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Government bond yields slid to their lowest levels since June, bringing down the cost of borrowing across the economy, as the Centre took the unusual step of dipping into a tax fund kitty to bring down its gross debt issuances for FY25, pleasantly surprising the market with lower supply.
The revenue receipts at Rs 30.03 lakh crore are expected to be higher than the Budget Estimate, reflecting strong growth momentum and formalisation in the economy
Budget News: NEW DELHI: The size of Budget 2024-25 has increased 6.
The Ministry of Minority Affairs receives an increased budgetary allocation of Rs 3,183.24 crore for 2024-25, up by Rs 574.27 crore compared to the revised estimate of Rs 2,608.93 crore in 2023-24. The focus areas include education empowerment, with Rs 1,575.72 crore allocated, and specific scholarships for minorities, such as Pre-Matric Scholarship and Post-Matric Scholarship, receiving Rs 326.16 crore and Rs 1,145.38 crore, respectively.
The size of Budget 2024-25 has increased 6.1 per cent to Rs 47.66 lakh crore because of the rise in expenditure and higher allocation for capital expenditure and social sector schemes.