Delhi/Hyderabad, Feb 1 (Maxim News): Union Finance Minister Nirmala Siytharaman said while presenting the interim budget for the year 2024-25 today, that economic reforms are being implemented to boost India’s growth. It is the last one before the 2024 Lok Sabha elections due in May this year. The Interim Budget is being considered as the financial manifesto of the BJP.
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Nirmala Sitharaman said that India’s capital expenditure will increase by 11 percent to Rs. 11.11 lakh crore or 3.4 percent of GDP in 2024-25.
In this order, the Union Minister has announced that the budget will be Rs. 47.66 lakh crore by 2024-25. Out of this, the income from various channels is Rs. 30.80 lakh crores. In this Tax collections will be Rs. 26.02 lakh crores. Let’s take a look at the budget allocations for different sectors here.
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For Ministry of Defence Rs. 6.1 lakh crores
Ministry of Road Transport and Highways Rs. 2.78 lakh crores
Ministry of Railways Rs. 2.55 lakh crore.
Ministry of Consumer Affairs, Food and Public Distribution Rs. 2.13 lakh crores
Ministry of Home Affairs Rs. 2.03 lakh crores
Ministry of Rural Development Rs. 1.77 lakh crores
Ministry of Chemicals and Fertilizers Rs. 1.68 lakh crores
Ministry of Communications Rs. 1.37 lakh crores
Ministry of Agriculture and Farmers Welfare Rs. 1.27 lakh crores
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ALLOCATION TO VARIOUS CENTRAL SCHEMES
Rural Employment Guarantee Scheme Rs. 86 thousand crores
Ayushman Bharat Rs. 7.500 crores
Industrial incentives Rs. 6,200 crores.
For the manufacture of Semiconductors, Display Echo system Rs. 6,903 crores
For solar Power Grid Rs. 8.500 crores
For Green Hydrogen Mission Rs. 600 crores. (Maxim News)
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