Announcement
01 Feb 2024
On 1 February 2024, the Indian Finance Minister presented the annual budget estimates for the 2024-2025 years. On 15 February 2024, a vote on account Appropriation Act was passed to provide a provisional budget during the year of national elections in the country.
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Number of interventions
24
18 certainly harmful
0 likely harmful
6 liberalising
List of interventions
21 in force
Implementation date
01 Apr 2024
Revocation date:
No revocation date
Capital injection and equity stakes (including bailouts)
In force
On 1 February 2024, the Indian Finance Minister estimated the annual budgeted capital support for the National Investment and Infrastructure Fund Limited (Department of Economic Affairs) for the year ...
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Financial grant
In force
On 1 February 2024, the Indian Finance Minister announced an increased annual budget estimate for grid-connected solar power projects under the Ministry of New and Renewable Energy for the year 2024-2...
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Financial grant
In force
On 1 February 2024, the Indian Finance Minister announced an increased annual budget for off-grid bio-power projects under the Ministry of New and Renewable Energy for the year 2024-2025. The budget s...
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State loan
In force
On 1 February 2024, the Indian Finance Minister increased the annual budget estimate for the Modified Interest Subvention Scheme under the Department of Agriculture and Farmers Welfare for the year 20...
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Capital injection and equity stakes (including bailouts)
In force
On 1 February 2024, the Indian Finance Minister estimated the annual budgeted capital support for the Nuclear Power Corporation of India Limited (NPCIL) under the Department of Atomic Energy for the y...
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Capital injection and equity stakes (including bailouts)
In force
On 1 February 2024, the Indian Finance Minister estimated the annual budgeted capital support for the Bharatiya Nabhikiya Vidyut Nigam Limited (BHAVINI) under the Department of Atomic Energy for the y...
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Capital injection and equity stakes (including bailouts)
In force
On 1 February 2024, the Indian Finance Minister estimated an allocation of INR 1'158.79 crore (USD 139.61 million) in favour of Air India Asset Holding Limited under the Ministry of Civil Aviation for...
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Capital injection and equity stakes (including bailouts)
In force
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget estimated a financial relief/infusion of INR 168 crore (USD 20.24 million) in Indian Telephone Industries Limited. ITIL ...
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Capital injection and equity stakes (including bailouts)
In force
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Department of Telecommunications estimated a capital infusion of INR 82'916.20 crore (USD 10 billion) in Bharat ...
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State loan
In force
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Ministry of Cooperation announced a budget of INR 500 crore (USD 60.25 million) to be provided as financial assi...
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State aid, unspecified
In force
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Ministry of Electronics and Information Technology (MEITY) estimated a budget of INR 540 crore (USD 65 million) ...
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Trade finance
In force
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Department of Economic Affairs estimated a budget of INR 3'849 crore (USD 463.73 million) for "interest equalisa...
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Tax-based export incentive
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Ministry of Finance (Indirect Taxes) estimated a budget of INR 16'575 crore (USD 2 billion) for the Remission of...
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Tax-based export incentive
In force
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Ministry of Finance (Indirect Taxes) estimated a budget of INR 9'246 crore (USD 1.11 billion) for the Rebate on ...
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Capital injection and equity stakes (including bailouts)
In force
On 1 February 2024, the Indian Finance Minister estimated the annual budgeted capital infusion into the Aseem Infrastructure Finance Limited and NIIF Infrastructure Finance Limited for the year 2024-2...
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Financial grant
In force
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget estimated financial assistance of INR 568.58 crore (USD 68 million) in favour of Chenab Valley Power Projects Limited fo...
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Implementation date
01 Apr 2024
Revocation date:
No revocation date
Production subsidy
In force
On 1 February 2024, the Indian Finance Minister reduced annual budget estimate for Pradhan Mantri Fasal Bima Yojana under the Department of Agriculture and Farmers Welfare for the year 2024-2025. The ...
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Price stabilisation
In force
On 1 February 2024, the Indian Finance Minister reduced the annual budget for providing financial support on urea (indigenous and imported) purchase by farmers under the Department of Fertilizers for ...
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Production subsidy
In force
On 1 February 2024, the Indian Finance Minister reduced the annual budget for providing financial support to urea (indigenous and imported) purchased by farmers under the Department of Fertilizers for...
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Price stabilisation
In force
On 1 February 2024, the Indian Finance Minister reduced the annual budget for providing financial support on phosphatic and potassic fertilizers (indigenous and imported) purchased by farmers under th...
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Production subsidy
In force
On 1 February 2024, the Indian Finance Minister reduced the annual budget for providing financial support to phosphatic and potassic fertilzer (indigenous and imported) purchased by farmers under the ...
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Other export incentive
In force
On 1 February 2024, the Indian Finance Minister announced a reduced annual budget estimate for the interest equalisation scheme under the Department of Commerce for the year 2024-2025. The estimate ha...
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Implementation date
31 Dec 2020
Revocation date:
No revocation date
Other export incentive
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Ministry of Finance (Indirect Taxes) estimated a budget of INR 799.32 crore (USD 96.30 million) as a one-time pa...
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Implementation date
31 Mar 2020
Revocation date:
No revocation date
Other export incentive
On 1 February 2024, the Indian Finance Minister as part of the 2024-2025 budget for the Ministry of Finance (Indirect Taxes) estimated a budget of INR 1'901 crore (USD 229 million) as a one-time payme...
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Related State Acts
01 Apr 2015
India: New Foreign Trade Policy announced for years 2015-2020 and subsequently extended due to the COVID-19 pandemic
13 Mar 2020
India: Scheme approved for remission of duties and taxes on exported products
01 Feb 2023
India: Changes to programmes announced as part of the 2023-2024 budget
24 Dec 2023
India: Revised budgets for government programmes in the year 2023-2024 (December 2023)
15 Feb 2024
India: Revised budgets for government programmes in the year 2023-2024 (February 2024)
01 Feb 2025
India: Changes to programmes announced as part of the 2025-2026 budget
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