Govt pegs FY24 GDP growth at 7.3%
The statistics ministry's first advance estimate for this year's growth is above the Reserve Bank of India's forecast of 7.0 percent.
Source: moneycontrol.com
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Budget 2024: What is Non-Tax Revenue?
While taxes constitute a major part of revenue, the central government also generates revenue from other sources. Non-tax revenue refers to the income earned from sources apart from taxes
Source: moneycontrol.com
Union Budget 2024: Sitharaman to present budget for sixth consecutive year on Feb 1
Ahead of the Lok Sabha elections, the finance minister will present the interim Budget instead of a full-year one
Source: moneycontrol.com
Road ministry 'confident' of achieving 13,800-km highway target for FY24
Anurag Jain said that the government is targeting to award 10,000 km of national highway projects in 2023-24. He added that the government has asked companies to prepare detailed project reports (DPR) for unawarded identified projects to increase pace of awarding in 2023-24.
Source: moneycontrol.com
Interim Budget 2024: What is Vote On Account?
An interim budget makes provisions for managing expenses and revenues for a short period until a new government is elected, while a vote-on-account is only about the expenses.
Source: moneycontrol.com