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Congress leader Jairam Ramesh. File | Photo Credit: PTI The government has only committed to “half-hearted” steps of registering gig workers on e-SHRAM and including them under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, the Congress said on Sunday (February 2, 2025) and asserted that India needs a national legal and social security architecture…
This piece analyses the Union Budget 2025-26 for its employment generating impact from both a macro-economic as well as a micro-economic perspective. It does it by examining two sets of proposals: the first is the flagship personal income tax (PIT) slabs revision; and second, the ‘schemes’ announced in the classic government way for translating budget…
Read More “Union Budget 2025: Job schemes don’t look promising” »
The Union Budget 2025-26 earmarked ₹6.81 lakh crore — or 13.4% of total Central government expenditure — for the Ministry of Defence (MoD). Of the MoD’s total budget, ₹4.92 lakh crore, or 72%, is meant for the Defence Services (primarily the Army, Navy, Air Force and the Defence Research and Development Organisation). About ₹1.61 lakh…
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India stands at a defining moment, where AI-driven innovation, digital infrastructure, and a future-ready workforce will determine its global leadership in the digital economy. The Union Budget 2025 is more than a fiscal plan — it is a bold blueprint for a stronger Digital India, prioritising technology-led development, AI-driven modernisation, and inclusive economic growth. As…
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This Budget is the first step to Viksit Bharat 2047. Economists have stated that unless the GDP grows by 7.5% continuously for the next 25 years, the dream of Viksit Bharat will remain unrealised, and India will remain in the middle-income trap. With the backdrop of slowing growth (FY 2025 growth expected at 6.4%), India…
Read More “Union Budget 2025: Long march to Viksit Bharat has begun” »
R. Nandini, Chairperson, CII, Southern Region says announcements in the 2025 Budget embody the government’s vision of empowering the economy, creating jobs, and driving sustainable growth | Photo Credit: The Hindu Today’s Budget, announced by Union Finance Minister Nirmala Sitharaman, has received an overwhelmingly positive response from across the nation. Presenting her eighth consecutive Budget,…
Cover for all: The reform is about reshaping insurance landscape to ensure every individual, business can access risk protection | Photo Credit: Sushil Kumar Verma Finance Minister Nirmala Sitharaman on Saturday said the foreign direct investment (FDI) limit for the insurance sector will be raised from 74% to 100%. However, the “enhanced limit will be…
Read More “Union Budget 2025: Government to remove FDI cap for insurers” »
Photo used for representation purpose only. | Photo Credit: Getty Images/iStockphoto The Union Budget announced an Export Promotion Mission with an outlay of ₹2,250 crore to facilitate easy access to export credit, cross-border factoring support, and help MSMEs tackle non-tariff measures in overseas markets. The Mission, with sectoral and ministerial targets, will be driven jointly…
Union Fianance Minister Nirmala Sitharaman addresses the media on Budget at National Media Centre, in New Delhi on February 1, 2025 | Photo Credit: Sushil Kumar Verma Union Finance Minister Nirmala Sitharaman on Saturday (February 1, 2025) proposed several financial sector reforms to ease compliance, expand services, build robust regulatory environment, promote international and domestic…
Read More “Union Budget 2025: Sitharaman proposes many reforms to lift investor mood” »
Union Minister Ashwini Vaishnaw | Photo Credit: The HIndu The basic customs duty of 2.5% imposed on certain smartphone components has been scrapped, following a glide path recommended by the electronics manufacturing industry last year. Mobile phones are fast emerging as India’s top export commodity, reaching $15.6 billion last year. Slabs for components had been…
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