Tariffs, GDP path in PM pre-budget talks
12 hours, 43 minutes ago

Tariffs, GDP path in PM pre-budget talks

Hindustan Times  

Prime Minister Narendra Modi on Tuesday consulted economists about navigating global uncertainty and maintaining India’s economic growth momentum, ahead of the NDA government’s second budget in its third term in office. Among top officials, the meet was attended by the finance minister, principal secretary to the PM, PK Mishra, Niti Aayog vice-chairman Suman Bery, Niti Aayog’s CEO BVR Subrahmanyam and chief economic advisor V Anantha Nageswaran. “There was a very broad, in-depth discussion on all aspects of India’s economy,” said Chetan Ghate, the director of Institute of Economic Growth, Delhi University, and one of the participants. Those who presented proposals on trade, financial reforms, exports and employment included Janmejaya Sinha, director, Boston Consulting Group, Dharmakirti Joshi, chief economist, Crisil Ltd, Soumya Kanti Ghosh, chief group economist of State Bank of India, Sudipto Mundle of the Centre for Development Studies, Prof Amita Batra of JNU, Prof Bharat Ramaswami of Ashoka University and Rajni Sinha, chief economist CareEdge Group, among others.

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History of this topic

Gold prices slip after Nirmala Sitharaman announces import duties cut in Budget
5 months ago

Gold prices slip after Nirmala Sitharaman announces import duties cut in Budget

Hindustan Times  

Finance minister Nirmala Sitharaman on Tuesday announced a cut in import duties on precious metals gold and silver from 15 per cent to 6 per cent. Finance minister Nirmala Sitharaman on Tuesday announced a cut in import duties on precious metals gold and silver from 15 per cent to 6 per cent After the government's announcement, shares of gold and …

Budget 2024: Finance Minister Nirmala Sitharaman's full speech text | READ
5 months ago

Budget 2024: Finance Minister Nirmala Sitharaman's full speech text | READ

India TV News  

Union Finance Minister Nirmala Sitharaman on Tuesday presented the Budget 2024-25 in the Lok Sabha and addressed the House. Read her full speech here: Sitharaman proposed to reduce customs duties on gold and silver to six per cent and on platinum to 6.4 per cent to enhance value addition in precious metal jewellery. "To enhance domestic value addition in gold …

Will Implement Measures to up Manufacturing, Says Sitharaman
6 months, 1 week ago

Will Implement Measures to up Manufacturing, Says Sitharaman

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Wednesday assumed the charge in office and retained the post for the second term in a row in the ministry as a cabinet minister. “The government is fully committed to ensuring ‘ease of living’ for its citizens and will continue to take further steps in this regard,” she told reporters after taking …

Budget 2024: Measures for economy, select segments to feature in Nirmala Sitharaman's sixth straight budget
10 months, 3 weeks ago

Budget 2024: Measures for economy, select segments to feature in Nirmala Sitharaman's sixth straight budget

India TV News  

New Delhi: Finance Minister Nirmala Sitharaman is set to present the last budget of the Modi 2.0 government before the upcoming general elections. The budget, expected to be a mix of measures for the economy and targeted segments like farmers and women, is the sixth consecutive one for Sitharaman and may highlight the government's achievements over the past decade. Technically …

Govt meets 6.4% fiscal deficit target for FY23
1 year, 6 months ago

Govt meets 6.4% fiscal deficit target for FY23

Hindustan Times  

The Union government met its fiscal deficit target of 6.4% of the gross domestic product for 2022-23 on the back of robust tax revenue despite higher revenue expenditure, particularly on account of subsidies and interest payments, official data released on Wednesday showed. Fiscal deficit indicates government’s borrowing to meet the gap between revenue receipts in a particular financial year and …

Finance Minister Nirmala Sitharaman exhorts exporters to 'foresee' impact of global slowdown, engage with govt
1 year, 10 months ago

Finance Minister Nirmala Sitharaman exhorts exporters to 'foresee' impact of global slowdown, engage with govt

Firstpost  

Nirmala Sitharaman further said that customs authorities at the borders are keeping a tab on both exports and imports New Delhi: Finance minister Nirmala Sitharaman on Wednesday exhorted exporters to be receptive and ‘foresee’ how the recession or slowing economy abroad will pan out for them, while asking them to constantly engage with the government. With regard to imports, she …

Budget 2023: Cheaper EVs as FM Sitharaman extends subsidy on electric batteries
1 year, 10 months ago

Budget 2023: Cheaper EVs as FM Sitharaman extends subsidy on electric batteries

Hindustan Times  

By removing the custom duty on capital goods/machinery for manufacture of lithium-ion cell in batteries of electric vehicles and extending the subsidy on electric batteries for one more year, finance minister Nirmala Sitharaman gave a significant push for EVs by making it cheaper. She announced in her Budget speech at the Parliament on Wednesday that the concessional duty on lithium-ion …

Budget 2023: Why govt should consider tax relief despite limited fiscal room
1 year, 11 months ago

Budget 2023: Why govt should consider tax relief despite limited fiscal room

India Today  

An incremental tax relief in the upcoming Union Budget 2023 could help the central government provide consumption support to the Indian economy in FY24 and shield it from the worsening financial environment in the West. Recently, global economic experts, including International Monetary Fund Deputy Managing Director Gita Gopinath, noted that an inflation-driven price shock could disrupt the lives of people …

Budget this year to follow spirit of earlier ones: Sitharaman
2 years ago

Budget this year to follow spirit of earlier ones: Sitharaman

The Hindu  

Finance Minister Nirmala Sithataman on December 16 indicated that her forthcoming Budget will continue to push growth on the back of public spending as she said it will "follow the spirit" of earlier Budgets. In the Budget, the Finance Minister had raised capital expenditure by 35.4% for the financial year 2022-23 to ₹7.5 lakh crore to boost demand, while the …

Nirmala Sitharaman concludes pre-Budget meetings with stakeholders
2 years ago

Nirmala Sitharaman concludes pre-Budget meetings with stakeholders

Live Mint  

Union Finance Minister Nirmala Sitharaman chaired the pre-Budget consultation meetings for Budget 2023-24 held in virtual mode from November 21-28, 2022. Union Ministers of State for Finance Pankaj Chaudhary and Bhagwat Kishanrao Karad, Finance Secretary TV Somanathan; DEA Secretary Ajay Seth; Chief Economic Advisor V Anantha Nageswaran; DIPAM Secretary Tuhin Kanta Pandey; Financial Services Secretary Vivek Joshi; Corporate Affairs Secretary …

PM Modi To Introduce National Logistics Policy Cut Cost Of Logistics Ease Of Business
2 years, 3 months ago

PM Modi To Introduce National Logistics Policy Cut Cost Of Logistics Ease Of Business

ABP News  

New Delhi: Prime Minister Narendra Modi will launch the National Logistics Policy on Saturday at 5:30 pm at the Vigyan Bhawan in Delhi. In a statement issued by the Prime Minister’s Office, the need for a national policy was felt since the logistics cost in India is high compared to other developed economies. “National Logistics Policy, a comprehensive effort to …

Government announces customs duty cut on iron, steel inputs
2 years, 7 months ago

Government announces customs duty cut on iron, steel inputs

Live Mint  

Finance minister Nirmala Sitharaman said on Saturday that the government will rework customs duty on iron and steel and their raw materials to tame prices. “We are calibrating customs duty on raw materials and intermediaries for iron and steel to reduce their prices. The minister also said the government has decided to reduce customs duty on raw materials and intermediaries …

Centre may revise duty on electronics
2 years, 10 months ago

Centre may revise duty on electronics

Hindustan Times  

The government is likely to rejig customs duties on components or sub-parts of consumer electronics and mobile phones in the upcoming Union budget, two people familiar with the development said. The government is considering reducing import duties on components of audio devices and wearables such as smartwatches and smart bands to boost local manufacturing, the second person said, also declining …

Union Budget 2021: What gets cheaper and what's costlier
3 years, 10 months ago

Union Budget 2021: What gets cheaper and what's costlier

India Today  

Finance Minister Nirmala Sitharaman on Monday presented the Union Budget for the fiscal year beginning April 1. Health emerged as the topmost priority for the Narendra Modi government as the finance minister proposed more than doubling of healthcare spending while imposing a new agri cess on certain imported goods and raising customs duty on items ranging from cotton to electronics …

Budget 2021: AC and Refrigerator to Be Costlier; Gold and Silver to Be Cheaper
3 years, 10 months ago

Budget 2021: AC and Refrigerator to Be Costlier; Gold and Silver to Be Cheaper

News 18  

A large number of commonly used items, including refrigerators, air conditioners, LED lights and mobile phones, will become more expensive due to hike in customs duty on imported parts, as proposed by Finance Minister Nirmala Sitharaman in the Union Budget for 2021-22. However, gold and silver will become cheaper as a result of rationalisation in customs duty on imports of …

Budget 2021: Govt may increase customs duty on certain components, says report
3 years, 10 months ago

Budget 2021: Govt may increase customs duty on certain components, says report

Live Mint  

Union Finance Minister Nirmala Sitharaman will present Prime Minister Narendra Modi-led NDA government's eighth budget on February 1 amid the Covid-19 pandemic and under the unprecedented economic crisis triggered by it. This time, the Central Government may increase the customs duty on certain components, sources told ANI on Wednesday. According to the sources, to boost the Make in India initiative, …

Meet Nirmala Sitharaman's Team Behind Budget 2021 That Promises to Be 'Like Never Before'
3 years, 10 months ago

Meet Nirmala Sitharaman's Team Behind Budget 2021 That Promises to Be 'Like Never Before'

News 18  

In less than a week, the Narendra Modi government will present perhaps its most important budget as the Indian economy recovers from an unprecedented global pandemic. Meet Finance Minister Nirmala Sitharaman’s team that will navigate often competing, multiple demands from various sectors, citizens, and stakeholders to provide a probable balm in these Covid times. As head of the Revenue Department, …

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