Announced by Finance Minister Nirmala Sitharaman, this initiative is part of India's strategy to position itself as a global hub for electronics system design and manufacturing
The government will establish cancer care centres in every district across India by FY25
Under this mission, the department of commerce, micro, small and medium enterprises (MSME), and the finance ministry will set export-related targets for various sectors
To help MSMEs scale up operations, enhance technological capabilities, and access capital, the Union Budget has introduced enhanced investment and turnover limits for MSME classification
As Finance Minister Sitharaman has mentioned that the revenue foregone would be Rs 1 trillion, one can assume that it would lead to Rs 70,000 crore of consumption
Nirmala Sitharaman is India's first full-time female Finance Minister. By presenting her eighth budget, she strengthens her place in India's political and economic history
From fiscal deficit to defence spending and external debt, Budget 2025 will reflect the government's strategy to balance fiscal prudence with growth ambitions
At 12:30 PM, BSE Sensex was trading 0.64 per cent higher at 77,253.98 levels. Similarly, Nifty50 was trading 0.82 per cent higher at 23,439.55 levels
Finance Minister Nirmala Sitharaman will present her eighth consecutive budget today. This will also be the second budget under the third term of the Modi administration
Chief Economic Advisor V. Anantha Nageswaran, in the survey's preface, emphasised the need for "strategic thinking" to avoid geopolitical risks
Between April and October 2024, Indian Railways launched 17 new pairs of Vande Bharat trains and manufactured 228 new coaches, keeping pace with last year's expansion
We broadly concur with the Survey's assessment of a pick-up in rural demand on the back of improved crop output, disinflation, and an uptick in domestic investment activity
Prime Minister Narendra Modi on Friday hinted at new initiatives for the poor and middle class as well as women as he laid out his government's vision a day before the Union Budget is presented in Parliament. Modi began his customary pre-session remarks to the media by invoking Lakshmi, the goddess associated with wealth and prosperity, and said he prayed for special blessings for the poor and middle class. Stressing the importance of ensuring equal rights for women free from religious and sectarian differences, he asserted that significant decisions towards the goal will be taken during the Budget Session, which started from Friday. He emphasised the importance of establishing the dignity of women, who have been at the centre of the ruling BJP's welfare measures. Modi said several historic bills and proposals will be discussed in this session, leading to laws that will strengthen the nation. President Droupadi Murmu in her address to the joint sitting of Parliament also underscor
India's economy is expected to grow between 6.3 per cent and 6.8 per cent in FY26. Chief Economic Adviser believes India is on a steady growth path while globalisation is slowing down
In its Real State of the Economy report, Congress has accused the Centre of steering India toward a 'middle-income trap.' Here's what it means
Budget session latest highlights: Finance Minister Sitharaman tabled the Economic Survey today ahead of the presentation of the Budget. Catch the latest developments related to Union Budget here
The Economic Survey, tabled by Finance Minister Nirmala Sitharaman on Friday, said food inflation surpassed 8 per cent at several points in FY25 (April-December) due to supply disruptions
The President also offered condolences to those who lost their lives in the Kumbh Mela stampede at Prayagraj
Back home, at 6:40 AM, GIFT Nifty futures indicated a strong start, up 71 points at 23,489
The Union Budget 2025 will be presented in the Parliament by Finance Minister Nirmala Sitharaman in a 'red bahikhata' on Saturday, 1st February