Page 2 - Budget And Economy

India is indeed an oasis of macro stability: CEA V Anantha Nageswaran

CEA V Anantha Nageswaran says India can grow 6.8-7.2% in FY27 despite global uncertainty, citing domestic reforms, resilient consumption and strong fundamentals

M Nagaraju to V Anantha Nageswaran: Meet Sitharaman's team for Budget FY27

As Nirmala Sitharaman prepares to present her ninth Budget, a new team of top bureaucrats and economists will shape India's FY27 fiscal and reform roadmap

Budget 2026: Vedanta urges policy push for low-grade iron ore beneficiation

Vedanta's iron ore mining arm, Sesa Goa, has urged the government to provide incentives for low-grade iron ore beneficiation, emphasising that targeted policy support and infrastructure investment are critical to make the processing economically viable and to expand the sector. The low-grade iron ore beneficiation process enhances the iron content of low-quality ores by removing impurities like silica, alumina, and phosphorus, thereby making them suitable for steel production. With India's steel demand projected to reach 300 million tonnes by 2030, unlocking low-grade reserves through beneficiation could boost domestic supply security, create jobs, and add billions to government revenues via expanded mining and exports. Currently, higher-grade ore meets domestic needs, but low-grade stockpiles offer untapped potential, provided policy hurdles like duties and regulatory delays are eased. "India sits on massive low-grade iron ore inventory estimated at over 300 million tonnes at min

India to stick to fiscal consolidation path in Budget, say economists: Poll

Capital spending has risen more than fivefold over the past decade and has been a key contributor to recent strong growth in Asia's third-largest economy

Neutral policy, predictable rules needed for investment-led growth

Fiscal restraint and policy stability are key for a pivot from consumption to investment led growth

Budget 2026: Exporters seek fix for inverted duty structure, lower taxes

Ahead of Budget FY27, exporters seek correction of inverted duties, lower taxes for MSME manufacturers and targeted support for shipping and R&D

Ahead of FY27 Budget, agri leaders seek tech push to drive growth

Ahead of the FY27 Budget, agriculture industry leaders and experts are making a strong pitch for increased investments in digital infrastructure, climate-resilient farming practices, and technology adoption to transform a sector that employs nearly half the country's workforce but contributes less than a fifth to national output. With agriculture and allied sectors supporting about 45 per cent of India's workforce while contributing only around 18 per cent to the gross value added, industry voices say Budget 2026-27 presents a critical opportunity to reposition the sector as an engine of economic growth rather than just a welfare concern. "Agriculture is increasingly being recognised not merely as a welfare sector, but as a credible engine of economic growth -- one that can drive productivity, employment, rural demand and resilience," said Amit Vatsyayan, Leader, GPS-Agriculture, Livelihood, Social and Skills at EY India. Dairy sector seeks support Heritage Foods Ltd Executive ...

Datanomics: India may not surpass Japan as 4th-largest economy in FY26

India's economy is growing faster than peers, but a weakening rupee may delay its move past Japan to become the world's fourth-largest in dollar terms

Union Budget 2026: Tracking what Budget 2025 promised and delivered

With the Union Budget 2026 around the corner, here is a status check on Budget 2025 promises, from tax reforms and insurance FDI to manufacturing, gig workers and innovation funding

Budget 2026-27: CII suggests reforms to drive investment-led growth

Industry lobby CII has proposed a comprehensive set of reforms for the forthcoming Union Budget 2026-27 to drive sustained investment growth spanning public, private, and foreign investments and maintain India's momentum as one of the world's fastest-growing major economies. The Confederation of Indian Industry (CII) suggested increasing central capital expenditure by 12 per cent and capex support to states by 10 per cent in FY27; launching a Rs 150 lakh crore National Infrastructure Pipeline (NIP) 2.0 for 2026-32; offering incremental tax credits or compliance relaxations for firms achieving significant new investment, production, or tax contribution milestones; and establishing an NRI Investment Promotion Fund. It also called for reinstating accelerated depreciation benefits to further incentivise fresh capital expenditure and technology upgrades, particularly for MSMEs and manufacturing industries, provided the measure is structured to stimulate modernisation without triggering ..

Rupee gains on exporter dollar sales, foreign inflows; best in Asia Tuesday

The rupee strengthened to 89.88 per dollar on exporter dollar sales and foreign inflows, leading Asian peers on Tuesday, though analysts said structural demand-supply pressures persist

India's next Budget must balance fiscal discipline with growth push

The phasing out of the import of Russian oil might increase the cost of importing crude oil and escalate Budget expenditure

20 states spent 26% of budgeted capital expenditure in H1 FY26: CAG data

Among the states analysed, Telangana emerged as the frontrunner with the highest utilisation at 60.8 per cent, followed by Kerala at 43.6 per cent, and Madhya Pradesh at 39.9 per cent

Built for What's Next: How Jaro Designs Programs for Emerging Tech, Not Yesterday's Trends

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Nepal govt announces budget of nearly Rs 2,000 billion for 2025-26

Nepal's Deputy Prime Minister and Finance Minister Bishnu Paudel on Thursday unveiled a budget of approximately NPR 1,964 billion for the upcoming fiscal year 2025-26. Paudel allocated NPR 730 million in subsidised loans to support startups in the budget, which was presented during the joint session of the Parliament. The loan scheme will be offered at a concessional interest rate of just 3 per cent and is aimed at encouraging innovation and entrepreneurship, particularly among the Gen-Z people (those born between 1997 and 2012). For the social security allowance, the government has allocated NPR 109 billion in the budget, which will take effect from mid-July. Similarly, NPR 10 billion has been set aside for health insurance. Additionally, to attract international students, free visas will be offered as part of a scheme outlined in the budget to foreign students wishing to pursue higher studies in Nepal.

Western, southern states dominate in key metrics: Careedge Ratings

States in Western and Southern India "dominate" in the key metrics, an annual survey released by a domestic rating agency said on Tuesday. The agency assessed states on the basis of economic strengths, fiscal situations, financial development, infrastructure, social situations, governance, and environment. "Western and Southern states dominate the top five rankings," Careedge Ratings said. Fiscal, economic and financial development pillars are strong points for Western states, while the Southern states performed well across the economic, financial development, environment, and governance pillars, the study said. Maharashtra has emerged as the best in overall composite rankings, followed by Gujarat and Karnataka in an annual analysis carried out by the rating agency. The state topped in the financial development pillar and performed strongly across the economic, fiscal and social pillars, it added. Gujarat, its neighbour to the north-west, scored on its leading economic rank, ...

Lenders add 25K beneficiaries under Tarun Plus category of Mudra Yojana

Lenders have added about 25,000 beneficiaries under the Tarun Plus category of PM Mudra Yojana (PMMY) in a 4-month short period of FY25 where borrowers were given enhanced loans up to Rs 20 lakh. The scheme was announced by Finance Minister Nirmala Sitharaman in her last July Budget. As per the Budget 2024-25 announcement, loan limit was doubled to Rs 20 lakh for those entrepreneurs who have availed and successfully repaid previous loans under the 'Tarun' category. Following the Budget announcement, the Tarun Plus scheme was notified on October 25, 2024. As many as 24,557 new borrowers took loan under the Tarun Plus category amounting to Rs 3,790 crore in a short period of four months during FY25, Financial Services Secretary M Nagaraju told media while briefing about achievements of PMMY. He further said that generally Rs 5-6 lakh crore loans are sanctioned under the scheme in a year of late. The PMMY was launched on April 8, 2015 by Prime Minister Narendra Modi with the goal of

Himachal Pradesh budget FY26 passed: Focus on rural economy, farmers, youth

Addressing government employees, the Chief Minister assured timely payment of Dearness Allowance (DA)

Budget 2025 paves way for stronger workforce, growing economy: PM Modi

PM Modi emphasized that investments have been prioritized equally across infrastructure, industries, people, economy, and innovation

BS Manthan highlights: US protective of its top dog status, it feels beleaguered, says Suman Bery

Business Standard Manthan highlights: Catch all the latest developments from the summit here