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The 2024 Interim-Union Budget of India [1] provides comprehensive information regarding the projected revenue and government spending for the fiscal year 2024–25, commencing on 1 April 2024 and concluding on 31st March 2025. [2] [3] [4]
The Union Budget is the annual financial report of India; an estimate of income and expenditure of the government on a periodical basis. As per Article 112 of the Indian Constitution, it is a compulsory task of the government. [3] The first budget of India was presented on 18 February 1860 by Scotsman James Wilson. [4]
On 25 September 2013 the Government of India had approved the constitution of the 7th Pay Commission. Its recommendations were expected to be implemented with effect from 1 January 2016. Justice A.K Mathur will be heading the Seventh Pay Commission, announcement of which was done on 4 February 2014 . [ 14 ]
₹ 182,200 (US$2,100) (Minimum Pay) to ₹ 224,100 (US$2,600) (Maximum Pay) [20] [21] [20] [21] Principal Secretaries to State Governments; Members of State Public Service Commissions; Registrar Generals/Registrars of High Courts [20] [21] 26 Joint Secretaries to the Union Government; Major General and equivalent ranks in the Indian Armed Forces
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Government employees in the union government in 56 ministries [1] and departments under latter as of 1 July 2023 has 48.67 lakhs working employees and 67.95 retired employees on rolls. [2] [1] [3] Indian Railways with 1.3 million employees has highest number of employees in union government. [4]
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
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