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The 2023 Union Budget of India was presented by the Minister of Finance of India on February 1, 2023. This was the fourth budget of Narendra Modi-led NDA government's second term, starting from 2020. The Economic Survey for 2022–2023 was released on January 31, 2023 before the budget.
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 ...
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]
In December 2023, PM Narendra Modi, used Bhashini to translate his realtime speech into for his Tamil audience. [5] Later, Finance Minister Nirmala Sitharaman used the platform during her 2024 Union budget of India speech. [6] [7] In June 2024, MeitY sought bidders to allow research projects for better accuracy and fluency of machine ...
This is the second budget of Narendra Modi-led NDA government's second term. [1] [2] The Economic Survey for 2019–2020 was released on 31 January 2020, a day before the budget. [3] Before the budget speech the report of the 15th Finance Commission was tabled by the Finance Minister.
Expenditure State 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
Nirmala Sitharaman confirmed in her budget speech that 2021 census will be first ever digital census in India. [5] The Finance Minister allocated ₹ 3,768 crore for carrying out the census in 2021 Union budget of India. [6]
The government forms a budget for the new fiscal year by taking the budget from the previous fiscal year as a base and makes only small changes to it. Top-down approach: The central financial authority (e.g. the Ministry of finance) sets boundaries to the budget and the government completes it. This approach originated in the 1990s as an ...