Interim budget 2024-25 - NewsContinue

Government Announces Ambitious Plan To Bolster Electric Vehicle Ecosystem

February 2, 2024 by Scott Martin

Home Business Government Announces Ambitious Plan To Bolster Electric Vehicle Ecosystem This strategic initiative focuses on both manufacturing and charging infrastructure, aiming to fortify and broaden the landscape for electric vehicles. (Representational image: freepik.com) Electric Vehicle Ecosystem: In a transformative move towards sustainable transportation, Union Minister for Finance Nirmala Sitharaman announced an ambitious plan to … Read more

MGNREGS allocation remains unchanged at Rs 86,000 cr in FY25

February 1, 2024 by Scott Martin

New Delhi: The Centre’s allocation of Rs 86,000 crore for the flagship Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the interim budget 2024-25 is the same as the revised estimate for the financial year 2023-24. But, the allocation in 2024-25 is 43.33 percent (Rs 26,000 crore) more than what was budgeted in 2023-24. … Read more

Focus on green energy & EVs — how interim budget 2024 takes strides towards govt’s net-zero target

February 1, 2024 by Scott Martin

New Delhi: The interim Budget for 2024-2025 announced Thursday saw focus on green energy and electric vehicles, which continued the government’s journey towards achieving net zero emissions by 2070. Finance Minister Nirmala Sitharaman envisaged a ‘Viksit Bharat’ by 2047, and emphasised on developing clean energy in the environment and sustainability sector. From viability gap funding … Read more

Heavy focus on domestic tourism in interim budget

February 1, 2024 by Scott Martin

New Delhi: As the finance minister Nirmala Sitharaman announced the interim budget for 2024-25 Thursday, she said that the government will invest significantly in the tourism sector in India this year, stating that the island Union territory of Lakshadweep will remain the government’s focus to make it a tourism hub. The Union Budget 2024 will … Read more

More power to infra as capex outlay raised to Rs 11.11 lakh crore

February 1, 2024 by Adam Smith

New Delhi: The Modi government’s infrastructure focus continued in the interim budget 2024– the last before the Lok Sabha elections – with finance minister Nirmala Sitharaman announcing an outlay of Rs 11.1 lakh crore for infrastructure development, which would be 3.4 percent of the GDP. The finance minister also announced that three major economic railway … Read more

Sitharaman announces cervical cancer vaccination for girls aged 9-14 in interim budget

February 1, 2024 by George Thomas

New Delhi: Union finance minister Nirmala Sitharaman Thursday announced the government’s intent to launch vaccination against cervical cancer for all girls aged 9-14 years in the interim budget for 2024-25. This comes more than a year after the National Technical Advisory Group on Immunisation (NTAGI), the central government’s top advisory body on immunisation, recommended the … Read more

What economists say about interim budget 2024’s fiscal maths

February 1, 2024 by Scott Martin

New Delhi: The central government has displayed impressive fiscal discipline while formulating its announcements in Interim Budget 2024, according to economists. In doing so, it has prioritised fiscal consolidation over populism ahead of the general elections, they added. Presenting her sixth consecutive budget — equalling the record set by Morarji Desai — finance minister Nirmala Sitharaman … Read more

‘Shows confidence of continuity’ — Modi lauds Interim Budget 2024 as he seeks 3rd term for BJP govt

February 1, 2024 by Adam Smith

New Delhi: Prime Minister Narendra Modi gave a shout-out to his colleague Nirmala Sitharaman after she presented the last Budget of this government on Thursday, saying it may be an Interim Budget but was “inclusive and innovative”. Modi said the Budget had the “confidence of continuity”, adding, “This Budget will empower the four pillars of ‘Viksit Bharat’ — … Read more

Budget 2024 LIVE

February 1, 2024 by Scott Martin

Union Finance Minister Nirmala Sitharaman, who has already presented five full Budgets, will take the floor of the Lok Sabha later today to present her first interim Budget. Besides being a measure of the state of the Indian economy, the interim Budget is a stop-gap financial plan that will remain in place till the time … Read more