As per the Budget, states can get up to Rs 1.3 lakh crore as long-term, interest-free loans from the Centre in 2023-24 for capital expenditure purposes
The government is preparing to meet a projected peak electricity demand of 230.144 gigawatts (GW) in FY 2024.
During the pandemic, allocations for school education were reduced. The increase in funding in this budget had to be of an order that would mitigate the damage done. Sadly that was not to be
The reduction in customs duties on crucial imports required for manufacturing, R&D promotion, continued focus on infrastructure improvement, and simplification of tax structures will help technology-driven and traditional areas
Marginal increases in the defence budget don’t allow the armed services to splurge on modernisation. Prioritise weapons that best serve the changed strategic environment
Despite the global economic headwinds and geopolitical uncertainties, the fiscal arithmetic looks conservative
Sugar production stood at 187.1 lakh tonnes during October-January period of the previous marketing year.
In a written reply to the Lok Sabha, Power Minister R K Singh said steps are being taken by developers/government for revival of the stalled projects.
Decoding the union budget with Nilesh Shah, Managing Director, Kotak Mahindra Asset Management. Will the budget spur growth? What’s the world’s view on the budget? Are the estimates conservative or realistic? Listen in for a candid analysis of the last full budget of Modi 2.0.
In today’s edition of Moneycontrol Pro Panorama: Financial sector doesn’t fit Budget jigsaw, how to boost growth prudently, curious absence of startups, budget to support economic recovery, and more
According to the report released by data analytics firm NielsenIQ on Thursday, in October-December, the FMCG industry grew 7.6 per cent in terms of value but its volume growth was (-) 0.3 per cent.
Chronic underfunding hampers the capacity of anganwadis and maternal health schemes to tackle undernutrition. Allocations for women and children should keep pace with budget and GDP expansion
The Chief Minister also said that the state government will soon set up 20 dedicated Rural Industrial Hubs across the state.
Sticking to the medium-term target is needed to keep the public debt ratio sustainable, says Shilan Shah, Senior India Economist at Capital Economics, says
Powell has to choose a rate level that he thinks will get financial conditions to the right place at the right pace
IRF in a statement also welcomed the thrust of the Budget on seven growth engines of PM GatiShakti, including roads, railways, airports, ports, mass transport, waterways and logistics.
Federation of Indian Export Organisations (FIEO) President A Sakthivel said that many of the changes in the customs duties will help to provide competitiveness to manufacturing and exports, besides attempting imports substitution.
Agritech, green economy and AI focus of budget reflect government’s positive approach to new technologies. But startup investors who shoulder much of the risks have been ignored
The budget speech focused on key announcements for hard-working middle-class income-earners, women, and the youth. Overall, it was a good budget
Overall, budget 2023 was mostly disappointing for startup founders, employees and investors. The few initiatives that were announced were bereft of crucial details and budget allocations
Budget 2023 showcased Modi government's intent of pushing economic growth while staying committed to the fiscal consolidation path. The changes to new income tax regime could provide some consumption push.
New growth areas like green hydrogen, clean energy, electric vehicles and artificial intelligence were heavily promoted. Encouraging startup investors is equally important
Budget 2023: Currently, India is the fifth largest economy 'so it's another five years. We are already in (the year) 2023. So 2027-28, India should be the third-largest economy,' Panagariya, Columbia University Professor and former Vice Chairman of NITI Aayog, told PTI in an interview here.
But the elevated borrowing level may exert upward pressure on sovereign yields, against a backdrop of rising demand for bank credit
The government should ensure that the growth in revenue expenditure remains restrained