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    ADOPTING BUILDING INFORMATION MODELLING (BIM) TO REDUCE PROJECT DELAYS, CONSTRUCTION COSTS AND SYSTEMIC INEFFICIENCIES: ECONOMIC SURVEY 2023-24
    INDIA’S POWER GRID EMERGES AS ONE OF THE LARGEST UNIFIED ELECTRICITY GRIDS IN WORLD: ECONOMIC SURVEY 2023-24
    DESPITE BEING ONE OF THE FASTEST-GROWING ECONOMIES IN THE WORLD, INDIA’S ANNUAL PER CAPITA CARBON EMISSION IS ONLY ABOUT ONE-THIRD OF THE GLOBAL AVE...
    INDIA NEEDS TO LOOK AT CLIMATE CHANGE FROM THE ‘LOCAL LENS’, INSTEAD OF ‘ONE SIZE FITS ALL’ PRESCRIPTIONS FROM THE WEST
    Final stage of preparations for Union Budget 2024-25 commences with customary Halwa Ceremony in New Delhi
    Budget Session of Parliament to be Held from 22nd July to 12th August, 2024
    Pre-Budget consultation meetings for the forthcoming Union Budget 2024-25 conclude in New Delhi
    INDIAN ECONOMY DEMONSTRATES RESILIENCE AND MAINTAINS HEALTHY MACROECONOMIC FUNDAMENTALS, DDDESPITE UNCERTAINTY FROM ADVERSE GEOPOLITICAL DEVELOPMENTS
    SIGNIFICANT BOOST TO CAPITAL EXPENDITURE; TO BE INCREASED BY 11.1 PER CENT TO ₹ 11,11,111 CRORE; AMOUNTING TO 3.4 PER CENT OF THE GDP
    FINANCE MINISTER PROPOSES A NEW CORPUS OF RUPEES ONE LAKH CRORE TO BOOST PRIVATE INVESTMENT IN SUNRISE TECHNOLOGIES
    UNION MINISTER SMT. NIRMALA SITHARAMAN LAYS DOWN STRATEGY FOR ‘AMRIT KAAL’
    INTERIM BUDGET 2024-25 PROMISES STEPPING UP VALUE ADDITION IN AGRICULTURAL SECTOR AND BOOSTING FARMERS’ INCOME
    GOVERNMENT TO LAUNCH SCHEME TO HELP DESERVING SECTIONS OF MIDDLE CLASS “LIVING IN RENTED HOUSES, OR SLUMS, OR CHAWLS AND UNAUTHORIZED COLONIES” TO...
    ROOFTOP SOLARISATION TO ENABLE ONE CRORE HOUSEHOLDS TO OBTAIN UPTO 300 UNITS OF FREE ELECTRICITY EVERY MONTH
    A FRAMEWORK FOR RATING ICONIC TOURIST CENTRES BASED ON QUALITY OF FACILITIES AND SERVICES TO BE ESTABLISHED: UNION FINANCE MINISTER
    GOVERNMENT TO LAY WHITE PAPER ON ECONOMY - THEN AND NOW
    TARGET FOR LAKHPATI DIDI TO BE ENHANCED FROM 2 CRORE TO 3 CRORE: FINANCE MINISTER
    FIVE INTEGRATED AQUAPARKS TO BE SETUP
    UNION FINANCE MINISTER ANNOUNCES SETTING UP OF MORE MEDICAL COLLEGES
    ‘NARI SHAKTI’ TAKES CENTER STAGE; UNION FINANCE MINISTER ANNOUNCES VACCINATION TO PREVENT CERVICAL CANCER
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July 22, 2024
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Building Information Modelling can reduce project delays and costs, improve efficiency and create construction sector employment.
The Survey details technology-integration measures: a Spectrum Regulatory Sandbox (SRS) for telecom R&D and spectrum trials with designated urban and remote WiTe Zones and expanded eligibility; the India AI programme focusing on governance, innovation, compute, data, skilling and ethics to democratise AI; and promotion of Building Information Modelling (BIM) to digitally plan infrastructure, reduce delays and costs, lower inefficiencies and environmental impact, and enhance construction R&D and employment via a NITI Aayog roadmap and departmental adoption.
July 22, 2024
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Unified electricity grid expansion reinforces renewable energy targets and regulatory measures to integrate non fossil generation into the system.
India's transmission framework is presented as a unified national grid with major expansion in transmission lines and transformation capacity, coupled with regulatory developments including implementation of the Electricity (late payment surcharge and related matters) Rules, 2022 and large scale household electrification under Saubhagya. The Survey emphasises policy commitments and Ministry programmes to scale non fossil generation by 2030, records renewable capacity and share, notes past clean energy investment, and projects future non fossil capacity growth and investment prospects through 2030.
July 22, 2024
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Climate alignment: India's strategy advances decoupling of growth from emissions while expanding green finance and resilience measures.
India has reduced the emission intensity of GDP and expanded non fossil electricity capacity ahead of targets, combining energy efficiency, renewables deployment and afforestation to create carbon sinks. Policy measures highlight constraints-land, water and critical minerals-for renewables and storage, and employ financial instruments such as sovereign green bonds, central bank green deposit frameworks, priority sector lending, and a voluntary Green Credit Programme to mobilise capital and incentivise environment positive actions.
July 22, 2024
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Local lens on climate action: promote mindful consumption and sovereign lifestyle choices over blanket external prescriptions.
The Survey urges a local lens for climate policy, rejecting one size fits all Western solutions and emphasising sovereign choice and individual behaviour. It promotes Mission LiFE's focus on mindful consumption, circular economy practices, plant centric diets, repurposing farm waste and traditional multi generational housing to reduce resource use, food feed competition and emissions while aligning climate action with development and cultural realities.
July 17, 2024
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Budget document access via bilingual mobile app ensures simultaneous public and parliamentary availability after the Budget speech.
Final preparatory formalities commenced with the Halwa ceremony initiating the official 'lock-in' for officials. The Annual Financial Statement, Demand for Grants and Finance Bill will be published on a bilingual mobile app and the Union Budget Web Portal and made available to MPs and the public immediately after the Budget speech, alongside press and dispatch readiness reviews.
July 8, 2024
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Budget Session summoned: Parliament to convene from late July to mid August, with Union Budget presented in late July.
The President approved, on the recommendation of the Government, summoning both Houses of Parliament for the Budget Session from 22 July to 12 August 2024, subject to exigencies of Parliamentary business, with the Union Budget, 2024-25 scheduled for presentation in the Lok Sabha on 23 July 2024.
July 8, 2024
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Pre-budget consultations engage diverse stakeholders, and their policy suggestions will be considered in drafting the Union Budget.
Pre-budget consultations were conducted by the Ministry of Finance, chaired by the Union Finance Minister with participation from Ministers of State, departmental secretaries, the Chief Economic Adviser and senior officials; representatives from ten stakeholder groups (agriculture, trade unions, education, health, employment and skilling, MSME, trade and services, industry, economists, financial sector and infrastructure) provided sectoral inputs, and the Ministry assured that these suggestions would be examined and considered in preparing the Union Budget.
February 1, 2024
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Fiscal consolidation strengthens resilience while prioritizing capital expenditure and coordinated fiscal support for growth.
The fiscal stance is oriented toward fiscal consolidation while preserving growth-supporting expenditure: rolling targets show reductions in fiscal, revenue and primary deficits and a modest decline in central government debt as GDP ratios. Policy priorities allocate increased resources to capital spending and key social sectors, coordinate infrastructure planning, continue long-term interest-free assistance to States for capital projects, and strengthen cash management through systems like SNA/TSA to support resilient macroeconomic outcomes.
February 1, 2024
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Capital expenditure increase supports fiscal consolidation and greater private credit availability under the interim budget framework.
Interim budget increases the Central Government's Capital Expenditure outlay for 2024-25, sustaining growth and employment multipliers and including continuation of a fifty year interest free loan scheme for states. Revised estimates for 2023-24 record higher revenue and tax receipts and a fiscal deficit of 5.8% of GDP; the 2024-25 fiscal deficit is estimated at 5.1% of GDP. The estimates project lower central government borrowings to expand private sector credit and specify gross and net market borrowings through dated securities for 2024-25.
February 1, 2024
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Creation of a technology investment corpus to boost private investment and long term, low interest financing for sunrise technologies.
The Government proposes a dedicated corpus to mobilise private investment in sunrise technologies by providing long term financing or refinancing on concessional terms, capitalised through a fifty year interest free loan structure to offer long tenors and low or nil interest rates. A complementary scheme is proposed to strengthen deep tech for defence and advance atmanirbharta, aiming to catalyse research, innovation and private sector scale up in critical technology domains.
February 1, 2024
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MSME finance and capacity building prioritized to enable resource-efficient growth and strengthen financial sector readiness.
Policy emphasises targeted MSME support through timely and adequate finance, technology facilitation, training and regulatory orientation to enhance growth and global competitiveness. Concurrently, the Government pursues resource-efficient economic growth and energy security, guided by the principle Reform, Perform, and Transform, and will advance next-generation reforms while preparing the financial sector's size, capacity, skills and regulatory framework to meet investment needs.
February 1, 2024
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Agricultural value addition expanded to boost farmer incomes through post-harvest investment, processing and technology adoption.
Interim budget measures promote value addition in agriculture by expanding public and private investment in post-harvest infrastructure, processing, marketing and branding to increase farmer incomes, while providing income support and crop insurance; a strategy for oilseed self-reliance will address research, modern practices, market linkages, procurement and value addition; application of nano-formulated DAP will be expanded across agro-climatic zones to complement technology adoption.
February 1, 2024
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Housing support for middle class to buy or build homes, expanding PM Awas Yojana to meet rising household needs.
Launch of a government housing support scheme to assist specified middle class households living in rented accommodation, slums, chawls, and unauthorized colonies to buy or construct dwellings; and expansion of PM Awas Yojana (Grameen) to address increased household formation over the next five years.
February 1, 2024
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Rooftop solarisation expands free household electricity and underpins green energy, EV adoption, and bio-manufacturing support.
Rooftop solarisation will enable households to receive up to 300 units of free electricity monthly and sell surplus to distribution companies, generating household savings, EV charging capacity, supply-chain entrepreneurship and technical employment. Complementary measures provide viability gap funding for offshore wind, set coal gasification and liquefaction capacity targets to reduce imports, mandate phased blending of compressed bio-gas into CNG and PNG, support biomass aggregation machinery, strengthen e-vehicle manufacturing and charging infrastructure with a payment security mechanism for e-buses, and establish a bio-manufacturing and bio-foundry scheme for biodegradable and bio-based products.
February 1, 2024
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Long-term interest-free loans to states to finance development of iconic tourist centres under a quality-rating framework.
The central government will provide long-term interest-free loans to states on a matching basis to finance comprehensive development of iconic tourist centres, while establishing a framework for rating those centres by quality of facilities and services. Complementary measures include projects for port connectivity and tourism infrastructure on islands, promotion of domestic and spiritual tourism, and marketing initiatives to generate employment and enhance global competitiveness.
February 1, 2024
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White paper on economy to analyse past mismanagement and draw lessons for future policy reform.
The Government will place a White Paper on the economy in Parliament comparing conditions before 2014 with the present to identify and draw lessons from alleged mismanagement of the earlier period; the White Paper is presented as an analytical review to inform future policy and reforms, set against a claim that the economy has since been restored to a sustainable growth path through improved governance and delivery.
February 1, 2024
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Target expansion for Lakhpati Didi to broaden beneficiary reach and recognise self help group achievements nationwide.
Enhancement of the Lakhpati Didi target from two crore to three crore beneficiaries is announced to expand reach and recognise demonstrated successes of self help groups; 83 lakh SHGs with nine crore women have reshaped rural socio economic conditions and about one crore women have already become Lakhpati Didi, prompting scale up and formal recognition of achievements.
February 1, 2024
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Aquaculture expansion under PM Matsya Sampada Yojana to boost productivity and double seafood exports nationwide.
Five integrated aquaparks will be established and implementation of Pradhan Mantri Matsya Sampada Yojana will be stepped up to raise aquaculture productivity, expand seafood exports and generate significant employment. A new Blue Economy 2.0 climate resilience scheme will support restoration, adaptation and integrated coastal aquaculture and mariculture. A comprehensive dairy support programme will be formulated, leveraging existing livestock schemes and infrastructure funds alongside measures to control foot and mouth disease.
February 1, 2024
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Medical college expansion announced to use existing hospital infrastructure and a committee will assess sites and recommend implementation.
The interim budget announces establishment of additional Medical Colleges using existing hospital infrastructure across departments, with a Committee to examine facilities and recommend sites and implementation; it also proposes extending coverage of the Ayushman Bharat Scheme to include ASHA workers, Anganwadi workers and helpers, necessitating inter departmental coordination on accreditation, training capacity and beneficiary integration.
February 1, 2024
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Cervical vaccination for adolescent girls to be promoted, alongside integrated maternal childcare and national immunisation digital platform.
Proposal establishes a Cervical Vaccination Programme directed at adolescent girls to prevent cervical cancer and to be actively promoted among eligible cohorts. It also mandates integration of maternal and child-care schemes into one comprehensive programme, expedited upgrading of Anganwadi Centres under Saksham Anganwadi and Poshan 2.0 to improve nutrition delivery and early childhood care, and national rollout of the U-WIN digital platform to manage immunisation and support Mission Indradhanush.

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