Allocations for existing schemes for these sections of the society are likely to see an enhancement and new schemes may be announced.
3 min read11 Jan 2024India has largely been fiscally responsible and our post-pandemic economy requires us to maintain that record. Sitharaman’s interim budget of 1 February should make that clear.
2 min read31 Jan 2024The capital expenditure for Indian Railways is likely to be increased by about 25% from the 2023-24 budget estimate.
3 min read31 Jan 2024The nominal growth rate assumption always doesn’t pan out, but are necessary to plan out spending and budgetary allocation
4 min read31 Jan 2024The Union government may boost capex allocation by 25% to a record ₹12.5 trillion in 2024-25, Mint reported in November. However, the Centre is also keen to bring the fiscal deficit below the targeted 4.5% by 2025-26.
2 min read31 Jan 2024Although documented Indian history lacks specific details about the administration of dynasties in different regions, the Arthashastra provides a comprehensive account of the financial budget process.
4 min read31 Jan 2024The Union budget may propose sovereign green bonds worth at least ₹20,000 crore as part of the borrowing programme for FY25A large chunk of these bonds may be sold in the second half of the next fiscal year
3 min read31 Jan 2024The finance minister has already said that being a ‘vote on account’, there will not be any ‘spectacular budget announcements’ on 1 February.
3 min read31 Jan 2024The Saksham Anganwadi and Poshan 2.0 scheme has helped address issues of stunting and wasting, particularly in tribal areas. But the outlay for it forms only 0.5% of the total Union Budget
1 min read31 Jan 2024The renewable energy ministry’s estimates indicate a need for ₹14,212 crore in VGF to set up 3 GW of offshore wind energy capacity, along with an additional ₹13,500 crore for transmission and power evacuation infrastructure
3 min read31 Jan 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared