Page 2 - Revised Estimate News Today

Finance Minister Nirmala Sitharaman underscores the significance of capital expenditure in the FY25 interim budget, citing its economic multiplier effect. She highlights a 17% increase in capex outlay to ₹11.11 lakh crore, exceeding nominal GDP growth. Sitharaman asserts that robust capital spending drives infrastructure development, boosts employment, and enhances living standards. The Rajya Sabha passes key financial bills, affirming the governments fiscal course correction post-pandemic, wi...

While there is a provision for revising original allocations (called BE or budget estimate) in budget later in the year (when Revised Estimate or RE is

The budget has carried forward the ethos of self-reliance and inclusivity, amidst a fluid global scenario that continues to battle elevated bond yields, a volatile situation in the Middle East and rising protectionism from large parts of the world

Many-sided initiatives for labor welfare are needed in India. Unemployment is a very serious problem and several initiatives for improving employment

Union Finance Minister Nirmala Seetharaman presented the Interim budget 2024-25. announced that the capital expenditure outlay for the next year is being increased by 11.1 per cent to Rs 11,11,111 crore, which would be  3.4 per cent of the GDP. She said, this is in the wake of building on the massive tripling of the…

The spending on three most important subsidies, namely food, fertiliser and petroleum is expected to come down from ₹4.13 lakh crore in 2023-24 (RE) to   ₹3.81 lakh crore | Latest News India

As per the interim budget papers, an allocation of ₹13,042.75 crore has been made for the department of Space for 2024-25.

The University Grants Commission (UGC) has faced a budget cut this year with the Centre reducing its grant by over 60 per cent while allocation for school education has been increased in the interim budget for 2024-25. , Education News, Times Now

Economic Affairs Secretary Ajay Seth expressed confidence in the non-inflationary Budget proposals, stating that they will contribute to achieving a 7%+ growth rate in 2024-25. The Indian economy rebounded with a growth rate of 9.1% after contracting 5.8% in 2020-21. The government has increased capital expenditure by 11.1% for the next fiscal year. Seth also mentioned that fiscal deficit is expected to moderate to 5.1% in FY25, thanks to tax buoyancy and realistic expenditure estimates.

Nirmala Sitharaman Full Speech: Union finance minister Nirmala Sitharaman on Thursday presented the interim budget 2024-25 in the Parliament.