Tag: Budget speech

Budget 2024: Fostering sustainable development and economic opportunities

July 23, 2024 admin

The Union Budget for 2024-25, in my view, has certainly drawn up a detailed roadmap and laid foundations for ‘Amrit Kaal‘ to pursue the goal of a ‘Viksit Bharat’. The government has articulated well its planning to foster long-term growth drivers for sustainable development, improvement in productivity, and creating opportunities for all. The Budget envisages sustained…

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Budget 2024: A blueprint for sustainable growth and employment

July 23, 2024 admin

R. Dinesh | Photo Credit: AFP I would like to congratulate the Finance Minister for laying a well-defined road map for Viksit Bharat 2047 while continuing the focus on the immediate requirement. While each of the nine tracks highlighted in the budget have many areas to appreciate, the focus on employment generation will be a…

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Budget 2024: Placing thrust on infrastructure

July 23, 2024 admin

Kumar Mangalam Birla | Photo Credit: PTI Finance Minister Nirmala Sitharaman accelerated the government’s thrust on the crucial infrastructure sector in her seventh successive Budget presentation and the first of PM Modi’s third term. A massive expansion in urban housing at an investment of ₹10 lakh crore, a rural roads programme worth ₹26,000 crore are among the…

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Budget 2024 | Government keeps focus on critical areas

July 23, 2024 admin

Jairam Varadaraj | Photo Credit: The Hindu The world is witnessing unprecedented disruptions and uncertainty. India, however, presents the promise of growth, stability, and opportunities for investment. 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…

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Union Budget 2024-25: Growth, reforms and infrastructure

July 23, 2024 admin

The 2024 Budget signals policy continuity. The economy and the fiscal situation are in fine fettle. We are targeting real growth rates of 7%+ whilst keeping fiscal deficit at 4.9% for the year gone by (versus the 5.1% indicated earlier) and reducing it further to 4.5% in the coming year. Reassuringly, we are continuing to…

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Union Budget 2024: A vision for inclusive growth and empowerment

July 23, 2024 admin

R. Nandini | Photo Credit: SPECIAL ARRANGEMENT The Union Budget presented by the Finance Minister on July 23 embodies an inclusive and progressive vision, effectively addressing the diverse concerns of various sectors of the economy. It not only recognises a significant portion of the recommendations put forth by economic advisers and experts but also places…

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Union budget focus on Bihar in tourism infra development

July 23, 2024 admin

Union Finance Minister Nirmala Sitharaman shows a red pouch carrying the Budget documents. | Photo Credit: PTI Loaded with political pragmatism, Union Finance Minister Nirmala Sitharaman on July 23 announced development of Vishnupath temple at Gaya and Mahabodhi temple in Bodhgaya, both in Bihar, on the model of the Kashi-Vishwanath temple corridor to turn them…

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Budget 2024: Budget proposes tech platform to strength IBC process, to set up more NCLTs

July 23, 2024 admin

Adding heft: The tech platform will increase the utility and efficiency of CIR process. Finance Minister Nirmala Sitharaman has proposed to set up an integrated technology platform to improve the outcomes under the Insolvency & Bankruptcy Code (IBC) for achieving transparency, consistency, timely settlement and better oversight of all resolution cases. She also said that…

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Budget 2024: Nirmala Sitharaman signals shift from earlier trickle-down strategy to a slew of schemes

July 23, 2024 admin

Presenting her seventh Union Budget and the first after this year’s Lok Sabha election, Finance Minister Nirmala Sitharaman on July 23 unveiled a flurry of measures aimed at fixing the woes of unemployed youth, small businesses, and the middle class, and sought to strengthen the ruling NDA coalition’s bonds with support for multiple investment projects…

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Budget 2024: Centre to launch PM Janjatiya Unnat Gram Abhiyaan for tribal welfare

July 23, 2024 admin

Finance Minister Nirmala Sitharaman on July 23 announced that the Union government will launch the PM – Janjatiya Unnat Gram Abhiyaan with an aim at achieving full saturation of basic facilities among five crore Scheduled Tribe families across 63,000 villages in tribal-majority areas and aspirational districts. The scheme, designed after the PM-JANMAN to achieve saturation…

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