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Indian Economy

Updated : Dec 27, 2024

Budget 1991: How then FM Manmohan Singh announced a slew of reforms to turn around the economy

“The room for manoeuvre, to live on borrowed money or time, does not exist anymore,” he underlined in his Budget speech

India is aiming to reduce its fiscal deficit below 4.5 percent by 2025-26.
Updated : Jul 23, 2024

Budget 2024: FM Nirmala Sitharaman lowers fiscal deficit target to 4.9% of GDP for FY25

The Union government has been rapidly reducing its fiscal deficit target after it ballooned to 9.2 percent in 2020-21 due to the coronavirus pandemic.

The growth in capex has stayed in double digits in six of the last seven years and is likely to slow down from the 28.4 percent growth experienced in FY24 and 24.8 percent the year before.
Updated : Jul 23, 2024

Budget 2024: FM Nirmala Sitharaman retains FY25 capex target at Rs 11.11 lakh crore

The government will end up spending 3.4 percent of the Budget on capex compared to 3.2 percent in the previous year and almost double what it spent five years ago.

Interim Budget allocated Rs 2.05 lakh crore for food subsidy bill.
Updated : Jul 23, 2024

Budget 2024: Centre makes no announcement on FY25 food subsidy bill under Modi 3.0

The entire food subsidy bill is set to be spent on the Pradhan Mantri Garib Kalyan Anna Yojana, which was extended by five years by the Union Cabinet in November 2023 at a total cost of nearly Rs 12 lakh crore.

The net borrowing number for FY25, at Rs 11.75 lakh crore, is only slightly lower compared to the revised estimate of Rs 11.80 lakh crore for the previous fiscal.
Updated : Jul 23, 2024

Union Budget 2024: Nirmala Sitharaman keeps borrowing limit unchanged in FY25

Out of gross market borrowing estimated for FY25, Rs 7.50 lakh crore (53.08 percent) is planned to be borrowed in the first half (H1) through dated securities, including Rs 12,000 crore through issuance of Sovereign Green Bonds.

Updated : Jul 9, 2024

Budget to introduce reforms aimed at increasing rural employment, enhancing farmers’ incomes

Vaibhav Porwal, Co-founder, Dezerv says he expects populist measures from Budget and expects the government to maintain its commitment to fiscal consolidation

The retail selling prices petrol and diesel have been unchanged since May 2022
Updated : Jan 24, 2024

A petrol, diesel price cut could be coming your way soon. Here's why

Ratings agency ICRA says marketing margins on retail sales of petrol and diesel for the Indian oil marketing companies have improved in the recent weeks with reduction in crude prices

The Union Budget will be presented every year on February 1. This year, Finance Minister Nirmala Sitharama will present the budget for the sixth time.
Updated : Dec 26, 2023

Union Budget 2024: What is Economic Survey, will it be presented during the Interim Budget?

Economic Survey is an annual report, which is prepared by the Economics Division of the Department of Economic Affairs under the Ministry of Finance, that provides an overview of the Indian economy in the financial year that is coming to a close.

Fiscal prudence is maintained as announced in fiscal glide path in Budget, says Nirmala Sitharaman
Updated : Feb 10, 2023

Govt chose capex route in Budget 2023 to revive economy: FM Sitharaman

New tax regime has been made very attractive, said Sitharaman

Budget 2023: FM Sitharaman’s Rs 10 lakh crore ‘surprise gift’ for infrastructure seen to spur future economic growth
Updated : Feb 1, 2023

Budget 2023: FM Sitharaman’s Rs 10 lakh crore ‘surprise gift’ for infrastructure seen to spur future economic growth

At 3.3 per cent of the GDP, the enhancement in capex outlay for the third year in the running is expected a have a huge multiplier effect on the economy.

Union Budget 2023 live updates: Nirmala Sitharaman's budget speech to start at 11 am
Updated : Feb 1, 2023

Budget 2023 Speech LIVE Announcements: AI centres, additional airports, KYC simplification part of FM Sitharaman's Budget

Union Budget 2023 Live Speech: FM Nirmala Sitharaman made multiple announcements including the setting up of additional airports, priority capital for energy transition, setting up of Artificial Intelligence centres, simplification of KYC by using PAN card as common ID, and more.

Female participation improved, said the Economic Survey 2023
Updated : Jan 31, 2023

Economic Survey 2023: Labour market recovered beyond pre-COVID levels; female participation improved

Economic Survey 2023: EPFO payroll has also seen a steady net addition, with the majority share coming from the youth.

RBI projection of 6.8% inflation this fiscal outside the upper target limit, not high enough to deter private consumption, also not too low to weaken inducement to invest, says Economic Survey
Updated : Jan 31, 2023

Economic Survey 2023 key highlights: India's economy may grow slowest in 3 years in FY24, and more

Economic Survey 2023: India's recovery from the pandemic was relatively quick, growth next fiscal to be supported by solid domestic demand, pick up in capital investment, states the document

Two out of three respondents want Finance Minister Nirmala Sitharaman to raise tax deduction limit under 80C in the upcoming Union Budget, finds a survey by Mumbai-based financial planning start-up Kuvera
Updated : Jan 17, 2023

Budget 2023: Taxpayers want tax deduction limit doubled under 80C, finds survey

Two out of three respondents want Finance Minister Nirmala Sitharaman to raise tax deduction limit under 80C in the upcoming Union Budget, finds a survey by Mumbai-based financial planning start-up Kuvera

India all set to become $5 trn economy by FY25: Gadkari
Updated : Jan 4, 2023

India all set to become $5 trn economy by FY25: Gadkari

Addressing an event organised by industry body FICCI, Gadkari said the central government is aiming to boost growth and employment to achieve sustainable development.

According to report of the National Crime Control Bureau (NCRB), FICN with the face value of Rs 245.33 crore has been seized by the law enforcement agencies across the country since 2016 — the year the Centre demonetised Rs 1,000 and Rs 500 notes
Updated : Jan 4, 2023

Circulation of fake currency notes continues to pose challenge

According to report of the National Crime Control Bureau (NCRB), FICN with the face value of Rs 245.33 crore has been seized by the law enforcement agencies across the country since 2016 — the year the Centre demonetised Rs 1,000 and Rs 500 notes

Das said the international economic order stands challenged and financial markets are in turmoil due to monetary tightening in most parts of the world
Updated : Jan 4, 2023

Indian economy presents a picture of resilience amid global shocks

Das said the international economic order stands challenged and financial markets are in turmoil due to monetary tightening in most parts of the world

World Health Organisation (WHO) as well as many other international bodies like World Bank that tobacco taxation is an efficient tool, reducing tobacco consumption faster than any other single measure
Updated : Jan 4, 2023

Economists bat for hike in tobacco taxation for achieving Modi's $5 trillion economy vision

World Health Organisation (WHO) as well as many other international bodies like World Bank that tobacco taxation is an efficient tool, reducing tobacco consumption faster than any other single measure

The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come
Updated : Jan 4, 2023

Indian economy poised for further growth in 2023 despite global headwinds

The positive trajectory in the growth trend and improved fundamentals will help the nation in neutralising the impact of global headwinds which are expected to have a bearing on the country's exports in the months to come

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