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The 2025 Union budget of India was presented by Finance Minister Nirmala Sitharaman on 1 February 2025 for the financial year 2025-2026. [1] This was the first full financial year budget of Prime Minister Narendra Modi's third term in office.
Budget (in crore rupees) FY Reference Andhra Pradesh ₹ 279,279 crore (US$32 billion) 2023-24 [1] Arunachal Pradesh ₹ 29,657 crore (US$3.4 billion) 2023-24 [2] Assam ₹ 321,000 crore (US$37 billion) 2023–24 [3] Bihar ₹ 261,885 crore (US$30 billion) 2023–24 [4] Chhattisgarh ₹ 121,500 crore (US$14 billion) 2023–24 [5] Delhi
The Union Budget is presented through the Finance Bill, and the Appropriation Bill must be passed by the Lok Sabha before it can take effect on April 1, the beginning of India's financial year. In recent times, ever since television became ubiquitous, the Union Budget has been broadcast live from Sansad Bhawan on DD National, DD News, and ...
5 February – 2025 Delhi Legislative Assembly election: The Bharatiya Janata Party wins a two-thirds majority in the Delhi Legislative Assembly. [22] 9 February – Thirty-one Naxalites and two military personnel are killed in the 2025 Bijapur clash. [23] N. Biren Singh resigns as Chief minister of Manipur amid ongoing ethnic violence in the ...
The Congressional Budget Office (CBO) projected Friday that the federal budget deficit would hit $1.9 trillion in fiscal 2025. The nonpartisan budget scorekeeper estimated that federal spending ...
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]
The defence budget of India was increased to ₹ 621,940 crore (US$72 billion) in the 2024-2025 union budget from ₹ 593,538 crore (US$69 billion) during last year. This year’s defence budget accounts for 1.89% of the country’s projected gross domestic product (GDP) for 2024-25. [15]
[10] 10 flagship schemes were allocated ₹ 1.5 lakh crore (equivalent to ₹ 1.7 trillion or US$19 billion in 2023) in the 2021 Union budget of India. [10] The subsidy for kerosene, started in the 1950s, was slowly decreased since 2009 and eliminated in 2022.