Chandigarh University (CU) Blog - Best University in India

Budget 2024-25: Allocation of Rs 2 Lakh Crore for Education & Skilling a Game-Changer to Transform India by 2047 With renewed focus on education, skill development, job creation and innovation, the Union Budget 2024-25 is set to be a game changer for realising the vision of becoming a Viksit Bharat by 2047. Keeping the youth’s aspirations at the centre of policy-making, Rs 1.48 lakh crore has been allocated to education, employment, and skilling in the fiscal year 2024-25.  Strengthening India’s credentials as the talent basket, skill hub, and solution provider for the world, the Prime Minister’s package of five schemes and initiatives in the 2024-25 Budget will facilitate employment, skilling and other opportunities for 4.1 Crore youth over a five-year period with a Central outlay of Rs 2 lakh Crore.  To further strengthen the skilling and apprenticeship ecosystem and provide skill development and internship opportunities for 1 crore youth by India’s top companies, the Pr...

The Union Budget of India is a comprehensive annual financial statement presented by the Finance Minister of India, Nirmala Sitharaman, in the Parliament. It outlines the government's revenue and expenditure for the fiscal year, which runs from April 1 to March 31, along with policy initiatives and financial reforms. Moreover, the budget is classified into two parts: Revenue Budget and Capital Budget. In this write-up, we will explore the key components of the Union Budget, delve into the nature of the Union Budget 2024, and discuss the expectations of experts, businesses, and the public from Finance Minister Nirmala Sitharaman's upcoming Budget. So, without causing any further delay, let's get started; Union Budget 2024 - Key Components The Union Budget comprises several key components: Revenue Budget Revenue Receipts: This includes the government's earnings from taxes, fees, and other sources. Revenue Expenditure: It encompasses the day-to-day expenses of the governme...