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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.
To enable better living and drive economic growth stressing on the need for people centric urban planning and development. It envisages a "Slum Free India" in which every citizen has access to basic civic infrastructure and social amenities. [67] By March 2024, 56,20,000 units had been delivered to beneficiaries. [68] Atal Pension Yojana
This is an accepted version of this page This is the latest accepted revision, reviewed on 30 September 2024. Integrated Schematic National Programs for Economic Development The article's lead section may need to be rewritten. Please help improve the lead and read the lead layout guide. (December 2021) (Learn how and when to remove this message) From 1947 to 2017, the Indian economy was ...
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]
Smart Cities Mission. National Smart Cities Mission is an urban renewal and retrofitting program by the Government of India with the mission to develop smart cities across the country, making them citizen friendly and sustainable. [3] The Union Ministry of Urban Development is responsible for implementing the mission in collaboration with the ...
The Fiscal Responsibility and Budget Management Act, 2003(FRBMA) is an Actof the Parliament of Indiato institutionalize financial discipline, reduce India's fiscal deficit, improve macroeconomic management and the overall management of the public funds by moving towards a balanced budgetand strengthen fiscal prudence.