Union Budget 2024-25 by Nirmal Bang Ltd
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* Fiscal Consolidation seems to be the key priority in the final budget
* Majority of Additional surplus received from RBI is used to reduce fiscal deficit
* Special investment package to Bihar and Andhra Pradesh
* Most of the centrally sponsored scheme allocation remain same as interim Budget
* Allocation for Capital Expenditure also remain same as interim Budget and increased by 17% from last year
* Allocation for Rail, Defense, and Road also remain same as interim budget
* Allocation to PLI scheme also remain same as per interim budget
* Allocation for Subsidies also remain unchanged
* Even allocation for rural development also remain unchanged from interim budget
* Fiscal Deficit further reduced from interim budget of 5.1% to 4.9%
* Accordingly borrowing has come down marginally
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