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The Finance Minister had stated in her address that more than two-thirds of the taxpayers had availed the new regime in the previous fiscal year. | Photo Credit: The Hindu Altering the structure for taxation of income under the new regime, Finance Minister Nirmala Sitharaman on Tuesday revised the tax slabs whilst retaining the erstwhile corresponding…
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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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…
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…
Higher education Budget allocation: Indian Institute of Technology (IIT) Delhi main gate, in New Delhi. | Photo Credit: Sandeep Saxena In FY25, the government is expected to spend ₹47,619 crores on higher education. The allocation declined by ₹9,624 crore, when compared with the revised estimates for the year FY24. The reduction in overall spending on…