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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 government's fiscal course correction post-pandemic, without compromising welfare spending.

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…