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
Finance Minister Bhatti Vikramarka Mallu says Budget focuses on people’s overall development, progress and their happiness.
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
The session, which began on January 31, has been extended till February 10
Prime Minister Narendra Modi is scheduled to reply to Motion of Thanks to President’s address in Rajya Sabha tomorrow
The interim Budget envisages a fiscal deficit of ₹20,760 crore and a 7.5% growth in gross State domestic product
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.
Chief Economic Advisor V. Anantha Nageswaran identifies some of the next generation reforms needed in the coming years
Interim budget 2024 allocates ₹22,137.95 crores for MSMEs, including new clusters and technology centres, aiming for global competitiveness.
A series of videos highlighting the key features of, and announcements made in, the 2024 Interim Budget
Ms. Georgieva said that one very significant advantages of India is the bold actions on the digital front with the digital public infrastructure
The Interim Budget 2024 balances growth with social welfare, modernisation with sustainability, and fiscal prudence with ambitious development goals
“The continued expansion of rural housing and other significant moves will spur steel demand, create jobs, and improve connectivity and logistics”
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
‘The underlying theme was clearly fiscal consolidation with an ability to maintain the infrastructure spends at the existing run rate’
The focus on technology and innovation in the Budget will act as a strong catalyst for R&D.
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...
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
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%
The government’s administrative focus is on ensuring resources get distributed fairly regardless of social standing
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
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
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
In the absence of gainful employment opportunities, and the looming job crisis, the continued neglect of the social sector exacerbates the perpetuation of inequalities
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
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
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
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
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...
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
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
Centre to focus on developing PM-Gati Shakti corridors, revamping 40,000 old bogies along Vande Bharat standards
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
India is capable of catching up with global tech leaders such as Israel, the U.S., and Japan, say industry leaders
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
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...
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...
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’
Total financial aid to students comes down
The total allocation for the Labour Ministry is ₹12,531.47 crore, compared with ₹13,221.73 crore in the last Budget.
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...
Interim Budget promises steps to expand EV adoption and support charging infrastructure
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.
Total allocation for the MoD stands at ₹6.2 lakh crore for 2024-25, which is 13.04% of the total Union Budget presented
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...
The announcement was made by Union Finance Minister Nirmala Sitharaman while presenting the interim budget for 2024-25
Ministry of Civil Aviation sees a budgetary cut of 26%
Budget allocated to the fertiliser subsidy recorded the biggest drop
Eight out of thirteen sectors were in the red with PSU Banks and Auto stocks limiting the fall
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
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...
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
If the allocation is expressed as a share of the total Budget, the Samagra Shiksha scheme’s share comes to 0.79% in FY25
The sector is poised for inclusive, balanced, and higher growth and productivity: Finance Minister
Finance Minister Nirmala Sitharaman presented the interim Budget in Parliament on Thursday
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
The census operation continues to be on hold and the government has not yet announced the new schedule.
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 ...
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...
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
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
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.
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.
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
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
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...
The Centre is set to provide long-term interest-free loans to States for financing the development of these destinations
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 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...
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...
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
Biomanufacturing and bio foundry scheme will be launched to provide environment-friendly alternatives for bio-degradable production, says FM Nirmala Sitharaman.
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
FM Nirmala Sitharaman said the viability gap funding help the country become net-zero emissions by 2070
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...
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...
Finance Minister Nirmala Sitharaman announced withdrawal of petty tax demands upto Rs 25,000 in her interim budget speech, providing hassle-free refunds
RoSCTL extended for garment exports, which will provide the stable policy regime essential for long-term planning in the textile sector
Union Finance Minister Nirmala Sitharaman presented the interim Union Budget 2024 on February 1, following which reactions from various political parties came in.
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.
Union Finance Minister Nirmala Sitharaman presented the interim Union Budget 2024 on February 1, following which reactions from industries and markets have come in
The sectors that saw increased allocation of funds in the last budget continued to witness an increment this year as well
Finance Minister Nirmala Sitharaman in her interim budget speech proposed to retain the direct and indirect tax rates, including import duties.
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.
The mission focuses on skilling, re-skilling and upskilling through short-term and long-term training programmes
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.
The Russia-Ukraine conflict and the Israel-Hamas war have disrupted the global supply chains, impacting trade.
Finance Minister Nirmala Sitharaman announces three new economic corridors for railways while introducing the Interim Budget for 2024 in the Lok Sabha
“The government under the leadership of Prime Minister Narendra Modi is addressing systematic inequalities, which have plagued the society,” Finance Minister Nirmala Sitharaman said.