Tag: Union Budget

Healthcare sector demands incentives and increased allocations in upcoming Budget

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Healthcare sector demands incentives and increased allocations in upcoming Budget

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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States seek improvements in 50-year interest-free loan scheme

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States seek improvements in 50-year interest-free loan scheme

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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States to play a critical role in next generation reforms: CEA Anantha Nageswaran

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States to play a critical role in next generation reforms: CEA Anantha Nageswaran

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…

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Highlights and key features of Interim Budget 2024

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Highlights and key features of Interim Budget 2024

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…

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Success of India grounded in pursuit of reforms over last years: IMF MD

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Success of India grounded in pursuit of reforms over last years: IMF MD

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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2024 Interim Budget | Biased in favour of rich: Chidambaram

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2024 Interim Budget | Biased in favour of rich: Chidambaram

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…

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2024 Interm Budget | Allocations for Social Justice and Tribal Affairs Ministries see a marginal increase

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2024 Interm Budget | Allocations for Social Justice and Tribal Affairs Ministries see a marginal increase

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…

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2024 Interim Budget | Allocation for Minority Ministry remains same

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2024 Interim Budget | Allocation for Minority Ministry remains same

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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2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation

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2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation

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…

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Honourable mention for bioeconomy in Interim Budget, with trillion-dollar potential in mind

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Honourable mention for bioeconomy in Interim Budget, with trillion-dollar potential in mind

Union Finance Minister Nirmala Sitharaman addresses the post-Budget press conference, in New Delhi, Thursday, Feb. 1, 2024. | Photo Credit: PTI In her speech for the 2024-2025 Budget, Finance Minister Nirmala Sitharaman spoke of “a new scheme of bio-manufacturing and bio-foundry” to provide “environment-friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs”. The announcement…

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