Budget must address fundamental questions, why is private investment very sluggish: Congress
5 months, 1 week 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 claim that economic growth is accelerating sharply and that jobs are being created in large numbers. But if this was the case — and it is not — Why is private investment, a key engine of economic growth, still so very sluggish recording a 20-year low during April-June 2024? "These are fundamental questions that the forthcoming Budget will have to address while the Finance Minister sings praises of the non-biological PM," Mr. Ramesh said.

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History of this topic

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?
1 week, 2 days ago

Growth slowdown: Why lay a deeper economic malaise at RBI’s door?

Live Mint  

Chapter 16 in the Book of Leviticus, Old Testament, enjoins Aaron to organize sacrifices and expiate the sins of all Israelites. Various ministers, government officials and sundry industry representatives have been hinting at RBI culpability in India’s economic slowdown and have called upon its monetary policy committee to cut rates in support of growth. The debate began with this year’s …

The budget echoes the Developed India vision
5 months 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 …

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

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

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

India TV News  

Finance Minister Nirmala Sitharaman will present the Union Budget 2024–25 on Tuesday, marking the first budget of Prime Minister Narendra Modi's third successive government. By adjusting tax policies and government spending, the budget can incentivize business investments, boost economic activity, and address public needs such as education and healthcare. The presentation of the Union Budget 2024–25 will be a critical …

A political, feel-good statement
10 months, 3 weeks ago

A political, feel-good statement

The Hindu  

Often, Budget speeches are political statements — more so, with impending general elections. The Budget statement attributed post-COVID growth revival to public infrastructure investment and proposes to continue the same in the coming year with a 11% rise in capital expenditure. In the last 3-4 years, the government has steadily raised public infrastructure investments, mainly on highways and communications, which …

Poll posture: On the 2024 Interim Budget
10 months, 3 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. …

Budget 2024: What ‘GDP’, ‘Disha Nirdeshak Baatein’ stand for in today’s budget?
10 months, 3 weeks ago

Budget 2024: What ‘GDP’, ‘Disha Nirdeshak Baatein’ stand for in today’s budget?

Live Mint  

Budget 2024: Finance Minister Nirmala Sitharaman highlighted in a post-budget press conference that she wants to drawn attention to ‘GDP’, abbreviating it to ‘governance, development and performance’ as the backdrop of Interim Budget 2024. ‘’India has seen three consecutive years of seven percent growth, Sitharaman said, while highlighting the government's performance over the last 10 years. ‘’The fiscal deficit target …

Budget 2024: Measures for economy, select segments to feature in Nirmala Sitharaman's sixth straight budget
10 months, 3 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 …

Positive GDP Surprise: Growth in Private Consumption Remains Critical
11 months, 2 weeks ago

Positive GDP Surprise: Growth in Private Consumption Remains Critical

News 18  

The government’s first advance estimate of the Gross Domestic Product for the current fiscal, which will end in March, has been a positive surprise for most economists. Rajani Sinha, the Chief Economist of CARE Ratings, said MOSPI’s projection of the GDP “seems to be relatively optimistic, surpassing the RBI’s estimate of 7% and our own projection of 6.8 per cent”. …

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

India needs a Budget for its young

The Hindu  

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

Budget 2023 live | Income tax relief, sops for women, scheme for artisans, and more
1 year, 10 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 …

India to raise spending on job creation before election
1 year, 10 months ago

India to raise spending on job creation before election

Al Jazeera  

Finance Minister Nirmala Sitharaman said private investment was rising after the pandemic and the government should focus on driving growth. Prime Minister Narendra Modi’s government presented to Parliament an annual budget of $550bn that calls for ramping up capital spending by 33 percent to spur economic growth and create jobs in advance of a general election next year. The government …

Citizens\' expectations of the budget
1 year, 10 months ago

Citizens\' expectations of the budget

Deccan Chronicle  

With Union finance minister Nirmala Sitharaman all set to present the Budget on Wednesday, experts speak of their expectations. With India preparing to increase its spending towards the public health expenditure sector to 2.5 per cent of GDP by 2025, this sector can see a record increase. Nabhan Mahmood, real estate businessman Our recommendations to the ministry of finance include …

DC Edit | Will poll-eve Budget put a cap on inflation?
1 year, 10 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 This Year To Follow Spirit Of Earlier Ones, Says FM Nirmala Sitharaman
2 years 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 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 …

Finance Minister Nirmala Sitharaman sees capital spending fuelling growth
2 years ago

Finance Minister Nirmala Sitharaman sees capital spending fuelling growth

The Hindu  

India plans to sustain its high growth rate through more government capital spending but will also focus on health and education next year, Finance Minister Nirmala Sitharaman told the Reuters NEXT conference on Wednesday. "We would continue to push capital expenditure, and that I’m saying even as I’m preparing for the next Budget," Ms. Sitharaman said. Rupee to stabilise Ms. …

Why this is going to be a tough year for economic policymaking
2 years, 3 months ago

Why this is going to be a tough year for economic policymaking

Live Mint  

India’s ministry of finance struck an upbeat note in its August economic review when it asserted growth is “robust" and inflation is “under control". Why road-building slumped from 37 to 19 km a day Four top exits in a month shake Wipro Nestle wants a bite of Yoga Bar Author and fund manager Baid's lessons from bull market Base line …

What the Union budget got right, and what it missed
2 years, 10 months ago

What the Union budget got right, and what it missed

Live Mint  

After more than a week of frenzied newspaper commentary on the budget, readers may want to reflect on what it has done that will make a difference in 2022-23 and what more is needed. Gross domestic product in the current year will be about 1.6% higher than the pre-pandemic level, but since our population has also increased, per capita GDP …

Budget 2022-2023: Key Highlights
2 years, 10 months ago

Budget 2022-2023: Key Highlights

India TV News  

Finance Minister Nirmala Sitharaman on Tuesday unveiled a bigger Rs 39.45 lakh crore Budget. Following are the highlights of the Union Budget for 2022-23 presented by Finance Minister Nirmala Sitharaman in Parliament on Tuesday: FISCAL POSITION India’s growth estimated at 9.2 pc, to be highest among large economies Fiscal deficit in 2022-23 estimated at 6.4 pc of GDP Total expenditure …

More infrastructure, more investment, more growth, more jobs: PM Modi on Budget 2022
2 years, 10 months ago

More infrastructure, more investment, more growth, more jobs: PM Modi on Budget 2022

India TV News  

Highlights PM Modi said that Budget 2022 brings in new hopes and opportunities for the people Full of more infrastructure, more investment, more growth and more jobs, PM said on Budget Prime Minister informed that he will speak in detail on Budget at 11 am on Wednesday Prime Minister Narendra Modi on Tuesday said that Budget 2022 brings in new …

Private Investment Missing in Action, Cautions RBI in its Monthly Bulletin
3 years, 9 months ago

Private Investment Missing in Action, Cautions RBI in its Monthly Bulletin

News 18  

The Reserve Bank of India in its monthly bulletin for February 2021 said that India’s economic activity is gaining momentum as Covid-19 incidence recedes but private investment still remains a concern. RBI Governor Shaktikanta Das had on Wednesday had said that the Centre needs to ramp up spending on the infrastructure sector which will in turn help in pooling in …

This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy
3 years, 10 months ago

This is no 1991, but Sitharaman's budget should boost growth, create jobs and stimulate a COVID-hit economy

Firstpost  

When all that the Opposition can muster to criticise the Union budget is a from the 1980s or a meaningless bombast, it is evident that Nirmala Sitharaman has nailed the political messaging. This is by no measure a 1991-style pathbreaking budget but with its massive, forensic focus on infrastructure, major hike in capital expenditure with a lower-than expected fiscal deficit, …

Budget 2021: FM Nirmala Sitharaman Must Provide a ‘Political’ Vision for India’s Economic Revival
3 years, 10 months ago

Budget 2021: FM Nirmala Sitharaman Must Provide a ‘Political’ Vision for India’s Economic Revival

News 18  

As Finance Minister Nirmala Sitharaman writes her Budget speech, she may consider reversing James Carville’s quote and say “It’s the politics, stupid!” In doing so, she will acknowledge the people-centricity of her approach to the economy, moving beyond mere numbers and data. Consistent Definition of Atmanirbhar Bharat Prime Minister Narendra Modi’s Atmanirbhar Bharat programme may be his defining contribution to …

Budget 2021: Govt Should Set Stage for Unleashing Economic Growth for Decades to Come
3 years, 10 months ago

Budget 2021: Govt Should Set Stage for Unleashing Economic Growth for Decades to Come

News 18  

The Union Budget of 2021 must look beyond revenue and expenditure estimates for the next year. In the short term, all four engines of economic growth – consumption, investments, government expenditure and exports – need to fire at full throttle. This year’s Budget provides an excellent opportunity to rid India of its credit malaise by selling the government’s equity stake …

Govt preparing a budget 'as never before': Sitharaman
4 years ago

Govt preparing a budget 'as never before': Sitharaman

India TV News  

Finance Minister Nirmala Sitharaman on Friday said that the government is seeking growth-inducing big ideas and inputs derived from introspection by industry, which would be used for creating a 'budget as never before'. Speaking at the CII Partnership Summit 2020, Sitharaman said that the next Union Budget will help India emerge as the engine for global growth and economic resurgence. …

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