Page 239 - Economy & Policy News

No immediate upgrade of India's sovereign rating: Moody's after Budget 2025

While India is making strides toward fiscal discipline and inflation control, Moody's maintains that for a rating upgrade, a substantial reduction in the debt burden is essential

Budget 2025: Govt ups allocation for electronics PLIs, semicon, AI by 84%

The allocation for semiconductor projects has been more than doubled to Rs 2,499.96 crore for 2025-26 from Rs 1,200 crore revised allocation for the current fiscal

Union Budget allocates Rs 1,024 cr for expenditure, salaries of ministers

The National Security Council Secretariat has been allocated Rs 182.75 crore, against Rs 270.08 crore allotted in 2024-25

Export Promotion Mission to help promote shipments, says Piyush Goyal

Commerce and Industry Minister Piyush Goyal on Saturday said issues which could be part of the mission include ways to extend credit to the exporting community at affordable rates

UK businesses 'encouraged' by Budget focus on growth, trust-based approach

The FDI limit in insurance is now 100 per cent, as long as companies reinvest the full premium in India. This is a major boost for global players looking to expand, said IGF Founder Manoj Ladwa

Coal minister calls budget 'empowering for farmers, women, entrepreneurs'

The budget introduced major economic reforms that will enhance 'Ease of Doing Business', expand access to finance for MSMEs, startups, and entrepreneurs, and foster a strong investment environment

Chhattisgarh CM hails Union Budget as 'historic for middle class, farmers'

Sai said revolutionary decisions have been taken in the health sector too, including setting up 200 day care cancer centres across the country and exempting 36 life-saving drugs from tax

Govt projects dividend income of Rs 2.56 trn from RBI, PSBs in FY26

In current financial year, receipts from dividend/surplus of RBI, nationalised banks and financial institutions are estimated at Rs 2.34 trillion, about Rs 1,410 crore higher than previous estimates

Budget: Law min gets Rs 14k cr for carry forward spending on LS polls, EVMs

The legislative department in the law ministry is the nodal agency for the Election Commission (EC), polls, electoral laws and appointment of members to the poll panel

Budget 2025: Centre boosts Tribal ministry funding by 45%, focus on infra

Under PMAAGY, funds are provided to states and union territories with Scheduled Tribe (ST) populations to improve education, healthcare, agriculture, skill development and employment opportunities

Union Budget will help accelerate Bihar's growth, says Nitish Kumar

Kumar, whose JD(U) is a key constituent of the ruling BJP-led NDA at the Centre, also profusely thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman

Rahul Gandhi criticises Union Budget as 'band-aid for bullet wounds'

The Congress earlier criticised the Union Budget as bereft of cure to "illnesses" of stagnant real wages, lack of buoyancy in mass consumption, sluggish rates of private investment

Budget 2025: Civil aviation gets Rs 2,400 cr, UDAN funds cut to Rs 540 cr

In the next fiscal, Air India Asset Holding Ltd will get a slightly higher allocation of Rs 1,025.51 crore compared to Rs 1,017.67 crore in the current financial year

'Tax cuts to boost consumption', say top executives across sectors

The government's plan is estimated to help around 25-30 million personal tax payers save about 100,000 rupees annually, according to Kamal Bali, managing director of Volvo Group India

Economic Survey: 8% growth needed to reach 'Viksit Bharat' goal by 2047

Investment, jobs, and deregulation vital for India's development

OOPE declines, school enrolments rise as social expenditure surges: Survey

Economic survey says India could attain WHO doctor availability norms of 1:1000 by 2030

India's January Russian crude oil purchases surge despite sanctions

Russian shipments averaged 1.67 million barrels per day in January compared to 1.48 million bpd in December and 1.53 million bpd a year earlier

Skilled labour, simplification of regulations to propel services: Survey

According to the Economic Survey 2024-25, its share in total GVA at current prices has risen from 50.6 per cent in FY14 to around 55 per cent in FY25

Globalisation may be a thing of the past, says CEA V Anantha Nageswaran

Addressing a press conference on the Economic Survey 2024-25, Nageswaran told reporters, "Regulations disproportionately affect small businesses

Key infra sectors' growth slows to 4% in Dec 2024, shows govt data

On a monthly basis, the growth rate in the production of these sectors was lower than the 4.4 per cent expansion recorded in November 2024