Month: February 2024

Increased infra spend to have multiplier effect says Tata Steel MD

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The announcement to increase the capital expenditure on infrastructure would have a multiplier effect on the nation’s overall economy, said Narendran, CEO and MD, of Tata Steel in his reaction to the interim budget which was presented by Finance Minister Nirmala Sitharaman on Thursday.  “The continued expansion of rural housing along with the proposal to develop three…

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Budget 2024 on welfare schemes: Expenditure cut or remain stagnant, say Left parties

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CPI (M) leader Sitaram Yechury and CPI leader D. Raja. File photo | Photo Credit: SHIV KUMAR PUSHPAKAR In a bid to reduce the fiscal deficit, the Union government has cut down on expenditure that has led to welfare schemes and capital expenditure being curtailed and this would negatively impact future growth and economic fundamentals,…

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Budget 2024 | The pace of fiscal consolidation took everyone by surprise

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Namrata Mittal | Photo Credit: Special Arrangement The 2024 Budget is a vote on account Budget, implying limited parliamentary discussion and hence an avoidance to tax modification at large. The primary objective is to seek permission to spend and collect receipts until the new government is formed. The underlying theme was clearly fiscal consolidation with…

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Budget 2024 | Expansion of capex outlay will boost infra sector

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The Interim Union Budget 2024, laid out by Finance Minister Nirmala Sitharaman on February 1, 2024, introduced several inclusive and growth-oriented measures that will foster sustainable and all-round development of the country. With a focus on delivering governance, development and performance, the Interim Budget focused on ensuring continuity of earlier reforms while also laying down…

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Budget 2024 | An action-oriented Budget, with the mantra of reforming, performing and transforming India

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File photo of Arunchati Bhattacharya, CEO & chairperson Salesforce India | Photo Credit: The Hindu India has showcased a robust and resilient growth story driven by perseverance, ingenuity, and vision. The 2024 interim Budget is an action-oriented one, with the mantra of reforming, performing, and transforming India. It is a Budget of confidence. It promises…

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Budget 2024: Prudent as expected with promise of bigger things

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Nirmal Jain | Photo Credit: Special Arrangement Days before she was to deliver the Interim Budget for 2024, Finance Minister Nirmala Sitharaman dropped some hints on what to expect from her speech. She said that the government would orient its policies towards improving the lot of four main interest groups: women, the youth, farmers and…

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2024 Interim Budget | After PM Modi’s call, Centre’s measure for social justice progress focuses on poor, women, youth, and farmers

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Union Finance Minister Nirmala Sitharaman addressing the media on Union Interim Budget at National Media Centre, in New Delhi. | Photo Credit: Sushil Kumar Verma In Finance Minister Nirmala Sitharaman’s Interim Budget speech months before the country goes to the Lok Sabha election, the Narendra Modi-led government’s social justice plank is clearly spelt out with…

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A political, feel-good statement – The Hindu

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A worker at the First Solar manufacturing facility in Sriperumbudur. | Photo Credit: AFP Often, Budget speeches are political statements — more so, with impending general elections. There is a lot less to expect from an interim Budget. The Finance Minister’s Budget speech was short in substance and loud in claiming credit for the decade…

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