Page 11 - Budget Session

Interim Budget 2024 highlights: Capex from govt will continue, says FM

Union Budget 2024 LIVE updates: FM Sitharaman in her Interim Budget speech stated the Centre is working towards making India 'viksit' by 2047. Catch the latest updates here

Budget 2024: Govt allocates Rs 600 crore as grant to Maldives for FY25

Budget 2024: India has allocated Rs 600 crore as grant to the Maldives in FY25 (BE). This is 28.33% lower than RE for FY24, but 50% higher than the Rs 400 allocated in BE for FY24

Interim Budget 2024 unveils growth path with fiscal prudence: Economists

Finance Minister Nirmala Sitharaman announces fiscal measures aiming at sustainable growth and fiscal consolidation, drawing positive reactions from economists

Budget 2024: Industry leaders 'happy' with Modi govt's 'prudent' budget

Budget 2024 Updates: Finance Minister Nirmala Sitharaman presented her sixth budget, an interim one on February 1, ahead of the Lok Sabha elections scheduled for this year

Budget 2024: What did FM Sitharaman say on education, Skill India Mission

The Centre proposes opening of new medical colleges and upgrade Anganwadi centres in the Interim Budget 2024

Budget 2024 targets cervical cancer, which kills 8 Indian women every hour

Budget 2024 updates: In the interim budget 2024, Sitharaman proposed to boost vaccination against cervical cancer, the fourth most common cancer in women globally

Realty sector reacts on Budget with cautious optimism, hails PMAY expansion

The real estate sector echoed a sentiment of cautious optimism while reacting to the interim Budget presented by Union Finance Minister Nirmala Sitharaman in the Lok Sabha on Thursday. A M Karthik, senior vice-president and co-group head at ICRA Ltd, emphasised the positive impact of the Budget on affordable housing demand. Karthik predicted a surge in demand for affordable housing units following the Centre's announcement of an additional two crore housing units under the PMAY (Grameen) and a proposed housing scheme for the middle class. Noting the potential benefits for housing finance companies, he anticipated a boost in credit flow to these segments. "While liquidity at this juncture looks tight, a lower GOI borrowing programme in the next fiscal could temper the funding cost increase of these lenders," he said. Samantak Das, chief economist and head of research and REIS, India, JLL, noted the absence of major announcements but highlighted the government's focus on fiscal prud

Budget 2024: What is 'Blue Economy 2.0' announced to boost aquaculture

Budget 2024: Nirmala Sitharaman presented her sixth consecutive budget, an interim one, in the Parliament on Thursday

'Budget for future of Bharat', PM Modi congratulates countrymen: Top quotes

Budget 2024: Congratulating Sitharaman and her team, PM Modi said the interim Budget presented today, "guarantees to strengthen the foundation of Viksit Bharat in 2047"

India negotiating bilateral investment treaties with different nations: FM

India is negotiating bilateral investment treaties with different countries with a view to promote foreign inflows, Finance Minister Nirmala Sitharaman said on Thursday. She said that foreign direct investment (FDI) has doubled during 2014-23 to USD 596 billion compared to the inflow received during 2005-14. "For encouraging sustained foreign investment, we are negotiating bilateral investment treaties with our foreign partners, in the spirit of 'first develop India'," she said while presenting the interim Budget 2024-25. India is negotiating this treaty with countries such as the UK. These investment treaties help in promoting and protecting investments in each other's countries. These pacts are important as India has earlier lost two international arbitration cases against British telecom giant Vodafone and Cairn Energy plc of the UK over the retrospective levy of taxes. Foreign direct investment (FDI) equity inflows in India declined 24 per cent to USD 20.48 billion in ...

Budget 2024: What did FM Nirmala Sitharaman say on green mobility and EV

The Centre proposes mandatory blending of natural gas for transport, building a strong electric vehicle ecosystem and encouraging entrepreneurship among youth in the Interim budget 2024 speech

WATCH: Sitharaman infuses her Budget 2024 speech with PM Modi's quote

Speaking on the second day of the Budget session in the Parliament, Sitharaman began her sixth budget address, giving an extensive report card of the Narendra Modi government's decade-long tenure

Budget 2024: What did FM Nirmala Sitharaman say on domestic tourism

From interest-free loans to Lakshadweep and island connectivity, here is everything Finance Minister Nirmala Sitharaman said on tourism in the Interim Budget 2024

Budget 2024: FM announces Rs 1 trillion corpus for research in technology

'A corpus of Rs 1 trillion will be established with 50-year interest free loan provided,' announced Union Finance Minister Nirmala Sitharaman in her Budget speech on Thursday

Interim Budget: Housing scheme for 'deserving' middle class soon, says FM

FM Nirmala Sitharaman also said that India is close to achieving the target of 30 million houses under the rural housing scheme

Budget 2024: 'Governance, development, performance,' FM redefines GDP

Budget 2024: Emphasising the government's narrative of inclusive growth, Sitharaman said the next five years will have golden moments in the Indian economy

Expect our govt will be blessed again by people with resounding mandate: FM

Finance Minister Nirmala Sitharaman on Thursday expressed hope that the BJP-led government will be blessed again by the people with a resounding mandate in the forthcoming general elections. The elections to the Lok Sabha will be held in the next few months. "Based on stupendous work, we expect our government will be blessed again by the people with a resounding mandate," she said. She also said India overcame challenges of Covid-19, created foundations for self-reliant India. India was facing enormous challenges when the Modi government took office in 2014, and it overcame those in right earnest, Sitharaman said.

FM unveils interim budget, says economy going through profound change

Modi is leading the election race by a distance because of his personal popularity and the government is under little pressure to announce populist schemes, analysts say

Budget 2024: Sitharaman tables sixth budget, equals Morarji Desai's record

Budget 2024: This year's budget is an interim one, where the government only seeks advance grants to meet the country's expenditure till a new government takes charge after the Lok Sabha elections

Budget 2024: PM Modi-led Union Cabinet clears pre-election interim Budget

The Union Cabinet headed by Prime Minister Narendra Modi on Thursday approved the pre-election budget 2024-25, sources said. Following this, Finance Minister Nirmala Sitharaman will present her sixth budget in the Lok Sabha. She will equal the record of former Prime Minister Morarji Desai. Sitharaman, the first full-time woman finance minister of the country, has presented five full budgets since July 2019 and will present an interim or vote-on-account budget on Thursday. With this, she will surpass the records of her predecessors like Manmohan Singh, Arun Jaitley, P Chidambaram, and Yashwant Sinha, who had presented five budgets in a row. Desai, as finance minister, had presented five annual budgets and one interim budget between 1959 and 1964. The interim budget 2024-25 will be a vote-on-account that will give the government authority to spend certain sums of money till a new government comes to office after the April-May general elections.