Coming ahead of the crucial 2024 General Elections, there was much anticipation in the run-up to the Interim Budget 2024-25. Though the government had repeatedly emphasised that there wouldn't be any big-bang measures aimed at shoring up votes before the polls, there was still speculation that some such benefits would be announced.
Finance Minister Nirmala Sitharaman unveiled the Interim Budget 2024-¹25, which features an allocation of Rs 6,21,541 crore (approx. $75 billion) for the Ministry of Defence (MoD). This allocation represents a 4.7% increase from the previous outlays and accounts for 1.9% of the nation's GDP and 13% of Central Government expenditure. The announcement was made on 1st February.
Not surprisingly, then, Sitharaman used the Interim Budget to present a blueprint for the future and consciously abstained from making any big promises, opting instead for fiscal prudence. She focussed on sustaining at least 6.5-7% growth in the GDP in the coming years and providing the means to ensure that the benefits of this growth trickle down to all.
It took up the theme of social justice and empowerment-be it through its focus on the four "caste" groups of women, youth, the poor, and farmers; or proposals such as a new scheme that would help the middle class buy or build their own houses; rooftop solar panel installation to not only encourage sustainable development but also provide up to 300 units of free electricity per month to 10 million households; and a Rs 1 lakh crore corpus to encourage the private sector to scale up research and innovation significantly in sunrise domains.
この記事は Construction Week の March 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Construction Week の March 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
ELEVATOR INDUSTRY GETS BOOST FROM GROWING METRO NETWORKS
The elevators and escalators industry is seeing a boom. Metro rail networks are one of the main reasons
NAVIGATING A CHANGING LANDSCAPE
How APL Apollo is adapting to meet the evolving needs of the steel tube industry
CASAGRAND CASABLANCA
The property is a sanctuary of indulgence
PURVA CLERMONT
The epitome of global living in Chembur, Mumbai
ELAN GROUP TRUSTS LEIGHTON ASIA WITH 2ND CONTRACT
Will begin work in November
MAHA GOVT SETS NEW RECORD IN INFRA DEVELOPMENT
The firm raise Rs 730 cr through its IPO
FINALLY! TWO ADDITIONAL RAILWAY LINES
With an estimated cost of Rs 2,184.02 crore
TWIN TOWERS COMING UP IN NOIDA SOON
The two towers will be juxtaposed In cosmic precision
RUSTOMJEE INTRODUCES 'VERDANT VISTAS' IN THANE
Expansive residences with uninterrupted creek views
A MEAN MACHINE
Backhoe loaders are one of the most versatile equipment, and why