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Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year

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Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year

The biggest cut is for space technology, under ‘Central Sector Schemes’, of ₹1,093.84 crore.  The Department of Space expenditure has been slashed by 8% in the 2023-24 Union Budget, down to ₹12,543.91 crore, from ₹13,700 crore in the previous Budget estimate. However this is 19% higher than the revised estimate from the last fiscal. The…

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Budget 2023 | MGNREGS fund cut by 33% to 60,000 crore

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Budget 2023 | MGNREGS fund cut by 33% to 60,000 crore

The Congress general secretary for communications and former Rural Development Minister Jairam Ramesh also expressed dismay at the sharp cut. Image for representation purpose only. | Photo Credit: K.K. Mustafah In line with the recent trend of slashing the budget of its flagship rural jobs scheme, the Union Budget allocated only ₹60,000 crore for the…

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‘Mission mode’ for tourism in Union Budget, but no increase in allocation

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‘Mission mode’ for tourism in Union Budget, but no increase in allocation

The Union Budget 2023 incentivised domestic tourism for the middle class, announcing sector-specific skilling and entrepreneurship development to achieve the objectives of the Dekho Apna Desh initiative. Image for representation purpose only. | Photo Credit: H.S. Manjunath Upto 50 new tourist destinations will be developed; an information-driven app will be created for tourists; and ‘’Unity…

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Budget 2023 | ₹7,000 crore for next phase of eCourt project will improve justice delivery system: Rijiju

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Budget 2023 | ₹7,000 crore for next phase of eCourt project will improve justice delivery system: Rijiju

Union Law Minister Kiren Rijiju said Phase III of eCourts Project will build on the gains made by the earlier two phases that proved crucial in the delivery of justice during the COVID-19 pandemic when courts were under lockdown protocol. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday allocated ₹7,000 crore for…

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Chief Minister Gehlot criticises Budget for reducing MGNREGS allocation, says disappointing for Rajasthan

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Chief Minister Gehlot criticises Budget for reducing MGNREGS allocation, says disappointing for Rajasthan

Rajasthan Chief Minister and senior Congress leader Ashok Gehlot | Photo Credit: PTI Rajasthan Chief Minister Ashok Gehlot on February 1 criticised the Union Budget for neglecting the important areas of education, health and social justice and reducing the allocation by 33% for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which had proved…

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Explained | Budget 2023: What are laboratory-grown diamonds as announced by Finance Minister Nirmala Sitharaman

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Explained | Budget 2023: What are laboratory-grown diamonds as announced by Finance Minister Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023. | Photo Credit: ANI The story so far: The 2023 Union Budget shines special attention on laboratory-grown diamonds (LGD). In her Budget speech, Finance Minister Nirmala Sitharaman said that the sector has “high employment potential” and announced a number of schemes to promote their research…

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Budget 2023 | 19.6% hike in sum to Ministry of AYUSH; allocation to Ayurveda institute doubles

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Budget 2023 | 19.6% hike in sum to Ministry of AYUSH; allocation to Ayurveda institute doubles

Union Minister for AYUSH Sarbananda Sonowal. File | Photo Credit: PTI The Ministry of AYUSH (MoAYUSH) has received a nominal increase of 19.6% in the 2022-23 Union Budget, a sum of ₹3,647.5 crore versus the previous Budget estimate of ₹3,050. This is far higher than the Ministry’s previous hike of 2.6%. The MoAYUSH is responsible…

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Budget 2023 | ₹16,361 crore allocated for Ministry of Science and Technology

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Budget 2023 | ₹16,361 crore allocated for Ministry of Science and Technology

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Rajya Sabha on the second day of Budget Session of Parliament in New Delhi on Wednesday. | Photo Credit: ANI The Ministry of Science & Technology has received an allocation of ₹16,361.42 crore in the Union Budget, a nominal increase of 15% from…

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Budget 2023 | Defence budget rises 13%; revised estimate for pension rises

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Budget 2023 | Defence budget rises 13%; revised estimate for pension rises

The Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday allocated ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. The non-salary revenue outlay has gone up by 44% from ₹62,431 crore the previous year to ₹90,000 crore in the Budget Estimates of 2023-24. The hike is particularly significant given the huge increase in operational…

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Budget 2023 | Lab Grown Diamond segment gets leg up with duty cut, R&D support

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Budget 2023 | Lab Grown Diamond segment gets leg up with duty cut, R&D support

A worker in one of the oldest and largest diamond polishing units of Surat checking its dazzle. File image for representation | Photo Credit: Vijay Soneji To harness the potential of Lab Grown Diamond (LGD) or synthetic diamond segment, the Union Budget 2023-24 presented by the Finance Minister Nirmala Sitharaman has laid emphasis on research…

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