Page 8 - Union Budgets

FM Sitharaman's interim Budget tries to focus on achieving long-term growth

The key change on the expenditure side is the focus on outcomes as well as satu­ration of beneficiaries

FM Sitharaman's Interim Budget is high on confidence, not on populism

FM overperforms on deficit, stays away from sops, pushes feel-good factor by ending old tax disputes, lists out decade of development

Interim Budget 2024-25: Conservative, consistent and inclusive

The numbers assumed in the Budget are conservative and chances are high that the government will do better

Interim Budget is very inclusive, forward-looking: Artist Paresh Maity

This Budget is very inclusive and looks after the needs of various strata of society. It focuses on growth of clean energy, tourism etc

Decadal perspective: Filing of tax returns made easier under Modi govt

Most taxpayers are concentrated in a few states. The top seven account for over 60 per cent of the non-zero returns

Budget 2024: Govt to bolster EV ecosystem in the country, says Sitharaman

Sitharaman announced that the government will continue its support for manufacturing and charging infrastructure

Decadal perspective of Modi govt: State finances recovering from pandemic

Scheme of fifty-year interest free loan for capital expenditure to continue with total outlay of Rs 1.3 trillion

Interim Budget: Gross market borrowing music to ears of bond market

In the current year, the gross market borrowings are estimated at Rs 15.4 trillion, and the net borrowing at Rs 11.8 trillion - the highest-ever government borrowing programme

Interim Budget: Govt remains steady in its course and its objectives

Another critical point that is not really addressed in the Interim Budget of the finance minister is the fact that private investment is not moving up broadly and fast enough

Decadal perspective of the Modi government: Turn of the business cycle

Three major economic corridors for port connectivity, high traffic density, and an energy, mineral and cement corridor project

Decadal perspective: Stock market has more than doubled under the Modi govt

Negotiation of bilateral investment treaties with other countries may help bring more foreign direct investment into India

Interim Budget: Disinvestment, monetisation target set at Rs 50,000 crore

Current goal pared down to Rs 30,000 cr

Interim Budget: Share of capex allocation jumps to 30-year high in FY25

The headline figure of Rs 11.1 trn is 11.1% higher than FY24, says Finance Minister

Interim Budget 2024-25: FMCG companies laud Centre's economic nudge

Expect employment opportunities to drive consumption

Budget 2024: Sitharaman bats for developing iconic tourist destinations

The finance minister announced that long-term interest-free loans will be provided to states for financing the development of iconic tourist centres

Govt extends animal husbandry infra fund worth Rs 29,610 cr till 2025-26

The Union Cabinet on Thursday extended the Animal Husbandry Infrastructure Development Fund (AHIDF) till 2025-26. In June 2020, the government had approved setting up of AHIDF worth Rs 15,000 crore. According to an official statement on Thursday, the Cabinet approved the "continuation of Animal Husbandry Infrastructure Development Fund (AHIDF) to be implemented under Infrastructure Development Fund (IDF) with an outlay of Rs 29,610.25 crore for another three years up to 2025-26." The scheme will incentivize investments for dairy processing and product diversification, meat processing and product diversification, animal feed plant, breed multiplication farm, animal waste to wealth management (Agri-waste management) and veterinary vaccine and drug production facilities. "Government of India will provide 3 per cent interest subvention for 8 years including two years of moratorium for loan up to 90 per cent from the scheduled bank and National Cooperative Development Corporation (NCDC)

Interim Budget 2024-25: 'Staying with capex, infrastructure thrust'

The Interim Budget provides a good roadmap to the full Budget expected in July, along with an overarching vision towards a developed India by 2047

Bond yields soften 8 bps after lower-than-expected fiscal deficit target

Fiscal deficit target lower than expected; room for RBI to cut rate

Interim Budget 2024-25: 'Commitment to fiscal prudence and growth'

India has emerged as one of the most preferred destinations for global investors

Interim Budget: Rs 2,502 cr allocated to law ministry, Rs 385 cr to EC

The Election Commission has been granted Rs 385.67 crore for conducting elections this fiscal, according to documents provided after the presentation of the interim budget on Thursday. Lok Sabha elections are due this summer and could be announced sometime in March. The Law Ministry ministry has been provided Rs 2,502.30 crore this fiscal and Rs 34.84 crore in 2024-25 for procurement of electronic voting machines (EVMs) for the poll panel. The sum is meant for providing funds to the Election Commission for procurement of Ballot Units, Control Units and Voter-Verifiable Paper Audit Trail (VVPAT) Units by the Election Commission and ancillary expenditure on EVMs and destruction of obsolete EVMs. One control unit, at least one ballot unit and one VVPAT unit make up for one EVM. An expert committee oversees the destruction of old EVMs. An EVM has an average shelf life of 15 years. The poll authority has also been provided Rs 306.06 crore for elections under budget 2024-25. The legis