Tag: india budget news

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: 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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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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Interim Budget 2024: Spending on IITs and IIMs declines as a share of total Budget | Data 

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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…

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India’s Budget to sustain demand for corporates: Fitch Ratings

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Finance Minister Nirmala Sitharaman holding the Budget Papers on February 01, 2023. | Photo Credit: The Hindu The higher spending, tax cuts and supportive policies announced in India’s Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates, said Fitch Ratings. “We believe the tax cuts will boost…

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