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
The budget underscores the government's belief that infrastructure is the bedrock of sustained growth
The commerce and finance ministries are working as a team to see which are the sectors that require maximum support in terms of availability of capital, technology upgradation, marketing
The Finance Minister has also been cognizant of the need to undertake regulatory reforms that are needed to ensure that the economy does not get bogged down and steams ahead
The jury is divided on whether this move has led to the expected inflow of investments
We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown, said FM Sitharaman
Under the proposed framework, any prescribed reporting entity dealing in crypto-assets will be required to furnish transaction details within a specified period
It would have been better had the government gone in for across-the-board Customs duty rationalisation instead of picking and choosing sectors across the board
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates