Tag: interim budget

2024 Interim Budget | Fertilizer subsidy set to decline, food subsidy sees increase

February 1, 2024 admin

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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Interim budget increases target for Lakhpati Didi scheme

February 1, 2024 admin

President Droupadi Murmu visits the stall during the Lakhpati Didi Sammelan, in Jaisalmer. File | Photo Credit: ANI Buoyed by its success, the Centre has decided to increase the target for ‘Lakhpati Didi’ scheme, which aims to train women’s self-help groups to earn a sustainable income of at least ₹one lakh per annum by setting…

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Committee will study ‘fast population growth’ and demographic changes: Nirmala Sitharaman

February 1, 2024 admin

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: Textile Industry: Textile industry expresses disappointment

February 1, 2024 admin

The textile and apparel industry, while welcoming extension of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for two years, has expressed disappointment over unchanged Import Duties. Cotton Textiles Export Promotion Council chairman Sunil Patwari said continuation of the RoSCTL was essential for the long-term trade planning. Orders could be placed in…

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2024 Interim Budget | Marginal rise in allocations for farming, fisheries

February 1, 2024 admin

Watch | Marginal increase in allocations to agriculture, fisheries, and animal husbandry Maintaining that the ‘annadata’s’ welfare is the highest priority of the Centre, Union Finance Minister Nirmala Sitharaman said in her Budget that farmers’ empowerment and well-being will drive the country forward. The allocation for the Agriculture Ministry is ₹1,17,528.79 crore, an increase of…

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The Hindu Daily Quiz | On Union Budget – Feb 1, 2024

February 1, 2024 admin

Daily Quiz | On Union Budget Former Finance Minister Yashwant Sinha presented the budget at 11 a.m., for the first time, instead of doing it at 5 p.m. START THE QUIZ 1 / 5 | The Government presents it on the first day of February so that it can be materialised before the beginning of…

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2024 Interim Budget | Space gets nominal hike, likely boost for spaceflight start-ups

February 1, 2024 admin

A PSLV rocket carrying the X-Ray Polarimetry Satellite (XPoSat) lifts off from the Sriharikota spaceport, January 1, 2024. | Photo Credit: ANI/ISRO With no major space missions slated for 2024, the Department of Space has recieved only a nominal hike of 4% in its allocation in the Interim Union Budget for 2024-25, from ₹12,545 crore…

Science

2024 Interim Budget | India increasing allocation for Maldives, ₹400 crore revised to ₹770.9 crore

February 1, 2024 admin

The Maldives, which was in hot water over boycott calls, has seen a hike in budgetary allocation for the Maldives from ₹400 crores in 2023-24 to ₹770.90 crores in the current fiscal. | Photo Credit: AFP India’s neighbourhood received a substantial share of the annual allocation under the Ministry of External Affairs for the 2024-25…

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Budget 2024 | Road sector budget sees a nominal hike of 2.7%

February 1, 2024 admin

The Centre has allocated ₹1.68 lakh crore to NHAI in the interim Budget. File | Photo Credit: PTI After a massive jump in allocation every consecutive year in the recent past, this year’s budgetary allocation for the road sector saw a measly 2.7% increase. The Interim Budget set aside ₹2,78,000 crore for the Ministry of…

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Government approves extension of subsidy scheme on sugar supplied to AAY families by 2 years till March 2026

February 1, 2024 admin

A view of the stock point in Vijayawada. | Photo Credit: K.V.S. Giri The government on February 1approved the extension of subsidy scheme for sugar supplied to 1.89 crore Antyodya Anna Yojna (AAY) families through ration shops for two years till March 31, 2026. The Union Cabinet, chaired by Prime Minister Narender Modi, approved extension…

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