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Why in the news? The upcoming Union Budget for FY2025-26 highlights newly launched schemes with significant funding and others with reduced allocations. Key sectors like AI, renewable energy, and electric mobility are expected to receive substantial financial support in the budget. Recently Launched Schemes (2024-25 Allocations): Solar Rooftop Installation Scheme: ₹6,250 crore for promoting solar …
Read MoreSyllabus: GS-3: Growth & Development , Fiscal Policy Focus: The Indian government faces an economic slowdown, with private consumption and investment stagnating despite efforts like capital expenditure. The upcoming 2025 Budget is seen as a crucial opportunity to shift fiscal priorities toward social welfare and employment generation to stimulate economic recovery. Understanding the Growth Decline: …
Read MoreSyllabus: GS-2: Government Policies & Interventions Focus: The growing trend of populist welfare schemes across Indian states is raising concerns about fiscal sustainability. As parties compete to offer financial handouts, it strains state budgets, undermines long-term economic growth, and hampers the development of essential infrastructure and services, prompting calls for policy reforms. Introduction: The Growing …
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