Expenditure on Central schemes up 20% in FY24
India's expenditure on Central schemes in FY23 rose from budgeted ₹16.2 lakh crore to ₹18.6 lakh crore.
budget
June 2023
February 2023
January 2023
Budget allocation to energy transition not subsidy; fund to be used for refinery upgrade: FM
The finance minister pointed out that the government has not kept anything secret in the budget.
Grassroot groups say Budget for rural jobs inadequate, contest ministry claims
The Union Budget 2023-24 cut the allocations for the MGNRE scheme from ₹73,000 crore in 2022-23 (Budget Estimate or BE) to ₹60,000 crore in 2023-24 BE.
Budget 2023: Health Expenditure Up 12%
Revised expenditure estimates for FY23 declined by ₹5,300 crore as compared to FY22.
Budget 2023 bats for digital India, new age skills, AI power
The government has proposed to set up three centres of excellence for artificial intelligence (AI) in top educational institutions to enable 'make AI in India and make AI work for India.'
Budget 2023: Forex Reserves On The Decline
This fiscal, as of Dec 2022, forex reserves have declined sharply to $562.8 billion.
Budget 2023: Higher Expectation From GST
Of the total GST collection, 85% is expected to come from central GST (₹6,60,000 crore) and 15% (₹1,20,000 crore) from GST compensation cess.
Budget 2023: Foreign Direct Investments Stay Robust
India remains of the world's major go-to destinations for foreign direct investment.
Budget 2023: FY24 challenging, balance between growth, strong fisc needed, says EY India
EY India has said FY24 could be a challenging year for the government with the likely fall in the nominal GDP, which will restrain the fiscal elbow room for the government.
Govt raises ₹8,000 cr via maiden green bond auction
The govt last year approved the country’s final framework for sovereign green bonds. The idea behind green bonds is to mobilise resources to ramp up green infra.
