The Interim Budget 2024 is just around the corner and the middle-class taxpayers are holding their breath, hopeful for some relief in the form of income tax concessions. If Finance Minister Nirmala Sitharaman proposes it in the interim budget 2024 scheduled for February 1, ahead of the general elections, it would provide a much-needed boost … Read more
Image for representational purpose only. | Photo Credit: The Hindu The defence budget was increased to ₹5.94 lakh crore for 2023-24 from last year’s allocation of ₹5.25 lakh crore. In the Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on February 1, a total of ₹ 1.62 lakh crore has been set aside … Read more
Indian Finance Minister Nirmala Sitharaman | Photo Credit: AP The government ensured that no one went hungry during the pandemic by providing free foodgrains to 80 crore poor people, Finance Minister Nirmala Sitharaman said on February 1. Also Read | Union Budget 2023-24 live updates In times of global challenges, G-20 presidency gives an opportunity … Read more
The announcement of two key initiatives – the National Tele Mental Health Program (slated to be launched in April 2022) and a provision to create a complete Digital Health Ecosystem, which will comprise digital registries of health providers and patient records – is testimony to the government’s commitments towards standardizing access to healthcare. By Ms … Read more
Union Budget 2022 reflects higher-than-expected conservatism. The emphasis is on attempts to crowd-in private capital expenditure along with a dose of import substitution. However, hardening G-sec yields can also cause a crowding-out effect. The contraction in revenue spending amid peaked out global trade would imply that the problems of lack of consumption demand and private … Read more
It takes almost six months to prepare the Union budget. The finance minister and her core team then devote a critical fortnight in January to freeze the document, usually a week before its presentation in Parliament. This year, as Finance Minister Nirmala Sitharaman gears up to present her fourth budget on February 1, two factors … Read more
India is likely to earmark nearly $19 billion in the Union Budget 2022 to compensate fertilizer companies for selling their products to farmers at lower than market prices, according to people with knowledge of the matter. The finance ministry has penciled in Rs 1.4 lakh crore ($18.8 billion) as fertilizer subsidy in the budget due … Read more
New Delhi: Poll-bound West Bengal, Assam, Tamil Nadu and Kerala have got a leg-up in terms of proposed infrastructure spending in the budget. In West Bengal, where BJP is aiming to unseat the ruling Trinamool Congress in elections later this year, Rs 25,000 crore has been earmarked for road projects, including 675 km of highway … Read more
New Delhi: Prime Minister Narendra Modi on Friday said the Economic Survey, which was tabled in Parliament earlier in the day, captures India’s fight against the COVID-19 pandemic and its strong economic fundamentals. It emphasises on the huge potential for economic growth, the importance of further scaling up innovation and the way ahead in key … Read more
Millions lost their jobs, walked thousands of miles to get home, starved, got sick, died. The lockdown following the Covid-19 pandemic was the worst catastrophe for India since the ‘Spanish flu’ influenza epidemic a century ago. Just how bad is documented by the Reserve Bank of India (RBI) in its Financial Stability Report (FSR; bit.ly/3oP9DBT) … Read more