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The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
Finance Minister Nirmala Sitharaman presented the Union Budget in the Lok Sabha on 1 February 2024 following the necessary approval from the President of India. During this presentation, the Finance Minister highlighted the crucial aspects of the document and justified the underlying thought process behind the proposed initiatives.
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India.It is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
Download as PDF; Printable version; In other projects Wikidata item; Appearance. move to sidebar hide. ... 2024 Interim-Union budget of India; 2024 Union budget of ...
The defence budget of India was increased to ₹ 621,940 crore (US$75 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$71 billion) during last year. This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25. [15]
Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$33 billion) 2023-24 [1] Arunachal Pradesh ₹ 29,657 crore (US$3.6 billion) 2023-24 [2] Assam ₹ 321,000 crore (US$38 billion) 2023–24 [3] Bihar ₹ 261,885 crore (US$31 billion) 2023–24 [4] Chhattisgarh ₹ 121,500 crore (US$15 billion) 2023–24 [5] Delhi
The Chief Economic Adviser to the Government of India (CEA) advises the government on economic matters and is responsible for the preparation of the Economic survey of India tabled in Parliament before the Union budget of India is presented. The CEA holds the rank of a Secretary to the Government of India.
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.