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2024 Interim Budget | Fertilizer subsidy set to decline, food subsidy sees increase

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2024 Interim Budget | Fertilizer subsidy set to decline, food subsidy sees increase

A farmer sprays fertiliser on his field in Vemulapally village near Miryalguda, Nalgonda District. File | Photo Credit: Nagara Gopal The Centre has decreased fertiliser subsidies, apparently hoping that the improving situation in Ukraine and increased domestic production will help in managing the situation. The Fertilisers and Chemicals Ministry has been claiming that the increase…

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Business

Interim budget increases target for Lakhpati Didi scheme

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Interim budget increases target for Lakhpati Didi scheme

President Droupadi Murmu visits the stall during the Lakhpati Didi Sammelan, in Jaisalmer. File | Photo Credit: ANI Buoyed by its success, the Centre has decided to increase the target for ‘Lakhpati Didi’ scheme, which aims to train women’s self-help groups to earn a sustainable income of at least ₹one lakh per annum by setting…

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Business

60% cut in allocation for regional air connectivity scheme in Interim Budget

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60% cut in allocation for regional air connectivity scheme in Interim Budget

Flight take off at Chennai Airport. File | Photo Credit: B. Velankanni Raj The budgetary allocation for the regional connectivity scheme UDAN (Ude Desh Ka Aam Nagrik) has been slashed by 60% after a record-high grant last time. The fund is spent on reviving unused and underused airports in tier-2 and tier-3 cities. The government…

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Business

Budget breakdown: Which sectors gained and lost in the Interim Budget | Data

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Budget breakdown: Which sectors gained and lost in the Interim Budget | Data

Budget breakdown: Union Finance Minister Nirmala Sithaman addresses the press conference after presenting the Union Interim Budget 2024 at Parliament, at the National Media Centre, in New Delhi on Thursday. | Photo Credit: ANI A sector-wise split of the budgeted expenditure in FY25 shows that of the 26 sectors for which data was analysed, allocation…

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Business

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

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

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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Science

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

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

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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