Tag: budget 2024

Rise in allocation for school, higher education in interim Budget

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Rise in allocation for school, higher education in interim Budget

Photo used for representation purpose only. | Photo Credit: K.K. Mustafah The allocation for the departments of Higher Education and School Education, under the Union Education Ministry, has been increased in the Interim Budget presented by Union Finance Minister Nirmala Sitharaman in New Delhi on February 1. Schemes such as PM Schools for Rising India…

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

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

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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Industry welcomes Centre’s plans to augment electric vehicle ecosystem

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Industry welcomes Centre’s plans to augment electric vehicle ecosystem

Indian Bank Managing Director and CEO S.L. Jain says that the government’s focus on infrastructure, and support for EV manufacturing and charging infrastructure, aligns well with the nation’s developmental goals. | Photo Credit: Special Arrangement The Centre will focus on expanding and strengthening the electric vehicle ecosystem with supporting charging infrastructure in its move towards…

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2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation

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2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation

In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. In the interim…

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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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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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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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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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Budget 2024 | One crore households to get 300 units free electricity every month through rooftop solarisation

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Budget 2024 | One crore households to get 300 units free electricity every month through rooftop solarisation

Watch | One crore households to get 300 units free electricity every month through rooftop solarisation Taking cue from Prime Minister Narendra Modi’s assurance following the Ayodhya temple consecration that one crore households will be electrified via rooftop solar installations, Union Finance Minister Nirmala Sitharaman in her Interim Budget 2024-25, reiterated that commitment. “Through rooftop…

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