BUSINESS
Data Innovation Lab announced by ministry of statistics and programme implementation to improve stats quality
Guidelines open door for creating sandboxing environment via outsourcing
BUSINESS
GST buoyancy expected to decline, but will stay above one, says CBIC Chairman
The ministry has set a target of increasing GST collections by 11 percent in FY25, against a GDP growth of 10.5 percent.
BUSINESS
Govt employee count rises for first time since FY19, spending per head also on the up
The average pay per government employee is, however, expected to drop, ending eight years of annual increases
BUSINESS
What did India search for on the Budget Day?
Karnataka, Haryana were more interested in knowing about the new tax regime, Andhra searched for gold
TRENDS
MC Daily Monsoon Tracker: India turns back to rainfall surplus after 2 weeks
Seventeen states now face normal rainfall conditions
BUSINESS
Private sector activity rises to three-month high of 61.4 in July: PMI data
Private sector activity had picked up in June from a five-month low of 60.5 in May
BUSINESS
Deficit targets achievable; sustained fiscal consolidation must for upgrades: Rating agencies
Economists have been contending that the government adhering to fiscal path will lead to a ratings upgrade by one of the three global ratings concerned within the next 18-24 months
BUSINESS
Economists laud Budget’s fiscal prudence, say opens path to ratings upgrade
India can fill the vacuum left by China if it emulates the strategy of double digit infra investment
BUSINESS
FM builds on Economic Surveys data approach in Budget
Budget bats for integration of databases
BUSINESS
Amid push for Employment Linked Incentive schemes, PLI allocations double in FY25
Allocations to production linked incentive schemes in FY25 rose to nearly Rs 12,500 crore
BUSINESS
Where is India’s capex going?
Five ministries will corner over 90 percent of capex jump
BUSINESS
Markets are not kind to Budgets: Moneycontrol analysis
A Moneycontrol analysis shows that markets have trended lower after Budget presentation on 13 of the last 18 occasions.
BUSINESS
What government earns and where does it spend?
The reliance on borrowings and other liabilities has also reduced in FY25
BUSINESS
Fiscal prudence continues: Budget 2024 in 10 charts
Fiscal deficit target set at 4.9 percent for FY25, lower than 5.1 percent in the interim budget
BUSINESS
Ratio of defence capex spending climbs a decadal high in FY25, shows Budget data
The government has set an ambitious target to more than triple defence production to Rs 3 lakh crore by FY29 and increase exports to Rs 50,000 crore
BUSINESS
India GDP Growth Forecast: FM pegs nominal GDP growth at 10.5%
India’s nominal GDP expanded 9.6% in FY24 from 14.2% in the previous year.
BUSINESS
Ayushman Bharat gets Rs 7,300 crore in union Budget
Outlay for the scheme receives another boost, as government extends more benefits to senior citizens
BUSINESS
MGNREGA gets Rs 86,000 crore for FY25
The allocation is a xx percent drop from the over Rs 90,000 crore the government had spent on the programme in the previous year
BUSINESS
FM Sitharaman keeps FY25 capex target unchanged at Rs 11.11 lakh crore in Budget 2024
The government will end up spending about 3.5 percent of the Budget on capex compared with 3.2 percent in the previous year.
BUSINESS
Budget 2024:Gender Budget reaches highest level since FY11
Govt to spend over Rs 3 lakh crore on gender budget for the first time, marking an xx percent increase over the previous year
BUSINESS
Key government schemes to watch out for in Budget 2024
Budget 2024 Schemes:Agriculture output was a tepid 1.4 percent in FY24 compared with 4.7 percent in the previous year, even as the economy roared with 8.2 percent growth
BUSINESS
How much extra money FM Sitharaman has and where she can spend it in Budget 2024
High tax collections and a one-time bounty from the central bank place the FM in a very comfortable position
BUSINESS
Statistics quality an underlying theme of the survey
State-level variants of indices like IIP will help understand the emerging geographical patterns, according to Economic Survey 2024.
BUSINESS
Economic Survey in 10 charts: Stability, inclusivity central to 2047 Viksit Bharat vision
It also stressed the need to sustain structural reform momentum to accelerate growth to more than 7% in the longer term.
