Budget focused on poll-bound States: Gehlot
3 years, 11 months ago

Budget focused on poll-bound States: Gehlot

The Hindu  

Rajasthan Chief Minister Ashok Gehlot on Monday said the Union Budget, which was focused on five election-bound States, did not contain any concrete measures to address the issue of unemployment caused by the COVID-19 pandemic. It seems to be more a five electoral States’ budget rather than the Union Budget,” Mr. Gehlot said. Referring to the financial crisis faced by States during the pandemic, Mr. Gehlot said the State governments had expected for special economic packages in view of their financial resources having been badly affected. A new cess has been introduced in this segment,” Mr. Gehlot said, adding that the impact of the ever-increasing prices of petrol and diesel would finally pass on to the public at large.

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History of this topic

States push for more fiscal room, seek expansionary Union budget
3 weeks, 4 days ago

States push for more fiscal room, seek expansionary Union budget

Live Mint  

State governments on Friday sought extra headroom for their borrowings and greater fiscal support for their capital expenditure from the Centre, while advocating an expansionary union budget for FY26 to arrest an economic slowdown and a weakening currency. Ministers from 28 states, including some of the chief ministers and deputy chief ministers, attended Union finance minister Nirmala Sitharaman’s budget consultations …

States push for more fiscal room, seek expansionary Union budget
3 weeks, 4 days ago

States push for more fiscal room, seek expansionary Union budget

Live Mint  

State governments on Friday sought extra headroom for their borrowings and greater fiscal support for their capital expenditure from the Centre, while advocating an expansionary union budget for FY26 to arrest an economic slowdown and a weakening currency. Ministers from 28 states, including some of the chief ministers and deputy chief ministers, attended Union finance minister Nirmala Sitharaman’s budget consultations …

Budget’s focus on boosting farm output to help Punjab: BJP leader
5 months, 2 weeks ago

Budget’s focus on boosting farm output to help Punjab: BJP leader

Hindustan Times  

Subhash Sharma, vice-president, BJP, Punjab, on Wednesday held a press conference in Phase 5, Mohali, highlighting key points of the Union Budget 2024-25, benefitting Punjab. Sharma said that the Union Budget’s focus on boosting agricultural productivity and resilience, simplifying FDI regulations, and supporting MSMEs will significantly benefit Punjab. Compared to the period of the UPA government, Punjab’s tax devolution from …

OPINION | Union Budget 2024: Is it for two states, made by two persons?
5 months, 3 weeks ago

OPINION | Union Budget 2024: Is it for two states, made by two persons?

India TV News  

The Opposition was in full gear on Tuesday, as the debate on Union Budget began in both Houses of Parliament. Outside the House, Opposition leaders led by Sonia Gandhi, Mallikarjun Kharge, Rahul Gandhi, Akhilesh Yadav and other alliance leaders, raised slogans alleging that the Budget was "discriminatory against non-BJP-ruled states" and "it violated the spirit of federalism". Leader of Opposition …

Opinion: Budget money in the Andhra wallet gives Chandrababu Naidu political wings
5 months, 3 weeks ago

Opinion: Budget money in the Andhra wallet gives Chandrababu Naidu political wings

India Today  

Two days before the Union budget was presented in Parliament, a source with his ear to the ground predicted that Chandrababu Naidu would have his stamp on the budget. Andhra Pradesh's capital city, Amaravati which till June 4 was a ghost town, now would get special financial support of Rs 15,000 crore this year, to be facilitated by the Centre …

How does the Union Budget impact politics?
5 months, 3 weeks ago

How does the Union Budget impact politics?

Hindustan Times  

The most interesting counterfactual as far as the 2024 election results are concerned is whether they would have been different had the interim budget been different. The 2024 interim budget, which came in the backdrop the BJP winning in these three states in 2023. did not do much with an eye on the elections. Will this focus on job-creation help …

No cuts in Interim Budget allocations: Nirmala
11 months, 1 week ago

No cuts in Interim Budget allocations: Nirmala

Deccan Chronicle  

New Delhi: Exuding confidence in India’s economic growth, Union finance minister Nirmala Sitharaman on Wednesday said that all the allocations have not been cut under any head in the interim Budget for 2024-25, rather it has either remained the same or gone up in FY25 Budget in the flagship schemes. Meanwhile, the Lok Sabha also passed the Rs 47.66-lakh-crore interim …

New taxes, free electricity, jobs: CM Gehlot presents populist budget in assembly
1 year, 11 months ago

New taxes, free electricity, jobs: CM Gehlot presents populist budget in assembly

Hindustan Times  

A few months ahead of the assembly elections, chief minister Ashok Gehlot presented a populist budget with no new taxes and bumper announcements in Rajasthan Assembly on Friday. The package includes free food packets every month to poor families, LPG cylinders for ₹500 under the Ujjwala Scheme and free electricity up to 100 units per month to domestic consumers and …

Key takeaways from Union Budget 2023-24 in charts
1 year, 11 months ago

Key takeaways from Union Budget 2023-24 in charts

The Hindu  

The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. Transfer to states/UTs Allocation to Ministries The Union Budget allocated a massive ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last …

Congress MP Syed Naseer Hussain calls Union Budget ‘election oriented’
1 year, 11 months ago

Congress MP Syed Naseer Hussain calls Union Budget ‘election oriented’

Hindustan Times  

Congress has expressed its disappointment after the union finance minister Nirmala Sitharaman announced the Union Budget 2023 on Wednesday after it failed to address key issues. Dubbing the budget as ‘Naam Bade Aur Darshan Chhote Budget’, Congress said issues pertaining to unemployment, inflation and price rise were not addressed. Speaking to HT, Congress MP Syed Naseer Hussain, slammed the budget …

Reading the Union Budget with state govt spending statistics
1 year, 11 months ago

Reading the Union Budget with state govt spending statistics

Hindustan Times  

Finance minister Nirmala Sitharaman will present her fifth consecutive budget on February 1 this year. See Chart 1: Share of central and state spending in total government expenditure in India There was no significant increase in states’ fiscal deficit post-pandemic The union government’s fiscal deficit has seen a sharp increase in the wake of the pandemic. See Chart 2: centre …

Union Budget 2022 | Medium Wave
2 years, 11 months ago

Union Budget 2022 | Medium Wave

The Hindu  

Union Finance Minister Nirmala Sitharaman, presenting her fourth Budget and the second one in a pandemic-hit economy on Tuesday, largely stuck to the broad script from last year, scaling up the wager on public capital spending to revive private investments and job creation through a virtuous growth cycle, while keeping an eye on the country’s macro fiscal health. Contact-intensive services …

Union Budget 2022 | 'Very depressing', says Shiv Sena; NCP finds it disappointing
2 years, 11 months ago

Union Budget 2022 | 'Very depressing', says Shiv Sena; NCP finds it disappointing

The Hindu  

The Shiv Sena on Tuesday dubbed the Union Budget as “very depressing”, saying it has neither given any relief to the middle class nor it has any reference to Prime Minister Narendra Modi's vision of making India a ''$5 trillion'' economy. The NCP, which shares power with the Shiv Sena and NCP in Maharashtra, said the budget was a huge …

Budget 2022: No provision for farmers and poor, fiscal deficit will rise further, says Ashok Gehlot
2 years, 11 months ago

Budget 2022: No provision for farmers and poor, fiscal deficit will rise further, says Ashok Gehlot

Firstpost  

Rajasthan Chief Minister says that this budget will prove to be a budget to increase inflation, to fill the pockets of industrialists and to empty the pockets of common man Jaipur: Rajasthan Chief Minister Ashok Gehlot on Tuesday said the Union budget will further lead to rise in fiscal deficit and has no special provision for farmers, common man, poor …

Union Budget 2022 ahead of assembly elections in 5 states
2 years, 11 months ago

Union Budget 2022 ahead of assembly elections in 5 states

India Today  

Union Budget 2022 is coming just days before the first phase of assembly elections in five states Uttar Pradesh, Uttarakhand, Punjab, Manipur and Goa is held on February 7. The Union Budget is likely to address some of the core political issues, particularly relating to big states such as Uttar Pradesh and Punjab. There is a strong anticipation that Union …

Poll pot: on Union Budget 2021
3 years, 11 months ago

Poll pot: on Union Budget 2021

The Hindu  

The largesse to the election-going States of Kerala, Tamil Nadu, West Bengal and Assam in the Budget presented by Finance Minister Nirmala Sitharaman on Monday was unmistakable. Ms. Sitharaman announced that national highway works worth ₹19,000 crore are in progress in Assam and projects of more than ₹34,000 crore covering over 1,300 km of national highways will be undertaken in …

Assembly polls in four States find echo in Nirmala Sitharaman’s Budget
3 years, 11 months ago

Assembly polls in four States find echo in Nirmala Sitharaman’s Budget

The Hindu  

From Union Finance Minister Nirmala Sitharaman quoting verses from Rabindranath Tagore and Thiruvalluvar’s works to massive allocation of funds, the influence of the coming polls in West Bengal, Kerala, Tamil Nadu and Assam was obvious on the Budget. Allocations per State The most obvious political aspect of the Budget was, of course, the allocations announced for these States — 1,100 …

Budget 2019 highlights: Cess on petrol and diesel increased by Re 1
5 years, 6 months ago

Budget 2019 highlights: Cess on petrol and diesel increased by Re 1

Hindustan Times  

Finance Minister Nirmala Sitharaman has started her Union Budget 2019 speech in Lok Sabha. Here are the Budget 2019 Key Highlights: Tax proposals * For purchase of affordable housing, enhanced interest deduction of up to ₹3.5 lakh proposed * Funds raised by start ups will not require any Income Tax scrutiny * Everywhere you are required to quote PAN, you …

State budgets a better view of the economy
5 years, 11 months ago

State budgets a better view of the economy

Deccan Chronicle  

Many of us in the news business, especially those based in New Delhi, fail to take note of the state budgets, and give overriding importance to the Union Budget. Former Union finance minister Yashwant Sinha had argued in 2013 that it was the good performance of the states’ economies that was buoying up the nation’s economic growth rate, and that …

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