New Delhi: The government has allocated ₹1,200 crore for subsidizing the sale of natural gas under the administered price mechanism (APM) in North-eastern states for FY25. In the previous budget, the allocation was ₹1,633 crore for FY24, under the head of “other subsidy payable including for North Eastern Region”. In FY23, the allocation was ₹811 … Read more
New Delhi: The central government plans to borrow a gross ₹14.13 trillion from the bond markets in 2024-25 to finance its fiscal deficit, according to the interim budget for FY25 presented in parliament on Thursday. The government, which reiterated its commitment to a continued fiscal consolidation, has set a fiscal deficit target of 5.1% of … Read more
Union Finance Minister Nirmala Sitharaman on Thursday said that the Prime Minister aims to prioritize the upliftment of four key segments of society, namely the ‘Garib’ (Poor), ‘Mahilayen’ (Women), ‘Yuva’ (Youth), and ‘Annadata’ (Farmers). Sitharaman noted that over the past decade, the government has made substantial strides in addressing multi-dimensional poverty, with assistance reaching 25 … Read more
The interim budget laid out several key measures that are likely to assist rural employment and boost farmer income amid a weak demand for packaged goods reported from villages. However, companies said the budget did little to address subdued consumer demand among lower middle income households. Finance minister Nirmala Sitharaman announced in the interim budget … Read more
New Delhi: The interim budget on Thursday provided a 3% boost to ₹21,200 crore, for the next financial year, for the women and child development ministry’s integrated Saksham Anganwadi and Poshan 2.0 scheme. The scheme is targeted at tackling malnutrition challenges among children, adolescent girls, pregnant women and lactating mothers. “Various schemes for maternal and … Read more
New Delhi: Inclusive development and the National Democratic Alliance’s (NDA) growth agenda for the future have emerged as the central theme of finance minister Nirmala Sitharaman’s interim budget for FY25. Social justice and inclusive growth will be an effective and necessary governance model for the NDA government, Sitharaman said in her speech, calling it secularism … Read more
The government intends to bolster agriculture and allied sectors, including food processing, through enhanced private and public investment in post-harvest activities such as aggregation, modern storage, efficient supply chains, and marketing, finance minister Nirmala Sitharaman said while presenting the interim budget for FY25 on Thursday. The minister also said the government will formulate a comprehensive … Read more
Union Budget 2023 was the last full budget for the NDA government in India. On February 1, Finance Minister Nirmala Sitharaman presented the interim budget 2024 that focused on fiscal consolidation, infra, agri, green growth, and railways. However, no changes were made in the tax rates, which was a disappointment to salaried individuals. The Union … Read more
GDP growth Intent: The budget document is vital to understand GDP growth expected for the next year. The budget is presented two months prior to the start of the next financial year (2024-25) and within a month of the first estimate for the current year (2023-24). Higher growth estimates can mask higher deficit numbers, which … Read more
In its latest budget presentation, the Narendra Modi-led government reaffirmed its commitment to bolstering capital expenditure (capex) and maintaining fiscal discipline, a strategic stance that has characterized its financial governance in recent years. The budget showcases a significant escalation in capex, which has almost tripled in the past four years, thereby becoming a cornerstone for … Read more