co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
With RBI projecting an inflation of 5 percent in June 2023, the probability of the 10-year government bond yield heading lower exists
The finance minister has done a skilful balancing job, but there are three questions that crop up after reading the Economic Survey and the budget documents together
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
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
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
Powell has to choose a rate level that he thinks will get financial conditions to the right place at the right pace
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
New growth areas like green hydrogen, clean energy, electric vehicles and artificial intelligence were heavily promoted. Encouraging startup investors is equally important
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
Primary healthcare hasn’t received the attention it needed but digital push, more nursing colleges, focus on tribal areas, and green signal for collaborative research makes it a budget with a difference
Indian Railways’ finances are in extremely precarious condition. Just the top five inflexible and fast-growing expenses are proving to be the giant killers
The proposals for encouraging growth and demand even as fiscal discipline is being maintained are strong pull factors for global capital
The Indian government believes that the growth of the economy, through a trickle-down process, will lead to lower unemployment
While the government is making enabling amendments to sell loss-making banks and is, thus, not providing any fresh recapitalisation funds, it is oddly not accounting for their sale in its receipt budget
As governments worldwide step up borrowings, investors will demand, and get, higher coupon rates. Don’t be surprised if bond yields rise during the course of the coming financial year
But the budget on its own cannot drive a market rally
Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies
The Budget ticks most of the boxes like fiscal discipline, rationalising taxes and regulations, and increasing capex but the lower revenue expenditure could be a problem if unforeseen problems cause mass distress
From higher capex and support for municipal bonds to more credit for MSMEs and unleashing anonymised data for tech innovation, the budget supports economic growth and job creation
