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- Feed Preview | The Hindu
Decoding India’s economic realities: Comparing the state of the economy under the NDA and UPA governments
Official data on the real economy under the NDA regime has been criticised from several quarters for overestimating its own macroeconomic performance and undervaluing that of the UPA regime
Telangana Budget 2024 updates | Congress government’s first budget is vote-on-account
Finance Minister Bhatti Vikramarka Mallu says Budget focuses on people’s overall development, progress and their happiness.
Parliament Budget Session Day 7 | Appropriation bills, Fina...ok Sabha after RS vote; Parliament passes Water pollution bill
Finance Minister Nirmala Sitharaman tabled a white paper in Lok Sabha which claims ‘UPA made Indian economy non-performing’, highlights Modi government’s efforts to recover it
Parliament Budget Session updates | Lok Sabha passes The Finance Bill, 2024
The session, which began on January 31, has been extended till February 10
Parliament Budget Session February 6 Updates
Prime Minister Narendra Modi is scheduled to reply to Motion of Thanks to President’s address in Rajya Sabha tomorrow
Jammu and Kashmir Interim Budget | Sitharaman proposes ₹1.18 lakh crore for 2024-25
The interim Budget envisages a fiscal deficit of ₹20,760 crore and a 7.5% growth in gross State domestic product
Parliament Budget Session Live Updates | ‘BJP will win 37...s’, says PM Modi, targets Opposition on nepotism, corruption
The BJP had issued a whip to all their MPs, asking them to be present in the Lower House on the fourth day of the session.
States to play a critical role in next generation reforms: CEA Anantha Nageswaran
Chief Economic Advisor V. Anantha Nageswaran identifies some of the next generation reforms needed in the coming years
Interim Budget 2024 | Thrust for PM Vishwakarma Scheme, cluster projects for MSMEs
Interim budget 2024 allocates ₹22,137.95 crores for MSMEs, including new clusters and technology centres, aiming for global competitiveness.
In videos | Highlights and key features of Interim Budget 2024
A series of videos highlighting the key features of, and announcements made in, the 2024 Interim Budget
Success of India grounded in pursuit of reforms over last years: IMF MD
Ms. Georgieva said that one very significant advantages of India is the bold actions on the digital front with the digital public infrastructure
Continued focus on infrastructure, inclusive development
The Interim Budget 2024 balances growth with social welfare, modernisation with sustainability, and fiscal prudence with ambitious development goals
Increased infra spend to have multiplier effect says Tata Steel MD
“The continued expansion of rural housing and other significant moves will spur steel demand, create jobs, and improve connectivity and logistics”
Budget 2024 | Expenditure on welfare schemes cut or remain stagnant, say Left parties
The CPI(M) Polit Bureau says the Union Budget reveals the grim economic situation confronting India’s working class, while the CPI called it disconnected with the reality
Budget 2024 | The pace of fiscal consolidation took everyone by surprise
‘The underlying theme was clearly fiscal consolidation with an ability to maintain the infrastructure spends at the existing run rate’
Budget 2024 | Expansion of capex outlay will boost infra sector
The focus on technology and innovation in the Budget will act as a strong catalyst for R&D.
Budget 2024 | An action-oriented Budget, with the mantra of reforming, performing and transforming India
The continued focus on increased capital investments will result in generation of employment opportunities while MSME-centric initiatives will help them compete globally; the Budget also promotes...
Viewpoint | Interim Budget 2024
The Interim Union Budget 2024, was laid out by Finance Minister Nirmala Sitharaman on February 1, 2024.
https://www.thehindu.com/business/budget/viewpoint-interim-budget-2024/article67801997.ece
Budget 2024: Prudent as expected with promise of bigger things
The government stuck to the theme as it raised the capex outlay for the coming financial year to Rs.11.11 lakh crore, an increase of 11%
2024 Interim Budget | After PM Modi’s call, Centre’s me...al justice progress focuses on poor, women, youth, and farmers
The government’s administrative focus is on ensuring resources get distributed fairly regardless of social standing
A political, feel-good statement
The Budget is an account of the achievements of the present regime and refuses to address shortcomings such as lack of employment, wage growth, or deficiencies in specific sectors
https://www.thehindu.com/opinion/op-ed/a-political-feel-good-statement/article67801919.ece
Ignoring an agricultural sector in distress
The revival of agricultural growth from its long-term slump requires imaginative policy shifts and decisive fiscal measures, but the Budget provides no indications of such a plan or intent
Interim Budget 2024 — in campaign mode
While there has been a focus on ‘welfare’ schemes, which have been largely attributed to the Prime Minister, it remains to be seen whether voters will be impressed by this or the government�...
https://www.thehindu.com/opinion/lead/interim-budget-2024-in-campaign-mode/article67801178.ece
The problem of moving attention away from services
In the absence of gainful employment opportunities, and the looming job crisis, the continued neglect of the social sector exacerbates the perpetuation of inequalities
A case of capex under the ‘macroscope’
Fiscal rectitude and conservatism have been the hallmarks of this Budget exercise
https://www.thehindu.com/opinion/op-ed/a-case-of-capex-under-the-macroscope/article67801737.ece
Interim Union Budget 2024 | Taxes
As a relief to small taxpayers, old demands will be dropped. A look at reports on the tax structure.
https://www.thehindu.com/business/budget/interim-union-budget-2024-taxes/article67802116.ece
Interim Union Budget 2024 | Infra outlays
Here’s a look at reports on the key allocations and outlay in the infra sector
https://www.thehindu.com/business/budget/interim-union-budget-2024-infra-outlays/article67802089.ece
Interim Union Budget 2024 | Economy
A look at reports from the key changes in India’s economy
https://www.thehindu.com/business/budget/interim-union-budget-2024-economy/article67802045.ece
2024 Interim Budget | Biased in favour of rich: Chidambaram
Not afraid of white paper on UPA’s economic record, says former FM P. Chidambaram; slams FM for no mention of unemployment, inflation, farmer suicides; says per capita income growth more import...
Puffed-up and poll-ready: Nirmala Sitharaman’s first Interim Budget
No dramatic pre-poll sops as FM sticks to fiscal deficit targets; announces new urban housing scheme, more rural homes, rooftop solar solutions; turns focus to eastern States
2024 Interm Budget | Allocations for Social Justice and Tribal Affairs Ministries see a marginal increase
Revised Estimates for 2023-24 show govt was not able to spend much of the amounts it allocated this fiscal on projects like EMRS, SEED scheme, NAMASTE
Budget 2024 | Three economic rail corridors on the anvil
Centre to focus on developing PM-Gati Shakti corridors, revamping 40,000 old bogies along Vande Bharat standards
Watch | Highlights of interim budget 2024
A video on the highlights of the Interim Budget 2024 on tax, health, economy and more
https://www.thehindu.com/news/national/watch-highlights-of-interim-budget-2024/article67802014.ece
Interim Budget 2024 | ₹1 lakh crore fund to help India leapfrog in deep-tech
India is capable of catching up with global tech leaders such as Israel, the U.S., and Japan, say industry leaders
Experts back plan to add 2 crore homes under PMAY-Rural
PMAY-G to raise its target by two crore more houses over next five years, to provide housing for all eligible rural families; existing target of three crore houses yet to be completed
2024 Interim Budget | Allocation for Minority Ministry remains same
The budget for total education empowerment of minorities was slightly decreased, nearly ₹125 crore, reportedly due to cancellation of scholarship schemes like pre-metric and the Maulana Azad Na...
Interim Budget enthuses startups with extension of tax expiry exemption by a year
Certain tax benefits to startups and investments made by sovereign wealth or pension funds as also tax exemption on certain income of some International Financial Services Centre (IFSC) units are...
Government moots ₹1 lakh-crore corpus for research and development in interim Budget
The amount will be available on ‘minimal or nil interest rates’ to ‘encourage’ the private sector to invest in research and development in ‘sunrise sectors’
Rise in allocation for school, higher education in interim Budget
Total financial aid to students comes down
Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security
The total allocation for the Labour Ministry is ₹12,531.47 crore, compared with ₹13,221.73 crore in the last Budget.
Budget for Census slashed, population count may not take place in first quarter
A sum of ₹1.32 lakh crore has been allocated for the police, which includes the Central Armed Police Forces (CAPF). The Union Territory of Jammu and Kashmir has been allocated ₹37, 277.74 cro...
Industry welcomes Centre’s plans to augment electric vehicle ecosystem
Interim Budget promises steps to expand EV adoption and support charging infrastructure
Budget 2024 | Government to withdraw certain long-pending, un-reconciled direct tax demands
While retaining the status quo with respect to direct and indirect taxation rates, the Finance Minister proposed to withdraw small, non-reconciled and disputed tax demands.
2024 Interim Budget | Government to consolidate the demand of three Services in defence allocation
Total allocation for the MoD stands at ₹6.2 lakh crore for 2024-25, which is 13.04% of the total Union Budget presented
2024 Interim Budget | Fertilizer subsidy set to decline, food subsidy sees increase
Fertiliser subsidies cut amid hope that the improving situation in Ukraine and increased domestic production will help in managing the situation; PM-GKAY, under which free foodgrains are provided...
Interim budget increases target for Lakhpati Didi scheme
The announcement was made by Union Finance Minister Nirmala Sitharaman while presenting the interim budget for 2024-25
60% cut in allocation for regional air connectivity scheme in Interim Budget
Ministry of Civil Aviation sees a budgetary cut of 26%
Budget breakdown: Which sectors gained and lost in the Interim Budget | Data
Budget allocated to the fertiliser subsidy recorded the biggest drop
Budget 2024 | Key stock indices end in red
Eight out of thirteen sectors were in the red with PSU Banks and Auto stocks limiting the fall
Honourable mention for bioeconomy in Interim Budget, with trillion-dollar potential in mind
The total allocation for the Department of Biotechnology has been cut by 16%, whereas BIRAC, which interfaces between academia and industry, has been allocated what it was in 2023-2024
Committee will study ‘fast population growth’ and demographic changes: Nirmala Sitharaman
No accurate data available on population growth as Census was last held in 2011; NFHS, SRS data show a decline in fertility rates; border security concerns being raised on basis of purported demo...
Budget 2024 | One crore households to get 300 units free electricity every month through rooftop solarisation
This measure would translate to benefits of ₹15,000-18,000 annually for households from free solar electricity and selling the surplus to distribution companies, says Finance Minister
Budget 2024: PM Poshan, Samagra Shiksha allocations much lower than pre-pandemic years | Data
If the allocation is expressed as a share of the total Budget, the Samagra Shiksha scheme’s share comes to 0.79% in FY25
2024 Interim Budget | Marginal rise in allocations for farming, fisheries
The sector is poised for inclusive, balanced, and higher growth and productivity: Finance Minister
Key takeaways from interim Budget 2024-25 in charts
Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament on Thursday
Budget 2024: Spending on rural development increases marginally, but not all schemes benefit | Data
Allocations as a share of the Budget have decreased in four schemes and increased in two schemes, even while rural development’s overall allocation has increased
Budget 2024 | Census, NPR unlikely in 2024 too as only ₹1,277 crore allocated
The census operation continues to be on hold and the government has not yet announced the new schedule.
WHO applauds extension of healthcare coverage to ASHA, anganwadi workers and helpers
Praise for moves to upgrade hospital infrastructure, increase the number of medical colleges, expand vaccine programme and platform; medical device industry says Budget falls short, given rising ...
2024 Interim Budget | Space gets nominal hike, likely boost for spaceflight start-ups
Indian space programme has no major missions slated for this year, reflected in the 4% budget hike; 200-odd spaceflight startups may benefit from new ₹1 lakh cr fund to boost private investment...
Interim Budget 2024: Spending on IITs and IIMs declines as a share of total Budget | Data
Proposed spending on higher education as a share of the total Budget is the lowest in the recent past, if pandemic years and the recovery period are ignored
2024 Interim Budget | India increasing allocation for Maldives, ₹400 crore revised to ₹770.9 crore
The Maldives which has been in news recently because of anti-India protests as well as remarks from its top leadership has seen a substantial bump in allocation
Budget 2024 | Road sector budget sees a nominal hike of 2.7%
The Interim Budget set aside ₹2,78,000 crore for the Ministry of Road Transport and Highways as compared to the ₹2,70,434 crore in the budget estimate for this fiscal.
FM Nirmala Sitharaman delivers her shortest Budget speech till date
At 56 minutes, it was Ms. Sitharaman's shortest budget speech. She also holds the distinction of delivering the longest budget speech at two hours and forty minutes in 2020.
Interim Budget 2024 | Govt to come out with White Paper on mismanagement of economy prior to 2014, says Sitharaman
It is now appropriate to look at where we were then till 2014 and where we are now, only for the purpose of drawing lessons from the mismanagement of those years, FM Nirmala Sitharaman said
Where does the money come from and where is it allocated?
We look at the avenues from where money flows in and where it is allocated in the interim budget presented by FinMin Nirmala Sitharaman this year
Analysis | Nirmala Sitharaman’s interim Budget reveals BJP’s confidence in comeback
FM Nirmala Sitharaman asserted that the Modi government would return in July to present a full Budget, on the strength of its record, and that it did not need announcements of last minute sops to...
Budget 2024 | Branding and marketing of iconic tourist destinations to push tourism
The Centre is set to provide long-term interest-free loans to States for financing the development of these destinations
Government approves extension of subsidy scheme on sugar supplied to AAY families by 2 years till March 2026
Union Cabinet, chaired by Prime Minister Narender Modi, approved extension of scheme of sugar subsidy for AAY families distributed through PDS for two more years till March 31, 2026.
2024 Interim Budget | Net zero gain for job guarantee scheme
2024 Budget allocates ₹86,000 crore for the rural employment scheme, which is nearly 43.33% hike from the allocation in the last Budget, though the total expenditure so far for the programme, a...
Kerala’s ruling front and Opposition slam Centre’s Interim Budget as political exercise in futility
Initial reactions to Interim Budget signal a limited political concurrence between Kerala’s ruling front and Opposition that Centre’s financial plan holds no promise for country’s youth, fa...
2024 Interim Budget | Inclusive, innovative, sign of continuity: PM Modi
In a televised address following the Budget, Mr. Modi said it would empower the four pillars of developed India, namely, the young, poor, women, and farmers
Union Budget | Centre to expand electric vehicle ecosystem to support charging infra
Biomanufacturing and bio foundry scheme will be launched to provide environment-friendly alternatives for bio-degradable production, says FM Nirmala Sitharaman.
Interim Budget 2024: Highlights
The interim Budget was presented by FM Nirmala Sitharaman in the Lok Sabha today. Check out the highlights
https://www.thehindu.com/business/budget/interim-budget-2024-highlights/article67799651.ece
Interim Budget 2024 | Viability gap funding to be provided for 1 GW offshore wind energy: FM Sitharaman
FM Nirmala Sitharaman said the viability gap funding help the country become net-zero emissions by 2070
A new scheme to develop deep tech for defence purposes: Finance Minister
For tech-savvy youth, a corpus of ₹1 lakh crore will be established with 50-year interest free loans for providing long term financing or refinancing with long tenures and low or nil interest r...
Interim Budget 2024-2025 documents presented by FM Nirmala Sitharaman
In less than an hour-long Budget speech, Ms. Sitharaman presented the Modi Govt’s achievements in the last 10 years that transformed India from being a ‘fragile’ economy to the world’s fa...
All outstanding direct tax demands upto ₹25,000 for period up to FY2009-10 withdrawn; will benefit 1 crore taxpayers
Finance Minister Nirmala Sitharaman announced withdrawal of petty tax demands upto Rs 25,000 in her interim budget speech, providing hassle-free refunds
Higher budgetary support for cotton procurement by the Cotton Corporation of India
RoSCTL extended for garment exports, which will provide the stable policy regime essential for long-term planning in the textile sector
Budget 2024 political reactions updates | It’s a Budget o...re: PM Modi; People rejected this Budget, says Dayanidhi Maran
Union Finance Minister Nirmala Sitharaman presented the interim Union Budget 2024 on February 1, following which reactions from various political parties came in.
Revised fiscal deficit for 2024-25 at 5.1% against 5.8% in FY24, says FM Nirmala Sitharaman
Fiscal deficit in 2024-25 is estimated to be 5.1% of the GDP, adhering to the path of fiscal consolidation, the Finance Minister said in her interim Budget 2024 speech.
Budget 2024 industry, market reactions LIVE updates | Budge...ses on making India $5 trn economy, developed nation: Assocham
Union Finance Minister Nirmala Sitharaman presented the interim Union Budget 2024 on February 1, following which reactions from industries and markets have come in
Interim Budget 2024 | ASHA, anganwadi workers and helpers g...r under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana
The sectors that saw increased allocation of funds in the last budget continued to witness an increment this year as well
No change to direct and indirect tax rates: Finance Minister in Budget Speech
Finance Minister Nirmala Sitharaman in her interim budget speech proposed to retain the direct and indirect tax rates, including import duties.
Budget 2024 | New scheme for affordable middle class housing
She also mentioned about rooftop solarisation to ensure one crore household free electricity of up to 300 units per month, leading to household savings of ₹15,000-18,000 annually.
Skill India Mission trained, upskilled 1.4 crore youth: FM
The mission focuses on skilling, re-skilling and upskilling through short-term and long-term training programmes
38 lakh farmers benefited from PM Kisan SAMPADA Yojana, says FM Sitharaman
Finance Minister Nirmala Sitharaman detailed the Modi government’s past schemes for agriculture sector before announcing a slew of schemes to boost fisheries export, oilseeds.
Global affairs becoming more complex, challenging with wars: Finance Minister in Budget Speech
The Russia-Ukraine conflict and the Israel-Hamas war have disrupted the global supply chains, impacting trade.
Three new economic corridors for railways, says Finance Minister in speech
Finance Minister Nirmala Sitharaman announces three new economic corridors for railways while introducing the Interim Budget for 2024 in the Lok Sabha
PM KISAN Yojana | FM Nirmala Sitharaman says 11.8 crore farmers receive financial assistance
“The government under the leadership of Prime Minister Narendra Modi is addressing systematic inequalities, which have plagued the society,” Finance Minister Nirmala Sitharaman said.