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 on February 1 and is set to take effect by April. […]
Budget 2025: 10 Important Points About the Union Budget Read More »
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 2023-24) and an 18.43% increase compared to FY 2022-23. The budget focuses on promoting self-reliance
Union Budget 2024-25: Rs 6.22 Lakh Crore Allocated to Ministry of Defence Read More »
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 significant focus on capital expenditure, reaching 11,11,111 crore(11.11 Lakh Crore). This reflects a commendable increase of 16.9%
Union Budget 2024 Detailed Sector Wise, Defence, Education, Railway and Income Tax Read More »
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! Budget Basics Key Economic Indicators Budget Documents Financial Concepts
Finance Minister Nirmala Sitharaman presented the maiden budget of Narendra Modi 2.0 government in the Lok Sabha on Friday. “Gaon, Garib and Kisan [village, poor, and farmer] is at the centre of all policies of this government. Between 2014 and 2019, we provided rejuvenated dynamic Centre-State cooperative federalism, and the GST Council, said Ms. Sitharaman.
Finance minister Nirmala Sitharaman presents Union Budget 2019: Highlights Read More »
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 various parts of the country. The minister told
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 the formation of the state,
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 Tax (GST) on electric vehicles to 5 per cent from
Centre holds pre-Budget consultations with state Finance Ministers Read More »
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 government would only
Govt plans to raise income tax limit to Rs 3 lakh, hike 80C deduction limit Read More »
