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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…
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New Delhi: A day after she presented Budget 2024, Finance Minister Nirmala Sitharaman today countered the Opposition’s allegations of discrimination in allocation, saying that every state cannot be named in the Budget speech. Addressing Rajya Sabha after the Opposition staged a walkout, Ms Sitharaman said, “It is unfortunate that the Opposition, particularly a senior leader…
Monsoon Session Updates: The discussion over budget is expected to start in the second half of the day. New Delhi: Lok Sabha and Rajya Sabha will hold a discussion on Union Budget today, day after Finance Minister Nirmala Sitharaman presented the Union Budget in Parliament. A general discussion on the budget for the Union Territory…
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Anita Subhadarshini, BJP MP, Aska (Odisha), raises question over Aska constituency being deprived of the railway service. She questions, “When will a final DPR will be sanctioned for the project?” Replying to the question, Ashwini Vaishnaw, Union Railway Minister says, “The funds allocation and progress of work in Odisha has seen huge increase in the…
Congress chief ministers will also boycott the NITI Aayog meeting scheduled for July 27. New Delhi: INDIA bloc parties will stage protests in and outside Parliament today against what they describe as “discrimination” against opposition-ruled states in the recently unveiled Union Budget. The high-level meeting saw participation from several prominent leaders, including the Leader of…
Union Finance Minister Nirmala Sitharaman receives a warm welcome from BJP women workers on her arrival, at the party headquarters, in New Delhi on Tuesday. | Photo Credit: ANI Budget 2024: Nirmala Sitharaman signals shift from earlier trickle-down strategy to a slew of schemes Presenting her seventh Union Budget and the first after this year’s…
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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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…
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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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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