In the Rajya Sabha, Chairman M Venkaiah Naidu could not read out his customary closing remarks that sum up the business conducted in the House during the session, as Shiv Sena and other opposition MPs created a ruckus.
Government departments have been tasked with identifying major goals, which will include annual targets from the financial year 2024-2025 to 2028-2029.
The suspension of 18 Bharatiya Janata Party MLAs from the Karnataka Legislative assembly for six months has been revoked, Speaker U T Khader said on Sunday.
Will this be a 'political' Budget? Or, will the Budget be able to take the country back to growth path?
Presenting the Budget in Lok Sabha, Sitharaman said the outlay for the Railways is nine times the amount provided in 2013-2014. She said 100 critical transport infrastructure projects for last- and first-mile connectivity for coal, fertiliser and food grain sectors have been identified and will be taken up on a priority basis with investment of Rs 75,000 crore, including Rs 15,000 crore from private sources, she said.
India has had 28 finance ministers since independence.
Considering the government's promise of electricity for all by 2012, the only specific mention in the entire Union Budget for the power sector includes the allocation of Rs 7,000 crore (Rs 70 billion)for RGGVY and Rs 2,080 crore (Rs 20.8 billion) for the RAPDRP programme, Indian Electrical and Electronics Manufacturers Association, said. IEEMA welcomes the continuation of reforms, abolition of the fringe benefit tax and proposed introduction of GST on April 1, 2010.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
The government on Tuesday announced central assistance of Rs 2.2 lakh crore over the next five years to meet housing requirement of 1 crore urban poor and middle class families under the Pradhan Mantri Awas Yojana-Urban and proposed interest subsidy to provide loans at affordable rates. In her Budget speech, Finance Minister Nirmala Sitharaman said, "Under the PM Awas Yojana Urban 2.0, housing needs of 1 crore urban poor and middle-class families will be addressed with an investment of Rs 10 lakh crore." "This will include the central assistance of Rs 2.2 lakh crore in the next 5 years," she added.
In fact, no other recent Union Budget has held so much significance for the Indian economy as the one to be presented in about six weeks from now, notes A K Bhattacharya.
The government is learnt to have described the Union Budget as an annual constitutional exercise covering the entire country and not just a few states.
Union Minister Ashwini Vaishnaw on Saturday said the Budget 2025-26 maintained the government's continuous push to improve Railways by allocating Rs 2.52 lakh crore to it and approving projects such as manufacturing 17,500 general coaches, 200 Vande Bharat and 100 Amrit Bharat trains, among others.
'After the presentation of the Budget, the House will be adjourned.'
Here are the key numbers to watch out for in the Budget for 2022-23, which is widely expected to boost spending towards policies that create jobs, boost manufacturing, helping rural and agri-economy and infrastructure creation. Sitharaman, who had in her first budget in 2019 replaced leather briefcase -- which had been in use for decades for carrying budget documents -- with a traditional red cloth 'bahi-khata', has spurt in tax collections to her aid in the budget that is expected to a spend-all budget.
Two stock market experts discuss their wishlists for Union Budget 2017 with Rediff.com's Aslam Hunani.
'There will be 200 ITIs developed as hubs, while 800 will be developed as spoke, connected with five National Skill Training Institutes.'
