Page 77 - Budget 2026 News

Centre may cut fiscal deficit target slightly in Budget after revenue boost

Modi returned to power only with the support of coalition partners, who have been seeking more money for their states, already putting demands on the table for more than $15 bn in financial aid

48% of households facing earning, savings squeeze look to Budget for relief

A LocalCircles national survey of over 21,000 consumers revealed that nearly half (48%) expect their annual earnings to decrease in the coming fiscal year.

Budget 2024: TDP seeks grants for backward areas, timely Polavaram funding

The Telugu Desam Party raised three demands, including allocation of grants for backward districts, financial assistance for the development of Amaravati, and prompt fund release for Polavaram project

Union Budget 2024 to signal next steps for IDBI Bank privatisation

IDBI Bank's market capitalisation is around Rs 95,000 crore. The government could secure close to Rs 29,000 crore for the sale of 30.5% of its 45.5% stake

Budget 2024: PM Modi allies Nitish, Naidu demands billions, pile pressure

For now, it seems that Modi will likely be able to manage those demands without blowing out the budget deficit.

Budget 2024: Hospitality sector seeks infra status, single window clearance

Budget 2024: Industry leaders have urged Union Finance Minister Nirmala Sitharaman to accord infrastructure status for hotels across all categories built at a project cost of Rs 10 crore and above

PM Modi's new govt spending plans to remain in line with early projections

A modest expenditure plan could give an extra fillip to India's bond market, where benchmark yields are edging toward a 2-year low

Budget 2024: MRAI urges govt to remove import duty on aluminium scrap

The demand driver for aluminium in the next few years is going to be substantially higher due to India's projected higher growth of GDP

Govt should spend 2.5% of GDP on health sector, says FICCI panel chief

The Budget Session of Parliament will commence on July 22 and subject to exigencies of Government Business, the session may conclude on August 12

PwC recommends extension of beneficial tax regime for new manufacturing cos

Sitharaman is scheduled to present the Union Budget for 2024-25 on July 23

Food subsidies to cost 11% more than Interim Budget estimate: Report

The country's combined food and fertiliser bill is expected to reach Rs 3.88 trillion, up 5% rise from the estimate in the interim budget unveiled before the election

Experts predict Budget to boost clean energy investments with new measures

Their expectation is that the government may announce policy-related measures, viability gap funding (VGF) and incentive schemes for the clean energy industry, the experts said.

Budget 2024: ICC calls for changes in custom duty to boost manufacturing

Ahead of Budget 2024, to be tabled in the Parliament on July 23, the Indian Chamber of Commerce has called for streamlined customs duties and tax reforms to boost domestic manufacturing

India's economy poised for robust growth ahead of annual Union Budget

The budget is expected to see an increase in spending on infrastructure and welfare programmes such as rural housing

Govt should rationalise customs duty in Budget to boost domestic mfg: ICC

ICC President Ameya Prabhu said protective measures are needed for the growth of domestic industry in sectors including steel, solar battery, aluminum, and lithium cells.

Govt to stick to Feb budget targets despite losing majority, shows poll

While relying on some regional parties to form the government, the BJP has retained most ministers from its second term, signaling continuity in fiscal policy

The Balancing Act: Budget expectations of India's automobile sector

At the heart of the debate lies the future of automotive propulsion technologies

Budget 2024: Aluminium makers urge govt to up import duty on scrap to 7.5%

They have also sought maintaining the duty on primary aluminium imports at the current rate of 7.5 per cent or a marginal rise to 10 per cent

Union Budget 2024: FM participates in 'halwa' ceremony held at North Block

The traditional 'halwa' ceremony marks final stage for preparation of Union Budget 2024-25 to be unveiled on July 23 in Lok Sabha

Budget should focus on citizens' welfare, mfg sector: WB's chief economist

On a question concerning the correlation between coalition governments and economic reforms, he said single-party, majority-run governments are typically more effective in making policy