The first union budget of independent India was presented by R. K. Shanmukham Chetty on 26 November 1947. Total revenues stood at ₹171.15 crore, and the fiscal deficit was ₹24.59 crore. The total expenditure was estimated at ₹197.29 crore with Defence expenditure at ₹92.74 crore. The union budgets for the fiscal years 1959–61 to 1963–64, inclusive of the interim budget for 1962–63, were presented by Morarji Desai. On 29 February in 1964 and 1968, he became the o… Web12 apr. 2024 · The Union Budget, also known as the yearly Financial Statement under Article 112 of the Indian Constitution, is the Republic of India's annual budget, which is …
Government of India
Web21 dec. 2024 · The union government expenditure in India was estimated to be over 39 trillion Indian rupees in ... **Budget estimate ... For example, FY 2024 refers to data from April 2024 until March 2024 ... Web₹2.21 lakh crore (US$28 billion) for roads, railways and other facilities [9] ₹210 billion (US$2.6 billion) was allocated to the Urban Development Ministry, while Housing … mallorca property lawyers
India’s 2024 Budget: Why Prudence Trumped Populism
WebTotal expenditure jumped 11.8% to INR 28.2 trillion, while receipts were up 3.6% to INR 18.3 trillion. The government's subsidy bill for food, fuel and fertiliser was INR 3.51 trillion, 110% of the 2024/23 budgeted amount of INR 3.18 trillion. For fiscal 2024-23, the government projected a fiscal deficit of 6.4% of the GDP. 2024-01-31 Web24 jan. 2024 · The revenue receipts were estimated at Rs 338.32 crore against the budget estimate of Rs 255.24 crore, an increase of Rs 83.08 crores. Defence Services accounted for Rs 34.35 crore and civil expenditure estimates were at a balance of Rs 48.14 crore. The defence sector saw an increase due to operations in the Kashmir valley. Web9 feb. 2024 · The Highlights of the Union Budget 2024-23. The Union budget 2024-23 has followed supply-side economics to promote state capitalism and subsidize the private sector by increasing capital expenditure by 35.4%, from Rs 5.54 lakh crore to Rs 7.50 lakh crore, and effective CAPEX seen at Rs 10.7 lakh crore for the financial year. mallorca radio online hören