‘Politically driven with an eye on Delhi and Bihar elections’: Opposition flays budget
1 month, 3 weeks ago

‘Politically driven with an eye on Delhi and Bihar elections’: Opposition flays budget

New Indian Express  

Highlighting the financial performance in 2024-25, he said the revised revenue receipts are lower by Rs 41,240 crore and the revised net tax receipts by Rs 26,439 crore. “The cruelest cuts were in allocations for the SC, ST, OBC and minorities,” he said citing examples of PM Anysuchit Jaati Abhyuday Yojana and PM Young Achievers Scholarship for OBC, EBC, DNT. “Instead of addressing the root cause of the demand problem being faced by so many sectors of the economy, the Modi government is seeking to stimulate the economy by giving tax cuts to the small minority with higher incomes even as expenditures are cut,” it said. Calling it the budget by the “rich for the rich”, the party said the government proposes 100 per cent FDI entry in insurance and privatisation of power sector. “Instead of mobilising resources by taxing the rich and pushing up public investment that would help generate jobs, it has chosen to do the opposite,” it said.

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History of this topic

Mahayuti avoids populist schemes in the first budget after returning to power
1 week, 6 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 …

A step backward for Odisha’s economy
2 weeks, 4 days ago

A step backward for Odisha’s economy

The Hindu  

The Bharatiya Janata Party government in Odisha presented the State Budget for 2025-26 in February, with a total Budget size of ₹2,90,000 crore. However, the BJP government’s fiscal performance over the last nine months has been unimpressive, giving an impression that its economic goals are like pie in the sky without an achievable action plan. Although the current borrowing is …

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly
Trending News
3 weeks ago

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly

The Hindu  

The Jharkhand Government on Monday tabled a ₹1.45 lakh crore Budget for the financial year 2025-26 in the State Assembly. The Jharkhand Mukti Morcha -led coalition Government had presented a Budget of ₹1.28 lakh crore for the 2024-25 financial year. Presenting the first budget of the Heman Soren’s government after retaining power in the assembly election last year, Mr. Kishore …

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary
3 weeks, 3 days ago

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary

The Hindu  

Bihar Deputy Chief Minister Samrat Choudhary who also holds the Finance portfolio on Friday presented the 2024-25 State Economic Survey Report in the Assembly on the opening day of the month-long Budget session and said size of the State’s economy at current prices has increased 3.5 times from ₹2.47 lakh crore in 2011-12 to ₹8.54 lakh crore in 2023-24. The …

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 …

Thrust on growth, FDIs in Anura Kumara Dissanayake’s maiden Budget
1 month, 1 week ago

Thrust on growth, FDIs in Anura Kumara Dissanayake’s maiden Budget

The Hindu  

Sri Lanka expects 5% growth in 2025 — by improving productivity, boosting exports and attracting foreign investments — President Anura Kumara Dissanayake said on Monday, presenting his maiden Budget that signalled his government’s firm adherence to an ongoing International Monetary Fund programme. “We expect exports of goods and services to reach an all-time high of close to $19 billion in …

Only empty promises, no specific roadmap, says Opposition on Union Budget
1 month, 1 week ago

Only empty promises, no specific roadmap, says Opposition on Union Budget

The Hindu  

Continuing the debate on the Union Budget in Parliament, MPs from the Opposition said the government had failed to resurrect India’s manufacturing sector, had given inadequate allocation for health and education, and lacked a roadmap to deal with the challenge of artificial intelligence. All that the Finance Minister said was that we are going to set up 100 centres of …

BJP terms Budget a booster shot as Opposition rakes up slowdown
1 month, 2 weeks ago

BJP terms Budget a booster shot as Opposition rakes up slowdown

The Hindu  

Members of the Opposition and treasury benches went head-to-head during a discussion on the Union Budget 2025-26 in the Lok Sabha on Monday. He defended the Budget, calling it a “force multiplier.” Mr. Thakur said the grand old party had scored a zero in successive elections to the Lok Sabha and the Assembly since 2014. He also wanted to know …

A Budget that is mostly good but with one wrong move
1 month, 2 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 …

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 …

Delhi polls: BJP says budget ‘revolutionary’, AAP calls it ‘deceptive’
1 month, 3 weeks ago

Delhi polls: BJP says budget ‘revolutionary’, AAP calls it ‘deceptive’

Hindustan Times  

The Bharatiya Janata Party and the Aam Aadmi Party on Sunday took on one another over the merits of the Union Budget 2025-26 in multiple press conferences over the day. BJP’s national spokesperson Sudhanshu Trivedi said that “Delhi will benefit the most” from the announcements in the budget, especially pertaining to urban development, power and tax relief, AAP’s Saurabh Bharadwaj …

PM Modi rally in Delhi: ‘BJP only party to respect middle class, Budget fulfils Modi’s guarantees’
1 month, 3 weeks ago

PM Modi rally in Delhi: ‘BJP only party to respect middle class, Budget fulfils Modi’s guarantees’

The Hindu  

Lauding the Union Budget presented by Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi said only the BJP respected the middle class of the country and the Budget was focused on ensuring that “Modi’s Guarantees” were fulfilled. Delhi Assembly elections 2025: Full coverage Addressing his final rally in the capital at R.K. Puram ahead of the Delhi Assembly election in …

Maharashtra Opposition slams Budget 2025 as Bihar-centric; State Government hits back
1 month, 3 weeks ago

Maharashtra Opposition slams Budget 2025 as Bihar-centric; State Government hits back

The Hindu  

The Opposition parties in Maharashtra slammed the Union Budget presented by Finance Minister Nirmala Sitharaman as ‘Bihar budget’. While the Nationalist Congress Party, the Congress and the Shiv Sena UBT hit out at the Budget for open favouritism, the State Bharatiya Janata Party and its governing allies claimed that it was a ‘revolutionary Budget transforming rural India.’ Union Budget 2025 …

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta
Trending News
1 month, 3 weeks ago

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta

Live Mint  

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax deductions, tax clarity on ULIP investments, and tax-free …

Delhi Gets Rs 100 Crore More In Budget 2025. BJP Hails Tax Relief, AAP Says ‘Middle Class Deceived’
Trending News
1 month, 3 weeks ago

Delhi Gets Rs 100 Crore More In Budget 2025. BJP Hails Tax Relief, AAP Says ‘Middle Class Deceived’

ABP News  

New Delhi, Feb 1 : The Delhi government was allocated Rs 100 crore more in the Union Budget 2025-26 presented in the Parliament on Saturday compared to FY 2024-25, even as the Aam Aadmi Party termed it a "major disappointment". मिडल क्लास के होम लोन और व्हीकल लोन में छूट दी जाए; किसानों के… — Arvind Kejriwal February 1, 2025 …

'Will benefit only 20-25 people': Rahul Gandhi slams Union Budget 2025
1 month, 3 weeks ago

'Will benefit only 20-25 people': Rahul Gandhi slams Union Budget 2025

Op India  

Congress leader and Lok Sabha Leader of Opposition, Rahul Gandhi, on Saturday criticized the Union Budget 2025, claiming it was designed to benefit only 20-25 individuals and enrich billionaires. Dismissing the significance of the income tax exemption up to ₹12 lakh—one of the budget’s key highlights—he remarked, “The budget presented today is aimed at benefiting 25 people. Earlier today, Union …

Thumbs up or down? How INDIA bloc reacted to Nirmala Sitharaman's Budget 2025
1 month, 3 weeks ago

Thumbs up or down? How INDIA bloc reacted to Nirmala Sitharaman's Budget 2025

Hindustan Times  

The Opposition's INDIA bloc, including the Congress and Trinamool Congress, Saturday criticised the Union Budget 2025, presented by finance minister Nirmala Sitharaman, claiming that it has nothing to address the “illnesses” of stagnant real wages, lack of buoyancy in mass consumption, sluggish rates of private investment and a complicated GST system that the economy is suffering from. While Congress MPs …

Budget has no steps to address structural challenges economy is facing: Opposition
1 month, 3 weeks ago

Budget has no steps to address structural challenges economy is facing: Opposition

The Hindu  

Expressing disappointment at the Union Budget presented by Finance Minister Nirmala Sitharaman on Saturday, Opposition parties said it was geared for the Bihar Assembly polls scheduled for later this year and there were no measures to address the structural challenges that the economy was facing. Union Budget 2025 LIVE updates Rashtriya Janata Dal MP Manoj K. Jha said the Finance …

The budget’s horizon is closer: Just as our growth challenge needs it to be
1 month, 3 weeks ago

The budget’s horizon is closer: Just as our growth challenge needs it to be

Live Mint  

Ever since India’s government set the goal of a Viksit Bharat by 2047, Union budgets have been bifocal. This is a sign of the Centre’s confidence not just in this agenda, with its mix of short- and long-horizon gains, but also in its capacity to make full use of it amid scepticism evoked by missed targets; its revised capex for …

Rahul Gandhi calls Union Budget 2025 ‘band-aid for bullet wound’
1 month, 3 weeks ago

Rahul Gandhi calls Union Budget 2025 ‘band-aid for bullet wound’

The Hindu  

Congress leader Rahul Gandhi on Saturday criticised the Union Budget 2025 saying the Centre was out of ideas in solving the “economic crisis”. Union Budget 2025 LIVE updates “A band-aid for bullet wounds! Meanwhile, Congress chief Mallikarjun Kharge called said the budget was an “attempt by the Modi government to fool the people”. Follow Union Budget 2025 political reactions LIVE …

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?
1 month, 3 weeks ago

Budget 2025 puts Rs 1 trillion in India's pocket. Will it spend for its economy?

Firstpost  

Consumer spending is set to increase due to a mix of personal income tax changes, reductions in indirect taxes, and a strong emphasis on public investment in the budget. The immediate impact of these income tax changes will result in an additional Rs 1 lakh crore in the hands of taxpayers Finance Minister Nirmala Sitharaman, carrying a red pouch containing …

Band-aid for bullet wounds: Rahul Gandhi attacks government over Budget 2025
1 month, 3 weeks ago

Band-aid for bullet wounds: Rahul Gandhi attacks government over Budget 2025

India Today  

Congress MP Rahul Gandhi on Saturday criticised the 2025 Union Budget, calling it a "band-aid for bullet wounds" and accusing the Prime Minister Narendra Modi-led government of lacking innovative solutions to tackle economic challenges. His remarks came hours after Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year 2025-26 in Parliament. But this government is bankrupt of …

Rahul Gandhi takes ‘band-aid’ potshot at Nirmala Sitharaman's Union Budget 2025
1 month, 3 weeks ago

Rahul Gandhi takes ‘band-aid’ potshot at Nirmala Sitharaman's Union Budget 2025

Hindustan Times  

Rahul Gandhi of the Congress on Saturday took a dig at the Centre over the Union Budget 2025, saying it is “a band-aid for bullet wounds”. The Congress earlier criticised the Union Budget, presented by finance minister Nirmala Sitharaman as bereft of cure to “illnesses” of stagnant real wages, lack of buoyancy in mass consumption, sluggish rates of private investment, …

‘Band-aid for bullets,’ Rahul Gandhi slams Modi govt over Budget 2025, netizens hit back, ‘kuchh to sharam kar’
1 month, 3 weeks ago

‘Band-aid for bullets,’ Rahul Gandhi slams Modi govt over Budget 2025, netizens hit back, ‘kuchh to sharam kar’

Live Mint  

Congress leader Rahul Gandhi hit back the Centre on Saturday over Budget 2025 noting that the ‘government is bankrupt of ideas’ Commenting on the Budget 2025, which was presented by Finance Minister Nirmala Sitharaman, he posted on X, “A band-aid for bullet wounds!” “Amid global uncertainty, solving our economic crisis demanded a paradigm shift. Congress MP Rajmohan Unnithan welcomed the …

‘Force multiplier’, PM Modi hails Union Budget 2025, says ‘will fulfill dreams of 140 crore Indians’
Top News
1 month, 3 weeks ago

‘Force multiplier’, PM Modi hails Union Budget 2025, says ‘will fulfill dreams of 140 crore Indians’

Live Mint  

Budget 2025: Prime Minister Narendra Modi on Saturday lauded Union Budget 2025 as a ‘force multiplier’ and said, “The Viksit Bharat Budget 2025 reflects our Government’s commitment to fulfilling the aspirations of 140 crore Indians.” Hours after the Budget was presented by Union Finance Minister Nirmala Sitharaman, Prime Minister Modi hailed it as a “people’s Budget that will boost savings …

Budget 2025: Budget Offers Big Tax Breaks for Middle Class, Says Jyotiraditya Scindia | ABP NEWS
1 month, 3 weeks ago

Budget 2025: Budget Offers Big Tax Breaks for Middle Class, Says Jyotiraditya Scindia | ABP NEWS

ABP News  

The recent budget offers substantial tax relief to the middle class, with exemptions up to 12 lakh rupees and income tax reductions for high earners, ranging from 40% to 25%. By providing tax relief, the government encourages the middle class to invest in skills development, adopt technologies like AI, and contribute to the entrepreneurial ecosystem. This unprecedented tax relief, which …

‘Band-aid for bullet wounds’: What political leaders said on FM Nirmala Sitharaman’s Budget 2025 speech
1 month, 3 weeks ago

‘Band-aid for bullet wounds’: What political leaders said on FM Nirmala Sitharaman’s Budget 2025 speech

Live Mint  

Budget 2025: Finance Minister Nirmala Sitharaman presented the Union Budget 2025 on Saturday, February 1. Prime Minister Narendra Modi lauded the Union Budget, presented by Finance Minister Nirmala Sitharaman, as a "people's budget" that puts more money in the hands of people and said it is a force-multiplier that will increase investments and lead to growth. Opposition's reaction on Union …

Budget 2025: Insurance FDI Hiked From 74% To 100%, Says Finance Minister
Trending News
1 month, 3 weeks ago

Budget 2025: Insurance FDI Hiked From 74% To 100%, Says Finance Minister

ABP News  

The government has increased the Foreign Direct Investment limit in the insurance sector from 74 per cent to 100 per cent, said Union Finance Minister Nirmala Sitharaman while presenting the Budget for the fiscal year 2025-26 on Saturday. Speaking on the financial sector, Sitharamn said that India Post Payments Bank will enhance and expand its services, focusing on rural areas …

A band-aid for bullet wounds, government bankrupt of ideas: Rahul Gandhi slams union budget
1 month, 3 weeks ago

A band-aid for bullet wounds, government bankrupt of ideas: Rahul Gandhi slams union budget

New Indian Express  

NEW DELHI: Congress leader Rahul Gandhi on Saturday described the union budget as "a band-aid for bullet wounds" and said the "government is bankrupt of ideas" to boost the economy and increase employment. But this government is bankrupt of ideas," Rahul Gandhi, who is Leader of Opposition in Lok Sabha, said in a post on X. Party leader Jairam Ramesh …

Budget 2025: Neither a halwa, nor a biryani
1 month, 3 weeks ago

Budget 2025: Neither a halwa, nor a biryani

New Indian Express  

The FM claimed the government will forego Rs 1 lakh crore through this relief to the salaried class, which could benefit 1.5 million people, as per the tax statistics for the assessment year 2023-24. The budget seeks to ‘get more in the way’ through a series of measures on import duties, setting up of new boards, councils and committees and …

Fadnavis hails Union Budget as ‘dream budget’ for middle class, highlights key Maharashtra allocations
1 month, 3 weeks ago

Fadnavis hails Union Budget as ‘dream budget’ for middle class, highlights key Maharashtra allocations

New Indian Express  

Maharashtra Chief Minister Devendra Fadnavis praised Union Finance Minister Nirmala Sitharaman’s 2025-26 budget, calling it a “dream budget” that provides major relief to the middle class by making income up to Rs 12 lakh tax-free. The budget includes key allocations for Maharashtra, with Rs 683 crore for the Rural Connectivity Improvement Project, Rs 100 crore for the Agribusiness Project, Rs …

Union budget fails to real issues like unemployment, inflation, disparities: Left
1 month, 3 weeks ago

Union budget fails to real issues like unemployment, inflation, disparities: Left

New Indian Express  

NEW DELHI: Following the presentation of the union budget on Saturday, the Left parties launched a scathing attack on the Centre for ‘neglecting the challenges faced by the Indian economy’. The Communist Party of India said that rising unemployment, inflation, increasing inequality and regional disparities are some of the major issues being faced by the people however the budget fails …

Budget 2025: Govt should boost capex by 10-15% to keep the economy humming
1 month, 3 weeks ago

Budget 2025: Govt should boost capex by 10-15% to keep the economy humming

Live Mint  

India has been the fastest growing large economy in the world since the covid pandemic. Higher levels of capex, especially private capex, and attracting greater amounts of FDI could help accelerate growth. A less conservative approach to tax revenue projections can help the government budget higher expenditure to drive growth. Further, taking cues from the current geo-economic trends, the government …

Delhi elections: AAP has promised many freebies. Is there space in the budget for it?
1 month, 3 weeks ago

Delhi elections: AAP has promised many freebies. Is there space in the budget for it?

India Today  

On Monday, the Aam Aadmi Party released its manifesto, promising 15 guarantees, which include significant financial assistance initiatives. India Today's Data Intelligence Unit examined the state’s budget and spending trends across key sectors and found a major part of Delhi’s expenditure goes to the education, sports, and culture sector, which has grown by 52 per cent from FY2020-21 to FY2024-25. …

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
2 months, 3 weeks ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, …

India’s budget needs to address three medium-to-long term priorities
2 months, 3 weeks ago

India’s budget needs to address three medium-to-long term priorities

Live Mint  

As we approach the new year, preparation of the annual budget is proceeding in earnest. Apart from the annual balancing of expenditure, revenues and the deficit, the next budget will hopefully address some medium-to-long term priorities, as there is no other policy document that can address these concerns in the post-Five Year Plan era. Muted growth during the last two …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
3 months, 3 weeks ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint  

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

Running India on a ₹ 100 budget: Where would you put the money?
4 months, 2 weeks ago

Running India on a ₹ 100 budget: Where would you put the money?

Live Mint  

Should India focus on free schools and hospitals for the poor or invest in public infrastructure? This was followed closely by "creating conditions for more government jobs", "investment in public infrastructure", "stimulus for growth of big businesses", and "direct cash transfers to the poor". The emphasis on hospitals and schools aligns with another finding from part 4 of this series, …

Budget 2024: The Neoliberal Lenses That Skew the Vision
7 months, 2 weeks ago

Budget 2024: The Neoliberal Lenses That Skew the Vision

The Hindu  

Published : Aug 04, 2024 16:08 IST - 6 MINS READ With the short-term, frenzied interest that accompanies annual Budget presentations having ended, it is time to look at issues that were largely ignored in the debate. In fact, around the time when Budget 2024-25 was presented, the G20 Finance Ministers’ meeting in Rio had agreed on jointly pursuing a …

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman
7 months, 3 weeks ago

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman

Live Mint  

The government is confident of achieving its fiscal deficit target and sticking to the glide path to trim it to 4.5% of the GDP by FY26, Union finance minister Nirmala Sitharaman told Parliament on Tuesday, addressing concerns raised by the Opposition on the budget. Sitharaman also outlined the government’s budgetary allocations for social sector welfare schemes, public capex, expenditure on …

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers
7 months, 3 weeks ago

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers

Firstpost  

More than 1,000 participants from the industry, government, diplomatic community and think tanks, among others, attended the conference in person while many others will connect virtually from various CII centres around the country and overseas Prime Minister Narendra Modi on Tuesday addressed the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference.’ During his address, PM …

Letters to The Editor — July 26, 2024
7 months, 3 weeks ago

Letters to The Editor — July 26, 2024

The Hindu  

The Budget The Finance Minister may issue rebuttals, but the facts stare at your face. Bihar and Andhra Pradesh, coalition partners of the ruling BJP-led government have got the most allocations. While Bihar received almost ₹59,000 crore, Andhra Pradesh got ₹15,000 crore for developing its capital Amaravati. Kurien As a student in Madras Christian College in the 1970s, I remember …

Budget 2024: A message of fiscal stability, growth continuity
8 months ago

Budget 2024: A message of fiscal stability, growth continuity

The Hindu  

The FY25 Union Budget has sent out a strong message under the new administration — there remains an unequivocal focus on stability and continuity amidst a new chiselled focus on providing growth a more inclusive character in India. The fiscal deficit, at 5.6% of GDP in FY24, still high compared to pre-COVID-19 pandemic levels, provided the needed growth impetus via …

The budget echoes the Developed India vision
8 months ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies
8 months ago

Union Budget evokes mixed response from Andhra’s political leaders, industry bodies

The Hindu  

The Union Budget-2024, presented by Finance Minister Nirmala Sitharaman in the Lok Sabha on July 23, has evoked mixed response from political parties, trade unions and trade bodies. ‘No clarity on funds’ CPI State secretariat member K. Lokanadham said that the Union budget had ‘once again deceived A.P.’ by failing to give clarity on the amount of funds allocated to …

Budget 2024: Sukhvinder Singh Sukhu flays BJP-led government for ignoring disaster-hit Himachal
8 months ago

Budget 2024: Sukhvinder Singh Sukhu flays BJP-led government for ignoring disaster-hit Himachal

The Hindu  

Even as Union Finance Minister Nirmala Sitharaman on Tuesday said that Himachal Pradesh, which suffered extensive losses due to floods last year, would be provided aid through multilateral development assistance, its Chief Minister Sukhvinder Singh Sukhu accused the BJP-led Union government of yet again ignoring the interest of the hill State and its people. Last year, following an unprecedented monsoon …

Atishi on Union Budget: Not even a penny for Delhi as share in central taxes
8 months ago

Atishi on Union Budget: Not even a penny for Delhi as share in central taxes

The Hindu  

Delhi Finance Minister Atishi on July 23 said despite paying ₹2.32 lakh crore in taxes to the BJP-led Centre, the national capital has not even got a single penny as its share in central taxes in the Union Budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha. Addressing a press conference here, Atishi said Delhi had demanded a …

Rahul Gandhi slams Nirmala Sitharaman's Budget: 'To appease...'
8 months ago

Rahul Gandhi slams Nirmala Sitharaman's Budget: 'To appease...'

Hindustan Times  

Leader of Opposition Rahul Gandhi on Tuesday slammed finance minister Nirmala Sitharaman's Union Budget, saying it was aimed at appeasing the BJP's allies and "cronies". The Congress leader described the document as the "Kursi Bachao" Budget and alleged that it was copied from the Congress party's Lok Sabha polls manifesto. Congress leader Jairam Ramesh said the employment scheme was "designed …

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