Tag: interim budget 2024

Industry welcomes Centre’s plans to augment electric vehicle ecosystem

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

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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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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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