Category: Business

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A political, feel-good statement – The Hindu

February 1, 2024 admin

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…

Business

Ignoring an agricultural sector in distress

February 1, 2024 admin

A potato farm on the outskirts of Varanasi. | Photo Credit: AFP The report released by the Finance Ministry and the vote-on-account presented by the Finance Minister are concerned more about portraying a glowing image of the government than about the financing plans for 2024-25. For the same reason, one is constrained to confine the…

Business

Interim Budget 2024 — in campaign mode

February 1, 2024 admin

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. Doubts that this would be anything more than a vote-on-account had been settled when Prime Minister Narendra Modi publicly declared that “when polls are this close, the government presents an interim…

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The problem of moving attention away from services

February 1, 2024 admin

MGNREGS workers in Purulia. File In her speech, the Finance Minister focused on the government’s broad achievements over the last 10 years and also gave some indications for what might be in store in the coming years, in terms of new expenditures (assuming that the NDA comes back to power). The Budget, a vote on…

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A case of capex under the ‘macroscope’

February 1, 2024 admin

‘The FY25 interim Budget carries forward the ethos of public capex a notch higher, thereby bolstering the government’s commitment to high quality spending’ | Photo Credit: REUTERS India’s economic recovery in the early post COVID-19 pandemic phase was distinctly underscored by a strong performance in exports and domestic investments. While exports benefitted from an easing…

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Interim Union Budget 2024 | Taxes

February 1, 2024 admin

Union Finance Minister Nirmala Sitharaman with Pankaj Chaudhary (Left) and Bhagwat Kishanrao addressing the media on Union Interim Budget at National Media Centre, in New Delhi on Thursday. | Photo Credit: Sushil Kumar Verma While maintaining the status quo with respect to direct and indirect taxes, Union Finance Minister Nirmala Sitharaman, in the interim Budget…

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Interim Union Budget 2024 | Infra outlays

February 1, 2024 admin

Curious people seen watching the live budget speech telecast from Parliament House, as the Finance Minister Nirmala Sitharaman presented Union Budget 2024 in Parliament. | Photo Credit: Sushil Kumar Verma As Finance Minister Nirmala Sitharaman presented the Interim Union Budget 2024 on February 1, 2024, The Hindu reports on infra outlays. Allocations for Railways, Road…

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Interim Union Budget 2024 | Economy

February 1, 2024 admin

Union Finance Minister Nirmala Sitharaman holding a folder-case containing the Interim Budget 2024 in New Delhi on Thursday. Are also seen Ministers of State Bhagwat Kishanrao Karad and Pankaj Chaudhary, and other officials at North Block Finance Ministry. February 1, 2024. | Photo Credit: SHIV KUMAR PUSHPAKAR The Interim Union Budget 2024, was presented by…

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2024 Interim Budget | Biased in favour of rich: Chidambaram

February 1, 2024 admin

Former Finance Minister and Congress leader P Chidambaram addresses the media regarding the Union Interim Budget 2024 during a press conference, in New Delhi on Thursday. | Photo Credit: ANI India’s demographic dividend has been “destroyed” as the BJP-led National Democratic Alliance’s approach to the economy “is biased in favour of the rich”, Congress leader…

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