A Higher Bar In Fiscal Governance
The Interim Budget has raised the bar in fiscal governance with a bundle of promises for the full Budget to take India's economy on a new trajectory.
The Interim Budget has raised the bar in fiscal governance with a bundle of promises for the full Budget to take India's economy on a new trajectory.
Finance Minister raises infrastructure outlay for the next fiscal by 11.1%.
Fiscal deficit for the current financial year has been revised to 5.8% of GDP, in comparison with 5.9% earlier.
The budget estimates document shows that the interim budget has provided a capital outlay of ₹3,500 crore under the production-linked incentive (PLI) scheme for automobiles and auto components.
One of the immediate impacts of this Budget was on India’s 10 Year Bond Yield which went down by 1.09% as compared to a day ago and stood at 7.066 at the time of writing this article.
Sitharaman says the India Middle East Corridor (IMEC) project has long-term implications for the entire region up to Europe
While the government announced ₹5,172 crore outlay for the FAME scheme last year, it has been revised to ₹4,807 crore for the current fiscal.
In the interim budget 2024-25, the government has allocated ₹11.11 lakh crore towards capital expenditure, up 11.11% from ₹10 lakh crore allocated in 2023-24.
The Nifty PSU Bank hit a fresh all-time high of 6,438.10 points today, with all 12 constituents flashing in the green zone.
There are a large number of petty, non-verified, non-reconciled or disputed direct tax demands many of them dating back as far back as 1962, says Nirmala Sitharaman.