Page 2 - Budget

Building the bonds of Viksit Bharat: A leap towards India's vision

Budget reforms will redefine the financial system by fostering inclusion, competition, and efficiency. Financial institutions will benefit from enhanced market depth and improved liquidity

Will deliver everything that we have promised: Delhi CM Rekha Gupta

She said, "The only government that approved 33 percent reservation is Narendra Modi's government. We will work for the welfare and security of women. We will deliver everything that we have promised"

J-K CM presents Rs 1.12 trn budget with focus on inclusive growth

Chief Minister Omar Abdullah on Friday presented a zero-deficit budget in the Jammu and Kashmir assembly, announcing an outlay of Rs 1.12 lakh crore for 2025-2026 and emphasising multi-sector welfare and development of the Union Territory. Abdullah, who also holds the finance portfolio in the National Conference-led government, presented his maiden budget in the legislative assembly. Jammu and Kashmir, which was accorded the Union Territory status after Ladakh was carved out as a separate UT in 2019 following the abrogation of Article 370, has witnessed its first annual budget since 2018 when the erstwhile PDP-BJP government tabled the then state's document of annual finances. Amid thunderous applause, Abdullah began his speech with a Persian couplet and said, "I stand before you today to present my first budget as Finance Minister, marking the first budget of a collective government in seven years. While it is an honour, I am acutely aware of the weight of responsibility that comes

Delhi govt to present 2025-26 budget between March 24-26: CM Rekha Gupta

Chief Minister Rekha Gupta on Monday said the Delhi government will present the 'Viksit Delhi' budget for 2025-26 in the assembly between March 24 and 26. Addressing a press conference, she said the budget will be prepared after incorporating suggestions from various sections of society. "To make this a people's budget, we will meet representatives from different women's organisations on March 5 on the assembly premises. Additionally, we will hold discussions with stakeholders from the education sector and traders on March 6," the chief minister said. She also shared an email ID and a WhatsApp number where Delhi residents can send their suggestions for the budget. Gupta reiterated that all promises made in the BJP's 'Sankalp Patra' will be fulfilled and that her government is working on a war footing in this direction. Further, Gupta said that only two Comptroller and Auditor General (CAG) reports have been tabled in the assembly so far and they have already exposed multiple ...

Bihar Budget: Tejashwi demands Rs 2,500 monthly cash aid for poor women

A day before the Nitish Kumar government in Bihar is scheduled to present its last budget ahead of the assembly elections this year, RJD leader Tejashwi Yadav on Sunday demanded an increase in social security pensions and cash transfer of Rs 2,500 per month to poor women. Yadav, the leader of the opposition in the assembly, said he expected that the government would announce 200 units of free electricity for all consumers in the state. Deputy Chief Minister Samrat Choudhary, who also holds the finance portfolio, will table the state budget for the financial year 2025-26 in the assembly on Monday. Talking to reporters Yadav alleged, "The NDA government at the Centre as well as in the state are least bothered about the welfare of the people of Bihar." He also claimed that the social security pensions have not been increased by the state government for the last 20 years. The leader of the opposition said, "The amount paid to people above 60 years, widows, and people with disabilities

UP, Gujarat, Odisha continue fiscal consolidation despite populist schemes

Uttar Pradesh, Gujarat, and Odisha budgets maintain revenue surpluses despite welfare schemes, while Rajasthan and West Bengal face high debt, fiscal deficits, and low capital outlay

UP Finance Minister Suresh Khanna presents Rs 8.09 trn Budget for FY26

Uttar Pradesh Finance Minister Suresh Kumar Khanna on Thursday presented the Budget for financial year 2025-26 in the state assembly with an outlay of Rs 8,08,736.06 crore, 9.8 per cent higher than this fiscal's Budget outlay. The total outlay for financial year 2025-26 of Rs 8,08,736.06 crore includes new schemes worth Rs 28,478.34 crore, the state finance minister said while presenting the Budget. The size of the state's Budget for 2024-25 was Rs 7,36,437 crore, which included new schemes worth Rs 24,863.57 crore. For the next fiscal, the state government's Budget has estimated the total receipts at Rs 7,79,242.65 crore, which includes revenue receipts estimated at Rs 6,62,690.93 crore and capital receipts at Rs 1,16,551.72 crore. The share of tax collection in revenue receipts is estimated at Rs 5,50,172.21 crore, which includes the state's own tax revenue of Rs 2,95,000 crore and its share in the central tax pool at Rs 2,55,172.21 crore. The total expenditure is estimated at R

Odisha CM presents Rs 2.90 trn Budget for FY26, focuses on agri, irrigation

Odisha Chief Minister Mohan Charan Majhi on Monday presented a Rs 2.90-lakh crore state budget for the 2025-26 fiscal (FY'26) with a focus on agriculture and irrigation. Noting that around 48 per cent of the state's workforce depends on agriculture and 80 per cent of people live in rural areas, Majhi, who also holds the finance portfolio, said that his government allocated Rs 37,838 crore for the farm and allied sector in the budget. The allocation proposed for the farm sector reflects an increase of nearly 12 per cent, Majhi said while presenting the budget in the assembly. He also said the estimates for the sector include an allocation of Rs 2,020 crore for 'CM Kisan Yojana' and Rs 600 crore for the 'Shree Anna Abhiyan' for the promotion of millets. This was the first full-fledged budget of the BJP government after the party came to power in the state last year. Majhi had presented an interim budget of Rs 2.65 lakh crore for the 2024-25 fiscal in July last year. During his budg

Assam Budget session to commence on Feb 17, will unite people: Dy speaker

Numal Momin further mentioned that several important bills are likely to be introduced in the session

MCD presents Rs 17,000 crore budget, sanitation gets highest allocation

The Municipal Corporation of Delhi (MCD) on Thursday presented a budget of Rs 17,000 crore for the next financial year with sanitation receiving the highest allocation of Rs 4,907.11 crore. Besides sanitation, infrastructure development, education and waste management, have been focused upon in the MCD budget. In waste management, the MCD plans to establish waste-to-energy plants in Narela-Bawana (3,600 TPD) and Ghazipur (3,000 TPD), along with bio-CNG plants in Okhla, Ghogha Dairy, and Ghazipur to process 750 metric tons of waste daily. The special budget meeting also announced that work is underway to set up bio-methanisation plants with a capacity of 200 metric tons per day, expected to be completed by March 2025. Under its green initiatives, the MCD has planted over 1.8 lakh trees by December 2024 and developed eight Miyawaki micro-forests, the budget copy read. The horticulture department has been allocated Rs 393.26 crore, compared to Rs 586.58 crore last year, it ...

WB Budget's focus on revenue over capex signals poll-year populism: Experts

The West Bengal government's budgetary proposals for a sharp increment in revenue expenditure coupled with a marginal rise in capital outlay for the 2025-26 fiscal look like one that has its eyes clearly set on the state elections due next year, experts said. The budget, tabled before the West Bengal assembly on Wednesday, proposed significant cash dole-outs under the revenue expenditure head, pegged at over Rs 30,000 crore higher in 2025-26 than the revised estimates of the current fiscal of 2024-25, but tendered an increase of less than Rs 12,000 crore under capital outlay for the same period. Revenue expenditures of an organisation are short-term expenses used to service its ongoing operational costs, including salaries of employees, overhead costs and financing welfare schemes, while capital expenditures (capex) are funds used for one-time creation of fixed assets that are expected to generate revenue over a longer period. Figures from the state budget revealed that the Bengal .

BMC Budget 2025 highlights: Slum biz tax, parking, zoo upgrade, and more

BMC unveils record ₹74,427 crore Budget for FY 2025-26, a 14% increase from last year

BMC allocates Rs 1,000 cr for BEST bus services in FY 2025-26 budget

The Brihanmumbai Municipal Corporation (BMC) has in its budget for the financial year 2025-26 allocated Rs 1,000 crore for the civic bus services BEST, acknowledging its financial challenges. The Brihanmumbai Electric Supply and Transport (BEST) undertaking, the second-largest public transport system in the metropolis after suburban trains, operates a fleet of around 3,000 buses, serving more than 30 lakh commuters daily. In the budget document presented on Tuesday, the BMC stated that despite its own financial commitments, it has made the provision considering BEST's financial position. "Although BMC itself has a huge requirement of funds towards its ongoing projects and other important objectives, a total provision of Rs 1000 crore is proposed in 2025-26 as a grant to BEST undertaking considering its financial position," the document stated. As per the budget documents, the funds will be used for infrastructure development, capital equipment purchases, loan repayments, wet lease

Tax incentives will not lead to inflation: Revenue and Finance Secretary

He is confident of the government achieving 14.4 per cent growth in income-tax collection even after forgoing Rs 1 trillion revenue

Union Budget announcements like sixer on full toss ball: PHDCCI President

Industry body PHDCCI on Saturday termed the announcements made in the Union Budget as a "sixer on a full toss ball" which will drive growth across sectors improving infrastructure and enhancing governance. In an interview to PTI, its President Hemant Jain said the key focus areas in the Budget 2025-26 included taxation, power, urban development, mining, the financial sector, and regulatory reforms, are major ingredients of development. "It's like a sixer on a full toss ball. These areas will drive growth, improve infrastructure, enhance governance, and ensure sustainable development across various sectors," said Jain, who is also the Managing Director of KLJ Industries. Union Finance Minister Nirmala Sitharaman tabled record eighth Union Budget in Lok Sabha on Saturday. The size of the Budget at Rs 47.16 lakh crore, including a capital expenditure of Rs 10.1 lakh crore, will boost the economy, he said. On the tax related announcements, Jain said it is a strong step to boost the mi

Budget 2025 boosts hospitality, health, education: Chef Manish Mehrotra

Through the announcements made in this Budget, there will be some job creation but more is required, Mehrotra said

From 2 hrs 40 mins to 1 hr 14 mins: Sitharaman's Budget speech evolution

From marathon speeches to concise presentations, Nirmala Sitharaman's Budget journey spans from a record 2 hours 40 minutes in 2020 to a crisp 1 hour 14 minutes in 2025

36 life-saving medicines fully exempted from customs duty: FM Sitharaman

Budget 2025: This decision is part of a broader push to make essential healthcare more affordable, especially for cancer patients struggling with the high costs of treatment

Union Budget 2025: 10,000 new medical seats, boost for IITs, AI push

Union Budget 2025 announces 10,000 new medical seats, expansion of IITs, Rs 500 crore for AI in education, and a strong focus on upskilling and inclusive growth

Who's behind Budget 2025? Meet Nirmala Sitharaman's top policymakers

As Nirmala Sitharaman prepares to present Budget 2025, meet the key policymakers shaping India's economic roadmap, from revenue reforms to spending strategies