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In its latest monetary policy review earlier this month, the Reserve Bank of India (RBI) has projected a 7.2% GDP growth for 2024-25 as opposed to its earlier estimate of 7%, with retail inflation trending down to 4.5% from 5.4% averaged last year. | Photo Credit: Getty Images/iStockphoto The story so far: The National Statistical…
Read More “What is next for the Indian economy? | Explained” »
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: ANI Finance Minister Nirmala Sitharaman on May 27 said the Modi Government has reshaped the Union budget in the last 10 years from a mere record of expenditures to a strategic blueprint for equitable distribution. The Minister asserted that the government would continue to maximise the…
Read More “Modi Government reshaped Budget in last decade: Nirmala Sitharaman” »
Telangana’s Health, Medical, and Family Welfare Department’s budget outlay for the fiscal year 2024-25 saw a cutback compared to the previous year. The current budget stands at ₹ 11,500 crore, marking a decrease of ₹661 crore from the 2023-24 budget of ₹12,161 crore. While presenting the Budget, Finance Minister Bhatti Vikramarka Mallu acknowledged the success…
New Delhi: Union Finance Minister Nirmala Sitharaman speaks in Rajya Sabha during the Budget session of Parliament, in New Delhi, Friday, Feb. 2, 2024. | Photo Credit: PTI With an allocation of ₹22,137.95 crores in the interim budget 2024, the Micro, Small and Medium-Scale Enterprises (MSMEs) sector will see establishment of more clusters and new…
Read More “Interim Budget 2024 | Thrust for PM Vishwakarma Scheme, cluster projects for MSMEs” »
Watch | How did the stock market react? | Interim Budget 2024 Source link
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,…
Read More “Budget 2024 on welfare schemes: Expenditure cut or remain stagnant, say Left parties” »
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…
Read More “Budget 2024 | The pace of fiscal consolidation took everyone by surprise” »
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…
Read More “2024 Interim Budget | Biased in favour of rich: Chidambaram” »
The interim Budget saw an allocation of ₹13,000 crore for the Ministry of Tribal Affairs for the next fiscal year. | Photo Credit: BISWARANJAN ROUT The Estimates presented by Finance Minister Nirmala Sitharaman for financial year 2024-25 on February 1 left the budgets for Social Justice and Tribal Affairs Ministries largely unchanged with marginal increases…
The Ministry of Railways has been allocated ₹2.55 lakh crore for 2024-25. | Photo Credit: The Hindu With a thrust on investment in infrastructure, the Union Ministry of Railways has been allocated ₹2.55 lakh crore for the financial year 2024-25, up by 5.8% from last year’s allocation of ₹2.41 lakh crore. Union Railways Minister Ashwini…
Read More “Budget 2024 | Three economic rail corridors on the anvil” »
