The government proposes to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore in 2024-25, Union Finance Minister Nirmala Sitharaman said on Wednesday as she rose to present the interim Budget, ahead of the General elections.
The Indian economy under Prime Minister Narendra Modi has witnessed a profound transformation in the last 10 years when the government took several pro-people reforms that were structural, said Union Finance Minister Nirmala Sitharaman, as she rose to present the interim Budget for 2024-25.
Keeping with tradition, Finance Minister Nirmala Sitharaman first called on President Droupadi Murmu at Rashtrapati Bhawan together with her colleagues Ministers of State Bhagwat Karad and Pankaj Chaudhary ahead of the Budget presentation in Parliament on Thursday morning.
Nirmala Sitharaman earlier arrived at the Ministry of Finance, later coming out with a red-coloured briefcase that had the Budget document in paperless form.
On Thursday, Union Finance Minister Nirmala Sitharaman will table the interim budget before the country heads for Lok Sabha polls later this year. This will be her sixth Budget as the Finance Minister and last in the second term of the Modi government.
The government has kept the inflation under control despite global challenges and did not allow the burden on people to increase, President Droupadi Murmu said on Wednesday
President Droupadi Murmi, addressing a joint sitting of Parliament on Wednesday, asserted that 2023 was a historic year for the country when it maintained the tag of being the fastest-growing major economy.
The Budget Session will commence with the address of President Droupadi Murmu on Wednesday and subject to the exigencies of government business, the session may conclude on February 9.
The Budget session of Parliament will commence with the address of President Droupadi Murmu on Wednesday and subject to the exigencies of government business, the session may conclude on February 9, 2024.
An allocation of 200 million Shekels (USD 55 million) was approved for the rehabilitation of areas affected by the war in both the northern and southern parts of Israel, of which 100 million Shekels (USD 27 million) comes from the 2024 budget.