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The average daily rate increased 13.6 percent year-on-year (YoY) from Rs 6,704 to Rs 7,616 in FY24, the Economic Survey says
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The Guidelines and Standards on Charging Infrastructure will help firms looking to establish EV charging stations, the Economic Survey said
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FM Sitharaman is scheduled to present the Union Budget for 2024-25 in the Lok Sabha on July 23. This marks the first Budget of the Modi Government's third consecutive term in office.
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The draft National Deep Tech Startup Policy (NDTSP) was released for stakeholders’ comments in July last
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Suman Bery said consistent long-term average growth rate of approximately 6% reflected significant supply-side developments
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Declining volatility and rangebound movement in the exchange rate reduced stress levels in the foreign exchange market.
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The Indian SaaS industry is poised to grow by 2.5X to reach a revenue if $26 billion by the end of 2026, a recent report said
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Estimates show 51.25 percent of the youth is deemed employable – about one in two are not yet readily employable after graduating, the Economic Survey 2023-24 said.
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With healthy balance sheets, banking and financial sector was well poised to cater to growing financing needs
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Within personal loans, housing loan growth remained range-bound during FY24, with signs of improvement in April and May 2024, survey added.
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The survey, prepared by the economics division of the Department of Economic Affairs under the guidance of the chief economic adviser, will likely provide a detailed analysis of critical economic issues and also offer solutions
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One of the fundamental beliefs of the Modi government has been to make India self-reliant. It has worked tirelessly in that direction and the continuation of ‘Aatmanirbhar Bharat’ policy in this year’s Budget is highly likely
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Today's budget will decide the direction for the next 5 years of our term. This budget will also become a strong foundation of our dream of 'Viksit Bharat, says PM Modi.
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The survey will outline the key economic metrics of the country, most notably the forecast for real GDP growth for the ongoing financial year.
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According to ICRA's chief economist Aditi Nayar, disinvestment may not pick up steam immediately. The government is unlikely to include a significantly higher target for the same in the full budget scheduled to be presented on July 23, she added.
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Budget 2024: There is an expectation for the government to introduce policies for new energy vehicles (NEVs), encompassing biofuels, plug-in hybrid vehicles (PHEVs) and hybrid electric vehicles
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The country has leapfrogged the world to become the leader in connectivity, bypassing the fixed-line era almost entirely, and is unparalleled in the digital payments universe.
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The CEA has also been vocal on global issues such as climate finance and the assessment methodologies used by global ratings agencies for emerging markets like India.
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In the interim Budget for FY25, the central government pegged fiscal deficit target at 5.1 percent in the ongoing financial year from the revised aim of 5.8 percent in FY24.
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The budgetary cycle was preponed which means now it is passed well before March 31. But the budget cycle rules are still quite comprehensive and time consuming. Let’s look at a few policy recommendations to reduce this stretched out budget cycle
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Bhanumurthy is of the view that the Centre may stay away from introducing fresh schemes modelled around cash transfers in the full Budget for 2024-25.
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India's economy is expanding at the fastest rate among major emerging economies, and tax receipts are higher, factors that could prompt Finance Minister Nirmala Sitharaman to increase spending in the new 2024/25 budget that will be presented to parliament on July 23
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Underlining the priorities for the full Union Budget for this fiscal
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Efforts are underway to address these disparities, with the commerce ministry collaborating closely with the finance ministry.
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Budget 2024-25: Amid rising capacity, a boost to infrastructure, housing and manufacturing could support cement sales and prices in the long run
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Budget 2024-25: Apart from higher allocation, the Budget could address some issues on taxation for both the developer and buyer of homes, to sustain housing demand
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Budget 2024 Expectations Highlights: The complete Budget for the financial year 2024-25 will be unveiled after the new government is formed following the general elections.
