FM Sitharaman increases defence budget 2025-26 to ₹6.81 lakh crore

The government announced a defence budget of ₹6,81,210 crore for 2025-26, an increase of 9.5% from the previous year’s ₹6,21,940 crore. The capital outlay is ₹1,92,387 crore, while the revenue expenditure is ₹4,88,822 crore, which includes ₹1,60,795 crore for pensions. In terms of capital expenditure, ₹48,614 crore has been allocated for aircraft and aero engines, and…

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Inflation data isn’t all sunshine and rainbows for Labor – as Biden and Democrats will attest | Australian economy

The Reserve Bank of Australia is designed to be independent of government, but that does not mean its decisions do not have political consequences. After Wednesday’s better-than-expected inflation reading, there is now broad consensus among economists that the RBA will cut interest rates next month. While the treasurer, Jim Chalmers, has repeatedly said he would…

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Union Budget 2025: Who is Gurajada Appa Rao? Famous Telugu poet quoted by Nirmala Sitharaman | India News

In a stirring address while presenting the Union Budget 2024, Finance Minister Nirmala Sitharaman invoked the timeless wisdom of literary greats Gurajada Appa Rao and the ancient Tamil text Thirukkural to underscore the government’s vision for Viksit Bharat. Opening her speech with a profound quote from the revered Telugu poet and playwright Gurajada Appa Rao,…

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