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Budget estimates
What are Budget estimates
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Latest Updates on Budget estimates
Indian states spending below NHP-recommended healthcare budget: Data
While Goa and Delhi are among the few states that exceed the national average, with Goa meeting the 8 per cent target, others like Uttar Pradesh and Bihar allocate less than 6 per cent to healthcare
 "Indian states spending below NHP-recommended healthcare budget: Data")
Fiscal deficit at 46.5% of full-year target at Oct-end, shows govt data
In absolute terms, the fiscal deficit -- the gap between government's expenditure and revenue -- was at Rs 7,50,824 crore during April-October period
 "Fiscal deficit at 46.5% of full-year target at Oct-end, shows govt data")
Govt's small savings collection may not exceed July BE of Rs 4.2 trillion
Shift to new tax regime, steady rates affect collections
 "Govt's small savings collection may not exceed July BE of Rs 4.2 trillion")
20 million new rural homes to be built at existing unit assistance rates
Total financial provision 27 per cent lower than FY25 Budget Estimates
 "20 million new rural homes to be built at existing unit assistance rates")
Tax overhaul, populism: ICRA on proposals that Modi 3.0 Budget must avoid
The Union Budget for fiscal 2024-25 (FY25) will be presented on July 23, 2024
 "Tax overhaul, populism: ICRA on proposals that Modi 3.0 Budget must avoid")
Direct tax collections jump 18% to Rs 19.58 trn; exceed estimates in FY24
With this, the gross tax collection target as per the revised estimate stood at Rs 34.37 trillion for FY24
 "Direct tax collections jump 18% to Rs 19.58 trn; exceed estimates in FY24")
States fiscal deficits for FY24 likely to be close to 3.1% of GDP: Citi
The report suggests grants from Centre to states have been falling due to no GST compensation funds and lower finance commission grants
 "States fiscal deficits for FY24 likely to be close to 3.1% of GDP: Citi")
Budget: Tax devolution to states seen at 32%, but lags 15th FC advice
The final report of the 15th Finance Commission had recommended the transfer of 41 per cent to the states after Jammu and Kashmir was carved out into two union territories
 "Budget: Tax devolution to states seen at 32%, but lags 15th FC advice")
Budget 2024: Sitharaman bats for developing iconic tourist destinations
Up next: Bridging the gap for better access to islands
 "Budget 2024: Sitharaman bats for developing iconic tourist destinations")
Interim Budget 2024: Some key imperatives that are need for the economy
Simplifying taxes would help businesses navigating turbulent times, writes Ketan Dalal
 "Interim Budget 2024: Some key imperatives that are need for the economy")
Indian investors favour long-term bonds anticipating conservative budget
Recent bond auctions saw bids that surpassed expectations, said Alok Singh, group treasury head at CSB Bank
 "Indian investors favour long-term bonds anticipating conservative budget")
High indebted Punjab, Himachal may breach BE of fiscal deficit in FY24
Punjab had over 40% debt as a proportion of GSDP in 2019-20 too, while Himachal Pradesh had 39.1%
Direct taxes mop up after refunds in FY24 at Rs 13.7 trn till Dec 17
It was backed by a 20% increase in advance tax revenues
 "Direct taxes mop up after refunds in FY24 at Rs 13.7 trn till Dec 17")
Budget and the growth process
The government's command over household savings needs to be reduced for stimulating demand and private credit
 "Budget and the growth process")
Rs 1.5-trn spending rationalisation helps govt meet FY23 deficit target
Without the expenditure rationalisation, the Revised Estimates (RE) for the Centre's total spending would have been about Rs 43.4 trillion instead of Rs 41.9 trillion
 "Rs 1.5-trn spending rationalisation helps govt meet FY23 deficit target")
PM Awas, Jal Jeevan to create rural jobs, justify MGNREGS cut: CEA
The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce
 "PM Awas, Jal Jeevan to create rural jobs, justify MGNREGS cut: CEA")
Rural job scheme spend tops BE, but low allocation cause for concern
Critics say fund cut will lead to delay in payments, suppression of demand
 "Rural job scheme spend tops BE, but low allocation cause for concern")
Indirect taxes: Budget proposals aligned with govt's strategic priorities
Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth
 "Indirect taxes: Budget proposals aligned with govt's strategic priorities")
Direct tax: Budget gives a blueprint for sustained high-growth trajectory
Presently, no TDS is required on interest payable in the case of listed dematerialised securities
 "Direct tax: Budget gives a blueprint for sustained high-growth trajectory")
Union Budget 2023-24 on expected lines, good for investment push
Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles
 "Union Budget 2023-24 on expected lines, good for investment push")
