Page 26 - Finance Minister

Interim Budget: Share of capex allocation jumps to 30-year high in FY25

The headline figure of Rs 11.1 trn is 11.1% higher than FY24, says Finance Minister

Interim Budget: Improved fiscal resilience amid modest tax buoyancy

The Interim Budget had assumed nominal GDP growth of 10.5 per cent of GDP, but First Advance Estimates placed it at 8.9 per cent

Budget 2024: Sitharaman bats for developing iconic tourist destinations

The finance minister announced that long-term interest-free loans will be provided to states for financing the development of iconic tourist centres

Interim Budget: Rama's radiance in FM Sitharaman's six yards of optimism

The Opposition made only half-hearted efforts to interrupt the speech and did not appear to notice that in the Budget speech, the Prime Minister was quoted five times

Interim Budget 2024-25: 'Commitment to fiscal prudence and growth'

India has emerged as one of the most preferred destinations for global investors

Interim Budget 2024: 'A transformative yet prudent financial statement'

Overall, the government has presented a forward-looking Budget with enough assurances to trust it to lay down the roadmap through the full Budget and sticking to GDP

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

On path to achieving fiscal deficit target of 4.5% by FY26: FM Sitharaman

Interim Budget: Revenue Secretary Sanjay Malhotra said that the removal of tax old tax disputes is likely to cost the Centre around Rs 3,500 crore

Interim Budget: 'Fiscally prudent, growth-promoting pronouncement'

The underlying nominal GDP growth assumption of 10.5 per cent for the Budget and tax collection estimates are realistic

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: Here's how political leaders reacted to the Interim Budget

Union Finance Minister Nirmala Sitharaman presented the Interim Union Budget 2024 today, following which reactions from various political parties have come in

FM talks up green energy, proposes rooftop solar power for 10 mn homes

Interim Budget proposal will save up Rs 18,000 annually for households, says Nirmala Sitharaman

Govt to borrow Rs 14.13 trn from market in FY25 to meet revenue shortfall

Finance Minister Nirmala Sitharaman on Thursday proposed to borrow Rs 14.13 lakh crore by issuing dated securities to meet revenue shortfall in the next financial year starting on April 1. This is lower than last year's gross borrowing estimate of Rs 15.43 lakh crore, which was the highest ever. The lower borrowing estimate for 2024-25 is on account of growing tax revenue and the government's resolve to meet its fiscal consolidation roadmap. About net borrowing estimate, Sitharaman while presenting the interim Budget for 2024-25 said it would be Rs 11.75 lakh crore during the next financial year. As a result, the government would make repayment of Rs 2,37,818 crore during the year. "The gross and net market borrowings through dated securities during 2024-25 are estimated at Rs 14.13 and Rs 11.75 lakh crore respectively. Both will be less than that in 2023-24. Now that the private investments are happening at scale, the lower borrowings by the Central Government will facilitate lar

Budget 2024: Rs 928 cr allocated to CBI, down by Rs 40.4 cr from last yr

The Centre has allocated Rs 928.46 crore to the Central Bureau of Investigation in the Union Budget 2024-25 announced by Finance Minister Nirmala Sitharaman on Thursday, a snip of over Rs 40.4 crore from FY 2024. The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates. The government has allocated Rs 928.46 crore to the agency for 2024-25, the interim Budget presented by Sitharaman on Thursday said. "The provision is for establishment-related expenditure of the Central Bureau of Investigation which is entrusted with investigation and prosecution in corruption cases against public servants, private persons, firms and other cases of serious crimes," it said. The document said the allocation also includes provision for various projects such as modernisation of training centres of the CBI, establishment of technical and forensic support units, comprehensive modernisation and

Govt targeting to help 30 mn women become 'Lakhpati Didis': FM Sitharaman

Prime Minister Narendra Modi last year launched the 'Lakhpati didi Yojana', which seeks to give training to women associated with self-help groups

Govt to add more medical colleges by utilising existing infra: Sitharaman

The government plans to set up more medical colleges by utilising existing hospital infrastructure and will set up a committee to examine the matter, Finance Minister Nirmala Sitharaman said while presenting the interim Budget for 2024-2025 on Thursday. The minister also said that the government will encourage vaccination for girls in the 9-14 year age group for the prevention of cervical cancer. Various schemes for maternal and child healthcare will be brought under one comprehensive programme for synergy in implementation, Sitharaman said in Parliament. "Several youth are ambitious to get qualified as doctors. They aim to serve our people through improved healthcare services. Our government plans to set up more medical colleges by utilising the existing hospital infrastructure under various departments. "A committee for this purpose will be set up to examine the issues and make relevant recommendations," Sitharaman said. The newly designed U-WIN platform for managing immunisatio

Budget 2024: FM Sitharaman announces three new railway economic corridors

Union Finance Minister Nirmala Sitharaman also proposed that around 40,000 trains running as part of the Indian Railways will be upgraded to Vande Bharat trains

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

Global affairs becoming more complex, challenging with wars: FM Sitharaman

Finance Minister Nirmala Sitharaman on Thursday said the global situation is becoming more complex and challenging due to wars and conflicts in different parts of the world. The Russia-Ukraine conflict and the Israel-Hamas war have disrupted the global supply chains, impacting trade. The minister, while presenting the interim Budget, said that the new world order is emerging and India has successfully navigated the global challenges in fuel and fertiliser price spike. She also said that strengthening the financial sector in the country has helped make savings, credit and investments more efficient. All forms of infrastructure are being built in record time, she said. The government has also provided transparent, accountable, trust-based administration with a citizen-first approach.