Tracking India's economic slowdown: Narendra Modi's $5 trillion goal is wishful thinking unless Rs 100 lakh cr infra puzzle is solved
5 years, 4 months ago

Tracking India's economic slowdown: Narendra Modi's $5 trillion goal is wishful thinking unless Rs 100 lakh cr infra puzzle is solved

Firstpost  

If the Modi government finds a way and manage to implement the Rs 100 lakh crore investment as announced, this will indeed act as a big stimulus to the economy and help revive the job market. If the Modi government needs to meet the Rs 100 lakh crore investment figure envisaged for the next five years, on an average, Rs 20 lakh crore needs to be spent on a yearly basis. If the Modi government finds a way and manages to implement the Rs 100 lakh crore investment as announced, this will indeed act as a big stimulus to the economy and help revive the job market. Part 1: Why Narendra Modi govt shouldn’t delay fiscal stimulus to revive struggling industries Part 2: Country needs meaningful transition policies; simple demand and supply games won’t do Part 3: Narendra Modi govt has a herculean task ahead to pep up growth with dying private investment Part 4: Path to revival will be slow, painful; govt must start work now

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History of this topic

Infrastructure: Sitharaman will need to juggle conflicting demands in budget
1 day, 19 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 …

Five problems to resolve in Budget 2025
4 days, 19 hours ago

Five problems to resolve in Budget 2025

New Indian Express  

Monetise ‘solar’ highways: India’s growth story is fuelled largely by government spending on infrastructure. The road transport ministry could direct the National Highways Authority to map the potential, initiate pilot projects by National Thermal Power Corporation and offer the ready-to-plug-and-play spaces for bids from public and private investors. The solar highways will present an option for green data centres, automobile …

India's GDP growth may hit 4-year low of 6.4% in FY25, shows government data
1 week, 1 day ago

India's GDP growth may hit 4-year low of 6.4% in FY25, shows government data

India Today  

India’s GDP growth is projected to slow sharply to 6.4% in FY25, down from 8.2% in FY24, according to the first advance estimates released by the National Statistics Office. "Real GDP has been estimated to grow by 6.4% in FY 2024-25 as compared to the growth rate of 8.2% in Provisional Estimate of GDP for FY 2023-24. Real GDP at …

Gadkari announces over ₹12cr investment for Delhi ahead of polls
1 week, 5 days ago

Gadkari announces over ₹12cr investment for Delhi ahead of polls

Hindustan Times  

New Delhi: Nitin Gadkari, union minister for road transport and highways, on Thursday announced road projects worth ₹12,500 crore to address pollution and traffic congestion in national capital. Seven lawmakers from Delhi met Gadkari on Wednesday to seek Centre’s approval for projects ) Gadkari made the announcement a day after seven lawmakers from Delhi met him, seeking the Centre’s approval …

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 …

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
2 weeks, 1 day ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, …

Budget 2025: India eyes income tax relief for middle class earning up to ₹15 lakh, check details
2 weeks, 6 days ago

Budget 2025: India eyes income tax relief for middle class earning up to ₹15 lakh, check details

Live Mint  

NEW DELHI - India is considering cutting income tax for individuals making up to 1.5 million rupees a year in February's budget to provide relief to the middle class and boost consumption as the economy slows, two government sources told Reuters. The move could benefit tens of millions of taxpayers, especially city dwellers burdened by high living costs, if they …

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 …

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year
3 weeks ago

India’s Economy Is Likely to Grow by 6.5 per Cent in the Current and the Next Financial Year

Deccan Chronicle  

New Delhi: India's economy is likely to grow by 6.5 per cent in the current and the next financial year, attributing lower than anticipated expansion in the September quarter to fall in private consumption expenditure and gross fixed capital formation. The economy continued to be negative even in October 2024 at 8.4 per cent, implying that in the first seven …

India Govt to Spend ₹30K Crore on Rail Revamp
4 weeks ago

India Govt to Spend ₹30K Crore on Rail Revamp

Deccan Chronicle  

Chennai: The government is expected to spend more than Rs 30,000 crore on railway station redevelopment over the next two years. Of these, the estimated cost of redevelopment of major stations under the Rail Land Development Authority phase I is likely to be around Rs 17,000 crore. A total of 1318 stations are being considered for redevelopment under the Amrit …

PM Modi to inaugurate, lay foundation of projects worth Rs 46,300 crore in Rajasthan today
4 weeks, 2 days ago

PM Modi to inaugurate, lay foundation of projects worth Rs 46,300 crore in Rajasthan today

India TV News  

PM Modi Rajasthan visit: Prime Minister Narendra Modi will visit Jaipur on Tuesday to participate in the 'Ek Varsh - Parinam Utkarsh' program organized to mark the completion of one year of the Bhajanlal Sharma-led BJP government in Rajasthan. PM Modi to inaugurate 24 projects During the visit, he will also inaugurate and lay the foundation stone for 24 projects …

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 …

India’s GDP growth shocker: Bad news can be good too
1 month, 1 week 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 Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor
1 month, 1 week ago

India’s Potential GDP Growth Pegged at 6.5–7 Percent: Chief Economic Advisor

Deccan Chronicle  

New Delhi: In line with the Economic Survey, India's chief economic advisor V Anantha Nageswaran on Monday said that the country's potential GDP growth is in the range of 6.5-7 percent and the country should be able to achieve it on the back of things that have already happened in the last 10 years whether it is in terms of …

Rs 21 Crore In 5 Years Not Enough To Maintain Haryana Ministers' Bungalows, More Funds Approved For 'Repairs'
1 month, 3 weeks ago

Rs 21 Crore In 5 Years Not Enough To Maintain Haryana Ministers' Bungalows, More Funds Approved For 'Repairs'

ABP News  

It seems spending more than Rs 25 crore in five years is not enough to maintain the bungalows of the ministers in Haryana. According to news agency IANS, the Haryana government has now sanctioned an additional fund of Rs 15 crore for itself from the state Budget. The Rs 15 crore will be used in the 2024-25 fiscal year to …

PM Modi in Bihar today to unveil projects of over ₹12,000 crores, lay foundation stone for AIIMS Darbhanga
2 months ago

PM Modi in Bihar today to unveil projects of over ₹12,000 crores, lay foundation stone for AIIMS Darbhanga

Live Mint  

Prime Minister Narendra Modi will visit Bihar on November 13 and travel to Darbhanga. In a significant boost to healthcare infrastructure in the region, Prime Minister Narendra Modi will lay the foundation stone for AIIMS Darbhanga, a project worth over ₹1260 crore. Prime Minister will inaugurate and lay the foundation stone of multiple National Highway projects worth around ₹5,070 crore …

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 …

India growth slows to 6.7% on lower consumer spending
4 months, 2 weeks ago

India growth slows to 6.7% on lower consumer spending

Hindustan Times  

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy. India growth slows to 6.7% on lower consumer spending Friday's reading still places the world's most populous country among the fastest-growing major economies globally. Year-on-year gross domestic product grew at …

Remarkable progress towards trillion-dollar economy target: UP govt
4 months, 3 weeks ago

Remarkable progress towards trillion-dollar economy target: UP govt

Hindustan Times  

Lucknow: The Yogi Adityanath government on Tuesday claimed it had made remarkable progress in multiple sectors towards achieving the objective of making Uttar Pradesh a trillion-dollar economy. The Yogi Adityanath government on Tuesday claimed it had made remarkable progress in multiple sectors towards achieving the objective of making Uttar Pradesh a trillion-dollar economy. The secondary sector expanded to over ₹6.17 …

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 …

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers
5 months, 2 weeks ago

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers

Firstpost  

More than 1,000 participants from the industry, government, diplomatic community and think tanks, among others, attended the conference in person while many others will connect virtually from various CII centres around the country and overseas Prime Minister Narendra Modi on Tuesday addressed the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference.’ During his address, PM …

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 …

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development
5 months, 3 weeks ago

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development

Deccan Chronicle  

Bhubaneswar: The Bharatiya Janata Party-led Odisha government on Thursday presented Rs.2.65 lakh crore budget for the financial year 2024-25 with more special focus on agriculture, infrastructure, welfare and Odia Asmita. Presenting the budget, Chief Minister Mohan Charan Majhi, who also holds the finance portfolio, proposed the administrative expenditure at Rs 97, 725 crore and the programme expenditure of Rs 1,55,000 …

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: 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: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister
5 months, 3 weeks ago

Budget 2024: Just a political exercise to protect interests of Modi govt, says Kerala Finance Minister

The Hindu  

Kerala Finance Minister K. N. Balagopal on July 23 slammed the 2024-25 Union Budget, calling it a “gimmick” and a “political exercise” solely intended to protect the interests of the BJP-led NDA government. “While the BJP opened its account in Kerala, Kerala’s account has been closed,” Mr. Balagopal remarked, in an apparent reference to the BJP candidate Suresh Gopi’s win …

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 …

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

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

Associated Press  

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

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

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

Op India  

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

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

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

ABP News  

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

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

Budget 2024: Key announcements by Finance Minister Nirmala Sitharaman

India TV News  

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

Budget 2024: What Will Get Cheaper and What Will Get More Expensive? Hear from Experts | ABP News
5 months, 3 weeks ago

Budget 2024: What Will Get Cheaper and What Will Get More Expensive? Hear from Experts | ABP News

ABP News  

Modi 3.0 First Budget: Finance Minister Nirmala Sitharaman will present the central budget on July 23 at 11 AM. This will be the first budget of the third term under Prime Minister Narendra Modi’s leadership and Finance Minister Sitharaman's seventh consecutive budget. Sitharaman will break the record of former Prime Minister Morarji Desai, though Desai still holds the record for …

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. …

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime
5 months, 3 weeks ago

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime

India TV News  

Uttar Pradesh CM Yogi Adityanath's reaction on Union Budget: "Under the guidance of PM Modi, in the new parliament of the country, the Finance Minister has laid down the general budget of the country which is - inclusive, development-oriented and one which will fulfil the aspirations of 140 cr people. The new tax slabs announced in the budget are welcoming." …

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 …

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 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 …

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: Will focus on Anusandhan make India lead innovator by 2047?
5 months, 3 weeks ago

Budget 2024: Will focus on Anusandhan make India lead innovator by 2047?

Firstpost  

The Narendra Modi government has floated a corpus of Rs 1 lakh crore for long-term zero-interest or low-cost loans for research and development activities In the Interim Budget 2024-25, Union Finance Minister Nirmala Sitharaman put research and innovation at the centre of the pathway of India to be a developed nation by 2047, when it celebrates a hundred years of …

Gautam Adani feels it's 'the best time to be an Indian’: ‘No other country…’
6 months, 3 weeks ago

Gautam Adani feels it's 'the best time to be an Indian’: ‘No other country…’

Hindustan Times  

Gautam Adani- Adani Group chairman- said that India is on the brink of an unprecedented economic boom within the next decade as the country could start adding trillion dollars to its GDP every 12 to 18 months. This could make India a $30 trillion economy by 2050, Gautam Adani said while speaking at Crisil Ratings' ‘Annual Infrastructure Summit’ where he …

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling
7 months ago

India’s Modi urged to set ‘ambitious’ economic agenda after poll humbling

Al Jazeera  

Indian Prime Minister Narendra Modi and his Bharatiya Janata Party campaigned on India’s sizeable economic expansion in the lead-up to the country’s recent national elections. Despite strong headline economic growth, nearly half of India’s population is still employed in the relatively unproductive agricultural sector – a share that rose during Modi’s second term, from 42.5 percent in 2018-19 to 45.8 …

India’s Modi vows to boost social spending, make country into a manufacturing hub ahead of election
9 months ago

India’s Modi vows to boost social spending, make country into a manufacturing hub ahead of election

Associated Press  

NEW DELHI — Indian Prime Minister Narendra Modi on Sunday vowed to boost social spending, develop infrastructure and make India into a global manufacturing hub as companies shift away from China, as he unveiled his Hindu nationalist party’s election strategy. Modi promised to expand social programs introduced during his party’s 10-year rule, including millions of free homes for the poor, …

PM Modi sets ambitious India economic goals for probable third term
9 months, 1 week ago

PM Modi sets ambitious India economic goals for probable third term

Live Mint  

Indian Prime Minister Narendra Modi, confident of winning a national election starting this month, has set an ambitious target of roughly doubling the economy and exports this decade, according to a government document seen by Reuters. Independent economist Saugata Bhattacharya said doubling the economy by the end of the decade would be a "very difficult feat" requiring 6%-6.5% growth for …

PM Modi to unveil development projects worth more than ₹34,800 crore in Bihar
10 months, 1 week ago

PM Modi to unveil development projects worth more than ₹34,800 crore in Bihar

The Hindu  

Prime Minister Narendra Modi will unveil development projects worth more than ₹34,800 crore in Bihar on March 2. “Besides, PM Modi will unveil multiple projects in the oil and gas sector, worth about ₹1.48 lakh crore, spread across various States, from Patna,” an official statement said. This will be PM Modi's first visit to Bihar since the BJP-led NDA got …

Prime Minister Modi lays foundation stone for development of railway stations in Chennai Division
10 months, 2 weeks ago

Prime Minister Modi lays foundation stone for development of railway stations in Chennai Division

The Hindu  

Prime Minister Narendra Modi on Monday laid the foundation stone through video conferencing for the development of seven railway stations in the Chennai division — Ambattur, Chennai Beach, Chennai Park, Mambalam, Guindy, St. Thomas Mount, and Sullurpeta — under the Amrit Bharat Station Scheme of the Centre and seven road overbridges and 28 subways. According to a release, various railway …

India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi
11 months, 1 week ago

India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi

India TV News  

Prime Minister Narendra Modi announced on Tuesday that India is poised to witness a staggering investment of USD 67 billion in the energy sector over the next 5 to 6 years. Highlighting India's robust economic growth, currently exceeding 7.50 per cent, Modi emphasised the nation's imminent ascension to the rank of the world's third-largest economy. Modi said, "In the next …

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 …

Budget 2024: Delicate balancing by government testament to stability, growth
11 months, 1 week ago

Budget 2024: Delicate balancing by government testament to stability, growth

Live Mint  

Navigating the intricate journey of presenting an interim budget in the lead-up to general elections presents a formidable challenge. This has resulted in a delicate balancing act, culminating in a budget that stands as a testament to stability, growth, and the government's unwavering dedication to inclusive development. The government has taken a bold step by elevating the capital expenditure for …

Poll posture: On the 2024 Interim Budget
11 months, 2 weeks 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. …

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