-
Nomura anticipates the first post-election budget to be a pivotal test for Modi 3.0—a stage to showcase its stand fiscal prudence while managing the demands of newfound coalition allies.
-
The FMCG sector, especially in the food segment, was positively impacted by measures aimed at achieving self-sufficiency in oilseeds, said Roosevelt Dsouza, Head of Customer Success – India, NielsenIQ (NIQ).
-
Interim Budget: In her presentation on February 1, FM Nirmala Sitharaman highlighted a 50 percent increase in the average real income of the people, coupled with moderated inflation.
-
For the current fiscal year 2023-24, the Union Budget has scaled down the disinvestment revenue target in the revised estimates to Rs 30,000 crore
-
Interim Budget 2024: In the vote-on-account budget, Sitharaman announced a series of measures to accomplish a “net zero” emissions target by 2070 in order to steer India towards a “greener future”
-
Furthermore, the manufacturing giants are also expecting the Budget 2024 to propose greater capex push, higher infrastructure allocation, port and digital infrastructure development to boost logistics efficiency and competitiveness.
-
The auto industry body expects the current execution of road, highway and other infrastructure projects to remain on track in the vote-on-account budget
-
Petronet LNG MD & CEO AK Singh said inclusion of natural gas under GST would substantially improve the utilisation of natural gas across the country
-
Oil and gas industry players expect that the focus of the upcoming budget would be on energy transition and towards achieving net-zero emissions targets for oil PSUs.
-
The budgetary allocation of Rs 1,500 crore for 2024–25, if granted by the finance ministry, would be the highest-ever allocation for the UDAN scheme and would be more than twice the Rs 480 crore allocated under the scheme in 2019–20.
-
The most significant gains before the budget were observed in 2021, with the Sensex and the Nifty having advanced about 21 percent as the economy emerged from the Covid aftermath.
-
For Budget 2024-25, head-hunters support increasing limits for deductions such as investments, medical insurance premium and housing rent allowance to boost disposable incomes and encourage responsible financial planning.
-
HAL's order book stood at Rs 80,000 crore in FY23 and UBS expects it to triple to Rs 2.4 lakh crore in FY26 following an expected increase in defence expenditure
-
Budget 2024: A number of initiatives, including increasing urea production capacity in the country and making available urea substitutes, are expected to bear fruit and reduce the government’s urea import bill
-
After achieving many milestones including the introduction of e-invoicing, e-way bills, tax scrutiny for compliances, and improving capacities with technology, the next phase of the GST needs to be a high jump with the merger of tax slabs and bringing petrol, diesel and electricity under it.
-
The government faces an increase in the subsidy bill, including free food grain and LPG schemes due to volatile prices.
-
During the previous Budget, Finance Minister Nirmala Sitharaman had unveiled a fiscal strategy rooted in seven interconnected priorities, collectively referred to as the 'Saptarishi'. Let's take a deeper look into them
-
NAREDCO has suggested the finance ministry to come up with a second tranche of the Special Window for Affordable and Mid-Income Housing (SWAMIH) fund with Rs 50,000 corpus in the upcoming Union budget for 2024-2025 fiscal year.
-
Budget 2024: Here are some of the best quotes from past Budget speeches by finance ministers.
-
Budget 2024: In November, the total Goods and Services Tax collection amounted to Rs 1.68 lakh crore, the ninth month in a row that the monthly mop-up exceeded Rs 1.5 lakh crore
-
The government’s main theme in successive budgets has been an attempt to double farmer incomes and put money directly in their hands.
-
The government has struck down more than 2,000 British-era laws, ended more than 40,000 compliances, and introduced showpiece legislations like IBC and GST but the effective implementation of several laws remains less than satisfactory.
-
Despite the aviation industry surpassing pre-COVID-19 levels, traffic under UDAN remains low. So, to speed up the launch of new routes and revive airports under UDAN, MoCA has sought a budgetary allocation of Rs 1,500 crore for 2024–25, the highest-ever allocation for the scheme.
-
Exploration in India is mostly handled by government entities, while it is dominated by the private sector in other countries. There is a need for the government to introduce incentives to attract more private participation.
-
Budget 2024: Many double taxation avoidance treaties have been forged and annual information statements capture tax details, but there is a need to shift procedures to digital mode for NRIs too.
