Even though collation politics may make it challenging to pass legislation on the more ambitious parts of the government reform agenda in areas like agriculture, land, labour, and judicial, experts believe that no substantial policy changes could be proposed during the Budget. “We strongly believe (and hope) that there will not be substantial changes in … Read more
Among the key sectors, India’s agriculture sector is expected to grow at a rate of six per cent in the current fiscal 2024-25 (FY25). Experts say that the farm and agri sector has grappled with strenuous challenges such as drought, adverse weather conditions, the impact of climate change, and inflationary pressures. Also Read: Russia’s crude … Read more
Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more
The interim budget laid out several key measures that are likely to assist rural employment and boost farmer income amid a weak demand for packaged goods reported from villages. However, companies said the budget did little to address subdued consumer demand among lower middle income households. Finance minister Nirmala Sitharaman announced in the interim budget … Read more
The government intends to bolster agriculture and allied sectors, including food processing, through enhanced private and public investment in post-harvest activities such as aggregation, modern storage, efficient supply chains, and marketing, finance minister Nirmala Sitharaman said while presenting the interim budget for FY25 on Thursday. The minister also said the government will formulate a comprehensive … Read more
In its latest budget presentation, the Narendra Modi-led government reaffirmed its commitment to bolstering capital expenditure (capex) and maintaining fiscal discipline, a strategic stance that has characterized its financial governance in recent years. The budget showcases a significant escalation in capex, which has almost tripled in the past four years, thereby becoming a cornerstone for … Read more
The finance minister presented a vote on account highlighting the government’s achievements in the last five years and laid the foundation for the budget post-election. The priorities for the government visible from the past budgets are infrastructure, investment, inclusive growth and fiscal prudence. The government, barring the covid shock, has achieved the impossible trinity of … Read more
In the course of preparing the budget, you have laid down a roadmap for a developed India. What are the key takeaways you intended for us? This process started before 8 October, when Prime Minister Narendra Modi addressed the nation from Red Fort (on 15 August). We believe ‘Amrit Kaal’ as ‘Kartavya Kaal’ as well. … Read more