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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]
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 ...
This is a list of Indian state budgets as enacted by the state legislatures for the upcoming fiscal year. Expenditure. State. Budget (in crore rupees) FY. Reference. Andhra Pradesh. ₹279,279 crore (US$33 billion) 2023-24.
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 ...
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]
2019(2019) Union Budget of India. The 2019 Union Budget of India was presented by Finance Minister, Nirmala Sitharaman on 5 July 2019, 11 am as her maiden budget. [1] This was the first budget of Narendra Modi led NDA government second term. [2]
The 2018 budget was considered to be a crucial one, [9] [10] [11] as it would be the first since the rollout of the Goods and Service Tax (GST) regime in India. [12] [13] [14] It was widely expected that the budget would either increase the exemption limit, or introduce a standard deduction for salaried people to reduce the tax burden, in addition to a reduction of the tax rate for the ₹ 5 ...
Website. pmkisan.gov.in. Pradhan Mantri Kisan Samman Nidhi (PMKISAN, translation: Prime Minister's Farmer's Tribute Fund) is an initiative by the government of India that give farmers up to ₹6,000 (US$72) per year as minimum income support. The initiative was announced by Piyush Goyal during the 2019 Interim Union Budget of India on 1 ...