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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 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. [2] [3] [4]
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 ...
Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$32 billion) 2023-24 [1] Arunachal Pradesh ₹ 29,657 crore (US$3.4 billion) 2023-24 [2] Assam ₹ 321,000 crore (US$37 billion) 2023–24 [3] Bihar ₹ 261,885 crore (US$30 billion) 2023–24 [4] Chhattisgarh ₹ 121,500 crore (US$14 billion) 2023–24 [5] Delhi
The same budget in 2024 won't buy you as many things in 2025. However, you can work around this trend by picking up a side hustle. Consumers can choose from many side hustles, such as Uber, Airbnb ...
General elections were held in India from 19 April to 1 June 2024 in seven phases, to elect all 543 members of the Lok Sabha. [a] Votes were counted and the result was declared on 4 June to form the 18th Lok Sabha. [2] [3] On 7 June 2024, Prime Minister Narendra Modi confirmed the support of 293 MPs to Droupadi Murmu, the president of India. [4]
This plan was again rejected by the Indian National Congress government in 1980 and a new Sixth Plan was made. The Rolling Plan consisted of three kinds of plans that were proposed. The First Plan was for the present year which comprised the annual budget and the Second was a plan for a fixed number of years, which may be 3, 4 or 5 years.
The defence budget of India was increased to ₹ 621,940 crore (US$72 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$69 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]