Budget 2025-26: Don’t let electoral politics extract too high a price
2 months ago

Budget 2025-26: Don’t let electoral politics extract too high a price

Live Mint  

With less than a fortnight to go before India’s budget for 2025-26, all eyes are on finance minister Nirmala Sitharaman. Apart from all the usual reasons, this budget has special relevance, as it is the first full-year fiscal plan after last summer’s Lok Sabha elections. The budget is expected to retain its “focus on four major castes, ‘Garib’, ‘Mahilayen’, ‘Yuva’ and ‘Annadata’ ’ with particular emphasis on employment, skilling, MSMEs, and the middle class." The interim budget’s broad thrust in nine areas of priority, such as productivity and resilience in agriculture, employment and skilling, manufacturing and services, and infrastructure, especially, is also unlikely to shift. Beyond that, as Sitharaman said in her budget speech last year, the “endeavour will be to keep the fiscal deficit each year such that the Central government debt will be on a declining path as a percentage of GDP."

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History of this topic

Realistic Budget in Telangana after 25 years
2 days, 21 hours ago

Realistic Budget in Telangana after 25 years

Deccan Chronicle  

Hyderabad: For the first time in about two decades, the state received a pragmatic Budget with the Congress government projecting an organic growth in rupee inflow, be it through own tax revenues, devolution of Central taxes and borrowings. On Wednesday, Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka stood his ground and projected an organic growth rate of 7.3 …

Telangana Budget 2025-26 to be presented in Assembly on Wednesday
4 days, 5 hours ago

Telangana Budget 2025-26 to be presented in Assembly on Wednesday

The Hindu  

The stage is all set for the presentation of Telangana’s annual financial statement, budget, for the financial year 2025-26 in the Legislative Assembly on Wednesday. Deputy Chief Minister Mallu Bhatti Vikramarka, who holds the Finance portfolio, will present the budget in the House around noon on Wednsday even as the Finance department officials initiated efforts to fine tune the annual …

Parliament clears ₹51,463 crore extra spending for FY25, Manipur Budget for FY26
Top News
4 days, 7 hours ago

Parliament clears ₹51,463 crore extra spending for FY25, Manipur Budget for FY26

The Hindu  

Parliament on Tuesday approved the supplementary demands for grants, which entails ₹51,463 crore additional spending in the current fiscal and the Manipur Budget for 2025-26 with the Rajya Sabha returning four bills to the Lok Sabha. Parliament also approved the ₹1,291 crore demands for excess grants for 2021-22 fiscal and the ₹1,861 crore supplementary demands for grants for Manipur in …

Haryana budget: Focus on women, AI but dip in capex a worry
Trending News
4 days, 12 hours ago

Haryana budget: Focus on women, AI but dip in capex a worry

Hindustan Times  

Proposing an ambitious budget outlay of about ₹2.05 lakh crore for the 2025-26 financial year, Haryana chief minister Nayab Singh Saini on Monday presented his maiden budget estimates in the state assembly. Haryana chief minister Nayab Singh Saini The budget outlay of ₹2.05 lakh crore was about 8% higher than the ₹1.89 lakh crore presented by Saini’s predecessor Manohar Lal …

CM meets BJP MPs, discuss ‘Viksit Delhi Budget 2025’
4 days, 16 hours ago

CM meets BJP MPs, discuss ‘Viksit Delhi Budget 2025’

Hindustan Times  

Chief minister Rekha Gupta on Monday held a meeting with the Bharatiya Janata Party MPs to discuss the 2025-26 annual budget which is scheduled to be presented in the Delhi assembly on March 25. “Viksit Delhi Budget 2025 will not just be a document of numbers, but a roadmap for a bright future for every citizen of Delhi. The government’s …

China’s defence budget hike demands India to boost its Aatmanirbhar capabilities
1 week, 1 day ago

China’s defence budget hike demands India to boost its Aatmanirbhar capabilities

Firstpost  

The Modi government aims to build India’s defence capabilities by continuing to pursue gradual reforms—it’s time to accelerate the speed China announced its defence budget for 2025 at $245 billion, an increase of 7.2 per cent. India’s Defence Budget 2025-26 The Union Budget 2025-26 estimates the GDP to be Rs 3,56,97,923 crore, an increase of nearly 9 per cent. Boost …

CPI(M) terms Manipur budget 'inadquate' amid eithnic violence, JD(U) says 'not fully satisfactory'
1 week, 3 days ago

CPI(M) terms Manipur budget 'inadquate' amid eithnic violence, JD(U) says 'not fully satisfactory'

Hindustan Times  

Imphal, The CPI termed the Manipur budget "inadequate" to address issues such as people's suffering due to ethnic violence, rising inflation and unemployment, while the JD claimed that the annual financial statement for the northeastern state was "not fully satisfactory". CPI terms Manipur budget 'inadquate' amid eithnic violence, JD says 'not fully satisfactory' The Lok Sabha on Tuesday passed the …

Mahayuti avoids populist schemes in the first budget after returning to power
1 week, 4 days ago

Mahayuti avoids populist schemes in the first budget after returning to power

Hindustan Times  

Mumbai: Four months after winning the Maharashtra assembly elections on the back of a slew of populist schemes, the Mahayuti government’s first budget after retaining power reflected an estimated debt of ₹9,32,242 crore for the financial year 2025-26, which is the highest in the state’s history. Populist schemes worth ₹96,000 crore announced in last year’s budget in June, weeks after …

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies
1 week, 5 days ago

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for a net additional spending of ₹51,463 crore in FY25 to meet funding requirements of mainly fertilizer, food and cooking gas subsidy and defence pension. The government also sought House approval for an extra ₹6.27 trillion spending, mainly for repayment of debt, which does not involve additional cash outgo …

Ajit Pawar to present Maharashtra Budget 2025-26 today. Here is what is expected?
1 week, 5 days ago

Ajit Pawar to present Maharashtra Budget 2025-26 today. Here is what is expected?

Live Mint  

Maharashtra Budget 2025: Deputy Chief Minister and Finance Minister Ajit Pawar will present the state Budget for 2025-26 in the assembly today, March 10, 2025. In last year's pre-election budget, the Mahayuti government announced some popular decisions that reportedly played a major role in bringing the Mahayuti government back to power in Maharashtra. People have high expectations from today's budget, …

2025 budget focused on liqour revenue, Muslim welfare: Karnataka BJP
Trending News
2 weeks ago

2025 budget focused on liqour revenue, Muslim welfare: Karnataka BJP

New Indian Express  

BENGALURU: The Opposition BJP and JDS criticised the budget presented by CM Siddaramaiah on Friday. BJP strongman and former CM BS Yediyurappa slammed the budget claiming that it deviates from the path of development. The most alarming aspect, according to Yediyurappa, is the State Government’s inaction regarding farmers, despite rampant cases of suicides by farmers. The budget, the former CM …

Telangana Budget session to begin from March 12
2 weeks ago

Telangana Budget session to begin from March 12

The Hindu  

The budget session of the State Legislature is set to commence from March 12. Governor Jishnu Dev Varma has issued orders summoning the two Houses of the legislature on Friday marking the commencement of the budget session of the legislature. With summoning of the budget session of the legislature, all eyes are now on the total outlay for the financial …

Karnataka Budget 2025-26 key highlights: Infographics
Trending News
2 weeks, 1 day ago

Karnataka Budget 2025-26 key highlights: Infographics

The Hindu  

Karnataka Chief Minister Siddaramaiah presented the State budget for 2025-26 in the legislature today, outlining how his government plans to spend around ₹4.09 lakh crore in the coming year. Mr. Siddaramaiah laid out six key focus areas in his budget speech - “people-oriented” welfare initiatives, agriculture and rural development, increased investment in infrastructure, health and education, urban development, job creation …

Roadmap for economic growth: CM Omar Abdullah presents JK's first budget in six years
Top News
2 weeks, 1 day ago

Roadmap for economic growth: CM Omar Abdullah presents JK's first budget in six years

Deccan Chronicle  

Chief Minister Omar Abdullah on Friday presented the first budget of Jammu and Kashmir in six years and said it is a roadmap for economic growth and a true reflection of people's aspirations.Presenting the budget in the legislative assembly here, Abdullah, who holds the finance portfolio, praised Prime Minister Narendra Modi, Union Home Minister Amit Shah and Union Finance Minister …

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time
Top News
2 weeks, 1 day ago

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time

The Hindu  

Karnataka’s budget outlay has for the first time crossed ₹4 lakh crore. In his 16th budget Chief Minister Siddaramaiah presented on Friday for the fiscal year 2025-26, the total budget outlay has been estimated to be ₹4,09,549 crore. Follow for live updates on Karnataka Budget 2025-26 The budget outlay includes revenue expenditure of ₹3,11,739 crore, capital expenditure of ₹71,336 crore …

Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge
2 weeks, 1 day ago

Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge

Deccan Chronicle  

The main challenge before the Narendra Modi government is how to balance the onerous investment and institutional demands of high growth, without risking a political blowback. GDP growth higher than comparators: GDP growth in real terms during the third quarter of this fiscal, at 6.2 per cent, is higher than the average of the first two quarters. The IMF estimates …

Karnataka CM Siddaramaiah to present his record 16th Budget on Friday
2 weeks, 2 days ago

Karnataka CM Siddaramaiah to present his record 16th Budget on Friday

The Hindu  

Chief Minister Siddaramaiah will present his record 16th State Budget in the Legislative Assembly on Friday, and it is expected to raise borrowings from both domestic and global agencies to ensure infrastructure development, especially in Bengaluru city. The Budget is likely to highlight the State’s GST contribution to the national economy, recent success of Invest Karnataka 2025, the Karnataka Model …

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare
2 weeks, 4 days ago

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare

India TV News  

Chhattisgarh presents Rs 1.65 lakh cr budget for FY 2025-26, key focus on growth, infrastructure, welfare Chhattisgarh’s Rs 1.65 lakh crore budget for 2025-26 focuses on growth, infrastructure, and welfare under the ‘GATI’ theme. Chhattisgarh’s Finance Minister OP Chaudhary on Monday presented the state’s budget for the financial year 2025-26, amounting to Rs 1,65,000 crore. Welfare and agricultural support The …

Maharashtra Budget 2025: Ajit Pawar’s Strategy to Tackle Debt, Review Schemes, and Spur Growth
Trending News
2 weeks, 5 days ago

Maharashtra Budget 2025: Ajit Pawar’s Strategy to Tackle Debt, Review Schemes, and Spur Growth

The Hindu  

Published : Mar 03, 2025 21:17 IST - 4 MINS READ In the first three days of March, Maharashtra’s financial situation was revealed: It tops the chart in the country’s State numbers for GST collection for February 2025, with Rs.30,637 crore; the State finance minister, Ajit Pawar, sought a supplementary Rs.6,486 crore on March 3. They spent big money: The …

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26
2 weeks, 5 days ago

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26

The Hindu  

Ahead of the State elections in October-November this year, the Bihar government on Monday tabled estimated Budget of ₹3,16,895.02 crore in the Assembly for the financial year 2025-26. The Deputy Chief Minister Samrat Choudhary who also holds finance department said that the State government would spend ₹60,954 crores on education, ₹20,335 crores on health, ₹16,193 crores on rural development and …

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly
Trending News
2 weeks, 5 days ago

Jharkhand Budget 2025: Government tables ₹1.45 lakh crore Budget for FY 2025-26 in Assembly

The Hindu  

The Jharkhand Government on Monday tabled a ₹1.45 lakh crore Budget for the financial year 2025-26 in the State Assembly. The Jharkhand Mukti Morcha -led coalition Government had presented a Budget of ₹1.28 lakh crore for the 2024-25 financial year. Presenting the first budget of the Heman Soren’s government after retaining power in the assembly election last year, Mr. Kishore …

Delhi govt to present 2025-26 budget between March 24-26: CM Rekha Gupta
Top News
2 weeks, 5 days ago

Delhi govt to present 2025-26 budget between March 24-26: CM Rekha Gupta

The Hindu  

Delhi Chief Minister Rekha Gupta on Monday said the government is trying to present the budget between March 24-26. Ms. Gupta said her ministers will meet people from different sectors and take their views to make sure that Delhi’s budget will be people’s budget. Ms. Gupta reiterated that all promises made in the BJP’s ‘Sankalp Patra’ will be fulfilled and …

CM Rekha Gupta-led Delhi govt to present Budget 2025-26 between March 24-26
2 weeks, 5 days ago

CM Rekha Gupta-led Delhi govt to present Budget 2025-26 between March 24-26

Live Mint  

The first budget of newly-formed BJP government in Delhi will be presented in the assembly between March 24 and 26, Chief Minister Rekha Gupta said on Monday. Addressing a press conference, CM Rekha Gupta said the budget for 2025-26 will be prepared after incorporating suggestions from various sections of society. The chief minister also shared an email ID and a …

Delhi Government to present 2025-26 budget between March 24-26: Rekha Gupta
Trending News
2 weeks, 5 days ago

Delhi Government to present 2025-26 budget between March 24-26: Rekha Gupta

Hindustan Times  

Chief Minister Rekha Gupta on Monday said the Delhi government will present the 'Viksit Delhi' budget for 2025-26 in the assembly between March 24 and 26. Rekha Gupta reiterated that all promises made in the BJP's 'Sankalp Patra' will be fulfilled Addressing a press conference, she said the budget will be prepared after incorporating suggestions from various sections of society. …

Nitish Kumar pats his deputy Samrat Choudhary's back after his Bihar budget presentation | Watch
2 weeks, 5 days ago

Nitish Kumar pats his deputy Samrat Choudhary's back after his Bihar budget presentation | Watch

India TV News  

Nitish Kumar pats his deputy Samrat Choudhary's back after his Bihar budget presentation | Watch Bihar Deputy Chief Minister Samrat Choudhary, who holds the finance portfolio, presented the current state budget 2025, the last before the state goes to polls later this year. Bihar Chief Minister Nitish Kumar on Monday was seen patting his deputy Samrat Choudhary's back moments after …

Andhra govt presents annual budget with outlay of ₹3.22L-cr
Trending News
3 weeks ago

Andhra govt presents annual budget with outlay of ₹3.22L-cr

Hindustan Times  

Andhra Pradesh finance minister Payyavula Keshav on Friday presented the state’s annual budget for the financial year 2025-26 in the state legislative assembly with an outlay of ₹3.22 lakh crore. They are Thalliki Vandanam, a revised “Amma Vodi scheme” of the previous YS Jagan Mohan Reddy government providing financial assistance to women for sending their children to schools; and Annadata …

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
Trending News
3 weeks ago

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target

Live Mint  

India's fiscal deficit for the April-January period of financial year 2024-25 stood at ₹11.70 trillion, 74.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. Receipts and expenditure During the April-January period, net tax receipts stood at ₹19.04 trillion, or 74.4% of the target set in the annual budget, against ₹18.80 …

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%
Trending News
3 weeks, 1 day ago

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%

Deccan Chronicle  

New Delhi: The output of eight key infrastructure sectors rose by 4.6 per cent in January against a 4.2 per cent expansion in the same month of last year, but it was slower compared to 4.8 percent a month ago, while the Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, two …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
3 weeks, 1 day ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

Andhra Budget outlay likely to cross Rs 3 lakh crore
3 weeks, 1 day ago

Andhra Budget outlay likely to cross Rs 3 lakh crore

New Indian Express  

VIJAYAWADA: Finance Minister Payyavula Keshav will present the Andhra Pradesh Budget for 2025-26 in the Assembly on Friday. Though the exact outlay of the budget is not known, going by the statements of Chief Minister N Chandrababu Naidu and other leaders of the ruling coalition, equal emphasis is likely to be laid on welfare and development in allocation of funds. …

Breaking News: UP Budget 2025 – 92,919 Job Vacancies, Scooty for 12th-Pass Girls
1 month ago

Breaking News: UP Budget 2025 – 92,919 Job Vacancies, Scooty for 12th-Pass Girls

ABP News  

The Yogi Adityanath-led Uttar Pradesh government has unveiled the state budget for 2025, introducing several major announcements aimed at development and welfare. One of the key highlights is the recruitment of 92,919 positions across various departments, providing significant job opportunities for the youth.Additionally, the government has introduced a scheme to provide scooters to 12th-pass female students, promoting women’s empowerment and …

UP Budget goes bigger, but fund utilisation remains a challenge
1 month ago

UP Budget goes bigger, but fund utilisation remains a challenge

Hindustan Times  

LUCKNOW Uttar Pradesh government may have increased the allocations for various sectors with the size of the annual budget also going up year after year, but it faces the greater challenge of spending the funds. In 2023-2024, the state government estimated a revenue expenditure of ₹ 5.21 lakh crore, and could use only ₹ 4.29 lakh crore. The government later …

UP Budget 2025-26: Govt to provide 92,000 new jobs, says CM Yogi Adityanath
1 month ago

UP Budget 2025-26: Govt to provide 92,000 new jobs, says CM Yogi Adityanath

India TV News  

UP Budget 2025-26: Govt to provide 92,000 new jobs, says CM Yogi Adityanath UP Budget 2025-26: The Chief Minister stressed that the Budget 2025-26 has been designed with the theme of aiding the deprived. UP Budget 2025-26: Uttar Pradesh Chief Minister Yogi Adityanath on Thursday said that the state Budget for the financial year 2025-26 is important for creating a …

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal
1 month ago

Odisha CM Mohan Majhi presents Budget of ₹2,90,000 crore for 2025-26 fiscal

The Hindu  

Odisha Chief Minister Mohan Charan Majhi on Monday presented the State’s annual Budget for 2025-26 with total outlay of ₹2,90,000 crore, prioritising capital expenditure which is pegged at ₹65,012 crore – 6.1% of Gross State Domestic Product. Presenting his first full budget after Bharatiya Janata Party came to power in Odisha in June 2024, Mr. Majhi said, “I propose the …

Union Budget 2025-26: Highlights from Nirmala Sitharaman’s post-budget presser
1 month ago

Union Budget 2025-26: Highlights from Nirmala Sitharaman’s post-budget presser

The Hindu  

Finance Minister Nirmala Sitharaman held a press conference after an interaction post Union Budget 2025-26. On the question of FIIs and retail investors, the finance minister held that Indian markets today are also yielding good returns and profit booking is also happening. On FII money outflow Adding to the Finance Minister’s statement, Finance Secretary Tuhin Kanta Pandey held that it …

Parliament Budget Session Day 9 LIVE: Finance Minister Nirmala Sitharaman replies to Budget discussion in Rajya Sabha
1 month, 1 week ago

Parliament Budget Session Day 9 LIVE: Finance Minister Nirmala Sitharaman replies to Budget discussion in Rajya Sabha

The Hindu  

February 13, 2025 16:35 Recurring themes of transparency, co-operative federalism since 2020-21: Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman mentions features of budget-making in the past 4-5 years which “speak for themselves.” She notes that during the pandemic years, the government’s attempt resulted in India becoming “fragile five,” while after Covid, with targeted support to those who needed help, …

AP CM Naidu reviews Budget preparation with focus on welfare, development
1 month, 1 week ago

AP CM Naidu reviews Budget preparation with focus on welfare, development

New Indian Express  

VIJAYAWADA: Chief Minister N Chandrababu Naidu held an extensive discussion with Finance Minister Payyavula Keshav and senior department officials regarding the preparation of the Budget for the financial year 2025-26. The meeting, held at his residence in Undavalli on Wednesday, saw the Chief Minister emphasise that the Budget should strike a balance between welfare schemes and the development of the …

Andhra Pradesh CM Chandrababu Naidu reviews budget preparation
1 month, 1 week ago

Andhra Pradesh CM Chandrababu Naidu reviews budget preparation

The Hindu  

The State government is preparing to present the 2025-26 annual budget in the Andhra Pradesh State Assembly on February 28. As the government had already announced the implementation of the “Super Six” schemes from 2025-26 financial year, key discussions were held regarding budget allocations for these initiatives. Mr. Naidu has guided officials on overcoming these challenges, according to sources The …

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman
1 month, 1 week ago

Economy on speedy rebound, India to remain fastest growing nation: Sitharaman

The Hindu  

India’s economy is in the midst of “a speedy rebound” after a brief moderation in the second quarter of this year, Finance Minister Nirmala Sitharaman said on Tuesday, asserting that the Union Budget 2025-26 has sought to address the immediate challenges facing the national economy amid “immense” global uncertainties. ‘Strong economic foundations’ Stressing that India’s economy grew by an average …

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha
1 month, 1 week ago

Parliamentary proceedings: Govt using almost entire borrowings in FY'26 towards capex, says Sitharaman in Lok Sabha

The Hindu  

The Government is using almost the entire borrowing in 2025-26 towards financing capital expenditure, Finance Minister Nirmala Sitharaman said on Tuesday She said the effective capital expenditure in FY'26 is ₹15.48 lakh crore, which is 4.3% of GDP. "It indicates that the government is using almost the entire borrowed resources for financing effective capital expenditure. So, in effect, the government …

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman
1 month, 1 week ago

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman

Live Mint  

Union finance minister Nirmala Sitharaman said on Tuesday, February 12, 2025, that the government will use almost all its borrowing in 2025-26 to finance capital expenditure. FM Sitharaman highlighted the effective capex in FY26 is ₹15.48 lakh crore, which is 4.3 per cent of the gross domestic product. So, in effect, the government intends to use about 99 per cent …

Budget session of Andhra Pradesh Legislature to begin on February 24
1 month, 1 week ago

Budget session of Andhra Pradesh Legislature to begin on February 24

The Hindu  

VIJAYAWADA The budget session of the Andhra Pradesh Legislature will be held from February 24 as per separate notifications for the Council and Assembly issued in the name of Governor S. Abdul Nazeer on Monday. While the NDA MLAs are eagerly waiting for the Assembly session to get under way, it is most likely to be a one-sided affair as …

Fiscal and monetary measures to boost consumption, private investment says FM
1 month, 2 weeks ago

Fiscal and monetary measures to boost consumption, private investment says FM

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday said, “Fiscal and monetary measures announced recently will help boost consumption and promote private investment.” The Budget presented by the Finance Minister on February 1 proposed a slew of measures including significant income tax cuts for the middle class. On the monetary side, the Reserve Bank of India on Friday slashed the policy rate …

Budget 2025: Modi Government’s Key Welfare Schemes Cost 5 Lakh Crore Annually, Show Limited Impact
1 month, 2 weeks ago

Budget 2025: Modi Government’s Key Welfare Schemes Cost 5 Lakh Crore Annually, Show Limited Impact

The Hindu  

Published : Feb 06, 2025 14:47 IST - 5 MINS READ In the recent Union Budget, the BJP government has once again paraded its so-called achievements in the Budgetary announcements—billions allocated, millions covered, and proclamations of “Viksit Bharat” by 2047. And yet, four years later, the government has extended it for another five years at an estimated cost of Rs.11.80 …

A Budget that is mostly good but with one wrong move
1 month, 2 weeks ago

A Budget that is mostly good but with one wrong move

The Hindu  

The Union Budget has got many things right. Gross tax revenues Growth in the Government of India’s gross tax revenues have trended downwards in recent years. Level of government expenditure Tax and non-tax revenues, non-debt capital receipts and fiscal deficit together determine the size of government expenditure. In fact, this was so even in 2024-25, when the government’s total expenditure …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 2 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 …

Amid challenges, U.P. govt gets ready to present 2025-2026 budget
1 month, 2 weeks ago

Amid challenges, U.P. govt gets ready to present 2025-2026 budget

Hindustan Times  

Amid challenges of mobilising additional funds and making use of them, the U.P. We now have an idea about the funds earmarked for the state – U.P.’s share in the central taxes, central assistance and the likely allocations under centrally “Around 10 to 15 percent increase is expected in the size of the state government’s budget as many big development …

A tightrope act: The budget does a good job of balancing divergent demands
1 month, 2 weeks ago

A tightrope act: The budget does a good job of balancing divergent demands

Live Mint  

India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. Notably, fiscal consolidation remains the budget’s primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This cut, which accounts for almost the entire fiscal …

When consumption push and fiscal consolidation go hand in hand
Trending News
1 month, 2 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 …

Budget 2025 overlooks joblessness
Trending News
1 month, 2 weeks ago

Budget 2025 overlooks joblessness

The Hindu  

The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. Among centrally The Finance Minister has sought to counterbalance the deflationary impact of these expenditure cuts by enhancing the annual rebate for income tax payers from ₹7 lakh to ₹12 lakh from 2025-26. …

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