Infrastructure: Sitharaman will need to juggle conflicting demands in budget
1 day 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 this fiscal year, as lower government spending due to elections in the first quarter pulled down India's economic growth significantly to 5.4% in the second quarter of 2024-25. As the finance minister prepares her next budget, her biggest challenge will be whether to increase infrastructure spending or focus on fiscal consolidation.

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History of this topic

India’s budget needs to address three medium-to-long term priorities
2 weeks, 5 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 …

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 …

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 …

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 …

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: 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 2024-25 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 …

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 …

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, …

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 …

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 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 …

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 …

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. …

Modi government shuns populist Budget as focus stays on infrastructure
11 months, 1 week ago

Modi government shuns populist Budget as focus stays on infrastructure

The Hindu  

Published : Feb 01, 2024 21:51 IST - 4 MINS READ Union Finance Minister Nirmala Sitharaman delivered a Budget speech lacking in any major spending and tax measures to lure voters in the upcoming elections, a sign that Prime Minister Narendra Modi is confident his government can return to power without resorting to populist programmes. “The political capital is strong …

Budget 2024: More Power to Infrastructure as Capex Outlay Increased to Rs 11.11 Lakh Crore
11 months, 1 week 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: Govt vows to launch new scheme to bolster deep-tech for defence sector
11 months, 1 week ago

Budget 2024: Govt vows to launch new scheme to bolster deep-tech for defence sector

India TV News  

Budget 2024: Union Finance Minister Nirmala Sitharaman on Thursday presented the interim Budget in Parliament ahead of the Lok Sabha elections. In her Budget speech, she said that a new scheme will be launched to bolster deep tech for the defence sector. 'Govt committed to strengthening economy' The Finance Minister said the Modi government stands committed to strengthening and expanding …

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 …

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 …

Budget 2024: Sitharaman stresses govt's commitment to continue 'PM Kisan Samman Yojana'
11 months, 2 weeks ago

Budget 2024: Sitharaman stresses govt's commitment to continue 'PM Kisan Samman Yojana'

India TV News  

Union Finance Minister Nirmala Sitharaman on Thursday presented the interim Budget ahead of the upcoming Lok Sabha elections, addressing key aspects of the government's fiscal plans. The PM Kisan Samman Yojana has been a pivotal component of the government's efforts to bolster the agricultural sector and provide a robust safety net for farmers across the nation. Furthermore, the Finance Minister …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months, 3 weeks 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: Overall spending likely to see 10% hike, says report
11 months, 4 weeks ago

Interim Budget 2024: Overall spending likely to see 10% hike, says report

India Today  

The upcoming interim budget for the fiscal year 2024-25 may witness a cautious approach from the government, with an anticipated 10 per cent increase in overall spending compared to the current fiscal year, reported The Economic Times. Despite the economy's robust growth, with a forecasted 7.3 per cent increase in Gross Domestic Product for the fiscal year 2023-24, the government …

Infrastructure major gets Letter of Intent for new infra project in Gujarat as India eyes developed nation tag
1 year, 3 months ago

Infrastructure major gets Letter of Intent for new infra project in Gujarat as India eyes developed nation tag

India TV News  

Infrastructure is pivotal to economic growth. The government's focus on the country's infrastructural needs through various schemes and policies is key to achieving the 2047 vision of reclassifying from a developing economy to a developed economy. Looking to cash in on the opportunity, Gujarat-based infra major Shashijit Infraprojects has announced that it has secured a Letter of Intent from Hari …

PM Modi to address post-budget webinar on Infrastructure, Investment on 4 March
1 year, 10 months ago

PM Modi to address post-budget webinar on Infrastructure, Investment on 4 March

Live Mint  

Prime Minister Narendra Modi will address the post-budget webinar on ‘Infrastructure and Investment - Improving Logistics Efficiency with PM Gati Shakti National Master Plan’ tomorrow through video conferencing. The Webinar is also scheduled to host discussions on three sub-themes namely, Improving logistics efficiency, Planning on PM Gati Shakti National Master Plan and Infrastructure development and investment opportunities. The webinar will …

Decoding Budget 2023
1 year, 11 months 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 …

A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24
1 year, 11 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 …

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan
1 year, 11 months ago

FM Sitharaman renews Centre’s outreach to states, continues 50-yr interest free loan

Hindustan Times  

Renewing the Centre’s outreach to the states ahead of a series of assembly elections and the 2024 Lok Sabha polls, finance minister Nirmala Sitharaman proposed to continue the Union government’s 50-year interest free loan for states by another year. Union finance minister Nirmala Sitharaman at a post-budget press conference in New Delhi on Wednesday The government also announced in the …

Defence Ministry says increased budget allocation will boost border infrastructure and connectivity
1 year, 11 months ago

Defence Ministry says increased budget allocation will boost border infrastructure and connectivity

Firstpost  

New Delhi: With India facing up to a belligerent China along the Line of Actual Control, the Indian government has initiated a slew of development projects at the Himalayan frontiers. Even as Union Finance Minister Nirmala Sitharaman announced a big hike of around 13% in the defence budget for the 2023-24 fiscal period, a significant amount was also devoted to …

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements
1 year, 11 months ago

Budget 2023: Key takeaways from Nirmala Sitharaman's announcements

Hindustan Times  

The Narendra Modi government at the Centre will focus on economic growth and job creation and cut down the fiscal deficit, Union finance minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. She also said the enhanced capex of ₹10 lakh crore for infrastructure development is at 3.3 per cent of the …

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM
1 year, 11 months ago

Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM

Hindustan Times  

Finance Minister Nirmala Sitharaman on Wednesday announced that the Centre will continue 50-year interest-free loans to state governments for one more year. Budget 2023: ‘50-year interest-free loans for states to continue…’, says FM Check budget live updates here Presenting the Budget for 2023-24, she said the newly established infrastructure finance secretariat will assist in attracting more private investment. On October …

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman
1 year, 11 months ago

Budget 2023 | Government to continue 50-year interest-free loans to States for another year: FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on February 1 announced that the Centre will continue 50-year interest-free loans to State governments for one more year. Budget 2023 | Record allocation of ₹2.4 lakh crore for Railways On October 13 last year, Prime Minister Narendra Modi had launched the Gati Shakti - National Master Plan, aimed at developing integrated infrastructure to reduce logistics …

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, …

Sitharaman outlines 7 priorities of Budget 2023, calls them 'Saptrishi'
1 year, 11 months ago

Sitharaman outlines 7 priorities of Budget 2023, calls them 'Saptrishi'

Hindustan Times  

As finance minister Nirmala Sitharaman started her Budget 2023 speech on Wednesday in Parliament, she outlined the seven priorities of Budget 2023 and called them the 'Saptrishi'. Nirmala Sitharaman said Budget 2023 is aimed at the economic empowerment of women and job generation for the youth. Sitharaman outlines 7 priorities of Budget 2023, calls them 'Saptrishi' Budget 2023: Follow LIVE …

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 …

Budget 2023: What the social sector wants from Finance Minister Nirmala Sitharaman
1 year, 11 months ago

Budget 2023: What the social sector wants from Finance Minister Nirmala Sitharaman

India TV News  

Budget 2023: The Indian economy is on a slow path to recovery as the COVID-19 crisis has more or less subsided. 35,000 crores • Revitalizing water harvesting structures by excavating existing lakes and tanks @ Rs. 5000 crores • Enhancing MGNREGA allocation to Rs 200,000 crores to meet all the wage employment requirements, which in turn can build large-scale livelihood …

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman
1 year, 11 months ago

Budget 2023: Modi govt allocates Rs 2.40 lakh crore for Railways, announces Sitharaman

India TV News  

Budget 2023: The Modi government on Wednesday announced that it has fixed capital outlay of Rs 2.40 lakh crore for railways in financial year 2023-24, as the Finance Minister Nirmala Sitharaman presented her 5th budget in the Parliament. BUDGET 2023: FULL COVERAGE Among other announcements regarding the infrastructure development, Sitharaman said that the states and cities will be encouraged to …

DC Edit | Will poll-eve Budget put a cap on inflation?
1 year, 11 months ago

DC Edit | Will poll-eve Budget put a cap on inflation?

Deccan Chronicle  

On the eve of the Union Budget day, finance minister Nirmala Sitharaman completed the pre-Budget ritual of tabling the Economic Survey in the Lok Sabha. From a bird’s eye view, the Survey exudes confidence about the course of the Indian economy — the country will continue to be the fastest growing major economy, albeit slowing down its pace a little, …

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government
1 year, 11 months ago

Budget 2023: Things To Watch Out For In Last Full Budget Of Modi Government

ABP News  

The Union Budget preparations have been in the full swing in the North Block. Asset Monetisation In the last fiscal the government targeted the national asset monetisation pipeline to accumulate Rs 1.62 lakh crore. According to various accounts, in this Budget the government may link budgetary allocation to infrastructure ministries to the progress and performance these ministries achieve in the …

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report
1 year, 11 months ago

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report

ABP News  

In just two days Budget 2023 will be presented in the Lok Sabha. According to the survey, the majority of economists expect this Budget "to steer clear of populist measures and focus on strengthening manufacturing and creating jobs." According to HSBC Holding Plc’s chief India economist Pranjul Bhandari, the nation’s path to fiscal consolidation will require a herculean effort. The …

Why Nirmala Sitharaman's Budget 2023 likely to avoid populist measures
1 year, 11 months ago

Why Nirmala Sitharaman's Budget 2023 likely to avoid populist measures

Hindustan Times  

Union finance minister Nirmala Sitharaman’s Budget 2023, a key deciding factor prior to the 2024 Lok Sabha election, may avoid populist measures. During the tenure of the first National Democratic Alliance government, spending on defence decreased from 2000-03 average of 18 per cent to 15.2 per cent of the budget share in 2003-04. Due to the government’s commitment to fiscal …

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