As Finance Minister Nirmala Sitharaman prepares to present the upcoming interim budget on February 1, 2024, amid the backdrop of impending general elections in India, the financial landscape anticipates a pivotal moment. Departing from the norm of full-year fiscal statements, interim budgets play a crucial role in providing temporary financial plans, vital for sustaining government …
The Indian economy is bouncing back at an excellent pace as compared to other major economies around the world this year. The government will have to do more than providing stimulus to sustain this economic run. The recurring waves of the pandemic can make this task a challenging one for the government and the Finance …
The government plays a vital role in stimulating the economy, influencing both the supply and demand sides. Understanding the role of the government is crucial for policymakers, investors, and citizens alike, as it helps evaluate the effectiveness of public policies and shape strategies for sustainable economic development in India. In this article, we will examine …
Before talking about this year’s budget let’s recap last year’s budget. There were no major changes regarding Personal Income Tax last year which was totally opposite to the expectations of the middle-class population of India. But this time, there are a few important points that made the middle class smile. Rebate- As of now, people …
A Stunning and worth-noticing example in the Fintech industry is UPI. UPI transactions in India witnessed a growth of 650% at the semi-urban and rural stores in India. A growth of nearly 25% and 14% in value and volume, resp, in assisted financial transactions across semi-urban and rural retail counters in the country in 2022. …
The Union Budget 2023-24 was presented on February 01, 2023, by the Union Finance Minister, Smt. Nirmala Sitharaman. The Budget aims to build upon the foundation laid by the previous budget and create a blueprint for India’s future growth. This is the final Budget of the Modi 2.0 government before the Next General Elections in …
Fiscal deficit for FY2024 at 5.9%. The deficit for FY2023 was retained at 6.4%. The Government in line with its aim to reach a fiscal deficit level below 4.5% of the GDP by 2025-26 has fixed the deficit for 2023-24 at 5.9%. The reduction in the Fiscal deficit figure was expected led by a reduction …
Capital Investments- Just like the last two years, even this year there is an increase in capital investment in this industry. This time there is an increase of 33% which is INR 10 Lakh crore. This is thrice the budget for 2019-20. Results of investments- As investment in infrastructure results in a positive multiplier effect, …
Budget 2023 : Live Updates Our Finance Minister, Smt Nirmala Sitharaman, has opened the budget with growth undertones & optimism, announced India’s economic outlook is better than pre-pandemic years The government has announced focus on infrastructure & manufacturing with an incremental welfare spending. Stay Tuned for more updates. January 31, 2023 06:28 PM Union Budget …
The Finance Budget of 2022 is expected to go live on February 1, 2022. While the D-street is looking forward to the budget session, it is going to be quite a task for the Finance Ministry as the goal of becoming a $5-trillion economy by 2025 presents several challenges. With the risk on Covid-19 cases …
