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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 ...
The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025.
In the 2018 Budget, the outlay was revised for six key social schemes focused on enhancing the welfare of farmers and the poor, in addition to announcing a new scheme aimed at direct cash transfers to farmers. Apart from that, allocation across three other schemes focused on rural India have been raised. [5]
India is “easily” the fastest-growing economy in the world, ... The interim budget estimated that capital expenditure will rise 11.1%, to 11.11 trillion Indian rupees ($133.9 billion), in ...
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]
The 2014 Interim Union Budget of India was presented by Finance Minister, P.Chidambaram on 17 February 2014, 11 AM publicly to the citizens of the India. [1]
Maharashtra, India's richest state and ruled by a BJP coalition, has raised its fiscal deficit target to 2.6% of state GDP for the current fiscal year from 2.3% in an interim budget in February.
The government plans to cut its fiscal deficit to 4.9% of gross domestic product in 2024-25, below the 5.1% figure in February's interim budget. It reduced its gross market borrowing marginally to ...