Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman
5 days, 21 hours ago

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the government’s push for capital expenditure, while maintaining fiscal discipline, has not come at the cost of public spending, emphasizing that allocations for social welfare and education have increased significantly. Speaking at the Rajya Sabha, Sitharaman said the effective capital expenditure for the next fiscal year, 2025-26, is projected to be at ₹15.48 trillion, against ₹13.18 trillion in the ongoing fiscal, which includes core capital outlays in the Union Budget, and grants and aid allocated to states for creating capital assets. Sitharaman said that India's household debt remains relatively low compared with both other emerging market economies and several developed nations. Meanwhile, answering questions from the opposition, Sitharaman said public sector banks have recovered a total of ₹2.27 trillion in written-off loans so far, while private sector banks had clawed by NPAs worth ₹55,598 crore.

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History of this topic

INTERVIEW | Rising debt as Centre has clipped our financial autonomy: TN Finance Minister Thangam Thennarasu
2 days, 12 hours ago

INTERVIEW | Rising debt as Centre has clipped our financial autonomy: TN Finance Minister Thangam Thennarasu

New Indian Express  

While debt is unavoidable in an economy, a higher revenue deficit is an unhealthy indicator. Though the union government did not release the grants-in-aid as expected, especially the Rs 2,152 crore meant for Samagra Shiksha, we are optimistic and are expecting in good faith that this will be released next year without imposing any conditions. This year, as you said, …

Tamil Nadu’s finances show signs of improvement
4 days ago

Tamil Nadu’s finances show signs of improvement

The Hindu  

The finances of the Tamil Nadu government are showing signs of improvement, though it is too early to arrive at any definitive conclusion about the fiscal position. Likewise, it can be seen that the share of capital expenditure in net public debt or net borrowings is on the rise, despite a substantial amount of borrowings still being used to finance …

Congress MLAs express concern over declining capital expenditure
5 days, 9 hours ago

Congress MLAs express concern over declining capital expenditure

Hindustan Times  

The opposition Congress on Tuesday expressed concern over the decline in the capital outlay in the 2025-26 budget estimates tabled by chief minister Nayab Singh Saini in Haryana assembly on March 17. Congress leader Bhupinder Singh Hooda Speaking during the general discussion on budget, Congress MLA from Rohtak BB Batra said that the proposed capital outlay in 2025-26 estimates was …

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister
1 week, 3 days ago

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister

The Hindu  

Tamil Nadu Finance Minister Thangam Thennarasu on Friday presented the Medium Term Fiscal Plan, which stated the State government has planned to borrow ₹1,62,096.76 crore during 2025-26 and make repayment of ₹55,844.53 crore. Mr. Thennarasu said Tamil Nadu remains a key growth engine, driven by a robust manufacturing base, rapid expansion in the services sector, and sustained public and private …

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026
1 week, 3 days ago

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026

New Indian Express  

CHENNAI: The debt burden of the Tamil Nadu government will burgeon to ₹9,29,959.30 crore by March 31, 2026, according to the budget documents for the year 2025-26. In view of the revenue augmentation measures, including improvement in tax administration and collection efficiency, the revenue deficit is expected to reduce to ₹31,282.23 crore in 2026-27 and subsequently reduce further to ₹18,026.48 …

A State under severe financial stress
1 week, 4 days ago

A State under severe financial stress

The Hindu  

The Andhra Pradesh government presented a Budget of more than ₹3.22 lakh crore for FY2025-26. Public debt, the total amount of money that a government borrows to fund its spending, is estimated to increase to ₹1.02 lakh crore in FY2025-26. According to experts, the surge in public debt is largely due to “freebies, fewer tax revenues, and meagre capital expenditure.” …

Mahayuti avoids populist schemes in the first budget after returning to power
1 week, 6 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, 6 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 …

ICRA Projects 6.5% GDP Growth for India in FY26
2 weeks, 2 days ago

ICRA Projects 6.5% GDP Growth for India in FY26

Deccan Chronicle  

Chennai: ICRA estimates India’s GDP to grow by 6.5 per cent in FY26 against 6.3 per cent expected in FY25 as urban demand is likely to revive and the capex deployment by central and state governments may spur investment activity. Overall, ICRA expects the agri Gross Value Added growth at 3.5-4 per cent in FY26 after a 4.6 per cent …

Reverse capex drop, private finance stall for smooth growth
2 weeks, 3 days ago

Reverse capex drop, private finance stall for smooth growth

New Indian Express  

Private sector investments remain the missing link in India’s growth. Latest estimates show private sector capital expenditure fell to a three-year low of 11.2 percent in 2023-24, below the pre-Covid average of 11.8 percent. Between 2015 and 2020, investments stagnated at 29.9 percent owing to delays in project execution, the twin-balance problem and a high percentage of bad loans among …

A step backward for Odisha’s economy
2 weeks, 4 days ago

A step backward for Odisha’s economy

The Hindu  

The Bharatiya Janata Party government in Odisha presented the State Budget for 2025-26 in February, with a total Budget size of ₹2,90,000 crore. However, the BJP government’s fiscal performance over the last nine months has been unimpressive, giving an impression that its economic goals are like pie in the sky without an achievable action plan. Although the current borrowing is …

At post-Budget webinar, FM Nirmala Sitharaman focuses on timely implementations of announcements
2 weeks, 5 days ago

At post-Budget webinar, FM Nirmala Sitharaman focuses on timely implementations of announcements

The Hindu  

Union Finance Minister Nirmala Sitharaman on Tuesday said that her government is committed to ensuring the timely implementation of all Budget announcements made for the year 2025-26. Speaking at a post-Budget webinar hosted by the Department of Financial Services, the Finance Minister recounted how some of the announcements made in the July 2024 Budget have been implemented in a short …

Andhra Pradesh Budget: Welfare assured, growth guaranteed
3 weeks, 2 days ago

Andhra Pradesh Budget: Welfare assured, growth guaranteed

New Indian Express  

VIJAYAWADA: Finance Minister Payyavula Keshav on Friday presented the Andhra Pradesh Budget for 2025-26 in the Legislative Assembly with an outlay of Rs 3,22,359 crore. The revenue expenditure has been estimated at Rs 2,51,162 crore, while the capital expenditure has been shown at Rs 40,635 crore. The revised estimates of revenue expenditure for the financial year 2024-25 are Rs 2,24,342 …

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
Trending News
3 weeks, 2 days 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, 2 days 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, 2 days 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 …

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 …

Past capex and robust rural demand will propel India’s economic growth: SBICap
1 month ago

Past capex and robust rural demand will propel India’s economic growth: SBICap

Live Mint  

New Delhi: India’s economic growth over the next 15 months may benefit from the lagged impact of past capital expenditure and strong rural demand amid slowing consumer spending, SBI Capital Markets Ltd said in a report on Wednesday. SBICap added that private final consumption expenditure, or consumer spending, in India, which accounts for more than 60% of India’s real GDP, …

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
1 month ago

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI

Live Mint  

India Q3 GDP Growth: The State Bank of India estimates that India's gross domestic product grew 6.2-6.3 per cent in the December quarter of 2024-25. India Q3 GDP Growth Estimates SBI Research's October-December GDP estimates highlighted its in-house developed 'Nowcasting Model', which leverages 36 high-frequency indicators. India's GDP grew by 8.2 per cent during the financial year 2023-24 and continued …

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 …

Only empty promises, no specific roadmap, says Opposition on Union Budget
1 month, 1 week ago

Only empty promises, no specific roadmap, says Opposition on Union Budget

The Hindu  

Continuing the debate on the Union Budget in Parliament, MPs from the Opposition said the government had failed to resurrect India’s manufacturing sector, had given inadequate allocation for health and education, and lacked a roadmap to deal with the challenge of artificial intelligence. All that the Finance Minister said was that we are going to set up 100 centres of …

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 …

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM
1 month, 1 week ago

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM

Live Mint  

New Delhi: India is on course to making a speedy rebound and to retaining the tag of the fastest growing economy on account of its strong fundamentals and measures taken by the government, finance minister Nirmala Sitharaman told Parliament on Tuesday. I want to inform members, on account of strong economic foundation, a speedy rebound is happening and we shall …

‘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 …

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 …

Capex Shortfall May Slow EPC Growth in FY26
1 month, 2 weeks ago

Capex Shortfall May Slow EPC Growth in FY26

Deccan Chronicle  

Chennai: Considering the trend in recent years, the actual capex spend by the government may not meet the target in FY26 and this may see a subdued growth in the engineering, procurement and construction projects. In FY25, the capex spending increased just 7 per cent to Rs 10.2 lakh crore against the budgeted forecast of 17 per cent to Rs …

Budget 2025: Viksit Bharat a Pipe Dream Unless Education and Healthcare Spending Gets Proportionate Boost
1 month, 2 weeks ago

Budget 2025: Viksit Bharat a Pipe Dream Unless Education and Healthcare Spending Gets Proportionate Boost

The Hindu  

Published : Feb 06, 2025 17:19 IST - 5 MINS READ A close look at the budgetary numbers offers critical insights into government spending in two vital areas: education and health. Healthcare paints an equally dire picture where India is short by a staggering 2.4 million hospital beds, leaving millions without access to proper medical treatment. While at first glance …

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 …

Capital goods stocks rebound after 2-day slide, still well below recent highs
Trending News
1 month, 2 weeks ago

Capital goods stocks rebound after 2-day slide, still well below recent highs

Live Mint  

Capital goods stocks witnessed a sharp rally in today's trade, February 4, after being beaten down following the Union Budget 2025, due to concerns over weaker capex allocation. Capital goods stocks have faced selling pressure in recent months as the central government's capex spending slowed in the current financial year. Motilal Oswal cuts target multiples post budget With weaker capex …

‘Limited scope for high capex allocation’
1 month, 2 weeks ago

‘Limited scope for high capex allocation’

New Indian Express  

NEW DELHI: Dismissing the criticism over no increase in capex allocation in the Budget, the Department of Economic Affairs secretary Ajay Seth has said that there is enough going on capex. He said even if the direct allocation have not seen significant rise vis-a-via last year’s budget, effective capital expenditure is Rs 15.5 lakh crore, an 18% growth over last …

Fitch says Budget is neutral for growth
1 month, 2 weeks ago

Fitch says Budget is neutral for growth

The Hindu  

India’s 2025-26 Budget will be “broadly neutral” for growth prospects, and while its projections “appear realistic”, revenues could see some modest slippages amid the moderation in growth, warranting further restraint on expenditure, Fitch Ratings said on Monday. “Still, the pace of debt reduction is gradual, which leaves open downside risks from a large economic shock,” cautioned Jeremy Zook, director and …

A tightrope act: The budget does a good job of balancing divergent demands
1 month, 3 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 …

Indian stock market dips today, but history shows positive trend in 6 out of 9 post-Budget sessions
1 month, 3 weeks ago

Indian stock market dips today, but history shows positive trend in 6 out of 9 post-Budget sessions

Live Mint  

The Union Budget, which is also referred to as the Annual Financial Statement in Article 112 of the Constitution of India, is a major event for the domestic equity markets, as it has the power to shape the market direction for the following financial year. Each year, Indian markets typically react swiftly to the announcements made in the Union Budget, …

Centre will sustain capex: Expenditure secretary Manoj Govil
1 month, 3 weeks ago

Centre will sustain capex: Expenditure secretary Manoj Govil

Live Mint  

NEW DELHI : The central government will maintain its focus on capital expenditure in the final quarter of 2024-25, and the year ahead, despite a dip in the first half of the year, expenditure secretary Manoj Govil said on Monday. He said the central government remains committed to capital infrastructure spending, with grants-in-aid for capital assets set to rise to …

When consumption push and fiscal consolidation go hand in hand
Trending News
1 month, 3 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 …

Stocks to buy after Budget 2025: Maruti Suzuki, Bajaj Auto, ICICI Bank, BEL among top stock picks by Choice Broking
1 month, 3 weeks ago

Stocks to buy after Budget 2025: Maruti Suzuki, Bajaj Auto, ICICI Bank, BEL among top stock picks by Choice Broking

Live Mint  

Stocks to buy: The Union Budget 2025-2026 strikes a balance between fiscal prudence and economic stimulus. According to Utsav Verma, Head of Research – Institutional Equities, Choice International, no negative surprises or imaginative ways to fund the deficit is a big plus in the Budget 2025. Choice Institutional Equities believes that right stock selection across market caps remains very important …

Budget 2025: Today's consumption will fuel tomorrow's capex
1 month, 3 weeks ago

Budget 2025: Today's consumption will fuel tomorrow's capex

New Indian Express  

India's economic future hinges on a delicate balance: igniting consumption-led growth while maintaining fiscal discipline. The 2025 budget embraces this challenge, strategically deploying tax cuts and increasing purchasing power along with maintaining fiscal prudence. The budget catalyses the creation of a virtuous cycle, where consumption fuels demand, which in turn shall fuel investment. Investing in MSME Growth India's 57 million …

Budget 2025 overlooks joblessness
Trending News
1 month, 3 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. …

Beyond tax cuts, a closer read of the Union Budget
Trending News
1 month, 3 weeks ago

Beyond tax cuts, a closer read of the Union Budget

The Hindu  

The Union Finance Minister, Nirmala Sitharaman’s presentation of the Union Budget on Saturday, February 1, was against the backdrop of pressing macroeconomic challenges — persistently high taxes and unemployment squeezing the middle-income class, subdued private investment, mounting external vulnerabilities that threaten to derail the growth story, and a looming fiscal overhang. While the Finance Minister laid out an ambitious road …

Union Budget 2025: Tax break will give a fillip to slowing economy, says Centre
1 month, 3 weeks ago

Union Budget 2025: Tax break will give a fillip to slowing economy, says Centre

The Hindu  

The Centre’s decision to significantly slash the income tax payer’s burden was aimed at addressing some “angst” that the government had noticed in recent months as well as to give a fillip to the economy’s weakening growth impulses with a broad-based boost to demand, savings, and investments, Finance Secretary Tuhin Kanta Pandey told The Hindu on Sunday. While the government …

Budget 2025 - A fine blend of tax reforms and growth
1 month, 3 weeks ago

Budget 2025 - A fine blend of tax reforms and growth

Live Mint  

Finance minister Nirmala Sitharaman has delivered a realistic and positive punch to keep the economy progressing, especially with a strong push to boost urban consumption, at a very crucial time of challenges globally and domestically. The fiscal deficit target was brought down by 40 basis points to 4.4% of gross domestic product when geopolitical headwinds, global uncertainties, depreciating rupee, slowdown …

Budget 2025: What govt doubling down on infrastructure spending can achieve
1 month, 3 weeks ago

Budget 2025: What govt doubling down on infrastructure spending can achieve

India Today  

With an eye on the ripple effect it has on employment generation and attracting private capital, the Narendra Modi government has doubled down on massive public spending through infrastructure in Budget 2025, with large connectivity projects and urban redevelopment as the main focus. Amplifying capital spend by states, the Centre will also set up an Urban Challenge Fund of Rs …

This budget is remarkable for its fiscal restraint—apart from other aspects
Trending News
1 month, 3 weeks ago

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

Live Mint  

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

Finance minister Nirmala Sitharaman's eighth budget in eight points
1 month, 3 weeks ago

Finance minister Nirmala Sitharaman's eighth budget in eight points

Live Mint  

Nirmala Sitharaman had an unenviable task of boosting economic growth without compromising the fiscal consolidation efforts of the government when she presented her record eighth consecutive budget on Saturday. A mini bazooka Faced with a sharp fall in urban consumption which dragged economic growth down in the second quarter of this fiscal to just 5.4% of the gross domestic product …

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta
Trending News
1 month, 3 weeks ago

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta

Live Mint  

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax deductions, tax clarity on ULIP investments, and tax-free …

Ajit Ranade: The budget’s consumption stimulus will stand India in good stead
1 month, 3 weeks ago

Ajit Ranade: The budget’s consumption stimulus will stand India in good stead

Live Mint  

The big story of finance minister Nirmala Sitharaman’s record eighth budget was its consumption stimulus. Thanks to the recent hike in the exemption ceiling, it is possible that another 8 to 10 million people may be freed from income tax. These exaggerated demands also are due to the pressure of a ‘target collection’ approach that the income tax department seems …

Union Budget 2025: Govt dials up consumption and walks the fiscal talk
1 month, 3 weeks ago

Union Budget 2025: Govt dials up consumption and walks the fiscal talk

Live Mint  

FY26 budget has brought a big cheer for the middle class with the effective tax burden being reduced to zero for income up to ₹12 lakh per annum. The rise in durables consumption aided by such tariff interventions would help various manufacturing companies in India, along with the multiplier effect of generating better quality employment. Rate cuts would further help …

Budget 2025: Capex misses the mark, tax relief comes as an offset
1 month, 3 weeks ago

Budget 2025: Capex misses the mark, tax relief comes as an offset

Live Mint  

The Centre has been the bulwark of investments over the past five fiscals, building out infrastructure to stoke and sustain long-term economic growth. Two, direct interventions such as the production linked incentive schemes and the National Semiconductor Mission have generated strong investment interest, fostering domestic production, attracting foreign investment, and promoting a more competitive manufacturing landscape. As India undergoes a …

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