Page 22 - Budget

Israel cabinet set to vote on 2024 wartime budget, higher deficit

Israel last year approved a two-year budget for 2023 and 2024, but the war against Hamas in Gaza has shaken government finances, requiring budget changes and additional spending

IIP growth at 8-month low in November, retail inflation rises in December

Retail inflation in December, on the other hand, rose to a four-month high because of a seasonal spike in the prices of vegetables, fruits, and pulses that the Reserve Bank of India has already factor

Fiscal deficit at 5.2-5.4% in interim Budget 2024-25: Goldman Sachs

While income taxes and corporate taxes are expected to grow at around 15 per cent in FY25, the government is likely to lower its target for disinvestment in the next fiscal year

Centre may peg FY25 fiscal deficit at 5.3% in interim budget: Goldman Sachs

Interim Budget 2024: The Centre will keep a focus on increasing the capital expenditure but it will most likely be at a slower pace than earlier, says Goldman Sachs

Parliament session from January 31, FM to present Interim Budget on Feb 1

Union Minister Pralhad Joshi said that the Interim Budget session will commence with President Droupadi Murmu addressing both Houses of Parliament

Interim Budget likely to assume peak crude oil price at $85 per barrel

Brent crude prices moved up on Thursday, ending at $78.9 per barrel

Budget 2024 wishlist: Gaming industry seeks clarity on regulation, taxation

Firms expect Budget to address concerns on consumer/player protection, without stifling innovation

Budget session of Parliament likely between January 31 and February 9

A brief Budget session of Parliament is likely to be held between January 31 and February 9, sources said on Thursday. President Droupadi Murmu will address a joint sitting of the two houses on January 31, they said. The government would present a vote-on-account or an 'interim budget' on February 1. The new government will present a full-fledged budget later. Since the term of the 17th Lok Sabha ends on June 16, it is set to be the last session of Parliament before general elections are announced. In 2019, the Lok Sabha polls were announced on March 10 and voting was held in seven phases between April 11 and May 19.

Disinvestment target for FY25 likely to be pegged below Rs 50,000 cr: Icra

Interim Budget 2024: For FY24, the Centre had set a disinvestment target of Rs 51,000 crore but has only been able to meet one-fifth of it so far

Best of BS Opinion: Mutual benefits, Budget and electoral tailwinds & more

Here is the best of Business Standard's opinion pieces for today

Budget and electoral tailwinds

With limited fiscal space, the Budget needs to take advantage of the ruling party's recent electoral wins

Interim Budget 2024: Govt may allocate Rs 2.2 trillion for food subsidy

The ongoing financial year's food subsidy has already surpassed the allocated Rs 1.97 trillion in Budget 2023-24

Steel industry hopes Budget will focus on infra, fair trade measures

Companies want support for capacity addition and anti-dumping measures against substandard imports

Will govt compromise on capex for fiscal consolidation ahead of polls?

National Democratic Alliance governments have not compromised on capex for fiscal consolidation so far, at least in their concluding years

Focus on infra, agri, education, sports in budget for 2024-25: Soren

Jharkhand Chief Minister Hemant Soren on Monday held a meeting with officials to review preparations for the state budget for the 2024-25 fiscal. He directed the officials to focus on infrastructure, education, sports, industry, health, agriculture, electricity, water supply, road, housing and social security in the upcoming state budget. Taking stock of the preparations for the budget for the next fiscal at the state secretariat, the CM said that special focus should be given to villages, agriculture, farmers and youths in the budget. Strengthening the rural economy is the priority of the state government, he said. he CM added that a better budget should be prepared keeping in mind the priorities and aspirations of all the people. Welfare of the poor is the aim of our government. The benefits of state government schemes should reach the last person, he said. State finance minister Rameshwar Oraon, chief secretary L Khiyangte and other senior officials were also present in the ..

Interim Budget 2024-25: Funds to boost reach on fintech industry wishlist

They hope for provisions to ease financial burden on fintechs and tax-saving benefits to startups

Containing fiscal deficit at 5.9%: Low nominal GDP growth a challenge

The Budget had assumed nominal GDP to grow 10.5 per cent during 2023-24, but advance estimates have projected it to expand by just 8.9 per cent

Budget 2024: Bank privatisation plan unlikely before elections, says report

Nirmala Sitharaman, while presenting Budget 2021-22, had announced the privatisation of public sector banks as part of the disinvestment drive to garner Rs 1.75 trillion

Centre expected to maintain fiscal discipline in Interim Budget 2024

Interim budget likely to prioritise fiscal consolidation over populist spending, anticipating fiscal deficit at 4.5% of GDP by FY26

Union Budget 2024: A breakdown of how India earns and where it spends

The Union Budget draws its major share from borrowings and liabilities, constituting the largest chunk of 34 per cent