<p>The Indian government’s budget allocation for the Ministry of External Affairs in the fiscal year 2024-2025 has marked increased allocations to Nepal, Sri Lanka, and Seychelles, with a drop in support for other neighbouring countries.</p>

<p>The increase is dependent on the needs and requirements of each country. These allocations are intended for infrastructure support and development projects.</p>

<h2><strong>Increased Allocations</strong></h2>

<p>Nepal stands out as a significant beneficiary with an allocation of Rs 700 crore, marking a substantial increase of Rs 150 crore from the previous year's budget of Rs 550 crore, which was later revised to Rs 650 crore. &nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/india-news/india-budget-2024-congress-slams-bjp-government-says-budget-speech-more-focused-on-posturing-than-action-743389">India Budget 2024: Congress slams BJP government, says budget speech more focused on posturing than action</a></strong></p>

<p>Sri Lanka has also seen a noteworthy increase in its allocation, with Rs 245 crore earmarked for FY 2024-2025, up by Rs 95 crore from last year’s allocation of Rs 150 crore. This rise comes as Sri Lanka continues to navigate economic recovery, and India's support is seen as crucial in these efforts. Delhi had provided a support of $4 billion to aid Colombo's recovery.&nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/india-news/what-is-neighbourhood-first-sagar-outlook-foreign-policy-frameworks-at-centre-of-modi-30-inauguration-730111">What is Neighbourhood First, SAGAR outlook? Foreign policy frameworks at centre of Modi 3.0 inauguration</a></strong></p>

<p>Seychelles has received an additional Rs 30 crore, bringing its total allocation to Rs 40 crore from the previous financial year's Rs 10 crore. This increase, although modest, signals India’s continued interest in strengthening ties with the Indian Ocean region.</p>

<h2><strong>Steady Allocations</strong></h2>

<p>Afghanistan and the Maldives have not seen any changes in their allocations, remaining at Rs 200 crore and Rs 400 crore, respectively. For Afghanistan, the allocation holds steady despite a revision in the previous year's budget to Rs 220 crore, reflecting a responsive approach to the people of Afghanistan despite Taliban rule. India has in recent months sent wheat to the country.&nbsp;</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/india-news/india-budget-2024-modi-hails-budget-says-it-will-give-new-strength-to-countrys-middle-class-743418">India Budget 2024: Modi hails budget, says it will give new strength to country's middle class</a></strong></p>

<p>The Maldives also saw a significant increase in the revised budget for FY 2023-2024, rising to Rs 770.90 crore, indicating ongoing support for its major infrastructure projects.</p>

<h2><strong>Decreased Allocations</strong></h2>

<p>Bhutan and Myanmar have experienced reductions in their aid. Bhutan’s allocation has decreased by Rs 332.02 crore, and similarly, Myanmar’s budget has been reduced by Rs 150 crore to Rs 250 crore. Last year, Myanmar received Rs 400 crore, with Rs 370 crore being utilised. Despite the cut for Bhutan, the Himalayan country continues to get the lion's share of India's allocation at Rs 2068.56 crore.</p>

<p>Bangladesh has seen its allocation drop by Rs 80 crore to Rs 120 crore.</p>

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<p>The previous year saw an allocation of Rs 200 crore, with only Rs 130 crore utilised. Mauritius and Mongolia are also on the list of countries receiving decreased aid. Mauritius’ allocation is reduced by Rs 90.79 crore, now standing at Rs 370 crore, and Mongolia’s allocation sees a minimal reduction of Rs 2 crore.</p>

<h2><strong>Strategic Continuity</strong></h2>

<p>The Chabahar port project in Iran continues to receive a steady allocation of Rs 100 crore, unchanged for the past three years. This consistent funding underscores the strategic importance India places on the port as a critical gateway to Afghanistan and Central Asia, bypassing Pakistan.</p>


The Indian government’s budget allocation for the Ministry of External Affairs in the fiscal year 2024-2025 has marked increased allocations to Nepal, Sri Lanka, and Seychelles, with a drop in support for other neighbouring countries.

The Indian government’s budget allocation for the Ministry of External Affairs in the fiscal year 2024-2025 has marked increased allocations to Nepal, Sri Lanka, and Seychelles, with a drop in support for other neighbouring countries. The increase is dependent on the needs and requirements of each country. These allocations are intended for infrastructure support and development projects. Increased Allocations Nepal stands out as a significant beneficiary with an allocation of Rs 700 crore, marking a substantial increase of Rs 150 crore from the previous year's budget of Rs 550 crore, which was later revised to Rs 650 crore. Also read | India Budget 2024: Congress slams BJP government, says budget speech more focused on posturing than action Sri Lanka has also seen a noteworthy increase in its allocation, with Rs 245 crore earmarked for FY 2024-2025, up by Rs 95 crore from last year’s allocation of Rs 150 crore. This rise comes as Sri Lanka continues to navigate economic recovery, and India's support is seen as crucial in these efforts. Delhi had provided a support of $4 billion to aid Colombo's recovery. Also read | What is Neighbourhood First, SAGAR outlook? Foreign policy frameworks at centre of Modi 3.0 inauguration Seychelles has received an additional Rs 30 crore, bringing its total allocation to Rs 40 crore from the previous financial year's Rs 10 crore. This increase, although modest, signals India’s continued interest in strengthening ties with the Indian Ocean region. Steady Allocations Afghanistan and the Maldives have not seen any changes in their allocations, remaining at Rs 200 crore and Rs 400 crore, respectively. For Afghanistan, the allocation holds steady despite a revision in the previous year's budget to Rs 220 crore, reflecting a responsive approach to the people of Afghanistan despite Taliban rule. India has in recent months sent wheat to the country. Also read | India Budget 2024: Modi hails budget, says it will give new strength to country's middle class The Maldives also saw a significant increase in the revised budget for FY 2023-2024, rising to Rs 770.90 crore, indicating ongoing support for its major infrastructure projects. Decreased Allocations Bhutan and Myanmar have experienced reductions in their aid. Bhutan’s allocation has decreased by Rs 332.02 crore, and similarly, Myanmar’s budget has been reduced by Rs 150 crore to Rs 250 crore. Last year, Myanmar received Rs 400 crore, with Rs 370 crore being utilised. Despite the cut for Bhutan, the Himalayan country continues to get the lion's share of India's allocation at Rs 2068.56 crore. Bangladesh has seen its allocation drop by Rs 80 crore to Rs 120 crore. View this post on Instagram A post shared by WION (@wionews) × The previous year saw an allocation of Rs 200 crore, with only Rs 130 crore utilised. Mauritius and Mongolia are also on the list of countries receiving decreased aid. Mauritius’ allocation is reduced by Rs 90.79 crore, now standing at Rs 370 crore, and Mongolia’s allocation sees a minimal reduction of Rs 2 crore. Strategic Continuity The Chabahar port project in Iran continues to receive a steady allocation of Rs 100 crore, unchanged for the past three years. This consistent funding underscores the strategic importance India places on the port as a critical gateway to Afghanistan and Central Asia, bypassing Pakistan.

India’s budget sees increased allocation for Nepal, Sri Lanka, Seychelles

<p><meta name="uuid" content="uuidbVW7zlXlWbeq" />Indian Prime Minister Narendra Modi on Tuesday (Jul&nbsp;23) expressed his thoughts on the Union Budget 2024-25 which was presented by Finance Minister Nirmala Sitharaman. Addressing the country, PM&nbsp;Modi said that this budget strengthens every section of the society. "It takes the country's poor, village and farmer on the path of prosperity."</p>

<p>"This budget will provide a new scale to education and skill. It will give new strength to the middle class. It has come with strong schemes aimed at strengthening tribals, Dalits and backwards," Modi added.</p>

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<p dir="ltr" lang="en">VIDEO | "This Budget will provide a new scale to education and skill. It will give new strength to the middle class. It has come with strong schemes aimed at strengthening tribals, Dalits and backwards. This Budget will help assure financial partnership," says PM Modi on Union… <a href="https://t.co/VQXhlB4UL1">pic.twitter.com/VQXhlB4UL1</a></p>
— Press Trust of India (@PTI_News) <a href="https://twitter.com/PTI_News/status/1815669143913292152?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
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<p>He also pointed out that the budget would help ensure financial partnership. Hailing the budget, the PM said, "I congratulate all my countrymen on this landmark budget, poised to propel our nation to unprecedented heights of progress. Finance Minister Nirmala Sitharaman Ji and her dedicated team deserve accolades for their tireless efforts."</p>

<h2><strong>A look at the priorities of the budget</strong></h2>

<p>This time, the budget identified nine priorities for generating ample opportunities in the country. These priorities are- productivity and resilience in agriculture, employment and skilling, inclusive human resource (HR) development and social justice, manufacturing and service, urban development, energy security, infrastructure, innovation, research and development, and next-generation reforms.</p>

<p><strong>Also read |&nbsp;<a href="https://www.wionews.com/business-economy/union-budget-2024-key-announcements-and-implications-743392">Union budget 2024: Key announcements and implications</a></strong></p>

<p>During her budget speech, Finance Minister Sitharaman said that subsequent budgets would build on these priorities and more priorities and actions would be added. Sitharaman said the interim Budget presented in February this year highlighted the government's focus in four key areas - poor, women, youth, and farmers.</p>

<p>"We need to focus on the poor, women, youth, and farmers. The Pradhan Mantri Garib Kalyan Anna Yojana was extended for five years, benefiting more than 80 crore people. For Annadatta, the government announced higher Minimum Support Prices for all major crops," she said.</p>


Indian Prime Minister Narendra Modi on Tuesday (Jul 23) expressed his thoughts on the Union Budget 2024-25 which was presented by Finance Minister Nirmala Sitharaman.

Indian Prime Minister Narendra Modi on Tuesday (Jul 23) expressed his thoughts on the Union Budget 2024-25 which was presented by Finance Minister Nirmala Sitharaman. Addressing the country, PM Modi said that this budget strengthens every section of the society. "It takes the country's poor, village and farmer on the path of prosperity." "This budget will provide a new scale to education and skill. It will give new strength to the middle class. It has come with strong schemes aimed at strengthening tribals, Dalits and backwards," Modi added. VIDEO | "This Budget will provide a new scale to education and skill. It will give new strength to the middle class. It has come with strong schemes aimed at strengthening tribals, Dalits and backwards. This Budget will help assure financial partnership," says PM Modi on Union… pic.twitter.com/VQXhlB4UL1 — Press Trust of India (@PTI_News) July 23, 2024 × He also pointed out that the budget would help ensure financial partnership. Hailing the budget, the PM said, "I congratulate all my countrymen on this landmark budget, poised to propel our nation to unprecedented heights of progress. Finance Minister Nirmala Sitharaman Ji and her dedicated team deserve accolades for their tireless efforts." A look at the priorities of the budget This time, the budget identified nine priorities for generating ample opportunities in the country. These priorities are- productivity and resilience in agriculture, employment and skilling, inclusive human resource (HR) development and social justice, manufacturing and service, urban development, energy security, infrastructure, innovation, research and development, and next-generation reforms. Also read | Union budget 2024: Key announcements and implications During her budget speech, Finance Minister Sitharaman said that subsequent budgets would build on these priorities and more priorities and actions would be added. Sitharaman said the interim Budget presented in February this year highlighted the government's focus in four key areas - poor, women, youth, and farmers. "We need to focus on the poor, women, youth, and farmers. The Pradhan Mantri Garib Kalyan Anna Yojana was extended for five years, benefiting more than 80 crore people. For Annadatta, the government announced higher Minimum Support Prices for all major crops," she said.

India Budget 2024: Modi hails budget, says it will give new strength to country's middle class

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India’s budget sees increased allocation for Nepal, Sri Lanka, Seychelles

India Budget 2024: Modi hails budget, says it will give new strength to country's middle class