Hopes running high of tax cut as Nirmala Sitharaman presents record 8th budget
2 months ago

Hopes running high of tax cut as Nirmala Sitharaman presents record 8th budget

The Hindu  

A cut or tweak in income tax rates/slabs to ease the burden of the middle class struggling with high prices and stagnant wage growth is widely expected in Finance Minister Nirmala Sitharaman's record-setting eighth consecutive Budget. "Following the U.S. elections, the risk of volatility in global trade has increased, with potential measures, such as higher import tariffs and tax cuts to promote manufacturing in the U.S.," she said, adding that the government may look to implement a range of measures to enhance the competitiveness of Indian products on the global stage. Srivastava, Chief Policy Advisor, EY India, said, "As we navigate a challenging economic landscape, the upcoming budget must balance fiscal prudence with growth-oriented measures. "We expect the central government to prioritise macro stability by sticking with the fiscal consolidation path and steer clear of populist measures," Radhika Rao, Senior Economist at DBS said.

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History of this topic

Boost in consumption is necessary, but 'Sabka Vikas' should not be lost
1 month, 3 weeks ago

Boost in consumption is necessary, but 'Sabka Vikas' should not be lost

Firstpost  

While India seeks to counter global headwinds and uncertainties that can mar its economic growth, it should ensure the boost in demands must not result in high inflation or the burden be placed on indirect taxes, as high income divide is an undeniable reality of the Indian economy If we can achieve GDP growth of 6.7 per cent for FY26 …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 3 weeks ago

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys

Deccan Chronicle  

Mumbai: Moody’s Ratings on Tuesday said that the income tax cuts announced in the Union Budget 2025 will boost middle-class spending and benefit corporates and the financial sector but warned that the lost revenue could slow fiscal consolidation despite a decline in spending as a share of GDP. Although the government has estimated consequent foregone revenue at around Rs 1 …

When consumption push and fiscal consolidation go hand in hand
Trending News
1 month, 4 weeks ago

When consumption push and fiscal consolidation go hand in hand

Live Mint  

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing on the path of fiscal consolidation. More importantly, by shifting the anchor of fiscal consolidation from fiscal deficit to debt to GDP, the FM …

Chandrajit Banerjee: The budget will help drive India’s GDP growth in challenging times
1 month, 4 weeks ago

Chandrajit Banerjee: The budget will help drive India’s GDP growth in challenging times

Live Mint  

Finance minister Nirmala Sitharaman has presented a strong Union budget for 2025-26. While introducing tax cuts and enhancing public capital expenditure, the budget appropriately recognizes maintaining fiscal prudence as a fundamental requirement for achieving sustainable growth. The budget’s triumvirate of support for consumption through tax cuts, an increase in capex for infrastructure and a fiscal deficit reduction will lay India’s …

This budget is remarkable for its fiscal restraint—apart from other aspects
Trending News
1 month, 4 weeks ago

This budget is remarkable for its fiscal restraint—apart from other aspects

Live Mint  

The Union budget for 2025-26 is being hailed as a “thanksgiving’’ for the middle-class, while its personal income tax relief is being called “historic’’ and has hogged most of the limelight. Importantly, in absolute terms, the fiscal deficit is likely to remain flat at ₹15.7 trillion in 2025-26, as compared to 2024-25, and lower than its level of ₹16.5 trillion …

Heard voice of middle class, tax reform to drive consumption and savings: Nirmala Sitharaman on Budget
1 month, 4 weeks ago

Heard voice of middle class, tax reform to drive consumption and savings: Nirmala Sitharaman on Budget

New Indian Express  

"I wouldn't want to predict something, but certainly this tax proposal will make people have more money in their hands.So, I expect this would show both in terms of consumption spending and also in terms of savings, which can be through many different instruments," she said. Opining that reducing taxes is the first step towards the new tax bill, the …

‘Focus on wealth creation, win for middle class’: How experts see tax cut in Sitharaman’s Budget 2025
1 month, 4 weeks ago

‘Focus on wealth creation, win for middle class’: How experts see tax cut in Sitharaman’s Budget 2025

Firstpost  

After Union Finance Minister Nirmala Sitharaman proposed to make income up to Rs 12 lakh tax-free in the Budget 2025-26, among other measures, experts said it was a pro-growth budget that sought to focus on wealth creation for the middle class with eyes on triggering consumption-led growth A customer looks at consumable goods before buying them at a supermarket in …

In economy's shifting sands, a budget to boost demand
1 month, 4 weeks ago

In economy's shifting sands, a budget to boost demand

Live Mint  

The Union budget presented by finance minister Nirmala Sitharaman on Saturday can be framed against two major shifts in the Indian economy. The latest budget numbers show that income tax is expected to account for ₹22 out of every ₹100 of receipts that will flow into the government treasury. The second major shift: In February 2021, the finance minister had …

Sitharaman to present record 8th Union Budget with middle-class hoping income tax cuts
2 months ago

Sitharaman to present record 8th Union Budget with middle-class hoping income tax cuts

Firstpost  

The upcoming Union Budget, presented by Finance Minister Nirmala Sitharaman, will be her 8th consecutive budget. AP A cut or tweak in income tax rates/slabs to ease the burden of middle class struggling with high prices and stagnant wage growth is widely expected in Finance Minister Nirmala Sitharaman’s record setting eighth consecutive Budget. “We expect these two to be the …

How Budget 2025 targets consumption to boost overall growth
2 months ago

How Budget 2025 targets consumption to boost overall growth

India Today  

The Narendra Modi government had been under immense pressure to boost consumption, a critical pillar of the economy, to drive growth. Under the New Tax Regime announced in 2023, those with an annual income of up to Rs 7 lakh did not have to pay taxes due to the rebates. A taxpayer in the New Tax Regime with an annual …

Why Nirmala Sitharaman should give tax reliefs to boost Indian economy
2 months ago

Why Nirmala Sitharaman should give tax reliefs to boost Indian economy

India Today  

India's economy is showing signs of slowing down, with GDP growth expected to decline to 6.4% in FY25 from 8.2% in FY24, according to the National Statistics Office. With GDP growth slowing, experts believe that tax relief measures could help revive demand and support economic growth. With economic growth slowing and inflation remaining a concern, many believe that tax relief …

Budget should announce tax cuts for individuals to boost consumption: Barclays
2 months, 1 week ago

Budget should announce tax cuts for individuals to boost consumption: Barclays

Live Mint  

New Delhi, Jan 23 The government in FY26 Budget should announce an "effective" personal income tax cut to support consumption and demand, Barclays said on Thursday. Barclays, India Chief Economist, Aastha Gudwani said in a quest to support consumption, the finance minister should provide an effective personal income tax rate cut by further tweaking the tax slabs. Barclays said it …

What to expect from Budget 2025: Growth, taxes, and fiscal realities in numbers
2 months, 1 week ago

What to expect from Budget 2025: Growth, taxes, and fiscal realities in numbers

India Today  

India’s Finance Minister, Nirmala Sitharaman, faces a challenging task as she delivers her eighth Budget speech on February 1. The fiscal consolidation roadmap, announced in the FY22 budget, aims to reduce the fiscal deficit to 4.5 per cent of the GDP by FY27. “Notwithstanding the growth slowdown in FY25 and the likely minor growth improvement in FY26, the government will …

Budget must address slow consumption, investment
2 months, 1 week ago

Budget must address slow consumption, investment

New Indian Express  

With signs of a slowdown in the economy getting more pronounced, Union Finance Minister Nirmala Sitharaman, who will be presenting the Union Budget on 1 February, has her work cut out. The Budget must not only address the weary private investment scenario in the country but also address the consumption slowdown. So, when the finance minister and her North Block …

Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?
2 months, 4 weeks ago

Budget 2025: Will Nirmala Sitharaman address TDS-TCS challenges?

India Today  

As the Union Budget 2025-26 draws near, discussions intensify on simplifying India’s tax system. Industry bodies, including the Federation of Indian Chambers of Commerce and Industry, have shared their recommendations with Finance Minister Nirmala Sitharaman, advocating tax reforms to boost the ease of doing business and reduce complexity. SIMPLIFYING TDS-TCS RATES FICCI has proposed reducing the numerous TDS/TCS rates to …

Budget 2025: Should Nirmala Sitharaman focus on boosting consumption?
3 months 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 …

Finance Ministry kick-starts Budget 2025-26 preparations; Economic reforms, employment generation in focus
6 months, 1 week 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 …

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?
8 months, 1 week ago

Budget 2024: Will FM Nirmala Sitharaman fulfill your income tax wishes?

India Today  

Finance Minister Nirmala Sitharaman is all set to present the full Budget 2024 on July 23. With various sectors anticipating significant announcements, salaried taxpayers are particularly hopeful for major income tax relief, including changes in the new income tax regime and standard deductions. Despite positive expectations for the budget, significant tax relief for the middle class may not materialise. Sandeep …

Nirmala Sitharaman's upcoming Budget: What to expect
8 months, 2 weeks ago

Nirmala Sitharaman's upcoming Budget: What to expect

India Today  

On July 23, Finance Minister Nirmala Sitharaman will present the Budget for the fiscal year ending March 2025. POINTS TO WATCH IN BUDGET ANNOUNCEMENT Fiscal deficit target: Despite political pressures, the government is committed to maintaining a fiscal deficit target of 5.1 per cent of the GDP. This means they aim to keep the gap between their spending and income …

Poll posture: On the 2024 Interim Budget
1 year, 1 month 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. …

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

Decoding Budget 2023
2 years, 1 month ago

Decoding Budget 2023

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 tightrope walk in the Budget between staying fiscally prudent and meeting public expectations in the year before general elections. Ms. Sitharaman’s fifth …

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more
2 years, 1 month 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 …

Budget 2023: Why govt should consider tax relief despite limited fiscal room
2 years, 2 months ago

Budget 2023: Why govt should consider tax relief despite limited fiscal room

India Today  

An incremental tax relief in the upcoming Union Budget 2023 could help the central government provide consumption support to the Indian economy in FY24 and shield it from the worsening financial environment in the West. Recently, global economic experts, including International Monetary Fund Deputy Managing Director Gita Gopinath, noted that an inflation-driven price shock could disrupt the lives of people …

Budget This Year To Follow Spirit Of Earlier Ones, Says FM Nirmala Sitharaman
2 years, 3 months ago

Budget This Year To Follow Spirit Of Earlier Ones, Says FM Nirmala Sitharaman

ABP News  

Finance Minister Nirmala Sithataman on Friday indicated that her forthcoming Budget will continue to push growth on the back of public spending as she said it will "follow the spirit" of earlier Budgets. In the Budget, the finance minister had raised capital expenditure by 35.4 per cent for the financial year 2022-23 to Rs 7.5 lakh crore to boost demand, …

Budget this year to follow spirit of earlier ones: Sitharaman
2 years, 3 months ago

Budget this year to follow spirit of earlier ones: Sitharaman

The Hindu  

Finance Minister Nirmala Sithataman on December 16 indicated that her forthcoming Budget will continue to push growth on the back of public spending as she said it will "follow the spirit" of earlier Budgets. In the Budget, the Finance Minister had raised capital expenditure by 35.4% for the financial year 2022-23 to ₹7.5 lakh crore to boost demand, while the …

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax
4 years, 1 month ago

Union Budget 2021: Nirmala Sitharaman takes braver route to fix economy by not levying more tax

Firstpost  

Changes on the indirect tax front are also not significant to qualify as changes large enough to be structural leading to increased demand or increased production of items Budget 2021 was delivered against the backdrop of a global pandemic and all the challenges that it brought along. With the Economic Survey pointing at a deficit in tax collection, largely attributable …

Budget 2020: No boosters in Nirmala Sitharaman's tightrope walk
5 years, 1 month ago

Budget 2020: No boosters in Nirmala Sitharaman's tightrope walk

India Today  

Finance Minister Nirmala Sitharaman's first full budget was expected to prescribe a short-term growth injection to revive demand. Furthermore, no direct measures were announced to boost key sectors like real estate and manufacturing, despite easing fiscal deficit target to spend approximately Rs 15 billion more. Reduction of budget allocation for flagship MGNREGA by 13 per cent or Rs 9,500 crore …

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations
5 years, 1 month ago

Budget 2020 | Nirmala Sitharaman’s budget booster falls short of expectations

The Hindu  

Union Finance Minister Nirmala Sitharaman’s second Budget speech on February 1 sought to make up in length and breadth for what it couldn’t deliver in the form of an effective stimulus for India’s fast-slowing economy. Watch | Highlights of Union Budget 2020-21 Taking a cue from the Economic Survey, which dwelt at length on India’s ancient economic prowess, Ms. Sitharaman …

Decoding Budget 2020 | HT Editorial
5 years, 1 month ago

Decoding Budget 2020 | HT Editorial

Hindustan Times  

When finance minister Nirmala Sitharaman arose to present the Union Budget in Parliament, she had to address several challenges. The budget estimate for tax revenue in 2020-21 is around Rs 38,000 crore lower than last year’s budget estimate. On the growth front, it can be argued that this budget’s promise is not what will be termed a “dream” or a …

Budget 2020 | Government bites the fiscal deficit bullet
5 years, 1 month ago

Budget 2020 | Government bites the fiscal deficit bullet

The Hindu  

The government has decided to bite the fiscal deficit bullet in the wake of lower tax collections, amid a slowing economy, by allowing fiscal deficit to go up to 3.8% of the GDP for the current financial year, compared with 3.3% projected in the previous year’s Budget. Finance Minister Nirmala Sitharaman cited Section 4 of the Fiscal Responsibility and Budget …

No Bold Reforms, But At Least Nirmala Sitharaman’s Budget Does No Harm. That’s Good Enough
5 years, 1 month ago

No Bold Reforms, But At Least Nirmala Sitharaman’s Budget Does No Harm. That’s Good Enough

News 18  

Given the crisis the economy is facing and the populist mindset the entire political class is afflicted with, finance minister Nirmala Sitharaman has presented a Budget that cannot be called bad. Therefore, I have taken a deviation of 0.5 per cent.” However, on another fiscal indicator, the revenue deficit, the situation doesn’t seem very good. The government has defined revenue …

Nirmala Sitharaman unveils Budget aimed at boosting incomes; introduces alternative tax regime to simplify taxation; full text of her speech
5 years, 1 month ago

Nirmala Sitharaman unveils Budget aimed at boosting incomes; introduces alternative tax regime to simplify taxation; full text of her speech

Firstpost  

Finance Minister Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive domestic economic growth that has slumped Finance Minister Nirmala Sitharaman on Saturday unveiled the budget for fiscal 2020-21, vowing to boost income of Indians and their purchasing power, in a bid to revive …

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget
5 years, 2 months ago

From slashing tax to spending boost: Key things to watch out for in Nirmala Sitharaman's second budget

India Today  

Finance Minister Nirmala Sitharaman will present her second budget for the next fiscal year starting April 1, 2020, at a time when several issues are plaguing the economy. Economists have unanimously asked the government to focus on spending in key sectors like infrastructure and also provide tax breaks to middle class for boosting demand. Rebuilding real estate Since the real …

Budget 2020: Govt likely to raise spending to revive economic growth
5 years, 2 months ago

Budget 2020: Govt likely to raise spending to revive economic growth

India Today  

Prime Minister Narendra Modi's government is expected to raise spending on infrastructure and cut some personal tax in its 2020/2021 budget, to spur consumer demand and investment, government sources and economists said. Economists and investors say fiscal stimulus in the budget for the year beginning April 1 and an increase in spending on roads, railways and rural welfare could revive …

Budget 2020: Nirmala Sitharaman will have to make difficult choices
5 years, 2 months ago

Budget 2020: Nirmala Sitharaman will have to make difficult choices

Hindustan Times  

Growth at a 10-year low and inflation at a five-year high is not an ideal backdrop for presenting a Union budget. In fact, under the current circumstances, the government might be forced to defer the Fiscal Responsibility and Budget Management Act, 2003-mandated financial year 2025 timeline of reaching the public debt-to-GDP ratio of 60% by a couple of years, even …

Budget 2020 Expectations: Govt Likely To Reduce Personal Income Tax Rates To Spur Economic Growth
5 years, 3 months ago

Budget 2020 Expectations: Govt Likely To Reduce Personal Income Tax Rates To Spur Economic Growth

ABP News  

Union Minister of Finance and Corporate Affairs Smt. For more details:https://t.co/v9N2RY7EBW pic.twitter.com/FXymoEhbrg — Ministry of Finance December 17, 2019 As the Modi government 2.0 is months away to present its Budget for 2020-21 fiscal likely on February 1, it is been expected that the Finance Ministry might trim personal income tax rates and reduce the tax levied on long term …

After Sitharaman’s tax bonanza come the big challenges
5 years, 6 months ago

After Sitharaman’s tax bonanza come the big challenges

Live Mint  

Last week, the finance minister announced a cut in corporate income tax rates. The total revenue the government will forgo due to a lower corporate income tax and a few other changes is expected to be around ₹1.45 trillion. Up until the decision to cut the rates, the government expected to earn ₹7.66 trillion through corporate income taxes. Everything else …

Nirmala Sitharaman's Move To Slash Corporate Tax May Impact Fiscal Deficit, Capex: Economists
5 years, 6 months ago

Nirmala Sitharaman's Move To Slash Corporate Tax May Impact Fiscal Deficit, Capex: Economists

ABP News  

New Delhi: As the exuberance of stock market and corporates over the tax cuts settles downs, economists and experts on Friday warned of fiscal slippages due to such reduction that may impact fiscal deficit, capital expenditures and cause higher borrowings. Former chief government statistician Pronob Sen said, "It is certain concern for fiscal deficit of 3.3 per cent which will …

Govt duty-bound to achieve fiscal deficit of 3% as per law, says Finance Minister Nirmala Sitharaman
5 years, 8 months ago

Govt duty-bound to achieve fiscal deficit of 3% as per law, says Finance Minister Nirmala Sitharaman

Firstpost  

In the Budget presented on Friday, the government lowered the fiscal deficit target to 3.3% of the GDP for 2019-20 New Delhi: Assuring that all the numbers mentioned in the Budget are realistic and achievable, Finance Minister Nirmala Sitharaman said as a government minister she is duty bound to follow glide path to achieve fiscal deficit target of 3 percent …

Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic
5 years, 8 months ago

Budget 2019: Nirmala Sitharaman's promise to cut fiscal deficit to 3.3% of GDP is brave, but not realistic

Firstpost  

That women are better at balancing the household budget than men is a truism that has been more or less accepted. In her maiden budget, she is promising to keep the fiscal deficit at 3.3 percent of GDP, lower than the 3.4 percent projected in the interim Budget presented by Piyush Goyal. Quality of deficit really means a higher fiscal …

Budget 2019: 10 top takeaways from Nirmala Sitharaman's speech
5 years, 8 months ago

Budget 2019: 10 top takeaways from Nirmala Sitharaman's speech

India Today  

Union Finance Minister Nirmala Sitharaman presented her first Union budget and also the first budget of the Narendra Modi 2.0 government. Corporate Tax Sitharaman brought 99.3 per cent companies under 25 per cent corporate tax slab in her first Budget. Sitharaman announced that corporate tax rate of 25 per cent -- available to companies with annual turnover of up to …

Markets gains for fourth session ahead of key budget
5 years, 8 months ago

Markets gains for fourth session ahead of key budget

Live Mint  

Mumbai: Indian markets gained for the fourth consecutive sessions as investors awaits key key budget which will be presented by finance minister Nirmala Sitharaman due later on Friday. Consumer demand which has so far been the only engine driving the economy now looks vulnerable Earlier on Thursday, chief economic adviser said the government will keep its fiscal deficit under control …

Roadmap to Recovery: The 7 Areas Where Nirmala Sitharaman's Maiden Budget Can Make a Difference
5 years, 8 months ago

Roadmap to Recovery: The 7 Areas Where Nirmala Sitharaman's Maiden Budget Can Make a Difference

News 18  

The NDA government’s first full-fledged Union Budget in its second term comes at a crucial juncture. The government must look to rationalise the tax burden by subsuming stamp duty under GST, restoring input tax credit and relaxing Minimum Alternative Tax, besides implementing a single window clearance for developers. There should also be a clear action plan to fast-track usage of …

Balancing the fiscal math is Sitharaman’s challenge
5 years, 8 months ago

Balancing the fiscal math is Sitharaman’s challenge

Live Mint  

When finance minister Nirmala Sitharaman presents her first budget on 5 July, the fiscal math will be under scrutiny. In its interim budget, the government estimated that the fiscal deficit would remain at 3.4% of GDP in 2019-20, the same as in 2018-19. This will make it more challenging to even retain the interim budget numbers as it implies higher …

Government likely to overshoot budget deficit target as tax collections fall short
5 years, 9 months ago

Government likely to overshoot budget deficit target as tax collections fall short

Firstpost  

India’s government is likely to overshoot the budget deficit target previously set for the current fiscal year, three officials have warned, as a slowing economy creates a big shortfall in tax collections and prompts new stimulus plans New Delhi: India’s government is likely to overshoot the budget deficit target previously set for the current fiscal year, three officials have warned, …

Build the budget around government spending
5 years, 9 months ago

Build the budget around government spending

Hindustan Times  

Despite its name, this column ventures rarely into the realm of economics, but with the Union Budget just a month away, and the Indian economy growing by its slowest in five years in the three months ended March, it is time. The Indian economy’s biggest vulnerability is oil, and in its first term, the Modi-led government benefited from a benign …

India economy: Govt indicates it will not cut expenditure in the wake of higher fiscal deficit numbers
7 years ago

India economy: Govt indicates it will not cut expenditure in the wake of higher fiscal deficit numbers

Firstpost  

Fiscal deficit has touched Rs 6.77 lakh crore at the end of January 2018, 113.7 percent of the target for the year, on account of higher expenditure. New Delhi: The government will not go for an expenditure cut in 2017-18 to meet fiscal deficit target of 3.5 percent of GDP even as it has breached the level of 113.7 percent …

Budget 2015: 'Make in India' likely to get big push
10 years, 2 months ago

Budget 2015: 'Make in India' likely to get big push

India TV News  

New Delhi: The ‘Make in India' plan of Prime Minister Narendra Modi may soon get a big push in the forthcoming Union budget 2015-16. In addition to several tax breaks, some crucial steps are likely to be taken to give a major push to the plan that has the potential to create millions of jobs by reviving the manufacturing sector. …

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