Tag: budget news

Interim Budget 2024 | Thrust for PM Vishwakarma Scheme, cluster projects for MSMEs

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New Delhi: Union Finance Minister Nirmala Sitharaman speaks in Rajya Sabha during the Budget session of Parliament, in New Delhi, Friday, Feb. 2, 2024. | Photo Credit: PTI With an allocation of ₹22,137.95 crores in the interim budget 2024, the Micro, Small and Medium-Scale Enterprises (MSMEs) sector will see establishment of more clusters and new…

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

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

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

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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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Budget 2024: PM Poshan, Samagra Shiksha allocations much lower than pre-pandemic years | Data

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Education scheme budget: Students in a classroom in Radhakrishnapur High School which uses innovative means for the upliftment of their students. | Photo Credit: DEBASISH BHADURI In FY25, the government is expected to spend ₹73,008 crore on school education. The allocation marginally increased by ₹534 crore, when compared with the revised estimates for the year…

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Key takeaways from interim Budget 2024-25 in charts

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India’s Finance Minister Nirmala Sitharaman during the Vibrant Gujarat Global Summit in Gandhinagar, Gujarat, India, on Thursday, Jan. 11, 2024.  | Photo Credit: Bloomberg The Finance Minister presented her sixth budget today. Her announcements ranged from railways, tourism, healthcare, technology, aviation, green energy, aquaculture, housing, and more. With regards to taxation, no changes were announced to…

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Budget 2024: Spending on rural development increases marginally, but not all schemes benefit | Data

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Rural development schemes: Workers engaged in the MNREGS works at Siddharampuram in Anantapur district. | Photo Credit: Prasad RVS In FY25, the government is expected to spend ₹2,65,808 crore on rural development. The allocation marginally increased by ₹26,824 crore, when compared with the revised estimates for the year FY24. However, the increase in the overall…

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