Budget 2022 is impactful & visionary, says US-India trade networking body
2 years, 10 months ago

Budget 2022 is impactful & visionary, says US-India trade networking body

India Today  

Finance Minister Nirmala Sitharaman has been able to once again come up with an impactful and visionary budget which is “balanced, fiscally prudent and growth-oriented” in the midst of the third wave of Covid-19, the USA-India Chamber of Commerce said. It also paves the way for post-pandemic longer-term restructuring of the Indian economy,” Karun Rishi, president of Boston-based USA India Chamber of Commerce said. Stating that the finance minister has incorporated innovative measures in the budget, Rishi said the new ‘battery swapping’ policy for electric vehicle sector can offer a practical alternative to increase the adoption of electric vehicles in India. Recognition of the pandemic-infused mental stress and the use of telemedicine to diagnose and treat such patients, with rollout of a ‘National Tele Mental Health Programme’ reflects a progressive mindset of the government,” Rishi said. “The roll out of an open platform for the National Digital Health Ecosystem consisting of digital registries of health providers and health facilities, unique health identity, consent framework, and universal access to health facilities will facilitate the digitalisation of the sector that is underway and boost the role of health-tech businesses,” he added.

Health India Biopharma Rishi Usaic Networking Body Visionary Budget  usaic  trade  impactful  usindia  health  rishi  sector  india  increase  facilitate  mental  networking  body  cent  2022  visionary  budget

History of this topic

India’s GDP growth shocker: Bad news can be good too
2 weeks, 6 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
3 weeks, 2 days 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 …

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report
1 month ago

India to contribute 20 pc of global workforce growth between 2023-2050, China share to decline: Report

Live Mint  

New Delhi, : India is set to play a pivotal role in global workforce growth, contributing 20 per cent of it between 2023 and 2050, according to a report by Angel One Wealth. It said "By 2030 high-income households are expected to triple, while middle-income households will nearly double making India the fastest-growing nation in terms of per capita income". …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 1 week ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Central government debt set to double to ₹185 trillion by FY25 amid fiscal challenges and policy shifts
4 months, 3 weeks ago

Central government debt set to double to ₹185 trillion by FY25 amid fiscal challenges and policy shifts

Live Mint  

India's central government debt is projected to escalate to ₹185.27 trillion, or 56.8% of GDP, by the financial year 2024-25, up from ₹93.26 trillion, or 49.3% of GDP, in 2018-19, the minister of state for finance Pankaj Chaudhary said in a written reply to the Lok Sabha on Monday. This projected increase in debt follows a significant rise over the …

Budget 2024: Prioritising inclusivity and fiscal prudence
5 months ago

Budget 2024: Prioritising inclusivity and fiscal prudence

The Hindu  

There was a lot of anticipation before this Budget. As the first major public policy announcement of the new government, it was expected that the Budget would lay down a plan of action for the following five years of the government’s approach towards the larger national vision of Viksit Bharat@2047. With the nine priority areas that followed, she articulated the …

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months ago

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO

Live Mint  

Finance minister Nirmala Sitharaman presented another balanced budget on Tuesday, one that addressed both the immediate and long-term needs of the country. Higher tax collections – gross tax collections rose 19.5% year-on-year – have give the FM room to allocate funds to numerous schemes that will benefit the poor. Providing free electricity to one crore households under PM Surya Ghar …

Budget 2024: Placing thrust on infrastructure
5 months ago

Budget 2024: Placing thrust on infrastructure

The Hindu  

Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the major features of the big infrastructure push. The Indian economy’s …

Budget 2024’s botched borrowing of ideas leaves India without the impetus it needs
5 months ago

Budget 2024’s botched borrowing of ideas leaves India without the impetus it needs

Hindustan Times  

The Union Budget is not merely a statement of accounts — it is a declaration of the nation’s economic priorities. By this yardstick, this budget reflects poorly on the Narendra Modi-led government and bodes ill for India’s political and economic future. Two key initiatives have been borrowed from the Congress’s Nyay Patra for the 2024 Lok Sabha elections: the internship …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months ago

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts

Hindustan Times  

India has set aside ₹6,21,940 crore for defence spending in the Union Budget 2024-25 – up from last year's outlay of ₹5.94 lakh crore – finance minister Nirmala Sitharaman announced as she presented the Union Union Budget 2024 on Tuesday. The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months ago

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman

The Hindu  

In her seventh budget presentation, Finance Minister Nirmala Sitharaman announced allocating Rs 11 lakh, 11 thousand and 111 crore towards capital expenditure. She further urged, “We will encourage states to provide support of similar scale for infrastructure development based on their priorities.” The finance minister stated that private investment in infrastructure will be promoted through Viability Gap Funding and a …

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

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Rise in public health spending due to States, not Centre
7 months ago

Rise in public health spending due to States, not Centre

The Hindu  

Public spending on health in India has historically remained low. Note: Union government spending includes spending by Ministry of Health and Family Welfare and Min of AYUSH Furthermore, a significant part of the increase in health investment as a percentage of GDP during the pandemic needs to be attributed to the negative and low growth of GDP, while absolute increase …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months ago

Capital expenditure revised downwards for 2023-24 - The Hindu

The Hindu  

Tamil Nadu budget has revised the capital expenditure downwards to ₹42,532 crore in revised estimates for 2023-24 from ₹44,366 crore in the budget estimates. The capital expenditure goes towards creation of fixed assets such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. For 2024-25, the State has estimated its capital expenditure to …

Delhi budget: Special focus on development of roads in rural pockets
10 months, 1 week ago

Delhi budget: Special focus on development of roads in rural pockets

The Hindu  

The AAP government's budget will have special focus on development of roads in rural pockets of the national capital, according to sources in the government. In its budget, the government is likely to propose a project for redevelopment of around 1,000 km of roads in villages for which a four-fold increase in allocation to the development department is expected, the …

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman
10 months, 2 weeks ago

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman

News 18  

To bring down the debt burden, the government has taken various measures like increasing the tax revenue buoyancy, enhancing the public expenditure effectiveness, commitment to reducing fiscal deficit and augmenting the productive efficiency, Finance Minister Nirmala Sitharaman said on Monday. The government’s emphasis on increasing capital expenditure will not only boost the investments, but also return a higher GDP growth …

Interim Budget 2024 — in campaign mode
10 months, 3 weeks ago

Interim Budget 2024 — in campaign mode

The Hindu  

Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. That has been true of this year’s Interim Budget as well, which focused on all the “welfare” schemes, in areas varying from housing to food, which have been largely attributed to the Prime Minister. For example, …

Budget 2024: It’s tax buoyancy that shrank the deficit
10 months, 3 weeks ago

Budget 2024: It’s tax buoyancy that shrank the deficit

Live Mint  

A quick glance at the fiscal arithmetic reveals that there is no severe fiscal austerity proposed in the budget. Given nominal GDP growth of 10.5% and aggregate tax revenue growth of 11.5%, the government has met its fiscal deficit target through tax buoyancy, and not through severe public expenditure reduction. As against a 2023-24 Budget Estimate of ₹61,000 crore, the …

How FM struck a fiscal chord: Story of Budget in nine charts
10 months, 3 weeks ago

How FM struck a fiscal chord: Story of Budget in nine charts

Live Mint  

The general elections are around the corner but finance minister Niramala Sitharaman, unlike her predecessor Piyush Goyal in 2019, chose fiscal prudence over any big-bang policy announcements meant to woo the voters. Robust tax collections have given the government room to extend the free foodgrain programme, hike LPG subsidy, and increase the allocation for the rural jobs scheme, all of …

Budget 2024: How economy fared better than estimated, what this means for FY25
10 months, 3 weeks ago

Budget 2024: How economy fared better than estimated, what this means for FY25

Firstpost  

India’s economy continues to remain a bright spot. Also read: Big takeaways from Budget: What Nirmala Sitharaman said on taxes, economy, fiscal deficit What were the revised estimates for FY 2023-24? The revised estimate of the fiscal deficit is 5.8 per cent of GDP, improving on the Budget Estimate, notwithstanding moderation in the nominal growth estimates, Sitharaman said in her …

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth
10 months, 3 weeks ago

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth

Firstpost  

The Confederation of Indian Industry welcomed the Budget 2024 and the step by the Indian government step towards increasing capital expenditure by almost 11 per cent. In the Interim Budget 2024, the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore for financial year 2024-25. Our recommendation initially was a 5.4 per cent …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
10 months, 3 weeks ago

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore

News 18  

Ensuring more power to infrastructure development for economic growth and employment creation, a large sum of Rs 11,11,111 crore has been set aside as the capital expenditure outlay in the interim budget 2024. “Building on the massive tripling of the capital expenditure outlay in the last four years, resulting in a huge multiplier impact on economic growth and employment creation, …

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
10 months, 3 weeks ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

Budget 2024: Average real income 50 per cent higher, inflation moderated, says Nirmala Sitharaman
10 months, 3 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 …

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor
10 months, 3 weeks ago

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor

India TV News  

Applauding the 'progressive budget' presented by Union Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi said that the interim Budget has given the guarantee of a Vikishit Bharat by 2047. PM Modi said that this interim budget is inclusive and innovative and has confidence of continuity. PM Modi said, adding, "This interim budget is inclusive and innovative. Meeting the needs …

Opinion: Budget 2024 - Optimism scores over the sting of inflation
10 months, 3 weeks ago

Opinion: Budget 2024 - Optimism scores over the sting of inflation

India Today  

Before we delve deeper into the details of the exclusive CVoter survey of Indian consumers on the eve of the Interim Budget 2024-25, let’s highlight just one data point that reaffirms the view of various pundits and opinion polls that the Narendra Modi regime is in pole position to win the 2024 Lok Sabha elections. In 2024, close to 46 …

Budget 2024: Can India become a $7 trillion economy by 2030?
10 months, 3 weeks ago

Budget 2024: Can India become a $7 trillion economy by 2030?

India Today  

A recent review report released by the government has estimated India's potential economic trajectory, aiming to hit the $7 trillion mark by 2030, ahead of the upcoming Interim Budget 2024-25. "India's unwavering commitment to ensuring steady economic growth is generating resources for investment needed for climate change adaptation, building resilience, and mitigating emissions,' the Finance Ministry report said. The report …

Credibility has been a highlight of India’s budgets
10 months, 3 weeks ago

Credibility has been a highlight of India’s budgets

Live Mint  

As per indications, this is likely to be an interim budget, though there is no constitutional provision to present an interim budget before a general election. Even as the interim budget may be devoid of policy announcements, it is important to look at the budget from the lens of what the government would want to achieve from a fiscal policy …

Budget 2024: 5 key changes we can expect this year
10 months, 3 weeks ago

Budget 2024: 5 key changes we can expect this year

Firstpost  

On February 1, Finance Minister Nirmala Sitharaman is scheduled to deliver the Union Budget 2024–25. Thus, let’s examine five important charts that provide insight into the interim Budget’s chances before it is announced: Total Revenue vs Expenditures Revenue and spending are the most frequently followed budget metrics, particularly in relation to the growth of the economy. In spite of nominal …

Discretionary Spending Could Almost Triple to $2k Billion By 2030
11 months ago

Discretionary Spending Could Almost Triple to $2k Billion By 2030

Deccan Chronicle  

Chennai: Expansion of private spending would lead to greater share of discretionary spending in India's consumption basket. Our estimates suggest that aggregate discretionary consumption could almost triple from $657 billion in 2022 to as much as $2,000 billion by 2030. Expanding aggregate private spending would see a greater share of discretionary spending in India's consumption basket. Barclays’ estimates suggest that …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%
11 months, 1 week ago

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%

India Today  

As India gears up for its 2024/25 budget, there are indications that the government is planning to reduce its budget deficit by at least 50 basis points from the current year's target of 5.9 per cent of Gross Domestic Product. Devendra Pant, an economist at India Ratings, was quoted in the report saying that reducing the government's money shortage and …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

India's GDP grew at 6.1% in Jan-March quarter: Govt data
1 year, 6 months ago

India's GDP grew at 6.1% in Jan-March quarter: Govt data

Hindustan Times  

India's economy grew 6.1% in the January-March quarter from a year earlier, accelerating from 4.4% in the previous quarter, government data showed on Wednesday. The National Statistical Office, under the ministry of Statistics and Programme Implementation, announced that the GDP in the last quarter of the financial year 2022-23 is estimated at ₹43.62 lakh crore, as against ₹41.12 lakh crore …

India likely to have stable debt-to-GDP ratio going forward, says IMF official
1 year, 8 months ago

India likely to have stable debt-to-GDP ratio going forward, says IMF official

Deccan Chronicle  

WASHINGTON: India is expected to have a stable debt-to-GDP ratio going forward, a senior official from the International Monetary Fund said on Wednesday and recommended rationalization and simplification of Goods and Services Tax. According to Paolo Mauro, Deputy Director of the IMF Fiscal Affairs Department, there will be a gradual resumption of the rise in the global public debt-to-GDP ratio …

Delhi Budget 2023: Rs 16,575 Crore Allocated To Education, Push On Education Infra Revamp
1 year, 9 months ago

Delhi Budget 2023: Rs 16,575 Crore Allocated To Education, Push On Education Infra Revamp

ABP News  

Delhi FInance Minister Kailash Gahlot presented the Delhi Budget 2023-24 in the legislative assembly today, March 22, 2023. Compared to last year's Delhi Budget education allotment of 16,278 crore, there hasn’t been a significant increase in education expenditure, with just a nominal addition of Rs 298 crore. However, the Delhi Budget 2023 underlined the AAP government’s push and commitment towards …

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay
1 year, 9 months ago

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay

Hindustan Times  

The Delhi government on Wednesday presented ₹78,800 crore budget estimates for the financial year 2023-24 in the legislative assembly, with focus on enhancing the national Capital’s infrastructure, sanitation, transportation facilities besides the usual focus on health and education. Delhi chief minister Arvind Kejriwal and finance minister Kailash Gahlot arrive for the budget presentation at the legislative assembly on Wednesday. The …

India to buck global slowdown, maintain pace of expansion: RBI officials
1 year, 9 months ago

India to buck global slowdown, maintain pace of expansion: RBI officials

The Hindu  

Even as the global economy is set to slow down or even enter a recession in 2023 as financial markets worldwide face heightened uncertainty, the Indian economy is steadily gathering momentum, Reserve Bank of India officials headed by deputy governor Michael D. Patra wrote in an article in the March RBI Bulletin. “Unlike the global economy, India would not slow …

Fiscal deficit dips as Delhi government changes formula
1 year, 9 months ago

Fiscal deficit dips as Delhi government changes formula

The Hindu  

Delhi’s fiscal deficits for 2020-21 and 2022-23 have seen a fall after a change by the AAP government in the calculation formula, showed budget documents. However, last year’s budget documents showed that the fiscal deficit for 2020-21 was ₹9,972 crore. The fiscal deficit, according to last year’s budget document, is calculated as sum of ‘revenue receipts’, ‘recoveries of loans’ and …

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24
1 year, 9 months ago

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24

The Hindu  

Bihar Finance Minister Vijay Kumar Choudhary on February 28, 2023 tabled over ₹2.61 lakh crore ‘revenue surplus Budget’ in the State Assembly, while putting thrust on employment, health and education sectors. “In our estimated revenue arrangement this is a revenue surplus Budget in which the State’s growth rate will be above 10%,” he told mediapersons, after presenting the Budget for …

CM asserts that 293 of the 390 Budget announcements made last year have been implemented
1 year, 10 months ago

CM asserts that 293 of the 390 Budget announcements made last year have been implemented

The Hindu  

Dismissing Opposition allegations, Chief Minister Basvaraj Bommai on Friday asserted that 293 of the 390 Budget announcements made last year had been implemented. Replying to the debate on the State Budget in the Legislative Council, the Chief Minister said 90% of the Budget expenditure would be spent by the end of this financial year. “Going by the current tax collection, …

UP Budget Expected To Touch Rs 7 Lakh Crore Mark, To Focus On Infrastructure, Agriculture, Jobs
1 year, 10 months ago

UP Budget Expected To Touch Rs 7 Lakh Crore Mark, To Focus On Infrastructure, Agriculture, Jobs

ABP News  

New Delhi: Uttar Pradesh Budget for the financial year 2023-24 will be presented in the Legislative Assembly today. Chief Minister Yogi Adityanath has said that the budget will focus on the expectations of the people and overall development. According to the sources, the budget is expected to be around Rs 7 lakh crore for the financial year 2023-24 against the …

India needs a Budget for its young
1 year, 10 months ago

India needs a Budget for its young

The Hindu  

The world is indeed looking up to the Indian economy as a ‘bright star’, as the Finance Minister noted in the Budget speech on February 1. In contrast to capital expenditures, subsidies and social sector spending are considered ‘wasteful’ and, therefore, it is believed, a cut on their outlays will not hurt economic growth. Unwarranted fears about fiscal deficit Inflated …

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin
1 year, 10 months ago

Budget's Focus On Capex To Crowd-In Private Investment, Push Growth To 7 Per Cent: RBI Bulletin

ABP News  

The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. "In our view, the instrument of decoupling will be the Union Budget by raising India's growth prospects over …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24
1 year, 10 months ago

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24

The Hindu  

If budget making is a complex task, interpreting the Union Budget can be hazardous given the amount of fine print that one has to pore over. Finance Minister Nirmala Sitharaman’s fifth Budget, and the current Bharatiya Janata Party-led government’s final full-fledged one before next year’s general election, ticks all the right boxes on the face of it. Terming it the …

Making India the No 1 economy in the world is our priority: Bandi
1 year, 10 months ago

Making India the No 1 economy in the world is our priority: Bandi

Deccan Chronicle  

NEW DELHI: BJP state president and MP Bandi Sanjay Kumar welcomed the ‘wonderful’ Union Budget as it will cater to the needs of all sections of people. The BJP state president said that some sections believed that the budget will be an ‘election budget’, but Modi showed that he is moving ahead with a longer vision. Meanwhile, BJP OBC morcha …

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 10 months ago

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

The Hindu  

The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation, encouraging savings and investments, and fiscal consolidation. The government needs …

Discover Related