Estimated reading time: 2 minutes
Interim Budget 2024: n a significant parliamentary session today, Finance Minister Nirmala Sitharaman revealed crucial details of the Interim Budget 2024-25, outlining a strategic fiscal roadmap for the upcoming financial year.
Capital Expenditure Boost: Catalyst for Economic Growth
Sitharaman announced a remarkable 11.1% increase in the Capital Expenditure outlay for 2024-25, reaching ₹11,11,111 crore, equivalent to 3.4% of the GDP. Emphasizing the substantial tripling of CapEx over the past four years, she highlighted its significant multiplier effect on economic growth and employment creation.
Revised Estimates 2023-24: Strong Growth Momentum
The Finance Minister provided a detailed breakdown of the Revised Estimates for 2023-24, with total receipts (other than borrowings) at ₹27.56 lakh crore and tax receipts at ₹23.24 lakh cr. The Revised Estimate for total expenditure stands at ₹44.90 lakh crore. Sitharaman noted that revenue receipts are expected to surpass the Budget Estimate, reflecting robust growth momentum and formalization in the economy. Despite a moderation in nominal growth estimates, the fiscal deficit improved to 5.8% of GDP, surpassing the Budget Estimate.
Budget Estimates 2024-25: Fiscal Consolidation
Looking ahead to 2024-25, Sitharaman outlined the Budget Estimates, with total receipts (other than borrowings) at ₹30.80 lakh crore & total expenditure at ₹47.66 lakh cr. Tax receipts are estimated at ₹26.02 lakh crore. The Finance Minister emphasized the continuation of the fifty-year interest-free loan scheme for capital expenditure to states, with a total outlay of ₹1.3 lakh crore. The fiscal deficit for 2024-25 is projected at 5.1% of GDP, adhering to the path of fiscal consolidation mentioned in the 2021-22 Union Budget speech, with a target to reduce it below 4.5% by 2025-26.
Market Borrowings and Private Investments
In terms of market borrowings for 2024-25, gross and net borrowings through dated securities are estimated at ₹14.13 lakh crore and ₹11.75 lakh crore, respectively. Sitharaman highlighted that lower borrowings by the Central Government would facilitate a more extensive availability of credit for the private sector, aiming to boost private investments.
The Interim Budget 2024-25, as presented by Finance Minister Nirmala Sitharaman, sets a clear path for economic growth, fiscal consolidation, and strategic investments, reinforcing the government’s commitment to sustainable development.
Latest Stories
The Indian Meteorological Department (IMD) has issued a stark warning of severe heatwave conditions looming over several regions of Northern and Western India. According to the advisory, many pockets of Punjab, Haryana, Chandigarh,…
Click here to Read more
Sanjay Leela Bhansali's magnum opus series "Heeramandi: The Diamond Bazaar" has earned critical acclaim from fans and cinema lovers alike. The lavish and intricately woven narrative, set in the historic brothels of Lahore,…
Click here to Read more
In a poignant display of solidarity and support, over 100 bikers revved their engines to honor the memory of 10-year-old Sammy Teusch, who tragically succumbed to the effects of relentless bullying. Sammy, who…
Click here to Read more
In a spirited public address in Barabanki, Chief Minister Yogi Adityanath underscored the significance of the 'Ek Bharat-Shrestha Bharat' vision, symbolizing unity and prosperity across the nation. Joined by Prime Minister Narendra Modi,…
Click here to Read more
Mahindra XUV300: Mahindra vehicles continue to earn accolades for their durability and safety, with recent incidents offering real-life testimony to their resilience. A notable account surfaced on Twitter, where a user, involved in…
Click here to Read more
Arjun Kapoor Shares New Look: Arjun Kapoor is ready to captivate audiences with his villainous transformation in the upcoming Rohit Shetty directorial, "Singham Again." The actor has been deeply committed to preparing for…
Click here to Read more.jpg "55th IFFI Official Poster Unveiled at Cannes Film Festival 7")
In a grand ceremony at the 77th Cannes Film Festival, the anticipation for the 55th International Film Festival of India (IFFI) reached new heights as the official poster was unveiled. Amidst the glitz…
Click here to Read more
SSC Result: Goa Chief Minister Dr. Pramod Sawant proudly announced a significant achievement for the state's government schools, as 41 out of 78 institutions achieved 100% results in the SSC 2024 examinations. "Goa…
Click here to Read more.jpg "Australian PM Praises Khalsa Shaouni Community for Providing 165,000 Meals During Covid 9")
Khalsa Shaouni Community: Australian Prime Minister Anthony Albanese has praised the Khalsa Shaouni community for their remarkable contribution during the Covid-19 pandemic. The community provided an astonishing 165,000 meals to fellow Australians, showcasing…
Click here to Read more.jpg "UP Government Directs Procurement of 400 E-Buses for Gautam Buddh Nagar 10")
In a significant move to enhance public transportation and address the last-mile connectivity challenges in Gautam Buddh Nagar, the Uttar Pradesh Government has directed three key authorities—Noida, Greater Noida, and Yamuna Authority—to procure…
Click here to Read more.jpg "Kartik Aaryan Unveils Intense War Sequence Glimpse from 'Chandu Champion' 11")
Kartik Aaryan's much-awaited film 'Chandu Champion' has been making waves ever since its first poster dropped, and now, with the actor teasing a snippet of an epic 8-minute-long war sequence, the anticipation has…
Click here to Read more
Aishwarya Sharma, renowned for her portrayal of Patralekha in the hit TV series "Ghum Hai Kisikey Pyaar Meiin," continues to captivate hearts, especially post her stint in the controversial reality show, 'Bigg Boss…
Click here to Read more
In a shocking display of affection, Instagram influencer Ana Stanskovsky has made headlines by tattooing her boyfriend's name, 'Kevin,' on her forehead. The video of this daring act has swiftly gone viral on…
Click here to Read more
In today's social media-driven world, influencers are constantly seeking attention through various means, including comical dances. Recently, a video shared by influencer Preeti Thapa on Instagram has caught everyone's eye. The clip features…
Click here to Read more
Assam's Chief Minister, Himanta Biswa Sarma, extends warm birthday greetings to his esteemed colleague in the Vidhan Sabha, Shri Krishnendu Paul, expressing admiration for his unwavering dedication to serving the constituency of Patharkandi.…
Click here to Read more
Janhvi Kapoor, the Bollywood sensation, has once again taken the internet by storm with her mesmerizing dance moves. The actress, who is gearing up for the release of her upcoming movie 'Mr. and…
Click here to Read more.jpg "G Kishan Reddy Announces Revolutionary Station Development Plan in Telangana 17")
Union Minister of State for Home Affairs, G Kishan Reddy, unveils an ambitious plan for the redevelopment of Secunderabad Railway Station, signaling a revolutionary leap forward in Telangana's transportation infrastructure. "Secunderabad Railway Station…
Click here to Read more
Aditi Rao Hydari is basking in accolades for her captivating performance in "Heeramandi," particularly for her mesmerizing walk in the song "Saiyaan Hatto Jaao." The clip of her performing a mujra has gone…
Click here to Read more.jpg "Lok Sabha Elections: Amit Shah Predicts NDA Victory in Bihar 19")
In a bold forecast ahead of the Lok Sabha Elections, BJP leader Amit Shah predicts a sweeping victory for the National Democratic Alliance (NDA) in Bihar. Shah attributes this anticipated triumph to Prime…
Click here to Read more
Janhvi Kapoor, eagerly anticipating the release of "Mr. And Mrs. Mahi," delighted fans by unveiling two distinct looks from the film. Portraying the character Mahima alongside Rajkummar Rao, Janhvi shared glimpses on Instagram.…
Click here to Read more
Commuters in Delhi are facing traffic disruptions on the Ring Road, particularly in the carriageway from Moti Bagh towards AIIMS, following a truck breakdown at Hyatt Flyover. The breakdown has led to significant…
Click here to Read more
World Telecommunication Day: Madhya Pradesh's Deputy Chief Minister, Rajendra Shukla, extends warm wishes to all on World Telecommunication Day, emphasizing the pivotal role of telecommunications in fostering global advancement. In his message, Shukla…
Click here to Read more
Bollywood actor Imran Khan, who had taken a break from the industry, has confirmed his comeback, igniting a wave of excitement among his fans. However, it's not just his professional return that's making…
Click here to Read more
The Indian Meteorological Department (IMD) has issued a forecast indicating the likelihood of heavy to very heavy rainfall in Interior South Karnataka from May 18 to May 20, 2024. According to IMD's announcement,…
Click here to Read more
Katrina Kaif and Vicky Kaushal have undoubtedly become one of Bollywood's most beloved couples. This sentiment was further reinforced on Thursday as Vicky celebrated his 36th birthday, a day filled with heartfelt gestures…
Click here to Read more
Aishwarya Rai Bachchan, a timeless icon of grace and beauty, graced the Cannes Film Festival once again, this time accompanied by her adorable daughter, Aaradhaya Bachchan. Despite nursing a hand injury, Aishwarya radiated…
Click here to Read more
A harrowing incident unfolded on the 2nd Street Bridge in Kentucky, as newly released dashcam footage showcases the terrifying collision between 33-year-old Trevor W. Branham's Chevrolet truck and a Sysco semi tractor-trailer, driven…
Click here to Read more
The Indian Meteorological Department (IMD) has issued a forecast indicating the likelihood of heavy to very heavy rainfall in Kerala and Mahe from May 18 to May 20, 2024. According to IMD's announcement,…
Click here to Read more
Bollywood actress Aishwarya Rai Bachchan once again captivated the Cannes Film Festival red carpet this year. Miss World 1994, Aishwarya is frequently in the limelight for her acting prowess and impeccable style. This…
Click here to Read more
Amid swirling allegations, election officials in Nashik conducted a scrutiny of Maharashtra Chief Minister Eknath Shinde's luggage on Thursday. This move follows recent claims by Shiv Sena (UBT) leader Sanjay Raut, suggesting that…
Click here to Read more
The much-anticipated teaser for "Ishq Vishk Rebound" is finally here, promising a fresh take on modern love with an intriguing twist. Set to hit theaters on June 21, 2024, this sequel to the…
Click here to Read more
In a remarkable tale of survival, a 62-year-old man from Moldova has defied the odds after being discovered alive, buried underground for an astonishing four days. The astonishing turn of events unfolded as…
Click here to Read more
Parenting Through the Stages of Adolescence: Parenting is an ever-evolving journey filled with challenges and triumphs. As children transition through the stages of adolescence, from the onset of puberty to young adulthood, parents…
Click here to Read more
Chief Minister Nitish Kumar of Bihar extended warm greetings and heartfelt congratulations on the joyous occasion of Sita Navami, also known as Janaki Navami, heralding the birth anniversary of Goddess Sita. In his…
Click here to Read more
In a resounding triumph, Senior Advocate Kapil Sibal clinched the coveted position of President in the recent elections held for the Supreme Court Bar Association (SCBA). Sibal's victory, with a staggering 1,066 votes,…
Click here to Read more
In a meeting at Nirvachan Sadan, the Election Commission of India (ECI), led by CEC Shri Rajiv Kumar and ECs Shri Gyanesh Kumar and Shri Sukhbir Singh Sandhu, expressed strong displeasure over post-poll…
Click here to Read more
The Southwest Monsoon is set to make its advance into the South Andaman Sea, parts of the Southeast Bay of Bengal, and the Nicobar Islands around May 19, 2024. This progression marks the…
Click here to Read more
Aries (March 21 - April 19): You may feel a surge of energy today, Aries. Use it wisely to tackle any pending tasks or to start something new. Your enthusiasm and determination will…
Click here to Read more
The Indian Meteorological Department (IMD) issued a concerning alert for several states, indicating the likelihood of severe heat wave conditions on May 19, 2024. Punjab, Haryana-Delhi, and West Rajasthan are expected to bear…
Click here to Read more.jpg "Vice President Dhankhar Extends Birthday Wishes to Former Minister K. Natwar Singh 40")
In a heartfelt gesture, Vice-President of India, Jagdeep Dhankhar, accompanied by Dr. Sudesh Dhankhar, extended warm birthday wishes to former Minister of External Affairs, Shri K. Natwar Singh, on his 93rd birthday today.…
Click here to Read moreDelhi commuters are urged to exercise caution as a bus breakdown on Mathura Road, opposite Haldiram, leads to traffic congestion in the carriageway from Ashram towards Badarpur. The breakdown has resulted in significant…
Click here to Read moreThe Election Commission of India (ECI) took to Twitter to announce a significant voter turnout in the first four phases of the General Elections 2024. According to ECI's tweet, the voter turnout stands…
Click here to Read more
