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1 February 2021: Submitted by: Nirmala Sitharaman (Minister of Finance) Submitted to: Parliament of India: Presented: 1 February 2021: Passed: 17 March 2021: Parliament: 17th : Party: Bharatiya Janata Party: Finance minister: Nirmala Sitharaman: Total revenue ₹ 31.67 trillion (US$370 billion) (23.4%) Total expenditures ₹ 37.7 trillion (US ...
The Union budget in 2020 was presented in a backdrop of a slowing down of the Indian economy with estimated GDP growth for 2019–20 being at an 11-year low of 5%. [1] Factors such as the IL&FS ( shadow banker , NBFC ) crisis contributed to the slowdown; [ 13 ] as well as international financial markets issues such as the China–United States ...
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India 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 ...
China doubled farmer income in six years between 1978 and 1984. In the same time it reduced poverty by 50%. With respect to cutting poverty in half, India took three times the number of years—18 years between 1993 and 2011. [5]
On its re-election the NDA government kept the military budget unchanged. However the actual expenditure exceeded the estimated amount and final defence spending for 2019–2020 stood at ₹ 448,820 crore (equivalent to ₹ 5.6 trillion or US$64 billion in 2023), [9] marking an increase of around 10% over the previous budget.
The budget set aside ₹ 6,000 (US$72) for farmers having up to 2 hectares of land. The amount is available in 3 equal installments of Rs.2000 each under Pradhan Mantri Kisan Samman Nidhi . ₹ 3,000 (US$36) per month pension after 60 years of age to unorganized sector labor under Pradhan Mantri Shram Yogi Mandhan .
The document is the Ministry's view [clarification needed] on the state of the economy of the country. This document of the Ministry, the Economic Survey of India reviews the developments in the Indian economy over the past financial year, summarizes the performance on major development programs, and highlights the policy initiatives of the government and the prospects of the economy in the ...
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget. [2]