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Highlights of India’s first budget after this year’s election

A man watches a screen displaying India's Fin Min. Nirmala Sitharaman's budget speech

New Delhi, July 23 (Reuters) – India’s finance minister unveiled $576 billion in spending plans in the current fiscal year on Tuesday,marginally higher than interim budget estimates, aiming to boost manufacturing and jobs in the world’s fastest growing major economy. The government will spend 2.66 trillion rupees ($32 billion) on rural development, Finance Minister Nirmala Sitharaman said, while unveiling new programmes in the annual budget for states led by two key allies who shore up Prime Minister Narendra Modi’s coalition government. The budget spending estimate of 48.21 trillion rupees is 1.2% higher than the 47.66 trillion rupees estimate in the

Special Category status for Bihar is not made out: MoS Finance Pankaj Chaudhary

New Delhi [India], July 22 (ANI): As the BJP’s key ally in the National Democratic Alliance (NDA), JD (U) demanded a special category status for Bihar, Minister of State for Finance Pankaj Chaudhary, in a written reply, said that special status cannot be granted to Bihar as per the Inter-Ministerial Group (IMG) report 2012. Chaudhary in a written reply to the question of JDU MP Ramprit Mandal informed Lok Sabha, “The Special Category Status for plan assistance was granted in the past by the National Development Council (NDC) to some States that were characterized by a number of features necessitating

Economy of India likely to grow 6.5%-7% y/y in 2024/25, government report says

NEW DELHI, July 22 (Reuters) – Economy of India will grow at 6.5% to 7% in the current financial year ending March 2025, a finance ministry report said on Monday, projecting growth at below 7.2% forecast by the country’s central bank. The growth projection in the annual Economic Survey, tabled in parliament by Finance Minister Nirmala Sitharaman ahead of the federal budget on Tuesday, is also lower compared to 8.2% growth in the previous year, and the upwardly revised estimates of 6.8% to 7.2% by private economists and rating agencies. The report on the state of economy, authored by Chief

PM Modi wants to politicise government employees on ideological basis: Kharge

New Delhi, Jul 22 (PTI) The Congress on Monday slammed the Centre over its order removing the ban on the participation of government employees in RSS activities, alleging that Prime Minister Narendra Modi wants to politicise employees on an ideological basis. The attack by the Congress, which also said that the move would be a challenge to the sense of neutrality of public servants, came after a government order became public about the ban being lifted and several opposition leaders criticised it. In a post on X, Congress president Mallikarjun Kharge said on this day in 1947, India adopted its

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