Page 2 - Union budgets

Budget 2024: Mere 0.5% boost to department of drinking water and sanitation

The Department of Drinking Water and Sanitation has received a budgetary allocation of Rs 77,390.68 crores for the fiscal year 2024-2025. This figure reflects a minimal increase of only 0.5 per cent from the revised estimate of Rs 77,032.65 crore announced in budget 2023-2024. A substantial portion of this financial year's allotment for the Drinking Water and Sanitation department is directed towards the Jal Jeevan Mission (JJM), which received Rs 69,926.65 crore, a marginal rise from the revised estimate of Rs 69,846.31 crore in 2023-2024. This flagship programme aims to provide functional household tap connections to every rural household by 2024, focusing on ensuring regular and adequate water supply. Additionally, the Dr Syama Prasad Mookerjee National Institute of Water and Sanitation (SPM-NIWAS) has been allocated Rs 95 crore, a huge rise from the Rs 3 crore it got in the last revised estimate. The Swachh Bharat Mission (Gramin), which focuses on maintaining Open Defecation

Union Budget 2024: Budget allocation for Ladakh rises by 32% to Rs 5,958

The Centre has allocated Rs 5,958 crore for the Union Territory of Ladakh in the Union Budget 2024-25 announced on Tuesday, a massive 32 per cent rise from last year's allotment of Rs 4,500 crore. The Ladakh UT, which was carved out of Jammu and Kashmir after the abrogation of Article 370 in 2019, has received Rs 2,035.49 crore for establishment expenditure of the Centre to meet its secretariat-related expenses and establishment of other departments and offices. The Budget, announced by by Finance Minister Nirmala Sitharaman, has allocated to Ladakh Rs 3,922.51 crore for other Central sector expenditure, including agriculture and allied schemes, water supply and sanitation, rural development, power, forestry and wildlife, medical and public health, and education among other departments.

Union Budget 2024 scraps Rs 15,000 crore mega net zero fund for OMCs

Originally announced as a Rs 30,000 crore fund in Budget 2023, the fund was never disbursed

Census, NPR unlikely in 2024 too as only Rs 1,309.46 cr allocated in Budget

The Budget 2024-24 on Tuesday allocated Rs 1,309.46 crore for census, a significant reduction from 2021-22 when Rs 3,768 crore was allocated for the decadal exercise, an indication that it may not be carried out even after a significant delay. A meeting of the Union cabinet on December 24, 2019 had approved the proposal for conducting census of India 2021 at a cost of Rs 8,754.23 crore and updating the National Population Register (NPR) at a cost of Rs 3,941.35 crore. The house listing phase of the census and the exercise to update the NPR were scheduled to be carried out across the country from April 1 to September 30, 2020 but were postponed due to the COVID-19 outbreak. The census operation continues to be on hold and the government has not yet announced the new schedule. Officials said since general elections had taken place this year, the census exercise will not be able to be carried out in 2024. According to the Budget 2024-25, Rs 1,309.46 crore has been allocated for censu

Budget 2024: Modi 3.0 govt simplifies taxes, fosters foreign investments

India Budget 2024 tax rules: In order to achieve the vision of simplifying taxes, FM Nirmala Sitharaman announced a comprehensive review of the Income Tax Act, 1961

Union Budget 2024: Where does the govt get its money, where does it go?

Union Budget 2024-25: The fiscal deficit is estimated at 4.9% of the GDP for the current financial year and the government aims to reduce it to below 4.5% next year

Credit guarantee to Rs 20 lakh Mudra loan: FM on MSMEs in Budget 2024

Union Budget 2024-25: Finance Minister Nirmala Sitharaman announced the continuation of bank credit to micro, small, and medium enterprises (MSMEs) during stress periods

Union Budget 2024: Kaveri Seed up 14%; govt to release high yielding crops

Union Budget 2024 news: Finance Minister Nirmala Sitharaman said the government will release new 109 high yielding, climate resilient seeds for 32 field and horticulture crops

Budget 2024: Sitharaman outlines 9 priorities for 'Viksit Bharat 2047' goal

Union Budget 2024: Sitharaman said that for the pursuit of 'Viksit Bharat', the Centre has narrowed nine key priorities related to employment, energy security, and infrastructure, among other things

Sitharaman keeps paperless budget tradition, carries tablet in 'Bahi-Khata'

Budget 2024-25: From 'Bahi-Khata' to going paperless, Finance Minister Nirmala Sitharaman cements new traditions for the budget presentation in India

Budget 2024 day market outlook: Nifty may open tad higher; key levels here

All you need to know before the market opens on Budget Day, July 23: The Budget 2024-25 is likely to set the market direction in the near-term; Experts recommend keeping a close tab on Nifty 24,500.

Remittances to India may grow 3.7% in 2024 to $124 bn: Economic Survey

Remittances to India -- the second largest source of external financing after service exports -- are projected to grow at 3.7 per cent to USD 124 billion in 2024 and at 4 per cent to reach USD 129 billion in 2025, the Economic Survey said on Monday. India's primary source of remittances is oil-exporting countries. According to the World Bank, India has the largest emigrant population and is the top remittance recipient country. In 2023, remittances to India had hit USD 120 billion. "The outlook for remittance in India for 2024 is strong, with the expectation that remittance growth will moderate to 3.7 per cent, taking... levels to USD 124 billion in 2024," the Economic Survey tabled in Parliament by Finance Minister Nirmala Sitharaman said. The diversification of India's migrant pool -- between a large share of highly skilled workers employed mostly in high-income OECD markets, and the less-skilled migrants employed in the GCC markets -- is likely to lend stability to their ...

CEOs bet on jobs, reforms, capex theme for Budget: Business Standard poll

India Inc chiefs see measures for rural economy

Union Budget 2024 fears unsettle broad market: Stress lines appear

Blue-chip records mask the quiet erosion in broader indices

Can we bank on the Budget?

With the structural change in the ruling National Democratic Alliance, will the government be able to move on the bank privatisation front in this Budget?

From T V Somanathan to Vivek Joshi, meet FM Sitharaman's Budget team

The July 23 Budget, coming after the general elections, would be watched for coalition compulsions, electoral lessons

Upstream oil companies bat for tweaking tax regime in Union Budget

Say 90% of domestic production taxed at 70% holds back capital investments

Budget for agri research needs to be doubled to widen impact: Paper

Eminent agriculture economist Ashok Gulati is the chief editor of the bulletin which comprises of chapters written by various experts

Union Budget 2024-25: Three macro puzzles and policy implications

Why is consumption soft, employment growth weak, and core inflation low, when the economy is apparently growing strongly?

Budget 2024: Defining trajectory pathways for Viksit Bharat@2047

Competitive federalism can install accelerators in key sectors