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In the last budget, finance minister Nirmala Sitharaman had said cities would be incentivised to improve their credit worthiness, so that they could issue municipal bonds.
Interim Budget 2024:For the financial year 2024-25, the government announced gross market borrowing of Rs 14.13 lakh crore and net borrowing of Rs 11.75 lakh crore. This is sharply lower than Rs 15.43 lakh crore announced for the current financial year.
Sitharaman's Interim Budget announces interest free loans to states and building port connectivity to islands in order to boost domestic tourism.
As the government’s chief economist, Nageswaran brings intellectual heft to the Centre's policies and sheds light on evolving economic developments
As the government's point person for the financial services sector, Joshi will have key inputs in the making of the interim budget for 2024-25.