Budget 2020: Centre laid foundation for $5 trillion economy by 2024-25, focussed on increasing consumption, says Nirmala Sitharaman
4 years, 11 months ago

Budget 2020: Centre laid foundation for $5 trillion economy by 2024-25, focussed on increasing consumption, says Nirmala Sitharaman

Firstpost  

Nirmala Sitharaman also pitched for rationalisation of GST rates once a year and not every three months as was the trend so far. Kolkata: Union Finance Minister Nirmala Sitharaman on Sunday said the Centre, in the Budget, has laid the foundation of increasing consumption while ensuring that the government’s investment is deployed to build infrastructure leading to a $ 5 trillion economy by 2024-25. “I think we have laid the foundation for increasing consumption, ensuring that capex and government’s investments will go towards spending on building of assets in infrastructure which should have cascading effects both in the short term and in the long term,” Sitharaman told reporters. I am looking at the point of macroeconomic stability, building assets in the country, money directly going to hands of individuals because of reduced tax rates and so on.” Announcements were made in the Budget about various projects which are happening in different states, the finance minister said.

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History of this topic

Infrastructure: Sitharaman will need to juggle conflicting demands in budget
1 day, 10 hours ago

Infrastructure: Sitharaman will need to juggle conflicting demands in budget

Live Mint  

The government significantly increased infrastructure spending post-covid as the pandemic severely hurt public consumption, while private investments and exports tanked. The government has pledged to keep infrastructure spending at 3.4% of GDP as India needs to overcome infrastructure shortcomings, not just physical but also social and digital as it aims to become a developed nation by 2047. This became clear …

Vivek Kaul: The Union budget should focus on reviving private consumption
2 weeks ago

Vivek Kaul: The Union budget should focus on reviving private consumption

Live Mint  

The Reserve Bank of India recently released figures for net household financial savings during 2023-24. Fifth, a clear impact of the income of the average Indian growing slower and liabilities growing faster has been a slowdown in private consumption growth. Further, the cash distribution schemes launched by different state governments will put greater pressure on the Union government to earn …

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 …

Budget 2025: Industry bodies urge Nirmala Sitharaman to slash income tax rates for middle class at pre-budget meeting
2 weeks, 1 day ago

Budget 2025: Industry bodies urge Nirmala Sitharaman to slash income tax rates for middle class at pre-budget meeting

Live Mint  

India's industry body representatives were seeking a reduction in personal income tax rates from the Finance Minister at the pre-budget meeting on Monday to ensure higher disposable income in the hands of the nation's middle-class population, reported the news agency PTI on December 30. “From a perspective of boosting consumption, we have suggested that there be some relief provided to …

India’s rural-urban consumption gap narrowed in 2023-24, govt survey says
2 weeks, 4 days ago

India’s rural-urban consumption gap narrowed in 2023-24, govt survey says

Live Mint  

New Delhi: The average monthly per capita consumption expenditure in India saw significant growth in 2023-24, fuelled by higher spending across rural and urban households and a narrowing consumption gap between the two, according to data released by the Ministry of Statistics & Programme Implementation on Friday. "When ranked by MPCE, the increase in the average MPCE in 2023-24 from …

India’s budget needs to address three medium-to-long term priorities
2 weeks, 6 days 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 …

RBI Article Highlights Need for Infrastructure Focus Amid Welfare Schemes
3 weeks ago

RBI Article Highlights Need for Infrastructure Focus Amid Welfare Schemes

Deccan Chronicle  

New Delhi: Reserve Bank of India article on Tuesday said sops in states’ 2024-25 budgets like welfare-centric schemes may hinder critical infrastructure investments. "Besides, fiscal space exists for boosting capex in FY25 H2, aided by robust tax revenues and restrained spending," the RBI article said, adding that the views expressed in the article are those of the authors and do …

Policymakers, economists pin hopes on government spending to propel economic recovery amid sluggish growth
Trending News
3 weeks, 1 day ago

Policymakers, economists pin hopes on government spending to propel economic recovery amid sluggish growth

Live Mint  

After two consecutive quarters of sluggish economic growth, policymakers and economists are banking on a turnaround in the second half of the fiscal year, driven by increased government spending, a boost from the ongoing festive season, and resilient rural consumption. Economists note that while India is expected to retain its status as the fastest-growing major economy over the next five …

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 …

Centre to make highest-ever effective capital expenditure in fiscal year 2024-25, know what it is
4 weeks ago

Centre to make highest-ever effective capital expenditure in fiscal year 2024-25, know what it is

India TV News  

The Central government is set to make the highest-ever effective capital expenditure in the fiscal year 2024-25, Union Finance Minister Nirmala Sitharaman said during the proceedings in Lok Sabha. Sitharaman on Tuesday stated that the effective capital expenditure of the Union govt for this fiscal year is pegged at a staggering Rs 15.02 lakh crore, among the highest such spending …

Capex support will continue for infrastructure development: Minister Chaudhary
1 month ago

Capex support will continue for infrastructure development: Minister Chaudhary

Live Mint  

India's capital expenditure on infrastructure projects such as roads, railways, ports, airports, and telecommunications has been rising steadily over the years, and the government stands ready to make adequate funds available in next year's budget as well to maintain the sector's growth momentum, minister of state for finance Pankaj Chaudhary said on Friday. India aims to become a developed nation …

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
1 month, 1 week ago

Economists ask Finance Minister to focus on growth rather than fiscal consolidation

New Indian Express  

NEW DELHI: With the second quarter GDP growth falling to a 7-quarter low of 5.4%, economists have asked the government to shift its policy focus to growth rather than fiscal consolidation. In a pre-budget meeting with finance minister Nirmala Sitharaman on Friday, a delegation of economists suggested the government readdress the pace of fiscal consolidation and take measures to boost …

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

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation
5 months, 2 weeks ago

FM Nirmala Sitharaman on Budget 2024: Union Budget strikes a fine balance between growth, employment, capital investment, and fiscal consolidation

The Hindu  

Replying to the debate on the Union Budget in Rajya Sabha on Wednesday where more than 80 elders participated, Union Finance Minister Nirmala Sitharaman said the transfer of resources to the States is going unhindered and the inferences that she mentioned just two States in the budget was a propaganda created by the INDIA bloc to mislead the people. Countering …

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 …

What’s the Budget push for infrastructure?
5 months, 2 weeks ago

What’s the Budget push for infrastructure?

The Hindu  

The story so far: In her Budget proposals for 2024-25, Finance Minister Nirmala Sitharaman has set aside ₹11 lakh crore for capital expenditure, comprising 3.4% of the GDP. With the aim to push States to spend on infrastructure, she said ₹1.5 lakh crore was being made available to them in the form of long-term interest free loans. Under the Sagarmala …

​More for more: On the Union Budget and allocations
5 months, 2 weeks ago

​More for more: On the Union Budget and allocations

The Hindu  

Budgets of the Union or the States, as much as they are revenue and expenditure statements for the upcoming fiscal year, are also an exercise in political economy, and the recently tabled Union Budget for 2024-25 is no different. Aside from the “nine priorities”, beginning with provisions for the farm sector and attempts to boost employment, Union Finance Minister Nirmala …

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months, 3 weeks 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, 3 weeks 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: Government keeps focus on critical areas
5 months, 3 weeks ago

Budget 2024: Government keeps focus on critical areas

The Hindu  

The world is witnessing unprecedented disruptions and uncertainty. To avail of these opportunities, multiple steps were necessary: strong capital expenditure and infrastructure push by the Indian government; significant support to small and medium enterprises; job creation and skill development; and enhancing the purchasing power of both urban and rural Indian consumers. The announcements by the Finance Minister of schemes such …

Budget 2024: Growth, reforms and infrastructure
5 months, 3 weeks ago

Budget 2024: Growth, reforms and infrastructure

The Hindu  

The 2024 Budget signals policy continuity. Specifically, the Budget focuses on these key priorities - resilient agriculture, promoting skill development, driving employment and inclusivity, accelerating infrastructure development, energy security, fostering innovation and progressive reforms. Focus on infrastructure The government has earmarked an impressive capital expenditure of over ₹11 lakh crore, equivalent to 3.4% of the GDP, towards infrastructure development. By …

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 …

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, …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months, 3 weeks 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 …

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up
5 months, 3 weeks ago

Budget 2024: Focus on digitisation of land records, Urban development gets a leg up

Hindustan Times  

Urban development is one of the nine priorities outlined by the Finance Minister Nirmala Sitharaman in her speech on July 23. Urban development proposals The finance minister in her seventh straight budget said that three crore additional houses under the Pradhan Mantri Awas Yojana in rural and urban areas in the country have been announced, for which the necessary allocations …

Budget 2024: How will it impact the common people and consumers? CHECK here
5 months, 3 weeks ago

Budget 2024: How will it impact the common people and consumers? CHECK here

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024-25, with nine outlined priorities in agriculture, employment and skilling, manufacturing and services, human resource development, urban development, energy security and more. Sitharaman announced Prime Minister Narendra Modi's package of five schemes for employment, skilling and other opportunities for employment, skilling and other opportunities for 4.1 crore youth …

Union Budget 2024: Where does Centre spend the most money?
5 months, 3 weeks ago

Union Budget 2024: Where does Centre spend the most money?

Hindustan Times  

Union finance minister Nirmala Sitharaman presented Union Budget in Parliament of Tuesday. Union Budget 2024: Union finance minister Nirmala Sitharaman with the Budget tablet arrives at the Parliament to present the Union Budget 2024-25 during the Monsoon Session, in New Delhi on Tuesday. "The fiscal consolidation path announced by me in 2021 has served our economy very well, and we …

Budget 2024: Govt to connect 25,000 more villages in phase 4 of rural roads scheme
5 months, 3 weeks ago

Budget 2024: Govt to connect 25,000 more villages in phase 4 of rural roads scheme

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman said in her budget speech on Tuesday that the government would look to improve all-weather connectivity to 25,000 rural habitations by launching phase 4 of the Pradhan Mantri Grameen Sadak Yojana, which aims to link India’s hinterland with major economic centres. The government is expected to expand the definition of “rural habitations” in phase …

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 …

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister
5 months, 3 weeks ago

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister

Hindustan Times  

Budget 2024 will be presented by Finance Minister Nirmala Sitharaman today and the real estate sector hopes that the government will focus on affordable and middle income housing in the Budget. The real estate sector hopes that the government will push for affordable and middle income housing in Budget 2024. The government should raise the deduction limit for interest payment …

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy
5 months, 3 weeks ago

Budget 2024: Nirmala Sitharaman announces Rs 1,000 crore fund to boost space economy

India Today  

Finance Minister Nirmala Sitharaman on Tuesday unveiled an ambitious plan to expand India's space economy fivefold over the next decade, marking a significant leap in the country's space aspirations. In a bold move to propel India's space sector forward, Sitharaman announced the establishment of a Rs 1000 crore venture capital fund dedicated to fostering growth and innovation in space technology. …

India's budget highlights job creation, rural growth
5 months, 3 weeks ago

India's budget highlights job creation, rural growth

China Daily  

This file photo shows Indian Prime Minister Narendra Modi addressing the media to stake claim to form the new government at the Presidential Palace in New Delhi, India on June 7. Indian Prime Minister Narendra Modi's newly formed government unveiled an annual budget on Tuesday to the Indian Parliament with a proposal to significantly increase spending for job creation and …

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months, 3 weeks ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months, 3 weeks ago

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

Hindustan Times  

July 23, 2024 9:02 PM IST Budget 2024 LIVE Updates: Supriya Paul, CEO & Co- Founder, Josh Talks, said, “The Union Budget 2024-25 represents a significant stride towards Bharat's development. The allocation of ₹1.48 lakh crore towards education, employment, and skills development is a substantial investment. By enhancing the quality of education and training, we are equipping our youth with …

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 …

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 …

Budget 2024: JNU, DU hope for increased education funding to boost innovation, entrepreneurship
5 months, 3 weeks ago

Budget 2024: JNU, DU hope for increased education funding to boost innovation, entrepreneurship

The Hindu  

As the nation gears up for Budget 2024-25, the vice-chancellors of Delhi University and Jawaharlal Nehru University expressed hope for increased investment in education to boost entrepreneurship, and innovation, and help the country become a knowledge power. Some experts in the education sector also urged the government to reduce the GST slab on educational products and services from 18% to …

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?
5 months, 3 weeks ago

Budget 2024 Expectations: Will Nirmala Sitharaman announce tax relief?

Hindustan Times  

July 19, 2024 11:59 AM IST Budget 2024 Expectations Live Updates: Rajat Agrawal - CEO - Barista Coffee, said, “The Indian retail sector stands at a critical juncture, seeking support from the Govt on various counts which renews consumer confidence. Tax Cuts: Planned Reduction in individual income tax rates, especially for middle-income earners, could boost disposable incomes and drive spending. …

Budget must address fundamental questions, why is private investment very sluggish: Congress
6 months ago

Budget must address fundamental questions, why is private investment very sluggish: Congress

The Hindu  

The Congress on July 12 said the forthcoming Budget must address fundamental questions such as why private investment is "very sluggish" and private consumption is not picking up as the party dismissed claims that economic growth is accelerating sharply and large numbers of jobs being created. Congress general secretary, in-charge communications, Jairam Ramesh said, “The non-biological PM’s cheerleaders and drumbeaters …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months, 3 weeks 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 …

FM Nirmala Sitharaman Stresses Fiscal Responsibility and Job Growth
11 months ago

FM Nirmala Sitharaman Stresses Fiscal Responsibility and Job Growth

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharman on Thursday said that the government is making sure that fiscal deficit is managed without hurting any projects. The finance minister also highlighted the interim budget, saying that it is the emphasis given by the government on capital expenditure and sustaining pace of economic growth. “So public investment in infrastructure gives us greater …

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends
11 months, 1 week ago

RBI pegs FY'25 GDP growth at 7% on improved consumption demand, private capex spends

The Hindu  

The Reserve Bank of India on February 8 projected GDP growth for the next financial year at 7% on the back of improved household consumption and upturn in private capex cycle. In its Monetary Policy Statement, 2023-24, RBI Governor Shaktikanta Das said the recovery in rabi sowing, sustained profitability in manufacturing and underlying resilience of services should support economic activity …

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman
11 months, 1 week 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 …

Poll posture: On the 2024 Interim Budget
11 months, 1 week ago

Poll posture: On the 2024 Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman’s sixth consecutive Budget speech was an election-eve, self-congratulatory report card on the economic achievements engendered by Prime Minister Narendra Modi and the two governments he has led since 2014. Echoing the Finance Ministry’s review of the economy’s performance, and stating that Mr. Modi had inherited a situation replete with ‘enormous challenges’ when he assumed office, Ms. …

Interim Budget 2024 — in campaign mode
11 months, 1 week 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, …

Interim budget 2024-25: Capex raised to 3.4% of GDP despite fiscal consolidation
11 months, 1 week ago

Interim budget 2024-25: Capex raised to 3.4% of GDP despite fiscal consolidation

Hindustan Times  

The central government’s capital spending in 2024-25, according to the interim budget will be ₹11,11,111 crore, a number which is more like an auspicious figure than a hard-headed budgetary allocation. Read here: Interim budget 2024-25: Govt stays the course on fiscal consolidation path Fiscal numbers of the second Narendra Modi government speak for themselves. The share of capital spending in …

Interim Budget 2024: A little more for all labharathis? Focus on ‘core of core’ schemes
11 months, 1 week ago

Interim Budget 2024: A little more for all labharathis? Focus on ‘core of core’ schemes

Hindustan Times  

The interim budget on Tuesday raised allocations to the government’s six so-called “core of core schemes” to ₹1.12 lakh crore for 2024-25 from revised estimates of ₹1.08 lakh crore, an increase of 3%. These core of core centrally In her sixth straight budget, Sitharaman allocated ₹86,000 crore for the make-work MNREGS programme for 2024-25, which is the same as the …

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