A tightrope act: The budget does a good job of balancing divergent demands
1 month, 3 weeks ago

A tightrope act: The budget does a good job of balancing divergent demands

Live Mint  

India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. Notably, fiscal consolidation remains the budget’s primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This cut, which accounts for almost the entire fiscal consolidation of 0.4 percentage points, comes from reductions in three main areas: administrative costs, central government programmes and other expenses. Further, addressing India’s slowdown in growth momentum is on top of the minds of policymakers, as evident in the many measures in the budget to stimulate growth, most notably through revised income tax thresholds.

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History of this topic

Cross-Sectional Analysis of States’ Budget in India – FY 2024-25
1 day, 13 hours ago

Cross-Sectional Analysis of States’ Budget in India – FY 2024-25

Deccan Chronicle  

The budget is one of the principal administration tools and the most potent legislative control and executive management instrument. Against this backdrop, the budget for 2024-25 of 17 general category states of India is evaluated through the “Index of Budgetary Evaluation ”. These seven indices are to deficit index, revenue efficiency index, expenditure quality index, debt burden index, capital outlay …

Delhi’s fiscal deficit increases by nearly 900%; not a major worry, says expert
3 days, 23 hours ago

Delhi’s fiscal deficit increases by nearly 900%; not a major worry, says expert

The Hindu  

Even as the total outlay of the annual budget increased by 43.8% to ₹1 lakh crore in the Bharatiya Janata Party’s first budget after coming to power, the fiscal deficit of the Delhi government is expected to rise by 899.67% compared to last year, as per budget documents. As per the budget documents, Delhi’s fiscal deficit 2025-26 is expected to …

Tamil Nadu’s finances show signs of improvement
1 week, 2 days ago

Tamil Nadu’s finances show signs of improvement

The Hindu  

The finances of the Tamil Nadu government are showing signs of improvement, though it is too early to arrive at any definitive conclusion about the fiscal position. Likewise, it can be seen that the share of capital expenditure in net public debt or net borrowings is on the rise, despite a substantial amount of borrowings still being used to finance …

Congress MLAs express concern over declining capital expenditure
1 week, 3 days ago

Congress MLAs express concern over declining capital expenditure

Hindustan Times  

The opposition Congress on Tuesday expressed concern over the decline in the capital outlay in the 2025-26 budget estimates tabled by chief minister Nayab Singh Saini in Haryana assembly on March 17. Congress leader Bhupinder Singh Hooda Speaking during the general discussion on budget, Congress MLA from Rohtak BB Batra said that the proposed capital outlay in 2025-26 estimates was …

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman
1 week, 4 days ago

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the government’s push for capital expenditure, while maintaining fiscal discipline, has not come at the cost of public spending, emphasizing that allocations for social welfare and education have increased significantly. Speaking at the Rajya Sabha, Sitharaman said the effective capital expenditure for the next fiscal year, 2025-26, is projected to be …

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu
2 weeks ago

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu

New Indian Express  

CHENNAI: Finance Minister Thangam Thennarasu said the fiscal deficit of the state government is estimated to decrease to 3% of the GSDP during 2025-26. This is despite the state falling short of its last year’s target of total revenue receipts, which was revised downwards from Rs 2.99 lakh crore to Rs 2.93 lakh crore in the Revised Estimate 2024-25. The …

Declining Inflation Sets The Stage For Stronger GDP Growth; Here's How
2 weeks, 2 days ago

Declining Inflation Sets The Stage For Stronger GDP Growth; Here's How

ABP News  

The decline in retail inflation to a level that is below the RBI’s targeted level of 4 per cent is expected to pave the way for accelerating GDP growth ahead as it provides the central bank with more headroom to cut interest rates and expand liquidity to spur economic activity and create more jobs. Similarly, a Crisil report states that …

A State under severe financial stress
2 weeks, 3 days ago

A State under severe financial stress

The Hindu  

The Andhra Pradesh government presented a Budget of more than ₹3.22 lakh crore for FY2025-26. Public debt, the total amount of money that a government borrows to fund its spending, is estimated to increase to ₹1.02 lakh crore in FY2025-26. According to experts, the surge in public debt is largely due to “freebies, fewer tax revenues, and meagre capital expenditure.” …

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s
2 weeks, 3 days ago

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s

Live Mint  

Higher government capex and a boost in consumption will fuel India's economic growth in FY26, exceeding 6.5 per cent in the next fiscal, Moody's ratings said on Wednesday. “Government capital expenditure, tax cuts for middle-class income groups to boost consumption and monetary easing will help India's real GDP growth exceed 6.5% for fiscal 2025-26 from 6.3% in fiscal 2024-25,” Moody's …

Mahayuti avoids populist schemes in the first budget after returning to power
2 weeks, 4 days ago

Mahayuti avoids populist schemes in the first budget after returning to power

Hindustan Times  

Mumbai: Four months after winning the Maharashtra assembly elections on the back of a slew of populist schemes, the Mahayuti government’s first budget after retaining power reflected an estimated debt of ₹9,32,242 crore for the financial year 2025-26, which is the highest in the state’s history. Populist schemes worth ₹96,000 crore announced in last year’s budget in June, weeks after …

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies
2 weeks, 5 days ago

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for a net additional spending of ₹51,463 crore in FY25 to meet funding requirements of mainly fertilizer, food and cooking gas subsidy and defence pension. The government also sought House approval for an extra ₹6.27 trillion spending, mainly for repayment of debt, which does not involve additional cash outgo …

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time
Top News
3 weeks, 1 day ago

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time

The Hindu  

Karnataka’s budget outlay has for the first time crossed ₹4 lakh crore. In his 16th budget Chief Minister Siddaramaiah presented on Friday for the fiscal year 2025-26, the total budget outlay has been estimated to be ₹4,09,549 crore. Follow for live updates on Karnataka Budget 2025-26 The budget outlay includes revenue expenditure of ₹3,11,739 crore, capital expenditure of ₹71,336 crore …

Karnataka CM Siddaramaiah presents state Budget
3 weeks, 1 day ago

Karnataka CM Siddaramaiah presents state Budget

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Siddaramaiah, presenting his record sixteenth budget on Friday, strongly defended the government's five guarantee schemes and targeted the union government for the state's fiscal challenges. It includes revenue expenditure of Rs 3,11,739 crore, capital expenditure of Rs 71,336 crore and loan repayment of Rs 26,474 crore.The chief minister presented the budget in the Assembly sitting due …

Karnataka CM presents Rs 19,000 crore revenue deficit budget with Rs 4.09 lakh crore outlay
3 weeks, 1 day ago

Karnataka CM presents Rs 19,000 crore revenue deficit budget with Rs 4.09 lakh crore outlay

New Indian Express  

BENGALURU: Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented a Rs 19,262 crore revenue-deficit Karnataka Budget for 2025-26 here on Friday, March 7, with a total outlay pegged at Rs 4,09,549 crore as against the revised estimate of Rs 3,65,865 crore for 2024-25. Though it showed commitment to implement the five guarantees, the allocation saw a stagnation as …

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week
3 weeks, 2 days ago

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week

Live Mint  

New Delhi: The union government, which is preparing to seek Parliament’s approval for additional funding for the current financial year, now has extra fiscal headroom on account of the improvement in the economic growth rate to 9.9% in nominal terms, as forecast last Friday by the statistics ministry. The slight upward revision in the economic growth rate projection – from …

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26
3 weeks, 5 days ago

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26

The Hindu  

Ahead of the State elections in October-November this year, the Bihar government on Monday tabled estimated Budget of ₹3,16,895.02 crore in the Assembly for the financial year 2025-26. The Deputy Chief Minister Samrat Choudhary who also holds finance department said that the State government would spend ₹60,954 crores on education, ₹20,335 crores on health, ₹16,193 crores on rural development and …

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
Trending News
1 month ago

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target

Live Mint  

India's fiscal deficit for the April-January period of financial year 2024-25 stood at ₹11.70 trillion, 74.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. Receipts and expenditure During the April-January period, net tax receipts stood at ₹19.04 trillion, or 74.4% of the target set in the annual budget, against ₹18.80 …

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%
Trending News
1 month ago

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%

Deccan Chronicle  

New Delhi: The output of eight key infrastructure sectors rose by 4.6 per cent in January against a 4.2 per cent expansion in the same month of last year, but it was slower compared to 4.8 percent a month ago, while the Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, two …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
1 month ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26
1 month ago

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26

The Hindu  

The Andhra Pradesh state government, on Friday, presented the annual budget for the financial year 2025-26 with a total outlay of ₹3,22,359 crore. Presenting the budget in Andhra Pradesh Assembly on Friday, Andhra Pradesh Finance Minister Payyavula Keshav said that the estimated revenue deficit is around Rs. The revenue deficit is 3.01% and fiscal deficit is 4.57 per cent of …

IMF report: Key structural reforms could raise India’s economic growth potential
1 month ago

IMF report: Key structural reforms could raise India’s economic growth potential

Live Mint  

New Delhi: The International Monetary Fund has said India's robust economic performance presents a crucial opportunity to implement key structural reforms that are essential for achieving its goal of becoming an advanced economy by 2047. In an Article IV Consultation report for 2024, the IMF executive board said deeper implementation of structural reforms could boost private investment and employment in …

State on tightrope walk in finalising budget proposals for 2025-26
1 month ago

State on tightrope walk in finalising budget proposals for 2025-26

The Hindu  

The Finance department is on a tightrope walk in finalising the budget estimates for the financial year 2025-26 as the State is a long way from realising the targets of revenue receipts set for the current fiscal. The State has to make provisions for Rythu Bharosa involving close to ₹20,000 crore, subsidies, including free power to farm sector estimated around …

UP Budget goes bigger, but fund utilisation remains a challenge
1 month, 1 week ago

UP Budget goes bigger, but fund utilisation remains a challenge

Hindustan Times  

LUCKNOW Uttar Pradesh government may have increased the allocations for various sectors with the size of the annual budget also going up year after year, but it faces the greater challenge of spending the funds. In 2023-2024, the state government estimated a revenue expenditure of ₹ 5.21 lakh crore, and could use only ₹ 4.29 lakh crore. The government later …

Indian economy to pick momentum in H2FY25 amid tax relief, interest rate cuts: RBI Bulletin
1 month, 1 week ago

Indian economy to pick momentum in H2FY25 amid tax relief, interest rate cuts: RBI Bulletin

Live Mint  

The Indian economy will likely get a boost from the pick-up in rural demand and the income tax relief announced in the Union Budget 2025, which is expected to support urban consumption amid interest rate cuts. The Reserve Bank of India highlighted in its monthly economic bulletin on Wednesday, February 19, that India's urban consumption is “poised for a recovery.” …

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
1 month, 1 week ago

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI

Live Mint  

India Q3 GDP Growth: The State Bank of India estimates that India's gross domestic product grew 6.2-6.3 per cent in the December quarter of 2024-25. India Q3 GDP Growth Estimates SBI Research's October-December GDP estimates highlighted its in-house developed 'Nowcasting Model', which leverages 36 high-frequency indicators. India's GDP grew by 8.2 per cent during the financial year 2023-24 and continued …

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal
1 month, 1 week ago

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal

The Hindu  

Odisha Chief Minister Mohan Charan Majhi on Monday presented the State’s annual Budget for 2025-26 with total outlay of ₹2,90,000 crore, prioritising capital expenditure which is pegged at ₹65,012 crore – 6.1% of Gross State Domestic Product. Presenting his first full budget after Bharatiya Janata Party came to power in Odisha in June 2024, Mr. Majhi said, “I propose the …

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman
1 month, 2 weeks ago

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman

The Hindu  

India’s economy is in the midst of “a speedy rebound” after a brief moderation in the second quarter of this year, Finance Minister Nirmala Sitharaman said on Tuesday, asserting that the Union Budget 2025-26 has sought to address the immediate challenges facing the national economy amid “immense” global uncertainties. ‘Strong economic foundations’ Stressing that India’s economy grew by an average …

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM
1 month, 2 weeks ago

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM

Live Mint  

New Delhi: India is on course to making a speedy rebound and to retaining the tag of the fastest growing economy on account of its strong fundamentals and measures taken by the government, finance minister Nirmala Sitharaman told Parliament on Tuesday. I want to inform members, on account of strong economic foundation, a speedy rebound is happening and we shall …

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha
1 month, 2 weeks ago

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha

The Hindu  

The Government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on Tuesday She said the effective capital expenditure in FY'26 is ₹15.48 lakh crore, which is 4.3% of GDP. "It indicates that the government is using almost the entire borrowed resources for financing effective capital expenditure. So, in effect, the government …

India's GDP witnessing speedy rebound, set to remain world's fastest growing economy: Sitharaman in Lok Sabha
1 month, 2 weeks ago

India's GDP witnessing speedy rebound, set to remain world's fastest growing economy: Sitharaman in Lok Sabha

India TV News  

Parliament Session: Finance Minister Nirmala Sitharaman on Tuesday said that the Indian economy is experiencing a "speedy rebound" from the 5.4 per cent growth recorded in the second quarter of the current fiscal. Sitharaman said the effective capital expenditure in FY'26 is Rs 15.48 lakh crore, which is 4.3 per cent of GDP. She said the effective capital expenditure in …

Fiscal and monetary measures to boost consumption, private investment says FM
1 month, 3 weeks ago

Fiscal and monetary measures to boost consumption, private investment says FM

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday said, “Fiscal and monetary measures announced recently will help boost consumption and promote private investment.” The Budget presented by the Finance Minister on February 1 proposed a slew of measures including significant income tax cuts for the middle class. On the monetary side, the Reserve Bank of India on Friday slashed the policy rate …

Kerala Budget 2025: State’s own tax revenue expected to grow at 12.11%
1 month, 3 weeks ago

Kerala Budget 2025: State’s own tax revenue expected to grow at 12.11%

The Hindu  

It is estimated that the State’s Own Tax Revenue would grow at 12.11% in 2025-26 over the revised estimates for the previous fiscal. SOTR would grow to ₹91,514.75 crore in 2025-26 compared to ₹81,627.29 crore in 2024-25, budget documents tabled in the State Assembly on Friday noted. The share of Central taxes is expected to grow at 12% in anticipation …

RBI MPC meeting 2025: RBI projects 6.7% growth for FY’26 on better Rabi harvest, tax relief by govt
1 month, 3 weeks ago

RBI MPC meeting 2025: RBI projects 6.7% growth for FY’26 on better Rabi harvest, tax relief by govt

The Hindu  

Reserve Bank on Friday projected the growth rate for the upcoming financial year at 6.7%, up from 6.4% estimated for the current fiscal ending March. Healthy Rabi prospects and an expected recovery in industrial activity should support economic growth in 2025-26, RBI Governor Sanjay Malhotra said while announcing his first bi-monthly monetary policy for the current fiscal. Finance Minister Nirmala …

A Budget that is mostly good but with one wrong move
1 month, 3 weeks ago

A Budget that is mostly good but with one wrong move

The Hindu  

The Union Budget has got many things right. Gross tax revenues Growth in the Government of India’s gross tax revenues have trended downwards in recent years. Level of government expenditure Tax and non-tax revenues, non-debt capital receipts and fiscal deficit together determine the size of government expenditure. In fact, this was so even in 2024-25, when the government’s total expenditure …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 3 weeks ago

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys

Deccan Chronicle  

Mumbai: Moody’s Ratings on Tuesday said that the income tax cuts announced in the Union Budget 2025 will boost middle-class spending and benefit corporates and the financial sector but warned that the lost revenue could slow fiscal consolidation despite a decline in spending as a share of GDP. Although the government has estimated consequent foregone revenue at around Rs 1 …

Vivek Kaul: Does the budget signal a change in the government’s growth strategy?
1 month, 3 weeks ago

Vivek Kaul: Does the budget signal a change in the government’s growth strategy?

Live Mint  

In the stock market circles of Central and South Mumbai, the phrase ‘kya lagta hai’? This could potentially reduce the annual bonuses for the KLH crowd, which may explain their recent outpourings on the government needing to lower tax rates to increase disposable income, stimulate spending and boost companies, the stock market and the economy. In 2025-26, the government expects …

Amid challenges, U.P. govt gets ready to present 2025-2026 budget
1 month, 3 weeks ago

Amid challenges, U.P. govt gets ready to present 2025-2026 budget

Hindustan Times  

Amid challenges of mobilising additional funds and making use of them, the U.P. We now have an idea about the funds earmarked for the state – U.P.’s share in the central taxes, central assistance and the likely allocations under centrally “Around 10 to 15 percent increase is expected in the size of the state government’s budget as many big development …

Fitch says Budget is neutral for growth
1 month, 3 weeks ago

Fitch says Budget is neutral for growth

The Hindu  

India’s 2025-26 Budget will be “broadly neutral” for growth prospects, and while its projections “appear realistic”, revenues could see some modest slippages amid the moderation in growth, warranting further restraint on expenditure, Fitch Ratings said on Monday. “Still, the pace of debt reduction is gradual, which leaves open downside risks from a large economic shock,” cautioned Jeremy Zook, director and …

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil
1 month, 3 weeks ago

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil

Live Mint  

India's economy is expected to grow at 6.5 per cent in the next financial year 2025-26, slightly higher than the 6.4 per cent growth estimated for the ongoing fiscal year. “Lower inflation and the RBI's rate cuts are expected to lift growth next fiscal, assuming a normal monsoon and lower crude oil prices,” said Crisil. If India's inflation moves closer …

Centre will sustain capex: Expenditure secretary Manoj Govil
1 month, 3 weeks ago

Centre will sustain capex: Expenditure secretary Manoj Govil

Live Mint  

NEW DELHI : The central government will maintain its focus on capital expenditure in the final quarter of 2024-25, and the year ahead, despite a dip in the first half of the year, expenditure secretary Manoj Govil said on Monday. He said the central government remains committed to capital infrastructure spending, with grants-in-aid for capital assets set to rise to …

When consumption push and fiscal consolidation go hand in hand
Trending News
1 month, 3 weeks ago

When consumption push and fiscal consolidation go hand in hand

Live Mint  

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing on the path of fiscal consolidation. More importantly, by shifting the anchor of fiscal consolidation from fiscal deficit to debt to GDP, the FM …

Fitch rules out rating upgrade, but says fiscal targets realistic
1 month, 3 weeks ago

Fitch rules out rating upgrade, but says fiscal targets realistic

New Indian Express  

Mumbai: International rating agency Fitch has said the fiscal numbers – 4.8% fiscal deficit for this fiscal and 4.4% for the next-- proposed in the Budget 2025 looks realistic and achievable. On the rating impact of the Budget, he said; “Sustained deficit reduction, meeting of fiscal targets and continued adherence to transparency further bolsters India’s improving fiscal credibility, as we …

Budget 2025: Today's consumption will fuel tomorrow's capex
1 month, 3 weeks ago

Budget 2025: Today's consumption will fuel tomorrow's capex

New Indian Express  

India's economic future hinges on a delicate balance: igniting consumption-led growth while maintaining fiscal discipline. The 2025 budget embraces this challenge, strategically deploying tax cuts and increasing purchasing power along with maintaining fiscal prudence. The budget catalyses the creation of a virtuous cycle, where consumption fuels demand, which in turn shall fuel investment. Investing in MSME Growth India's 57 million …

Budget 2025 overlooks joblessness
Trending News
1 month, 3 weeks ago

Budget 2025 overlooks joblessness

The Hindu  

The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. Among centrally The Finance Minister has sought to counterbalance the deflationary impact of these expenditure cuts by enhancing the annual rebate for income tax payers from ₹7 lakh to ₹12 lakh from 2025-26. …

Beyond tax cuts, a closer read of the Union Budget
Trending News
1 month, 3 weeks ago

Beyond tax cuts, a closer read of the Union Budget

The Hindu  

The Union Finance Minister, Nirmala Sitharaman’s presentation of the Union Budget on Saturday, February 1, was against the backdrop of pressing macroeconomic challenges — persistently high taxes and unemployment squeezing the middle-income class, subdued private investment, mounting external vulnerabilities that threaten to derail the growth story, and a looming fiscal overhang. While the Finance Minister laid out an ambitious road …

Chandrajit Banerjee: The budget will help drive India’s GDP growth in challenging times
1 month, 3 weeks ago

Chandrajit Banerjee: The budget will help drive India’s GDP growth in challenging times

Live Mint  

Finance minister Nirmala Sitharaman has presented a strong Union budget for 2025-26. While introducing tax cuts and enhancing public capital expenditure, the budget appropriately recognizes maintaining fiscal prudence as a fundamental requirement for achieving sustainable growth. The budget’s triumvirate of support for consumption through tax cuts, an increase in capex for infrastructure and a fiscal deficit reduction will lay India’s …

Budget 2025 - A fine blend of tax reforms and growth
1 month, 3 weeks ago

Budget 2025 - A fine blend of tax reforms and growth

Live Mint  

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The fiscal deficit target was brought down by 40 basis points to 4.4% of gross domestic product when geopolitical headwinds, global uncertainties, depreciating rupee, slowdown …

This budget is remarkable for its fiscal restraint—apart from other aspects
Trending News
1 month, 3 weeks ago

This budget is remarkable for its fiscal restraint—apart from other aspects

Live Mint  

The Union budget for 2025-26 is being hailed as a “thanksgiving’’ for the middle-class, while its personal income tax relief is being called “historic’’ and has hogged most of the limelight. Importantly, in absolute terms, the fiscal deficit is likely to remain flat at ₹15.7 trillion in 2025-26, as compared to 2024-25, and lower than its level of ₹16.5 trillion …

Finance minister Nirmala Sitharaman's eighth budget in eight points
1 month, 3 weeks ago

Finance minister Nirmala Sitharaman's eighth budget in eight points

Live Mint  

Nirmala Sitharaman had an unenviable task of boosting economic growth without compromising the fiscal consolidation efforts of the government when she presented her record eighth consecutive budget on Saturday. A mini bazooka Faced with a sharp fall in urban consumption which dragged economic growth down in the second quarter of this fiscal to just 5.4% of the gross domestic product …

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