The global economic uncertainties have impacted foreign direct investment (FDI) but despite these challenges, India will continue to be the bright spot of the world for overseas players, says Commerce and Industry Minister Piyush Goyal. While signing free trade agreements (FTAs) or bilateral investment treaties (BITs), the government always ensures the terms are best for India, Goyal told PTI in a post-budget interaction. Finance Minister Nirmala Sitharaman in her budget speech on Thursday said India is negotiating BITs with different countries in the spirit of 'first develop India'. She said that geopolitically, global affairs are becoming more complex and challenging with wars and conflicts. "The global uncertainty has certainly impacted FDI, particulary considering that the interest rates in the US and other developed countries have massively seen a spike," Goyal told PTI. He said that because of the high interest rates, there was a reverse flow of capital towards developed ...
Focus on technology and encouraging research and development to fuel innovation
He underscored the mutual recognition that both the United States and India are leading global job creation and prosperity
The Interim Budget 2024 is expected to undergo thorough scrutiny and debate in the coming days in Parliament as stakeholders assess its potential impact on the nation's economic trajectory
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Here is the best of Business Standard's opinion pieces for today
Proposal will give 'some breather' business set up in GIFT city, she says
Our government stands committed to strengthening and expanding the economy with high growth, and to creating conditions for people to realise their aspirations, she said
But no increase in PM-KISAN amount surprises experts
The key change on the expenditure side is the focus on outcomes as well as saturation of beneficiaries
The Finance Minister clearly mentioned that the government will rely less on market borrowings and, thereby, facilitate more credit availability for the private sector from the banking system
It is conservative in its arithmetic and will help lower interest rates
In a Budget celebrating the achievements in the last decade, there are few announcements with any fiscal magnitude attached
Sitharaman announced that the government will continue its support for manufacturing and charging infrastructure
Cabinet approves marketing margins for domestic gas provided for fertiliser production
Outlay for infrastructure has been increased to Rs 11.11 trillion in FY25, gets mixed reactions from the industry
Proposal expected to help 10 million taxpayers, clean up government books
Scheme of fifty-year interest free loan for capital expenditure to continue with total outlay of Rs 1.3 trillion
Leaders of several parties of the INDIA opposition bloc would meet here on Friday morning to chalk out their joint strategy during the budget session of Parliament. Sources on Thursday said the leaders would meet in the chamber of Leader of Opposition in the Rajya Sabha Mallikarjun Kharge at 10.30 am on Friday and discuss their joint strategy. Various parties of the Indian National Developmental Inclusive Alliance (INDIA) have been coordinating their floor strategy during Parliament sessions and have moved unitedly to corner the BJP-led Centre on various issues.
Proposals will lead to safety and higher travel speed for passengers, says Finance Minister