Wednesday, December 25, 2024
News

Gender budgeting share in total expenditure rises to 6.8% from 4.5% in 2014, up 18.9% in FY25 (YoY): RBI

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | December 25, 2024 10:12:16 AM IST
India has completed 20 years of implementing gender budgeting policies, with the share of the gender budget in the total expenditure rising to 6.8 per cent in 2024 from 4.5 per cent in 2014, according to a report by the Reserve Bank of India (RBI).

The gender budget allocation for 2024-25 stands at Rs 3.27 lakh crore, marking an 18.9 per cent increase over the revised estimates of 2023-24.

The Centre's Gender Budget is categorized into three parts. Part A includes schemes exclusively benefiting women, while Part B comprises programs where at least 30 per cent of funds are directed toward women's welfare.

A new category, Part C, was introduced in 2024-25, focusing on schemes where less than 30 per cent of funds are allocated for women's welfare.

The RBI report stated that the rise in Part A allocations, particularly between 2021 and 2025, has been driven by programs like the Pradhan Mantri Awaas Yojana (housing for poor households) and LPG connections for underprivileged families.

The RBI also added that gender budgeting has brought significant changes to India's fiscal policies, promoting gender equity in education, healthcare, and infrastructure. India is among 23 countries recognized globally for its efforts in this area.

It said, "Gender budgeting has prompted changes in India's fiscal policies for education, health, and infrastructure, advancing gender-oriented goals in India."

The report suggested that introducing clear mechanisms to classify expenditures and enacting a legal framework, such as the proposed Gender Budgeting Act, could further strengthen transparency and effectiveness in advancing gender-oriented goals.

"Additionally, creating a legal provision, such as the Gender Budgeting Act proposed by the NITI Aayog in 2022, could provide a robust framework to guide these efforts" the report added.

For the 2024-25 fiscal year, the Ministry of Rural Development accounted for 63.7 per cent of Part A allocations, followed by Housing and Urban Affairs (23.3 per cent) and Petroleum and Natural Gas (8.1 per cent). Together, these three ministries make up over 95 per cent of the budgeted expenditure under Part A.

Gender budgeting, introduced in the Union Budget 2005-06, aims to ensure gender-responsive fiscal policies. The initiative gained momentum with the establishment of Gender Budgeting Cells across ministries in 2007.

Odisha led the way at the state level, adopting gender budgeting in 2004-05. During 2024-25, 11 states presented Gender Budget Statements (GBSs). (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Demand for work under MGNREGA remained l...
Centre releases XV Finance Commission gr...
By 2030, 60% of new home buyers will be ...
India's focus on tourism is not only to ...
A New Year's Miracle: The Second Moscow ...
Online job postings rose by 20% in 2024,...
More...
 
INDIA WORLD ASIA
Atal Bihari Vajpayee's 100th birth anniv...
PM Modi inaugurates development projects...
Samsung launches new durable Sonic the H...
Police arrest one accused in alleged gan...
Apple confirms iOS 18.2.1 build number; ...
PM Modi to launch 'Suposhit Gram Panchay...
More...    
 
 Top Stories
President Murmu extend Hanukkah gre... 
20 years on: Tsunami survivor Megha... 
President Murmu extends Hanukkah gr... 
Babar Azam returns as Pakistan anno... 
Travis Barker wishes his daughter A... 
Mumbai: 1 dead, 3 injured in a wate... 
Chag Sameach!: LS speaker Om Birla ... 
Union Minister Sarbananda Sonowal p...