Consumers remain pessimistic regarding the current economic situation possibly due to increased prices of essential items
Latest allocation continues five-year trend of declining defence spending as a share of GDP and budget, with FY26 showing a slight recovery in the latter but remaining unchanged in the former
FM announced significant income tax cuts for the middle class and unveiled a blueprint for next generation
Reduction in sovereign debt-to-GDP ratio requires a decline in fiscal deficit in proportion to GDP
Global interest in small modular reactors has been increasing due to their ability to provide flexible power generation and base-load power for a range of applications, says NITI Aayog report
This comes at a time when urban consumption is under pressure, as reflected in fast-moving consumer goods (FMCG) companies' October-December quarter results
Share of middle class in income tax increased till 2023-24 while TDS has been rationalised by reducing the number of rates and adjusting threshold limits
Buying in consumption-related sectors after Sitharaman exempted annual income of up to Rs 12 lakh from income tax
Currently, over 1 crore registered MSMEs, employing 7.5 crore people and generating 36 per cent of our manufacturing, have come together to position India as a global manufacturing hub
Broadband connectivity to all government secondary schools and primary health centres
Derailments are the top cause for accidents, with collisions and fire being distant second and third. In 2022-23, there was a spurt in the first two accident types
FM proposes Rs 1.5 trn outlay for 50-yr interest-free loans to states for capex
The Budget represents a continuation and an acceleration of the government's multi-pronged economic development strategy
The Indian Railways needs a well-thought-out business model and a master plan for successfully implementing the light and express cargo transportation...this job must be entrusted to consultants
The private sector has pulled back spending on new factories and other long-term assets, while government infrastructure projects, such as new roads, have also slowed
Benchmark indices ended flat in a special trading session on Saturday
Finance Minister Nirmala Sitharaman has kept the outlay provided for capital expenditure (capex) in the Railways at Rs 2.65 trillion, almost the same as the 2024-25 budget estimate
Higher collections have also resulted in calls to use the opportunity to simplify the goods and services tax structure
The FM announced income tax relief for middle-class households to the tune of $12 billion (0.3 per cent of GDP), which is expected to give a significant boost to urban consumption and savings
The six-year roadmap until FY31 aims to bring down the debt-to-GDP ratio to a range of 47.5-52 per cent from 57.1 per cent in FY25