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New Delhi: The Union Budget 2025-26 has allocated Rs 1,024.30 crore for expenses incurred by the Council of Ministers, the Cabinet Secretariat and the Prime Minister’s Office, and for hospitality and entertainment of state guests. The allocated amount is a bit more than the Rs 1,021.83 crore earmarked in 2024-25. In the Budget presented by…
Read More “Budget Allocates Rs 1,024 Crore For Ministers’ Salaries” »
Though Telangana submitted a wish-list of requirement for various projects, it drew a blank in the Union Budget 2025-26. The image is used for representative purposes only. | Photo Credit: Getty Images For the second successive year, Telangana got short shrift in the Union Budget with almost zero allocation for any of the projects for…
Read More “Union Budget 2025-26 leaves Telangana sulking for the second year in a row” »
On February 1, 2025, Finance Minister Nirmala Sitharaman unveiled her record eighth Union Budget in the Indian Parliament, setting a progressive roadmap for India’s transformation into ‘Viksit Bharat’ by 2047. This budget, which encompasses a comprehensive strategy with a focus on agriculture, MSME, investment, and exports, will significantly stimulate economic growth while addressing both immediate…
New Delhi: To boost urban infrastructure, Union Finance Minister Nirmala Sitharaman on Saturday announced that the government will set up an Urban Challenge Fund of Rs 1 lakh crore to implement the proposals for ‘cities as growth hubs’, ‘creative redevelopment of cities’ and ‘water and sanitation’. Presenting the Union Budget 2025-26, Sitharaman said the fund…
Read More “Finance Minister Announces Rs 1 Lakh Crore Fund To Ramp Up Urban Infrastructure” »
Currently, four VVER 1,000-MWe reactors are being built at the KKNPP site. | Photo Credit: The Hindu Boosting state’s power distribution and opening the nuclear power sector was announced by Union Finance minister Nirmala Sitharaman in her eighth Budget speech on Saturday (February 1, 2025). She announced incentivisation of distribution reforms to help the financial…
Drafting the Union Budget is an extensive and collaborative process. As Finance Minister Nirmala Sitharaman prepares to present her eighth consecutive Budget on February 1, the stakes are high. With a projected 6.4 per cent growth rate and persistent inflation concerns, the 2025-26 Budget will need to balance economic progress with fiscal stability. Ms Sitharaman…
Read More “Meet Nirmala Sitharaman’s Core Team Behind The Making Of Union Budget 2025” »
New Delhi: With food inflation having peaked out and the government trying to accelerate capex spending, the Indian economy is growing steadily and upcoming Union Budget and Donald Trump 2.0 hold key to market returns, according to a report on Monday. Rural demand is showing a sustained recovery. The festival and wedding season has provided…
Read More “Indian Economy Growing Steadily, Budget, Trump 2.0 Hold Key To Market Returns: Report” »
Covering a wide spectrum of Indian sectors, the first Union Budget of Modi 3.0 focused on MSMEs, employment, skilling, youth, and the middle class. Yet, the Budget as such has failed to address several concerns of the real estate sector, including direct incentives to boost the affordable housing sector. It was widely anticipated that affordable…
Read More “Union Budget 2024: Real estate sees marginal benefits” »
There is always a lot of anticipation ahead of a Union Budget announcement in India. Experts and others had plenty to say about what the finance minister should prioritise: cutting taxes, boosting capital expenditure, or reducing spending on social welfare, often seen as freebies. This time, there was a surplus of advice on how the…
Read More “Fiscal Prudence And Move Towards A Simplified Tax Structure” »
New Delhi: The government’s flagship apprenticeship programme, which has become contentious after Congress claims of plagiarism, has some crucial fine print that Union finance minister Nirmala Sitharaman made clear at a post-budget interview today. Two are of particular interest — to the employees and their employers. While the government is willing to provide the first-timers…
Read More “Budget 2024: The Fine Print In Government’s Jobs Scheme: Nirmala Sitharaman Explains” »