The government has already shown the way by opting for bold reforms during the pandemic
To accelerate the recovery and support the aviation industry, the government could consider favourable measures, including rationalisation of duties, focus on continuing improvement in regional connectivity through a regional connectivity scheme or UDAN
Budget 2022 is expected to provide a stimulus to support the investment requirements in renewable energy, and also aid the availability of long tenure funding avenues
Rather than appreciating the positive role played by fiscal policy, economists are once again attempting to script a return to a world where the governments recede into the background and market forces dominate
It is expected that the central theme of Budget 2022 would continue to provide an impetus to the market to boost it for domestically-manufactured goods to reduce import dependency, and promote the ‘Make in India’ initiative
The budget aimed to revive Asia’s third-largest economy via investing in infrastructure and health care, while relying on an aggressive privatisation strategy and robust tax collections - on the back of projected growth of 10.5 percent - to fund its spending in the fiscal year.
About 10 lakh bank employees and officers will participate in the strike, the United Forum of Bank Unions has said. Fearing job losses, the unions want the Centre to withdraw its plan to privatise state-owned banks.
It said the government's fiscal deficit for 2020-21 and 2021-22 should be lower than projected, supported by stronger revenue generation in ongoing March quarter and higher nominal GDP growth in the next fiscal year.
Over the last 12 months, midcaps are up 16 percent compared to a rise of 14 percent for the Nifty. Although they have underperformed benchmark over the last five years.
Increased spending on infrastructure development in sectors like agriculture, healthcare and automobiles will result in increased demand for petrochemicals, according to an official statement.
Asked whether India will be able achieve a $5-trillion economy target by 2024-25, former RBI governor Bimal Jalan said, "We are in 2021. So, four years are there and as of now, it does not seem that we will be able to reach that target."
Overseas investors poured in Rs 20,593 crore into equities and Rs 1,445 crore in the debt segment, taking the total net investment to Rs 22,038 crore during February 1-12.
The 15th Finance Commission had recommended constitution of Modernisation Fund for Defence and Internal Security (MFDIS), a non-lapsable dedicated fund to bridge the gap between projected budgetary requirements and allocation for internal security and defence.
The Cabinet had in November last year gave in-principle approval for strategic divestment of Shipping Corp and Container Corp of India Ltd. However, the plans were delayed due to the pandemic.
FM Nirmala Sitharaman said that despite government scheme and initiatives ranging from roads to agriculture, housing, scholarships to electricity benefiting lives of people, a false narrative was being created by the opposition that the government was working for cronies.
Nirmala Sitharaman said the Budget, which was presented in Parliament on February 1, has set the tone for greater play of the private sector, gave space for entrepreneurship, has come clean on the spending intent and unveiled a policy highlighting areas the government wants to stay away from.
The Union Finance Minister while reacting to opposition's allegation of 'selling family silver', stated that the government for the first time has devised a clear strategy on divestment so that taxpayers' money is spent wisely, adding it wants few public sector enterprises in specified sectors to do well.
Mumbai, Feb 6 The National Bank for Agriculture and Rural Development (Nabard) on Saturday said it has sanctioned Rs 30,200 crore and disbursed Rs ..
The BJP leader said the total budget allocation of Rs 30,757 crore for the Union Territory of Jammu and Kashmir would help boost the economic growth in the region.
The impact of this Budget will be that the country will not only see a very strong recovery this fiscal, but also in the following years, India will continue to grow at 7 to 8 percent, said Jayant Sinha, who was the minister of state for finance in the first term of the Modi government.
Union Budget had reduced import duties on many steel products. But industry observers say the latest hike and cut in prices of some products is not a result of the February 1 measures
The Congress had earlier slammed the budget, saying it was a "let down like never before”.
Along with ministers, the party's top leaders will also be addressing the people to talk about all the public welfare measures announced by FM Sitharaman in Union Budget 2021-2022.
In her Union Budget 2021 speech, Finance Minister Nirmala Sitharaman announced a National Bank for Financing Development (NaBFID) to help in the process of infrastructure financing in the country.