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Under the PM Awas Yojna (Rural) housing scheme, the government aims to facilitate construction of an additional 20 million houses over the next few years. File. | Photo Credit: Ranjeet Kumar India plans to increase state subsidies on rural housing in the upcoming Union Budget by as much as 50% from the previous year to…
Read More “Govt said to plan raise in rural housing subsidies by 50% after election setback” »
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, players demanded incentives in terms of affordable financing option and cheaper land for setting up hospitals in Tier 3 cities. File. | Photo Credit: ANI The healthcare industry on June 27 demanded incentives and increased allocations for the sector in the upcoming Budget. In a pre-Budget…
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Union Finance Minister Nirmala Sitharaman. | Photo Credit: PTI States have urged the Centre to make some improvements in the 50-year interest free loan scheme for pursuing capital investment projects, under which the Union government has proposed to give them ₹1.3 lakh crore this year, the same amount as 2023-24. Ministers from States made suggestions…
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Chief Economic Advisor to the Government of India, Dr. V Anantha Nageswara. | Photo Credit: SRINATH M With the economy regaining momentum, it is time for fiscal policy to step back, Chief Economic Adviser V. Anantha Nageswaran told The Hindu, explaining the interim Budget for 2024-25. Identifying some of the next generation reforms needed in…
Read More “States to play a critical role in next generation reforms: CEA Anantha Nageswaran” »
Union Finance Minister Nirmala Sitharaman presents the Interim Union Budget 2024 at the Lok Sabha of the Parliament House in New Delhi. | Photo Credit: ANI Union Finance Minister Nirmala Sitharaman on February 2 presented the interim budget for 2024, ahead of the upcoming general elections. With no dramatic pre-poll sops the Ms. Sitharaman stuck…
Read More “Highlights and key features of Interim Budget 2024” »
International Monetary Fund (IMF) Managing Director Kristalina Georgieva | Photo Credit: REUTERS The economic success of India is grounded in the pursuit of reforms over the last years, Managing Director of International Monetary Fund (IMF) Kristalina Georgieva said on February 1 exuding confidence that it would achieve its goal of being a developed nation by…
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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…
Union Finance Minister Nirmala Sithaman addresses the press conference after presenting the Union Interim Budget 2024 at Parliament, at the National Media Centre, in New Delhi on Thursday. | Photo Credit: ANI The Budget Estimate for the Union Minority Ministry remain almost unchanged with marginal increase for a couple of schemes and programmes. The budget…
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In a significant measure to bring jointness in the procurements of the armed forces, the Government has decided to consolidate the demand of the three services in the capital head of the defence budget based on similar items of expenditure such as land, aircraft and aeroengines, heavy and medium vehicles among others. In the interim…
