The Union Budget of India, known as the Annual Financial Statement under Article 112 of the Constitution, is prepared by the Ministry of Finance for the upcoming financial year. It details the government's planned expenditures, anticipated revenues, and economic strategies. The budget is unveiled ...

In the Regular Union Budget for FY 2024-25, the Ministry of Defence (MoD) has received an allocation of Rs 6,21,940.85 crore (approximately US $75 billion), marking the highest allocation among all ministries. This represents a 4.79% increase over the previous fiscal year (FY ...

In the Budget for the fiscal year 2024-25, the Union Government demonstrates a robust commitment to bolstering economic growth through substantial investments in infrastructure development. The total expenditure in the Budget is estimated at 47,65,768 crore(47.65 Lakh Crore), with a ...

The Union Budget 2024, to be presented on February 1st, is the final budget before the 2024 Lok Sabha elections. This complex document outlines the government’s financial plans for the upcoming year. But don’t worry, we’re here to help you navigate the jargon with this handy glossary! ...

Finance Minister Nirmala Sitharaman presented the maiden budget of Narendra Modi 2.0 government in the Lok Sabha on Friday. “Gaon, Garib and Kisan is at the centre of all policies of this government. Between 2014 and 2019, we provided rejuvenated dynamic Centre-State cooperative federalism, and ...

Government has increased funds allocation for drug deaddiction measures to Rs 135 crore from Rs 33 crore in 2014, Social Justice and Empowerment Minister Thawar Chand Gehlot told the Rajya Sabaha. He was replying to a discussion on increasing instances of drug addiction among school children in ...

Gujarat Finance Minister Nitin Patel presented Rs 2,04,815 crore budget - the state's highest-ever - for 2019-20, with an overall surplus of Rs 572 crore and additional taxes to the tune of Rs 287 crore. Presenting his seventh budget, Patel called it a "historical moment as the first time since ...

Finance Minister (FM) Nirmala Sitharaman chaired her first GST Council meeting . Sitharaman replaced Arun Jaitley as new FM under the Modi 2.0 government The Speculations were rife that the Council in its 35th meeting under the new FM would consider slashing Goods and Service ...

The government is planning to increase personal income tax exemption from existing Rs 2.5 lakh to Rs 3 lakh in the Union Budget 2019, according to a Bloomberg report. The move comes at a time when the country is witnessing a sharp slowdown in consumer demand. It was earlier reported that the ...