Union Budget 2024: What To Expect News


The five big budget themes before Nirmala Sitharaman

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 2024

Resist temptation: The interim budget must show fiscal prudence

India 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 2024

Vande Bharat to bullet train, Railways to ride a ₹3 tn budget

The capital expenditure for Indian Railways is likely to be increased by about 25% from the 2023-24 budget estimate.

3 min read31 Jan 2024

Revealed: The growth, deficit assumptions behind the next budget

The nominal growth rate assumption always doesn’t pan out, but are necessary to plan out spending and budgetary allocation

4 min read31 Jan 2024

Did ancient India have annual Union budget concept?

Although 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 2024

Sovereign green bonds to make a comeback in budget

The 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 2024

India’s flagship nutrition scheme may receive only a marginal boost in Budget

The 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 2024

Union budget 2024: A wishlist of the middle class

The 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 2024

Cabinet approves viability gap funding of ₹8,500 crore for coal gasification

In category I, Rs.4,050 crore provisioned for Government PSUs in which upto 3 projects will be supported by providing lump-sum grant of Rs.1,350 crore or 15% of capex, whichever is lower

1 min read24 Jan 2024

Food processing ministry may get lower allocation in interim budget

A senior official said this was likely because of lower expenditure by the ministry in the ongoing financial year

2 min read11 Jan 2024
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The 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

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