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Modi 3.0 Budget 2024: From ₹401 Crores In 1952-53 To ₹47,65,768 Crores In 2024-25, The Budget Expenditure Journey Of India

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As the nation eagerly awaits with several expectations, the Union Finance Minister Nirmala Sitharaman will present the Budget 2024 on July 23 (Tuesday) in Lok Sabha. Ahead of the Budget presentation, Sitharaman today, July 22, tabled the Economic Survey 2023-2024 in the parliament as the session kicked off.

This budget will also set a record for Sitharaman by marking her presentation of the highest number of budget in the parliament, that is, a total of seven in a row.

The markets, investors and various sectors across will keenly watch the budget and the allocations.

With several expectation across various sectors, OMRON Healthcare India, Managing Director, Tetsuya Yamada, added, “India’s healthcare system faces a significant challenge due to the increasing burden of non-communicable diseases (NCDs). India has more than 220 million people who suffer from high blood pressure, but a WHO study showed that only 15% of them receive treatment.”

“We hope that the government will keep in mind the importance of implementing policies and promoting widespread knowledge of preventive care, which can reduce the burden of costs for hospitalization and surgery,” he added.

Furthermore, he noted, “We anticipate that the Union Budget 2024-25 will reflect a forward-thinking approach including preventive care at home, aligning with industry needs, and ultimately establishing a resilient and advanced healthcare framework.”

Here is the breakdown of the budget expenditure since independence:

The Early Years- 1952-1960

In the early period of post-independence, the country’s budget expenditure was relatively the lowest compared to the recent. It stood at Rs 401 crores in 1952-53 and by the 1959-60 period, the expenditure doubled to Rs 839 crores.

The 1960s: Laying the Foundations

Continuing the upward trend, the budget expenditure reached Rs 980 crores in 1960-61 with many significant allocations in various sectors such as agriculture, industry, and defence.

Furthermore, it crossed the Rs 1,000 crore mark for the first time in 1961-62 at Rs 1,024 crores and the decade ended with the budget at Rs 3,388 crores in 1969-70.

The 1970 period

Although facing with many economic challenges during the 1970s period, including the inflation and global oil crises, the budget expenditure rose from Rs 3,781 crores in 1970-71 to Rs 12,048 crores in 1979-80.

The 1980s: Economic Liberalisation Begins

Reflecting a shift towards modernisation and industrial growth trend, in 1980-81 it reached Rs 13,310 crores and later then crossed the Rs 1 lakh crore mark in 1985-86 at Rs 1,03,844 crores.

By the end of the decade, the expenditure had reached Rs 82,161 crores in 1989-90.

The 1990s: Liberalisation and Expansion

The economic liberalisation period, the 1990s was a watershed moment for India, and the budget expenditure increased from Rs 1,13,422 crores in 1991-92 to Rs 2,83,882 crores in 1999-2000.

The 2000s: Growth and Global Integration

The new millennium with the continued upward trajectory, the budget expenditure stood at Rs 3,38,487 crores in 2000-01 and crosed the Rs 1 lakh crore mark several times over by 2009-10, reaching Rs 10,20,838 crores.

The 2010s – Digital Revolution and Social Welfare

The digital revolution era, the budget expenditure in 2010-11 was Rs 11,08,749 crores. By 2019-20, the expenditure had surged to Rs 27,86,349 crores.

The 2020s: Resilience Amidst Challenges

The 2020s period began with unprecedented challenges due to the COVID-19 pandemic but despite this, the budget grew from Rs 30,42,230 crores in 2020-21 to Rs 47,65,768 crores in 2024-25.

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Govt plans AI-based eKYC, global credential verification in DigiLocker

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New Delhi, Nov 8: The Ministry of Electronics and IT on Saturday announced plans for AI-based eKYC and global credential verification in the DigiLocker platform.

The platform has evolved from a secure document storage service into a trust layer that connects citizens with ministries and departments, according to an official statement.

National e-Governance Division (NeGD), Ministry of Electronics and IT organised the National Conference on DigiLocker to discuss and showcase how DigiLocker evolves into a cornerstone of trust, convenience, and efficiency across government, education, and industry sectors.

The conference underscored the transformative role of DigiLocker in facilitating paperless governance, inclusive education, and secure digital services.

“DigiLocker serves as the trust layer connecting citizens, ministries, and departments—enabling secure, interoperable, and accountable digital governance. Our vision is a future where every digital interaction is trusted, every citizen empowered, and every institution accountable” said S. Krishnan, Secretary of MeitY, who chaired the conference.

Krishnan said that the platform advances India’s digital journey from connectivity to capability, service delivery to self-reliance and now from digitalisation towards trust.

Abhishek Singh, Additional Secretary of the Ministry of Electronics and IT, outlined the future of DigiLocker with AI-based eKYC and global credential verification, positioning it as a global model for paperless governance.

Presentations were made on integration of Digi Locker with Pension and Treasury systems in Maharashtra and with over 500 services through Sewa Setu Portal in Assam, the statement noted.

Seven states, including Assam, Himachal Pradesh, Madhya Pradesh, Meghalaya, Kerala, Maharashtra, and Mizoram, have been recognised as “DigiLocker Accelerators” for their distinct achievements.

DigiLocker allows citizens to access, verify, and share IDs, financial credentials and certificates securely.

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Mumbai-London Air India Flight Delayed By Nearly 7 Hours Due To Technical Snag, Passengers Stranded At Airport

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Mumbai: Air India flight AI129, scheduled to depart from Mumbai to London Heathrow at 6:30 am on Saturday, November 8, 2025, faced a major delay after developing a technical problem shortly before takeoff. The issue left passengers stranded for several hours at the Chhatrapati Shivaji Maharaj International Airport, causing major inconvenience.

According to reports, initially, announcements indicated a brief 30-minute delay, but boarding began only around 6:00 am. After passengers boarded and took their seats, the aircraft remained stationary for over an hour. Crew members later informed passengers that due to technical difficulties, they would need to disembark for safety reasons.

By around 8:15 am, all passengers were asked to exit the plane for additional security checks, which included the re-inspection of hand baggage. Many travelers expressed frustration over the prolonged uncertainty and the lack of sleep following the early morning schedule.

Air India officials clarified that the disruption was caused by aircraft-related technical issues and not linked to the airline’s Maintenance and Safety System (AMSS). Ground staff continued to assist passengers while engineers carried out detailed inspections on the aircraft.

Later, the airline announced that the revised departure time was set for 1:00 pm. To ease passenger discomfort, refreshments and meals were served at the airport lounge. Airline representatives assured that all necessary support would be provided until the flight was cleared for departure.

An Air India spokesperson explained the situation, stating, “Flight AI129 scheduled to operate from Mumbai to London on November 8 returned to bay shortly after pushback due to a suspected technical issue. Passengers were disembarked and the aircraft is undergoing checks. Meanwhile, the crew has come under the mandatory Flight Duty Time Limitation (FDTL) protocol, restricting them from operating immediately.”

The spokesperson further added, “We regret the inconvenience caused to passengers due to this unforeseen situation. Our ground team in Mumbai is providing immediate assistance, including serving meals and ensuring passenger comfort. Every effort is being made to fly passengers to their destination at the earliest. At Air India, the safety and wellbeing of passengers remain our top priority.”

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How Adani’s Rs 30,000 crore Bhagalpur power project will change Bihar’s fortunes forever

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Ahmedabad/New Delhi, Nov 7: The 2,400 MW Bhagalpur Power Project, being developed by the Adani Group with an outlay of Rs 30,000 crore, marks a turning point in Bihar’s economic story — bridging its energy gap, reviving industry, and creating opportunities for its 13.5 crore citizens.

For the first time in decades, the state is witnessing a wave of serious private investment.

The plain fact is that for over half a century, Bihar has remained on the margins of India’s industrial story. Despite its demographic strength and strategic location, the state has struggled to attract private investment or build a sustainable industrial base.

The data tell a sobering truth: Bihar’s per capita GDP stands at barely $776, while its per capita power consumption — 317 kilowatt hours (kWh) — is the lowest among major Indian states.

In contrast, Gujarat consumes over 1,980 kWh per capita and has a GDP per capita of $3,917.

This is not a mere coincidence. Power and prosperity move together. Where there is reliable electricity, industries grow, jobs are created, and incomes rise.

Where there isn’t, human potential migrates — literally. Bihar today supplies nearly 34 million workers to other states; its youth are forced to seek livelihoods elsewhere because industry within the state has no power to thrive.

It is against this backdrop that the Bhagalpur (Pirpainti) Power Project, being developed by the Adani Group with an investment commitment of Rs 30,000 crore, takes on historic significance. It is not just a project — it is Bihar’s opportunity to plug into India’s growth grid and finally claim its share of industrial progress.

Bihar has seen little private industrial activity in half a century. In the past five years alone, it has recorded virtually no new large-scale projects. The state’s dependence on agriculture remains high — nearly 50 per cent of its working population is engaged in farming, forestry, or fishing, while only 5.7 per cent are employed in manufacturing.

The 2,400 MW Bhagalpur Power Project, originally conceived by the Bihar State Power Generation Company Ltd (BSPGCL) in 2012, was revived by the government in 2024 through a transparent e-bidding process after earlier attempts failed.

Four credible bidders — Adani Power, Torrent Power, Lalitpur Power Generation, and JSW Energy — participated. Adani Power emerged as the lowest bidder at Rs 6.075 per kWh, a tariff lower than comparable bids in Madhya Pradesh (Rs 6.22–Rs 6.30 per kWh).

Notably, no land transfer was involved. The land, acquired over a decade ago for the project, remains fully owned by the Bihar government, leased at a nominal rent under the Bihar Industrial Investment Promotion Policy 2025. After the project term, it reverts automatically to the state.

In an era where investor confidence depends on transparency and governance, the Bhagalpur model stands out as a template for responsible investment — balancing public ownership with private efficiency.

Bihar’s electricity demand has grown sharply in recent years, but supply has not kept pace. The state’s installed generation capacity of about 6,000 MW lags behind its peak demand of 8,908 MW (FY25), forcing it to import power from the national grid.

According to the Central Electricity Authority (CEA), the demand is projected to almost double to 17,097 MW by FY35. Without new generation projects, the state risks widening its energy deficit — limiting industrial expansion, weakening job creation, and constraining overall growth.

The Bhagalpur project can help fill this critical gap. By adding 2,400 MW to Bihar’s grid, it will supply nearly one-fourth of the state’s projected additional power needs over the next decade, according to people close to the development.

Moreover, infrastructure investments of this magnitude generate vast employment. As housing and infrastructure expert V. Suresh notes, every Rs 1 crore invested in infrastructure creates 200–250 man-years of employment across 70 trades.

By that metric, the Bhagalpur project alone could create millions of man-days of work — offering Bihar’s unskilled and semi-skilled workers local opportunities in construction, logistics, operations, and allied services.

According to people in the know, a reliable power supply will also open the door to downstream industries, expansion of manufacturing zones, and the development of logistics and transport corridors—unlocking Bihar’s potential in food processing, textiles, engineering, and MSMEs.

Bihar’s challenge has never been its people — it has been its power. The Bhagalpur project signals a crucial shift in the state’s development trajectory: from subsidy-driven survival to investment-led growth. It embodies what Bihar needs most — confidence from credible investors, infrastructure that scales, and energy that empowers.

For too long, Bihar’s youth have left home to light up other states’ factories and cities. The Bhagalpur project could finally begin to reverse that flow — bringing power, purpose, and prosperity back to where they belong.

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