Page 8 - Union Budgets

Budget focused on economic resilience, creates opportunities for all

It carefully allocates public resources and commits to reduce the country's fiscal debt

BMC presents Rs 59,954.75 crore budget; 10.5% higher than last year

The Brihanmumbai Municipal Corporation (BMC), India's richest civic body, on Friday presented a Rs 59,954.75 crore budget for the year 2024-25. The budgetary estimates this time are 10.5 per cent more than the 2023-24 amount of Rs 54,256.07 crore. The civic administration presented the budget to municipal commissioner Iqbal Singh Chahal, who was appointed as BMC administrator by the state government after the five-year term of corporators ended in March 2022. The budget estimates for the financial year 2024-25 are proposed at Rs 59,954.75 crore, which exceeds the budget estimates of 2022-23, that is Rs 54,256.07 crore, by 10.5 per cent, said the budget document. This is the second time after 1985 that the BMC administration has presented the budget to an administrator as the five-year term of its corporators has ended.

Budget to boost healthcare sector, bolster bulk drug manufacturing: Expert

India's interim Budget would help in addressing some of the major challenges being faced by the country in the health and pharma sector and reinforce India's standing as the Pharmacy of the World, a well-known pharma industry association head has said. The Union Health Ministry has been allocated Rs 90,658.63 crore in the interim Budget for 2024-2025, a hike of 12.59 per cent over 80,517.62 crore in the Budget (revised estimates) for 2023-2024. Finance Minister Nirmala Sitharaman said the government plans to set up more medical colleges by utilising existing hospital infrastructure and will form a committee to examine the issues and make relevant recommendations. India's commitment to promoting research and development in the life sciences sector will receive a boost with the government's plan to establish more medical colleges in the country, Karun Rishi, president of the USA India Chamber of Commerce said on Thursday. "This initiative will improve healthcare services and contribu

Govt continues to be bright spot of world despite challenges: Piyush Goyal

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 ...

Decadal perspective: Tax base is becoming deeper, wider under Modi govt

Direct tax collections have more than trebled over the last decade

Decadal perspective: Modi govt has pushed the pedal on growth, technology

Focus on technology and encouraging research and development to fuel innovation

USIBC President hails India as a 'pillar of stability' in uncertain world

He underscored the mutual recognition that both the United States and India are leading global job creation and prosperity

Record 10th anti-farmer, anti-people Budget in a row, says Kisan union

The All India Kisan Sabha also claimed that the allocation of resources for women and children, and for Scheduled Castes and Tribes, has also been cut drastically

Union Ministers laud 'inclusive Budget', Oppn terms it 'election Budget'

PM Modi, in his first post-budget remarks, said that the Interim Budget empowers the four pillars of Viksit Bharat

Interim Budget 2024 supports economic growth story for India: USISPF chief

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

No changes in tax regime: Palkhiwala would have been pleased

His constant lament was that he longed for a budget, which would make zero changes in the Income Tax Act

Interim Budget 2024: India's economic future bright, in capable hands

While the IMF estimates the Indian economy to grow at 6.7 per cent in 2023-24, there is no other comparable economy that is growing as rapidly as India

A Budget for extracting outcomes from outlays given to Indian Railways

The year 2023 was a golden era for Railways' passenger business. Intercity passenger journeys at the end of Q3FY24 touched 2.2 billion, a 16 per cent growth over the previous year

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