Union Budget 2023-24 in charts

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Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi, Wednesday, Feb. 1, 2023. | Photo Credit: PTI 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…

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