Budget 2019: Can Nirmala Sitharaman solve India's job crisis?
5 years, 6 months ago

Budget 2019: Can Nirmala Sitharaman solve India's job crisis?

India Today  

Finance minister Nirmala Sitharaman is all set to present her maiden budget on July 5 at a time when India's economic growth has slumped sharply and questions have been raised over a rise in unemployment. CURRENT JOB OUTLOOK India's unemployment rate stood at 8.1 per cent as of June 25, 2019, according to data released by Centre for Monitoring Indian Economy. It is also official that India's unemployment rate has touched a 45-year high, spelling more trouble for the Narendra Modi government, which promised to create one crore jobs every year since 2014 when it first came to power. While fiscal deficit could rise to as much as 3.6 per cent of the GDP, it will offer additional funds for boosting the economy - a move that could help the government resolve the issue of falling tax collections. While increased spending could derail the government's focus on consolidation, a majority of economists believe that it is one of the key steps in boosting economic growth.

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History of this topic

Budget 2025: 7 ways government can boost employment
1 week, 2 days ago

Budget 2025: 7 ways government can boost employment

India Today  

With Budget 2025-26 set to be unveiled by Finance Minister Nirmala Sitharaman on February 1, the Confederation of Indian Industry has outlined a seven-point agenda to boost employment. NATIONAL EMPLOYMENT POLICY CII recommends a comprehensive National Employment Policy to integrate existing employment schemes from various ministries and states. DATA-DRIVEN EMPLOYMENT INSIGHTS To improve job creation strategies, CII suggests developing a …

Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?
2 weeks ago

Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?

India Today  

Union Finance Minister Nirmala Sitharaman faces a challenging economic backdrop as she prepares to present Budget 2025-26 on February 1. The Reserve Bank of India also lowered its real GDP growth forecast for 2024-25 to 6.6%, citing global uncertainties, volatile commodity prices, and fragmented economic conditions. MIDDLE-CLASS RELIEF & CONSUMPTION REVIVAL Anand Ramanathan, Partner and Leader for the Consumer Products …

Union Budget: Jobs, farm productivity, funds for infra boost figure at PM-economists meet
3 weeks ago

Union Budget: Jobs, farm productivity, funds for infra boost figure at PM-economists meet

The Hindu  

Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. Suggestions were also made on aligning education and training programmes with the evolving needs of the job market, enhancing agricultural productivity and creating sustainable rural …

Lower Q2 GDP growth a temporary blip; economy to improve in coming quarters, says Nirmala Sitharaman
4 weeks ago

Lower Q2 GDP growth a temporary blip; economy to improve in coming quarters, says Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman on Tuesday said the lower-than-expected GDP growth of 5.4% in the second quarter was a "temporary blip" and the economy will see healthy growth in the coming quarters. Replying to a debate in the Lok Sabha on the first batch of Supplementary Demands for Grants, she said India has seen "steady and sustained" growth and …

Will India's economic growth pick up pace? Nirmala Sitharaman answers
4 weeks, 1 day ago

Will India's economic growth pick up pace? Nirmala Sitharaman answers

India Today  

Finance Minister Nirmala Sitharaman on Tuesday said that India’s economy will see healthy growth in the coming quarters despite the lower-than-expected GDP numbers for the second quarter. India’s GDP growth for the July-September quarter fell sharply to 5.4% from 6.7% in the previous quarter, marking an 18-month low, as per data released by the National Statistics Office in November. However, …

Sitharaman Warns of Global Job Crisis: Focus on Multi-Sectoral Approach
2 months, 3 weeks ago

Sitharaman Warns of Global Job Crisis: Focus on Multi-Sectoral Approach

Deccan Chronicle  

Finance Minister Nirmala Sitharaman has highlighted jobs creation as the most pressing global issue, emphasizing the need for a comprehensive, multi-sectoral analysis to address the evolving skills landscape. She urged the World Bank to collaborate with countries to identify high-priority skilling sectors and develop an outcome-oriented roadmap for job creation and skill matching.

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus
3 months, 3 weeks ago

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus

Live Mint  

India's Finance Ministry is set to begin preparations for the 2025-26 annual budget in October, as the country's economy continues its strong performance, maintaining a 7% growth rate for the fourth consecutive year, PTI reported. The upcoming budget is expected to focus on reforms to further accelerate growth and implement measures to boost job creation and economic demand, as per …

17 Crore Jobs Created in India Over The Last 10 Years: Centre
5 months, 1 week ago

17 Crore Jobs Created in India Over The Last 10 Years: Centre

ABP News  

New Delhi: Union Minister of State for Labour and Employment Shobha Karandlaje announced in the Lok Sabha that employment in India increased by around 17 crore over the past decade, as reported by news agency IANS. She also highlighted that the Periodic Labour Force Survey, conducted by the Ministry of Statistics and Programme Implementation since 2017-18, serves as the official …

Job Creation Seems Better Than Before but What About Quality and Sustainability?
5 months, 1 week ago

Job Creation Seems Better Than Before but What About Quality and Sustainability?

The Quint  

India's job market landscape presents a complex narrative, characterised by both positive indicators and underlying anxieties. The Reserve Bank of India recently published 'Measuring Productivity at the Industry Level-The India KLEMS Database,' providing data on employment trends across 27 key industries in India. The database, spanning FY 1980-81 to 2022-23 aims to provide critical data points on economic output, worker …

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman
5 months, 2 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 …

Good start on job creation but more steps are needed
5 months, 2 weeks ago

Good start on job creation but more steps are needed

New Indian Express  

Ending years of handwringing, the NDA government has finally decided to tackle the issue of high unemployment in the country. Last week, presenting Budget 2025, Finance Minister Nirmala Sitharaman gave job creation the greatest shot of adrenaline, rolling out five new schemes with an unprecedented outlay of Rs 2 lakh crore. The proposed package is expected to facilitate employment and …

The budget echoes the Developed India vision
5 months, 3 weeks 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 …

India budget: Tax giveaways and handouts for states led by Modi’s coalition partners
5 months, 3 weeks ago

India budget: Tax giveaways and handouts for states led by Modi’s coalition partners

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Narendra Modi has been accused …

NSE MD gives 10/10 score to Nirmala Sitharaman's Budget: ‘Huge fillip to job creation in India’
5 months, 3 weeks ago

NSE MD gives 10/10 score to Nirmala Sitharaman's Budget: ‘Huge fillip to job creation in India’

Hindustan Times  

Ashishkumar Chauhan, MD and CEO at National Stock Exchange, said that the Union Budget 2024 presented by Finance minister under the Modi 3.0 government “has given a huge fillip to job creation in India by ensuring that the private sector also participates in job creation in addition to the government sector while ensuring that India becomes the number 1 start …

Budget 2024 is growth-oriented, welfare-centric, people-friendly: Annamalai
5 months, 3 weeks ago

Budget 2024 is growth-oriented, welfare-centric, people-friendly: Annamalai

The Hindu  

The Union Budget 2024 is growth-oriented, welfare-centric and people-friendly. It strengthens the road map towards a Viksit Bharat by 2047, said BJP Tamil Nadu president K. Annamalai on Tuesday, July 23, 2024. In a social media post on X, Mr. Annamalai said Budgetary announcements, including the Transit Oriented Development Plans in 14 large cities with a population above 30 lakh, …

India’s Modi focuses on jobs creation in first budget after winning polls
5 months, 3 weeks ago

India’s Modi focuses on jobs creation in first budget after winning polls

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s newly formed government presented an annual budget to Parliament that raises spending to generate more jobs and spur economic growth, while aiming to appease coalition partners it needs to stay in power. Modi said the budget will lead India toward “better growth and a bright future.” “Today’s budget will act as a …

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt
5 months, 3 weeks ago

Budget 2024: FM Nirmala Sitharaman lays out nine priorities of the Modi govt

Op India  

Finance Minister Nirmala Sitharaman, in her seventh consecutive Union Budget for 2024-25, outlined key priorities aimed at fostering economic growth and creating ample opportunities. She listed productivity and resilience in agriculture, employment and skilling, inclusive human resource development and social justice, manufacturing and services, urban development, energy security, infrastructure, innovation, research and development and next-generation reforms as nine priority areas …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months, 3 weeks ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman
5 months, 3 weeks ago

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman, on Tuesday, July 23, 2024, presented the first budget of the Modi government 3.0, after it was re-elected to power for the third consecutive time, in the 2024 Lok Sabha elections. Union Finance Minister Nirmala Sitharaman said, "As mentioned in the interim Budget, we need to focus on 4 different castes, the poor, …

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance
5 months, 3 weeks ago

Union Budget 2024: What politicians expect - addressing unemployment and inflation issues, increasing fund assistance

Live Mint  

Union Budget 2024: Finance Minister Nirmala Sitharaman will present the Union Budget for 2024-2025 in Parliament today, July 23, 2024, at 11:00 a.m. Minutes before the unveiling of the Union Budget, Shiv Sena MP Priyanka Chaturvedi told ANI, “I hope Nirmala Sitharaman ji will provide some relief from rising inflation and unemployment and the government will talk about 'Jan ki …

NDA’s job-growth focus in Budget, and beyond
5 months, 3 weeks ago

NDA’s job-growth focus in Budget, and beyond

Hindustan Times  

The National Democratic Alliance government under Prime Minister Narendra Modi presenting its 11th consecutive full Budget would be an opportune moment to analyse the role of the Budget in addressing the aspirations of the youth by creating an enabling framework for job creation and fostering an environment for employment opportunities. New Delhi, India - The government has partnered the private …

Budget 2024: Date, key timings and what to expect from budget speech
5 months, 3 weeks ago

Budget 2024: Date, key timings and what to expect from budget speech

India Today  

The Monsoon session began on Monday, with Finance Minister Nirmala Sitharaman set to present the Union Budget for 2024-25 on July 23, 2024. This will mark her seventh consecutive Budget presentation, surpassing the record of former Prime Minister Morarji Desai, who delivered five consecutive full Budgets and one interim Budget from 1959 to 1964. The Budget 2024 presentation can be …

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas
5 months, 3 weeks ago

Jobs Creation, Agri Push, Skill Development, MSME Support: Govt Unveils Key Policy Focus Areas

News 18  

Finance Minister Nirmala Sitharaman on Monday tabled the Economic Survey 2023-24 in Parliament, setting the stage for the Union Budget 2024-25. Skill Gap Challenge The Economic Survey 2023-24 said 65 per cent of India’s fast-growing population is under 35, and many lack the skills needed by a modern economy. In India, the government has been paying focused attention to enabling …

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy
5 months, 3 weeks ago

Sitharaman to present Budget 2024: Understanding the Budget, its impact on India's economy

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

RBI Data on Job Creation A Shot in the Arm for Modi Sarkar Ahead of Budget
6 months ago

RBI Data on Job Creation A Shot in the Arm for Modi Sarkar Ahead of Budget

News 18  

A recent RBI data saying India has added 2.5 times more jobs in the financial year 2023-24 — the highest since 1981-82 — has given the perfect ammunition to the government and the finance ministry to counter the perception being spread by the Opposition that governance is crippled and slowed down. In fact, the government — as well as the …

Centre questions Citigroup’s report on employment in India
6 months ago

Centre questions Citigroup’s report on employment in India

The Hindu  

The Union Labour Ministry questioned the findings of a report prepared by the United States-based banking giant Citigroup and said the group failed to account for the “comprehensive and positive employment data” available from official sources such as the Periodic Labour Force Survey and the Reserve Bank of India’s capital, labour, energy, material and services data. The Citigroup’s report had …

Labour ministry rebuts Citigroup's research report on employment in India
6 months, 1 week ago

Labour ministry rebuts Citigroup's research report on employment in India

New Indian Express  

NEW DELHI: The labour ministry on Monday rebutted a recent report by Citigroup which forecast that India will struggle to create sufficient employment opportunities even with a 7 per cent growth rate. The ministry in a statement said the report "fails to account for the comprehensive and positive employment data available from official sources such as Periodic Labour Force Survey …

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup
6 months, 1 week ago

India won't be able to create enough jobs over next decade even if economy grows 7%: Citigroup

Hindustan Times  

India will struggle to create enough jobs for its growing workforce over the next decade even if the economy grows at a rapid pace of 7%, Citigroup Inc. said, suggesting the world’s most-populous nation will need more concerted steps to boost employment and skills. India will struggle to create enough jobs for its growing workforce over the next decade even …

View: Why Nirmala Sitharaman is PM Modi's best bet in the finance ministry
7 months ago

View: Why Nirmala Sitharaman is PM Modi's best bet in the finance ministry

Hindustan Times  

Reappointment of Nirmala Sitharaman as Union Finance Minister is another example of Prime Minister Narendra Modi’s farsightedness. These are certainly not the characteristics of a “typical” politician, but the most valued strength of a ‘right-hand man’ or a minister of a charismatic leader whose mission is to transform India into ‘Viksit Bharat’. She not only navigated the Indian economy from …

Reforms to boost growth and stability will continue, asserts Nirmala Sitharaman after assuming charge as Finance Minister
7 months ago

Reforms to boost growth and stability will continue, asserts Nirmala Sitharaman after assuming charge as Finance Minister

The Hindu  

The NDA government will continue to push the reforms drive initiated after 2014 with an eye on bolstering India’s macroeconomic stability and growth, Nirmala Sitharaman asserted on June 12 after taking over the reins of the Ministries of Finance and Corporate Affairs again. “She urged the departments to advance the NDA government’s development agenda with renewed vigour and ensure responsive …

From the India Today archives (2022) | Why the Indian job scene is such a mess
7 months, 1 week ago

From the India Today archives (2022) | Why the Indian job scene is such a mess

India Today  

The word rises like a dirge from all sides, painting the air in hues of what seems like a permanent lament. THE HUNGER Five years ago, India’s unemployment rate stood at a 45-year-high of 6.1 per cent, according to the NSSO’s periodic labour force survey. It even claims there was a 46 per cent decline—from 51 million in 2016-17 to …

Bihar Deputy CM Unveils Rs 2.79 Lakh Crore Budget, Touts State's Economic Growth
11 months ago

Bihar Deputy CM Unveils Rs 2.79 Lakh Crore Budget, Touts State's Economic Growth

Deccan Chronicle  

Patna: The Bihar government on Tuesday tabled a Rs. Meanwhile, Bihar Chief Minister Nitish Kumar while speaking on the Governor’s address stated that the government’s focus is on employment and providing jobs to youth in the state. “Jobs have been provided to more than 5 lakh youths and the government is also working towards creating more employment opportunities in Bihar”, …

Letters to The Editor — February 3, 2024
11 months, 1 week ago

Letters to The Editor — February 3, 2024

The Hindu  

A flip through The Interim Budget leaves the poor in the lurch. Proposals such as a focus on the railways, doubling the number of airports, reducing corporate tax, and no changes in income-tax slab make it a budget with the haves in mind. A.G. Rajmohan, Anantapur, Andhra Pradesh There may be fiscal prudence but a pressing issue such as rising …

Nirmala Sitharaman Interview: Policy Stability An Obsession with PM, India's Systemic Reforms Bearing Fruit, Says FM
11 months, 1 week ago

Nirmala Sitharaman Interview: Policy Stability An Obsession with PM, India's Systemic Reforms Bearing Fruit, Says FM

News 18  

Finance Minister Nirmala Sitharaman Interview LIVE Updates: Finance Minister Nirmala Sitharaman said that the Narendra Modi government is confident of managing inflation as well as maintaining the robustness in economic growth. In an exclusive interview with Managing Director of Network18 Rahul Joshi, Finance Minister Nirmala Sitharaman said the robustness of the economy has not gone down and called the interim …

Budget 2024: Measures for economy, select segments to feature in Nirmala Sitharaman's sixth straight budget
11 months, 2 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 …

Nirmala Sitharaman to present pre-election Budget: Here're key numbers to be watched
11 months, 2 weeks ago

Nirmala Sitharaman to present pre-election Budget: Here're key numbers to be watched

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman is set to present the interim Budget, highlighting the achievements of the Modi government over the past 10 years and providing insights into future plans to transform India into a developed nation by 2047. Here are the key numbers to watch for in pre-election Budget 2024-25: Fiscal Deficit: The projected fiscal deficit for the …

Budget 2024: Average real income 50 per cent higher, inflation moderated, says Nirmala Sitharaman
11 months, 2 weeks ago

Budget 2024: Average real income 50 per cent higher, inflation moderated, says Nirmala Sitharaman

India TV News  

Union Finance Minister Nirmala Sitharaman said that the average real income of Indians has increased by 50 per cent and people's earnings have improved, leading to a better quality of life and increased aspirations for the future. Sitharaman attributed moderated inflation levels to good macroeconomic stability and robust investments. "There is macroeconomic stability, investments are robust, the economy is doing …

Unemployment rate in India is at its lowest level in six years: PM Modi
1 year, 3 months ago

Unemployment rate in India is at its lowest level in six years: PM Modi

The Hindu  

Prime Minister Narendra Modi on October 12 said India's expanding economy is creating new possibilities for the youth and the unemployment rate in the country is at its lowest level in the last six years. In a video message to the Kaushal Deekshant Samaroh of the Ministry of Skill Development and Entrepreneurship, the prime minister noted that new possibilities are …

'Jayalalithaa's saree was pulled in Tamil Nadu Assembly': Nirmala Sitharaman's direct attack on DMK | VIDEO
1 year, 5 months ago

'Jayalalithaa's saree was pulled in Tamil Nadu Assembly': Nirmala Sitharaman's direct attack on DMK | VIDEO

India TV News  

In an address during the No-Confidence Motion discussion in Parliament today, Union Finance Minister Nirmala Sitharaman directly attacked the Dravida Munnetra Kazhagam. said Union Finance Minister Nirmala Sitharaman during the No-Confidence Motion debate in Lok Sabha. Sitharaman speaks on financial matters: Drawing attention to the dire situations in some developed countries, she said, "the United Kingdom's struggle, where the Bank …

Aakar Patel | Amritkaal' now upon us, but eco targets are far from being met!
1 year, 6 months ago

Aakar Patel | Amritkaal' now upon us, but eco targets are far from being met!

Deccan Chronicle  

Since we have entered the phase of Kartavyakaal it may be instructive to see what happened in Amritkaal. A total of 1,400 “stakeholders” was consulted and the strategy signed off by Mr Modi, who wrote: “Let us combine our energies to achieve the targets outlined in the strategy, fulfilling the aspirations of our citizens.” The targets, on the economic side, …

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman
1 year, 7 months ago

India’s GDP has touched $3.75 trillion-mark in 2023: Nirmala Sitharaman

Live Mint  

India's gross domestic product has touched the $3.75 trillion-mark in 2023 so far from around $2 trillion in 2014, said finance minister Nirmala Sitharaman on June 12. Recent government data revealed that India's GDP grew by 6.1 per cent in the fourth quarter of fiscal year 2022-23 beating Street estimates. Recently, ratings agency Moody's estimated the Indian economy to clock …

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS
1 year, 11 months ago

'...still India is fastest-growing major economy'- FM Nirmala Sitharaman's reply to Budget 2023 debate in LS

India TV News  

Parliament Budget Session: Finance Minister Nirmala Sitharaman on Friday hailed the government's economic policies during the reply to the Budget 2023 debate in Lok Sabha. "If I can put in a few words the essence of budget 2023-24- it balances the requirement for India's development imperatives within the limits of fiscal prudence," said Sitharaman. Sitharaman said the new tax regime …

RBI projects economic growth at 6.4% for next fiscal
1 year, 11 months ago

RBI projects economic growth at 6.4% for next fiscal

Firstpost  

Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das said the RBI’s internal survey says manufacturing, services and infrastructure sector firms are optimistic of the business outlook New Delhi: The Reserve Bank of India has projected India’s economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political …

Budget 2023 News Updates: Zero Tax Upto Rs 7L; Govt Says New I-T Regime Has Better Incentives
1 year, 11 months ago

Budget 2023 News Updates: Zero Tax Upto Rs 7L; Govt Says New I-T Regime Has Better Incentives

News 18  

Finance Minister Nirmala Sitharaman on Wednesday said the four emphasis points of the Union Budget 2023-24 are empowering women, action plan for tourism, initiatives for Vishvakarmas and green growth. Sitharaman said, “Our vision is to create a tech-driven and knowledge-based economy.” she added that the Indian economy is on the right track and the growth has been at 7 per …

Indian economy has grown to world's 5th largest from 10th in 9 years: FM Sitharaman
1 year, 11 months ago

Indian economy has grown to world's 5th largest from 10th in 9 years: FM Sitharaman

Firstpost  

Highlighting the numerous achievements of the Prime Minister Narendra Modi-led government since 2014, Finance Minister Nirmala Sitharaman said the per capita income has more than doubled to Rs 1.97 lakh New Delhi: The Indian economy has increased in size from the 10th to 5th largest in the world in the past nine years, said Union Finance Minister Nirmala Sitharaman on …

India to raise spending on job creation ahead of election
1 year, 11 months ago

India to raise spending on job creation ahead of election

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi’s government presented to Parliament on Wednesday an annual budget of $550 billion that calls for ramping up capital spending by 33% to spur economic growth and create jobs ahead of a general election next year. The government will also increase by 66% its spending on providing affordable housing to the urban poor, …

What Nirmala Sitharaman's Budget 2023 offers to Gen Z?
1 year, 11 months ago

What Nirmala Sitharaman's Budget 2023 offers to Gen Z?

Hindustan Times  

Union finance minister Nirmala Sitharaman unveiled a pre-election Budget 2023 that cut personal income taxes to boost consumption while ramping up infrastructure spending to spur growth in an economy touted as a “bright star” amid a gloomy global outlook. Skill India International Centres to be set up across different states to skill the youth for international opportunities. ) Skill Digital …

Budget 2023: 3 AI centres of excellence to be set up, FM Sitharaman announces
1 year, 11 months ago

Budget 2023: 3 AI centres of excellence to be set up, FM Sitharaman announces

Hindustan Times  

Finance Minister Nirmala Sitharaman, while presenting Budget 2023, announced establishment of three centres of excellence for Artificial Intelligence in top educational institutions noting that 'Make AI in India' and to 'Make AI work for India' is the focus area of Modi government. In her budget speech in parliament on Wednesday, Sitharaman also stated that the government will implement a national …

Budget 2023 | Nirmala Sitharaman announces fund to encourage agri-startups
1 year, 11 months ago

Budget 2023 | Nirmala Sitharaman announces fund to encourage agri-startups

The Hindu  

Finance Minister Nirmala Sitharaman, while presenting the Union Budget 2023-24, announced the setting up of an agriculture accelerator fund to encourage agri-startups by young entrepreneurs in rural areas. Talking about the need to develop digital infrastructure to aid the agriculture sector in the country, Ms. Sitharaman said that digital public infrastructure for agriculture will be built as an ‘open source, …

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more
1 year, 11 months ago

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 raised the personal income tax rebate limit, doled out sops on small savings and announced one of the biggest hikes in capital spending in the past decade as she did a tight rope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections. Ms. Sitharaman’s …

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