Key Points
It was a wonderful speech but it didnt have any big announcements and changes. Announcing (and applying retrospectively) the PM-KISAN scheme in the 2019 interim budget, raised our hopes for major announcements in the agriculture sector this year too..
The government is steadfast on its E20 mandate (i.e. to blend vehicle fuel with 20 per cent ethanol by 2025-26) and sugarcane-based ethanol is a critical feedstock for this mission.This budget allocation involves extending the annual operational days of current distilleries through the installation of new incineration boilers..
FPO losing steam, disconnect in numbers FPO scheme is losing steam: In 2021-22, the government launched the Formation and Promotion of 10,000 FPOs scheme with much fanfare and a budget outlay of about Rs6,865 crore..
This has been further slashed to Rs 582 crore in the 2024-25 budget.The scheme was designed to provide, among other things, Rs 18 lakh to newly created Framer Producer Organisations in three years..
Ironically, the budget allocation to the Department of Consumer Affairs price monitoring structure has shrunk from Rs 6 crore in 2023-24 to Rs 1 lakh in 2024-25.It is important for these key ministries to be able to monitor and evaluate market dynamics, and a price monitoring cell would be critical in that drive..
You might be interested in
Real Estate Budget 2024: Govt to launch housing scheme for middle class
01, Feb, 24These initiatives should significantly help in plugging the overall housing shortage faced by the country
Modi government's past Budget promises: The hits and misses
30, Jan, 24From Achhe din in 2014 to New India 2022, the Modi administration is renowned for creating catchphrases for its several programmes. Let's look at a few of the Modi government's well-known budgeting pronouncements and their current performance.
Budget Manufacturing push: PLI gets 33% higher outlay, MSMEs’ regulatory focus
01, Feb, 24The government has increased the budget for the Production Linked Incentive (PLI) scheme by 33% to Rs 6,200 crore and is reviewing the PLI for sectors like textiles, pharma, and food processing. The government has disbursed Rs 4,415 crore under the scheme for eight sectors, including electronics and pharma. Finance Minister Nirmala Sitharaman emphasized the importance of providing timely finances, relevant technologies, and training for MSMEs.
Maharashtra’s ‘panchamrut’ pre-poll Budget: targets women, farmers, youth, jobs, environment
11, Mar, 23Tax, stamp duty relief for women, several benefits for farmers, outreach to small communities in Shinde Sena-BJP government's first Budget; few reforms
Uttar Pradesh government waives farmers’ power bills for private tube wells
05, Mar, 24According to Sharma, on average, 8 to 10 farmers benefit from one tube well in terms of irrigating their fields, thus the total number of beneficiaries of the scheme will reach about 1.5 crore in Uttar Pradesh.
Work demand under MGNREGS expected to decline 27% in FY24
18, Apr, 23The government has budgeted ₹60,000 crore under the scheme for FY24, lower than the budget estimate of ₹73,000 crore and revised estimate of ₹89,400 crore for FY23. However, finance minister Nirmala Sitharaman has stated that more funds would be allocated for the scheme if required.
Allocations for MGNREGS under BJP rule more than in UPA dispensation: Union Minister
18, Feb, 23The Union Minister said that under the Narendra Modi government, the revised estimate for the scheme exceeded the Budget estimate every year
Budget 2024: Govt may go for big hike in PM-Kisan payout and a housing & jobs push
29, Jan, 24Union Budget 2024: The government will likely increase the amount of money transferred under its flagship direct benefit transfer scheme - Pradhan Mantri Kisan Samman Nidhi or PM-Kisan - by about 50% to ₹9,000 per year from the current ₹6,000, said some of the economists polled.
Maharashtra Budget: Financial aid for farmers but allocation to agri & allied services reduced by 26%
09, Mar, 23The revised estimates for the financial year 2022-23 amounted to Rs 31,528 crore, which had jumped sharply over the budget estimate of Rs 21,840 crore for FY'23.