Budget 2024: Bhutan Emerges As Top Recipient Of Indian Grants And Loans | Check Full List Here
(MENAFN- Live Mint) "After Union Finance Minister Nirmala Sitharaman presented the interim budget 2024 on Thursday, the budget documents outlined that Bhutan emerged as the leading recipient of Indian government grants and loans.
The Indian government provided ₹6,541.79 crore to foreign governments with ₹4,927.43 crore as a grant and ₹1,614.36 crore as a loan, as per the revised estimates for 2023-24 as quoted by Hindustan Times. It crossed the budget estimates of ₹5,848.58 crore for 2023-24 2024–2025, the projected grants and loans total ₹5,667.56 crore. It's crucial to remember that this is a vote on account, and the full budget is expected in July following the inauguration of the new administration Budget 2024: List of countries ranked as the top recipient of grants from India1) Bhutan - ₹2,398.97 crore (including ₹1,614.36 crore loan)2) Maldives - ₹
770.90 crore3) Nepal - ₹650 crore4) Myanmar - ₹370 crore5) Mauritius - ₹330 crore6) Afghanistan - ₹220 crore7) Bangladesh - ₹130 crore8) Sri Lanka - ₹60 crore9) Seychelles - ₹9.91 crore10) Mongolia- ₹5 croreThe Interim Union Budget for the financial year 2024-25 was tabled in the Parliament by Finance Minister Nirmala Sitharaman earlier today. This was the sixth budget presented by the current FM and the last one of Prime Minister Narendra Modi-led government's second term full budget will be presented in July this year after the new government is formed after the Lok Sabha Elections budget focused on fiscal consolidation, infra, agri, green growth, and railways. However, no changes were made in the tax rates, which was a disappointment to salaried individuals.
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