Interim budget 2024-25: Govt stays the course on fiscal consolidation path
10 months, 3 weeks ago

Interim budget 2024-25: Govt stays the course on fiscal consolidation path

Hindustan Times  

The government is on the path of fiscal consolidation, finance minister Nirmala Sitharaman said in her interim budget speech, revising the fiscal deficit estimate for FY24 to 5.8% of GDP from 5.9% estimated in the budget last year, and reiterated her resolve to bring it below 4.5% by 2025-26, targetting 5.1% in FY25 on the back of buoyant tax collections and better targeting of expenditure. Recalling her budget speech of 2021-22, she said the government continues on the path of fiscal consolidation to reduce fiscal deficit below 4.5% by 2025-26. Controlling expenditure Presenting Union Budget for FY22 on February 1, 2021 -- when global economies were devasted by the Covid-19 pandemic and government’s support to life and livelihoods saw a surge in fiscal deficit to 9.5% of GDP -- Sitharaman said: “To ensure that the economy is given the required push… the fiscal deficit in BE 2021-2022 is estimated to be 6.8% of GDP… We plan to continue with our path of fiscal consolidation, and intend to reach a fiscal deficit level below 4.5% of GDP by 2025-2026 with a fairly steady decline over the period.” On Thursday, Sitharaman explained that the government brought down the fiscal deficit lower than expected “in spite of very challenging times” and as per the “announced consolidation path” with “transparency and prudence”, and expressed confidence in continuing the trend in future. “The government will continue to prioritise on improving the quality of expenditure and fiscal consolidation in the ensuing financial year and beyond,” it said.

Budget Consolidation Sitharaman Gdp Deficit Fiscal Path Fiscal Deficit Fiscal Consolidation Interim Budget  budget  interim  govt  course  gdp  fiscal  sitharaman  union  consolidation  45  202425  stays  path  deficit

History of this topic

Economists ask Finance Minister to focus on growth rather than fiscal consolidation
2 weeks, 3 days ago

Economists ask Finance Minister to focus on growth rather than fiscal consolidation

New Indian Express  

NEW DELHI: With the second quarter GDP growth falling to a 7-quarter low of 5.4%, economists have asked the government to shift its policy focus to growth rather than fiscal consolidation. In a pre-budget meeting with finance minister Nirmala Sitharaman on Friday, a delegation of economists suggested the government readdress the pace of fiscal consolidation and take measures to boost …

Budget 2024: Prioritising inclusivity and fiscal prudence
4 months, 4 weeks ago

Budget 2024: Prioritising inclusivity and fiscal prudence

The Hindu  

There was a lot of anticipation before this Budget. As the first major public policy announcement of the new government, it was expected that the Budget would lay down a plan of action for the following five years of the government’s approach towards the larger national vision of Viksit Bharat@2047. With the nine priority areas that followed, she articulated the …

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months ago

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO

Live Mint  

Finance minister Nirmala Sitharaman presented another balanced budget on Tuesday, one that addressed both the immediate and long-term needs of the country. Higher tax collections – gross tax collections rose 19.5% year-on-year – have give the FM room to allocate funds to numerous schemes that will benefit the poor. Providing free electricity to one crore households under PM Surya Ghar …

Budget 2024: Government keeps focus on critical areas
5 months ago

Budget 2024: Government keeps focus on critical areas

The Hindu  

The world is witnessing unprecedented disruptions and uncertainty. To avail of these opportunities, multiple steps were necessary: strong capital expenditure and infrastructure push by the Indian government; significant support to small and medium enterprises; job creation and skill development; and enhancing the purchasing power of both urban and rural Indian consumers. The announcements by the Finance Minister of schemes such …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months 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 …

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 …

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months 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 …

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?
5 months, 1 week ago

Union Budget 2024 Expectations LIVE: Will FM Nirmala Sitharaman Increase Section 80C Deduction Limit?

News 18  

Budget 2024 Expectations from Education Sector Union Budget 2024 Latest Updates: In the new globalised world, education has become the passport to progress and students across India are looking for opportunities. Budget 2024 Wishlist from Healthcare Sector Union Budget 2024 Latest Updates: Healthcare is a rapidly growing sector in the country but needs attention from the government to ensure access …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

India's fiscal consolidation likely to become challenging with coalition government: Fitch
6 months, 2 weeks ago

India's fiscal consolidation likely to become challenging with coalition government: Fitch

Hindustan Times  

India's medium-term fiscal consolidation is likely to get more challenging as a new coalition government comes to power, an analyst at credit rating agency Fitch, said on Friday, according to a Reuters report. "Our expectation is that the government will look to achieve the 4.5% fiscal deficit target by 2025-26," Jeremy Zook, director of Asia-Pacific sovereigns at Fitch told Reuters …

No cuts in Interim Budget allocations: Nirmala
10 months, 2 weeks ago

No cuts in Interim Budget allocations: Nirmala

Deccan Chronicle  

New Delhi: Exuding confidence in India’s economic growth, Union finance minister Nirmala Sitharaman on Wednesday said that all the allocations have not been cut under any head in the interim Budget for 2024-25, rather it has either remained the same or gone up in FY25 Budget in the flagship schemes. Meanwhile, the Lok Sabha also passed the Rs 47.66-lakh-crore interim …

The budget does well on both the big Cs: Capex and consolidation
10 months, 2 weeks ago

The budget does well on both the big Cs: Capex and consolidation

Live Mint  

Emphasis on the two big Cs—Capex and Consolidation—was the hallmark of India’s interim budget for 2024-25. The government’s concerted focus on capex-led growth has kept the economy in good stead, aiding its emergence as the fastest-growing major economy in the world for three consecutive years by logging 7%-plus real gross domestic product growth. The budget ticked all the boxes on …

Interim Budget 2024 — in campaign mode
10 months, 3 weeks ago

Interim Budget 2024 — in campaign mode

The Hindu  

Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. That has been true of this year’s Interim Budget as well, which focused on all the “welfare” schemes, in areas varying from housing to food, which have been largely attributed to the Prime Minister. For example, …

Budget 2024: It’s tax buoyancy that shrank the deficit
10 months, 3 weeks ago

Budget 2024: It’s tax buoyancy that shrank the deficit

Live Mint  

A quick glance at the fiscal arithmetic reveals that there is no severe fiscal austerity proposed in the budget. Given nominal GDP growth of 10.5% and aggregate tax revenue growth of 11.5%, the government has met its fiscal deficit target through tax buoyancy, and not through severe public expenditure reduction. As against a 2023-24 Budget Estimate of ₹61,000 crore, the …

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget
10 months, 3 weeks ago

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman presented the 2024 Interim Budget in Parliament today, ahead of the Lok Sabha elections expected to be held mid-year. On the direct taxation front, Ms. Sitharaman proposed to withdraw outstanding tax demands up to ₹25,000 for the period up to the financial year 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15. On the …

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth
10 months, 3 weeks ago

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth

Firstpost  

The Confederation of Indian Industry welcomed the Budget 2024 and the step by the Indian government step towards increasing capital expenditure by almost 11 per cent. In the Interim Budget 2024, the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore for financial year 2024-25. Our recommendation initially was a 5.4 per cent …

Budget 2024: No major change in prices; Check list of what’s cheaper & dearer
10 months, 3 weeks ago

Budget 2024: No major change in prices; Check list of what’s cheaper & dearer

Live Mint  

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024 in the Parliament today, February 1, which kept the major focus on India's macroeconomic growth and fiscal consolidation. Since 2024 is an election year, with Lok Sabha Elections expected in April-May, the finance minister unveiled an Interim Budget or a Vote on Account in February, rather than a comprehensive annual budget. …

2024 Interim Budget | Net zero gain for job guarantee scheme
10 months, 3 weeks ago

2024 Interim Budget | Net zero gain for job guarantee scheme

The Hindu  

With allocation of ₹86,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme, the budget for the scheme for the financial year 2024-25 has been hiked by ₹26,000 crore in comparison to the 2023-24 Budget estimates, though it is the same as the revised estimates for the ongoing financial year. In the 2023 Budget, only ₹60,000 crore was allocated …

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman
10 months, 3 weeks ago

Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-2025 in the Lok Sabha on February 1. Highlighting the achievements of the Modi Government for the past 10 years, Ms. Sitharaman left the tax slabs unchanged and stuck to the convention of not making any major announcements while presenting the interim Budget. The Interim Budget 2024-25 will be a vote-on-account that …

Budget 2024 Highlights: Delhi Minister Atishi slams ‘jumla govt’
10 months, 3 weeks ago

Budget 2024 Highlights: Delhi Minister Atishi slams ‘jumla govt’

Live Mint  

Finance Minister Nirmala Sitharaman on Thursday asserted that the BJP-led government at the Centre has worked with an approach to development that is "all-round, all-inclusive and all-pervasive" and said that the trinity of "Democracy, Demography and Diversity" can help fulfil the aspirations of every Indian. Finance Minister Nirmala Sitharaman while presenting her sixth Budget ahead of the Lok Sabha polls, …

Interim Budget 2024: How is the interim Budget different from the Annual Budget?
10 months, 3 weeks ago

Interim Budget 2024: How is the interim Budget different from the Annual Budget?

Live Law  

Today, Finance Minister Nirmala Sitharaman will introduce the Interim Budget 2024. All About Previous Interim Budget Similar to this year, former Finance Minister Piyush Goyal presented the previous interim budget in 2019. Although Goyal made several significant adjustments to that year's interim budget, interim budgets are generally thought to include no significant policy changes. Some of the key announcements previous …

Interim Budget 'guarantee of strengthening foundation of Viksit Bharat': PM Modi
10 months, 3 weeks ago

Interim Budget 'guarantee of strengthening foundation of Viksit Bharat': PM Modi

India Today  

Prime Minister Narendra Modi on Thursday described the interim Budget 2024-25 as "innovative" and a "confidence of continuity" and said it was a guarantee to strengthen the foundation of a Viksit Bharat by 2047. In a video statement, PM Modi said the interim Budget was a reflection of the "young aspirations of a young India" and would empower the four …

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor
10 months, 3 weeks ago

Budget 2024: PM Modi says this Budget will empower women, youth, farmers and poor

India TV News  

Applauding the 'progressive budget' presented by Union Finance Minister Nirmala Sitharaman, Prime Minister Narendra Modi said that the interim Budget has given the guarantee of a Vikishit Bharat by 2047. PM Modi said that this interim budget is inclusive and innovative and has confidence of continuity. PM Modi said, adding, "This interim budget is inclusive and innovative. Meeting the needs …

Budget may focus on welfare, infra, adhere to fisc glide path
10 months, 3 weeks ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

Budget 2024: What to expect from government's pre-election budget
10 months, 3 weeks ago

Budget 2024: What to expect from government's pre-election budget

India Today  

The upcoming Interim Budget 2024-25 will be India's final budget before the upcoming Lok Sabha elections, and Prime Minister Narendra Modi is likely to focus on winning over voters. What to expect in the budget The focus is expected to be on the pace of fiscal consolidation and policy priorities for the future, Madhavi Arora, an economist with Emkay Global …

Budget 2024: 5 key changes we can expect this year
10 months, 3 weeks ago

Budget 2024: 5 key changes we can expect this year

Firstpost  

On February 1, Finance Minister Nirmala Sitharaman is scheduled to deliver the Union Budget 2024–25. Thus, let’s examine five important charts that provide insight into the interim Budget’s chances before it is announced: Total Revenue vs Expenditures Revenue and spending are the most frequently followed budget metrics, particularly in relation to the growth of the economy. In spite of nominal …

Interim Budget to focus on Viksit Bharat
10 months, 3 weeks ago

Interim Budget to focus on Viksit Bharat

Hindustan Times  

The interim budget to be tabled in Parliament on February 1 is likely to present a report card of the decade-old central government, provide relief to the middle class, announce measures to check inflation, continue key subsidies, focus on agriculture, incentivise manufacturing, strive for saturation of welfare schemes, take forward the mission to build a $5 trillion economy by 2027-28 …

Budget 2024: What is an interim budget? How is it different from regular one?
11 months ago

Budget 2024: What is an interim budget? How is it different from regular one?

Hindustan Times  

Union finance minister Nirmala Sitharaman will present the interim budget for 2024-25 on February 1. The full Budget for the fiscal year 2024-25 will be introduced after the formation of the new government following the general elections. Last December, Sitharaman ruled out any “spectacular announcement” for her sixth budget on February 1 this year, saying it would simply be a …

Interim Budget 2024: Date, time, all you need to know
11 months, 1 week ago

Interim Budget 2024: Date, time, all you need to know

India Today  

Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024-2025 on February 1, 2024, at 11:00 am in the Parliament. An interim budget, unlike the comprehensive annual budget, is a short-term measure covering the fiscal year's initial months. It serves as a temporary financial plan, ensuring government expenses and operations continue until a new government is formed, or …

Budget 2024: 5 essential questions for investors answered by Goldman Sachs
11 months, 1 week ago

Budget 2024: 5 essential questions for investors answered by Goldman Sachs

Live Mint  

Budget 2024: Goldman Sachs in its report on FY25 interim budget say that interim budget is likely to follow the fiscal consolidation path Three key things for investors to look out for in the interim budget as per Goldman Sachs include: a) the government’s commitment to the medium-term fiscal consolidation path, b) if capex growth can continue with fiscal consolidation, …

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%
11 months, 1 week ago

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%

India Today  

As India gears up for its 2024/25 budget, there are indications that the government is planning to reduce its budget deficit by at least 50 basis points from the current year's target of 5.9 per cent of Gross Domestic Product. Devendra Pant, an economist at India Ratings, was quoted in the report saying that reducing the government's money shortage and …

Finance Ministry initiates Budgetary exercise for 2024-25
1 year, 3 months ago

Finance Ministry initiates Budgetary exercise for 2024-25

Live Mint  

.The process to prepare the interim Budget for 2024-25 by inviting inputs on expenditure from different ministries and departments has been started by the Finance Ministry, PTI reported on Monday. "Pre-budget meetings chaired by Secretary shall commence in the second week of October 2023.shall continue till around mid-November, 2023," according to the Budget Circular of the Budget Division under the …

Govt meets 6.4% fiscal deficit target for FY23
1 year, 6 months ago

Govt meets 6.4% fiscal deficit target for FY23

Hindustan Times  

The Union government met its fiscal deficit target of 6.4% of the gross domestic product for 2022-23 on the back of robust tax revenue despite higher revenue expenditure, particularly on account of subsidies and interest payments, official data released on Wednesday showed. Fiscal deficit indicates government’s borrowing to meet the gap between revenue receipts in a particular financial year and …

Explained | Is the government on track on fiscal deficit targets?
1 year, 10 months ago

Explained | Is the government on track on fiscal deficit targets?

The Hindu  

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit to 5.9% of gross domestic product in FY24, compared with 6.4% in FY23. In Union Budget 2023-24, the fiscal deficit to GDP is pegged at 5.9% in FY24. The primary deficit, which …

A balance between capital outlays and fiscal prudence
1 year, 10 months ago

A balance between capital outlays and fiscal prudence

The Hindu  

The Budget comes at a time when the government faces a delicate balancing act between expenditure priorities and the need for fiscal prudence as it is the last full Budget before the general elections. There are five issues that need to be analysed in this Budget — three from a growth and fiscal stability perspective and two from a welfare …

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry
1 year, 10 months ago

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

The Hindu  

The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation, encouraging savings and investments, and fiscal consolidation. The government needs …

Budget 2023 | Choosing the path of prudence and continuity: T.T. Srinivasaraghavan
1 year, 10 months ago

Budget 2023 | Choosing the path of prudence and continuity: T.T. Srinivasaraghavan

The Hindu  

The number of economists in India on January 31 is 842, on February 1, it’s 2,87,329. on Feb. 2, it rises to 3,34,569 and on Feb. 3, it is back to 842!” says a WhatsApp message doing the rounds. The increased outlays of ₹10 lakh crore for infrastructure and ₹2.4 lakh crore for the Railways are particularly noteworthy and demonstrate …

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 …

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report
1 year, 10 months ago

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

ABP News  

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

Budget 2023 may peg gross borrowing under ₹16 trillion: Report
1 year, 10 months ago

Budget 2023 may peg gross borrowing under ₹16 trillion: Report

Live Mint  

India's federal government is likely to keep its gross market borrowing below ₹16 trillion for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The government has so far raised ₹12.93 trln up to Jan. 27, which is 91% of the overall gross borrowing target of ₹14.21 …

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal
1 year, 10 months ago

Budget 2023 | Finance Ministry to stick to privatisation of already announced CPSEs next fiscal

The Hindu  

The Finance Ministry will move ahead with the already-announced and planned privatisation of State-owned companies in the next fiscal, and the chances of the new addition to that list of CPSEs in the Budget for 2023-24 is unlikely, sources said. Nangia Andersen LLP, Partner- Government and Public Sector Advisory, Suraj Nangia said: "The privatization process often takes time, depending on …

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target
1 year, 11 months ago

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target

ABP News  

Finance Minister Nirmala Sitharaman is going to present the last full-fledged Budget of the Modi 2.0 government on February 1 amid a gordian knot of challenges facing the world economy. The government has pencilled in a fiscal deficit target at 6.4 per cent of the GDP for the current financial year for stronger and sustainable growth. The target is consistent …

What India may get from this budget
1 year, 11 months ago

What India may get from this budget

Hindustan Times  

As we approach the 2023-24 Union Budget, it is difficult to deny that India’s fiscal position, the banking system, and economic recovery appear to be much better than what one may have feared in March 2020. Indeed, the improvement in India’s tax-to-Gross Domestic Product ratio, which is often attributed to an unequal recovery with larger corporations gaining market share, has …

Chandrajit Banerjee | India needs ‘growth’ Budget as global risks get amplified
1 year, 11 months ago

Chandrajit Banerjee | India needs ‘growth’ Budget as global risks get amplified

Deccan Chronicle  

The forthcoming Union Budget, to be presented in Parliament by finance minister Nirmala Sitharaman on February 1, will be the first real post-Covid Budget and the last full-year Budget before the general election is announced. As per the latest government numbers, the economy remains on track to achieve the fiscal target of 6.4 per cent of GDP on the back …

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report
2 years ago

Budget 2023: Ahead Of 2024 Elections, Govt Likely To Continue Fiscal Consolidation, Says Report

ABP News  

The Narendra Modi government is expected to remain on the path of fiscal consolidation in the last full Budget before the 2024 elections. According to the survey, more than 80 per cent of the economists said that fiscal consolidation was likely to be the dominant theme in the budget to be announced on February 1. But the pandemic severely affected …

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 …

India seen boosting budget spending on infrastructure
2 years, 10 months ago

India seen boosting budget spending on infrastructure

Deccan Chronicle  

NEW DELHI: India plans to raise spending on infrastructure in its annual budget next week to set the economy on a firmer footing, but fiscal constraints leave little chance of concessions for households hurting from the pandemic, officials said. Yet these are likely to be overshadowed by spending to beef up transport and healthcare networks, which analysts estimate could rise …

Budget 2022: FM may seek to balance growth and consolidation beyond COVID, feels Radhika Rao of DBS Group Research
2 years, 11 months ago

Budget 2022: FM may seek to balance growth and consolidation beyond COVID, feels Radhika Rao of DBS Group Research

Firstpost  

DBS Research Group’s Radhika Rao feels that above-target revenue and strong nominal GDP are expected to help absorb the increase in spending, keeping FY22 deficit at -6.8 percent of GDP Radhika Rao, Senior Economist at DBS Group Research, feels that besides managing the COVID-19 pandemic, this Budget will seek to strike a balance between growth and consolidation. “We also remain …

Budget 2022: India set for modest fiscal consolidation amid slow economic recovery
2 years, 11 months ago

Budget 2022: India set for modest fiscal consolidation amid slow economic recovery

Firstpost  

The government is expected to lower its fiscal deficit target modestly in the next financial year given the pressure its revenue sources may face and the imperative of providing a boost to the rural economy ahead of elections in five states After Budget 2020 was blown apart in a couple of months by the onset of the coronavirus pandemic, Finance …

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