The central government has tasked the Reserve Bank of India (RBI) to ensure that the Consumer Price Index (CPI) based inflation remains at 4 per cent, with a margin of 2 per cent on either side
Parliament completes passage of interim Budget for 2024-25 fiscal year. Rajya Sabha returns Finance Bill 2024 and related appropriation bills to Lok Sabha after discussions and Finance Minister s response. Bills include Jammu and Kashmir appropriation bills. With Lok Sabha already passing the bills, the budgetary process concludes, marking a significant step in fiscal planning for the nation s upcoming fiscal year.
DDA aims for a revenue boost, targeting Rs 9182 crore in FY 24-25, up by 19% from the current year s Rs 7696 crore. The approved budget for 2024-25 stands at Rs 8811 crore. Notably, DDA witnessed a significant 75% surge in revenue this year, reaching Rs 7696 crores compared to Rs 4392 crores last year. Developmental activities soared to Rs 8,804 crore this year, a 69% increase from the previous year s Rs 5189 crores. Allocations for land and infrastructure development, UER-II construction, and Delhi Metro projects have seen notable increases to propel growth.
Budget News: The quantum of ‘gender budget’ estimates involving schemes for welfare and empowerment of women and children in 2024-25 has shown an increase of 38.6% when compared to Budget estimates of 2023-24. Discover how increased allocations for women and girls by seven ministries contribute to this growth.
Food subsidy is provided to meet the difference between the economic cost of foodgrains procured by the government and their sales realisation at the PDS rate called central issue price (CIP) under the National Food Security Act (NFSA) and other welfare schemes.