Page 34 - Indian Economy

Made sure we're ready for 'Make in India, for the world': FM Sitharaman

"The Prime Minister decided that we need to recognise the taxpayers and their contribution, and if there's a way in which we can reward them, we should. Yes, it will lead to consumption"

Revised Customs duty now closer to Asean average: CBIC Chairman Agarwal

Sanjay Kumar Agarwal spoke about the need to amend rules in the Central Goods and Services Tax Act to overturn the Supreme Court's (SC's) order in the Safari Retreats case

Budget at a glance: Here're the key numbers from Union Budget 2025

FM announced significant income tax cuts for the middle class and unveiled a blueprint for next generation

Sector Watch: From tech to auto, how the Budget affects key sectors

Broadband connectivity to all government secondary schools and primary health centres

A pro-growth Union Budget 2025-26 marked by coherence and consistency

The Budget represents a continuation and an acceleration of the government's multi-pronged economic development strategy

Budget sets a comprehensive blueprint for India's economic growth

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

Budget 2025: Govt plans to reduce debt-to-GDP ratio to 47.5-52% by FY31

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

Budget 2025: We've responded to the voice of the people, says FM Sitharaman

We continue to place emphasis on the multiplier effect that capital expenditure done by the government has shown, said FM Sitharaman

The need for strategic thinking: Focusing on big gains in key areas

We need to be strategic to husband our policy reform resources, devoting energy to a few important areas that will materially impact the investment environment for private persons

Union Budget 2025-26: Igniting growth engines for 'Viksit Bharat'

For India to grow rapidly it needs to create more jobs and opportunities for the youth

Charting a new growth path: Budget pushes gender budgeting to 8.9% in FY26

A new scheme will support 500,000 women, SC, and ST first-time entrepreneurs with term loans of up to Rs 2 crore during the next five years

Gross GST revenue rises 12.3% to about Rs 1.96 trn in January: Govt data

For the previous month, India's GST collections rose 7.3 per cent to Rs 1.77 trillion

Fiscally prudent, reforms-driven Budget paves way for future growth

The focus on uplifting 17 million farmers in 100 weakest farming districts is a step towards ensuring equitable development across the country

Union Budget 2025-26: Fiscal deficit broadly in line with expectations

Revenue spending growth of 6.7 per cent is somewhat higher than our forecast

Market Today: Budget 2025; Fiscal Deficit; Trump tariffs; Gold; SMID stocks

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

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

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

Profitability vs hiring in India Inc needs a relook, says CEA Nageswaran

He spoke about investments from China, India's potential to develop cost-effective artificial intelligence solutions, and the role of India Inc in driving demand

The growth path: Economic Survey 2025 presents a realistic assessment

It discussed the medium- to long-term challenges in detail, which should guide policymaking

The changing face of the Dalits: Budget as a catalyst for empowerment

The biggest angst of Dalit groups is the issue of manual scavenging

Forex reserves increase $5.57 billion to $629.55 billion, shows data

India's forex reserves increased USD 5.574 billion to USD 629.557 billion in the week ended January 24, the Reserve Bank said on Friday. In the previous reporting week, the overall kitty had dropped USD 1.888 billion to USD 623.983 billion. The reserves have been on a declining trend for the last few weeks, and the drop has been attributed to revaluation, along with forex market interventions by the Reserve Bank of India (RBI) to help reduce volatilities in the rupee. The forex reserves had increased to an all-time high of USD 704.885 billion in end-September. For the week ended January 24, foreign currency assets, a major component of the reserves, increased USD 4.758 billion to USD 537.891 billion, as per the RBI data. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves. Gold reserves increased USD 704 million to USD 69.651 billion during the