Page 10 - Budget

White Paper record for posterity, a serious document: FM Sitharaman

She said the NDA government has the power and vision, which was lacking during the UPA's term

No quick fixes, took bold reforms to nurture economy: Govt in White Paper

The 59-page document, which compared the last two decades of the United Progressive Alliance (UPA) versus the NDA government, criticised the former for falling short of delivering on crucial reforms

Delivery of welfare schemes under Modi govt efficient: White Paper

It said during the 10-year rule of the Modi government, the amount unspent meant for schemes in social and rural sectors was just around Rs 37,064 crore

Emphasis on capex is the highlight of Interim Budget: FM Sitharaman

She also informed the Rajya Sabha that the unemployment rate in rural areas has decreased from 5.3 per cent in 2017 to 2.4 per cent in 2023

Parliament approves interim Budget 2024-25, with RS returning Finance Bill

Parliament on Thursday completed the exercise of passing the interim Budget for 2024-25, with Rajya Sabha returning the Finance Bill 2024 and the relevant appropriation bills. The Upper House also returned the appropriation bills related to the Union Territory of Jammu and Kashmir. The bills were returned to Lok Sabha after Finance Minister Nirmala Sitharaman's reply on the discussion. On Wednesday, Lok Sabha passed these bills. Rajya Sabha returned the Appropriation (Vote on Account) Bill, 2024; The Appropriation Bill, 2024; The Jammu and Kashmir Appropriation (No.2) Bill, 2024; The Jammu and Kashmir Appropriation Bill, 2024; and The Finance Bill, 2024. With Rajya Sabha returning all these money bills to Lok Sabha, the Budget process has been completed.

Highlight of interim budget emphasis on capex: FM Sitharaman in RS

Finance Minister Nirmala Sitharaman on Thursday said the highlight of interim budget is the emphasis given by the government on capital expenditure and sustaining pace of economic growth. She was replying to the general discussion on the Interim Union Budget 2024-25, Finance Bill 2024 and the Interim Budget of Union Territory of Jammu and Kashmir, 202425 in Rajya Sabha. The minister emphasised that capital expenditure for creation of public infrastructure is growing faster than real GDP growth. "With the capital expenditure being in the focus, in the last 3-4 years, we have made sure that our debt management is done in such a way that we honour the glide path for fiscal deficit that we had given in 2021," the minister said. She emphasised that money spent on capital expenditure gives return compared to revenue expenditure. "So public investment in infrastructure gives us greater returns," she said, and added the government is making sure that fiscal deficit is managed without hurt

Gujarat Assembly clears supplementary demands for grants worth Rs 7,500 cr

The Gujarat Assembly on Thursday approved supplementary demands for grants worth over Rs 7,500 crore which were incurred as additional expenditure during the financial year of 2023-24. Tabling the demands, Finance Minister Kanubhai Desai said additional funds were allocated beyond budgetary provisions to carry out pro-people work like building houses for tribals and lay new roads as well repair existing ones under the Mukhya Mantri Gram Sadak Yojana'. The minister said it is the government's resolve to provide houses to everyone. The government had initially allocated Rs 163 crore to build houses for tribals under the 'Pradhan Mantri Awas Yojana', he said. But, to cover the maximum number of beneficiaries, we had allocated an additional budget of Rs 821 crore. We have also increased scholarships for tribal students, which led to extra expenditure, said Desai. In all, the finance minister sought permission of the House for an additional expenditure of over Rs 7,500 crore spent by ..

MCD passes Rs 16,683 crore Budget for FY 2024-25 amid pandemonium

The Municipal Corporation of Delhi House on Thursday passed a budget of Rs 16,683 crore for 2024-25 financial year without a vote amid accusations of corruption against the mayor. The MCD passed the budget estimates for 2023-24 and 2024-25. AAP councillors stood guards at Delhi mayor Shelly Oberoi's podium as she announced the budget, with their BJP and Congress counterparts surrounding it. The house could function for no more than five minutes as Oberoi read the budget above shouts of accusations and hurried out. A total income of Rs 15,686.99 crore and expenditure of Rs 16,683.01 was approved by the House for the 2024-25 fiscal. The budget was passed in absence of MCD Commissioner who was supposed to present the budget followed by a vote.

Lakshadweep tourism: Island to receive Rs 3,600 cr infrastructure upgrade

Infrastructure upgrade initiative to include port facilities, roads, and beachfront amenities across Lakshadweep islands to boost domestic tourism

Andhra Pradesh govt tables interim budget of Rs 2.86 trillion for FY25

In terms of percentage, revenue deficit amounted to 2.19 percent of the GSDP while the fiscal deficit was 4.18 percent

Four state-owned banks may be approved to raise funds in H1 of FY25

Punjab National Bank eyes FPO, Central Bank of India seeks approval for OFS; move aimed at accelerating lending business and improving public participation

India Inc to press the capex pedal with Budget push, shows BS CEO poll

CEOs to take advantage of Rs 1 trn innovation fund

Mukesh Ambani to Gautam Adani: Big guns firing on the capex front

In the Interim Budget speech on Thursday, Union Finance Minister Nirmala Sitharaman said "private investments are happening at scale"

Budget session highlights: PM predicts at least 370 seats for BJP in LS

Parliament Budget Session 2024 Live Updates: Catch all the latest developments here

Kerala to see Rs 3 trn investment in three years: State FM K N Balagopal

The budget has estimated the revenue for the financial year at Rs 1,38,655 crore and expenditure of Rs 1,84,327 crore

Central govt workforce likely to decline by nearly 50,000 in 2025

The Interim Budget documents for FY25 show central government employee strength is estimated to peak in 2024 at 3.51 million, growing 12 per cent over the preceding year

Commendable eschewal of populist schemes: Motilal Oswal Fin Services CEO

Oswal states that buoyant economic activity, declining input costs, and strong corporate earnings growth will keep sentiment positive

Kerala Budget aims to increase revenue amid Centre's curbs: State FM

Kerala Finance Minister K N Balagopal on Saturday said the public will appreciate the upcoming 2024-25 budget which is aimed at increasing the revenue of the southern state that has been grappling with alleged financial restrictions by the Centre. Addressing the media here, Balagopal said the Left government has got its limitations due to financial strangulation by the union government, but the budget will be aimed at carrying forward the achievements and development of Kerala. "The public will appreciate the upcoming budget which is aimed at increasing the revenue of the state. However, the government has got its limitations. But the people have faith in the government that we will do everything for them and the state," he said. The Kerala budget will be presented on February 5. The Left leader continued his attack on the Opposition Congress-led UDF in Kerala, which on Friday boycotted the assembly just before the House passed a unanimous resolution against the union government ..

Our Budget announcements guarantee empowerment of poor, says PM Modi

Earlier today, Prime Minister Narendra Modi on Saturday inaugurated the permanent campus of the Indian Institute of Management (IIM) in Sambalpur

Interim Budget 2024: FMCG companies poised for rural demand revival

Budget schemes to revive demand over a period of time