Union Budget
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Union Budget 2025 Likely to Revise Income Tax Slabs, Suggests Nomura Report
Nomura expects India to exceed its fiscal deficit target for the financial year 2025, estimating the deficit at 4.8 per cent of the GDP, which is slightly lower than the earlier forecast of 4.9 per cent.
PM Modi Unveils 'Budget 2024 Blueprint' to skilled and Viksit Bharat
On X, PM Modi explained how Budget 2024 would create employment with new Employment Linked Incentive schemes, strengthening workforce and supporting job creators.
Survey Reveals Boost in Manufacturing Sentiments and Domestic Demand in India for April-June
The survey also underscores a positive outlook for domestic demand, as approximately 67% of participants foresee a rise in orders compared to the previous quarter. This optimistic projection suggests that demand remains robust and could be further strengthened by ongoing monsoon progress.
Finance Minister Sitharaman Slams Opposition’s 'Biased' Budget Claims as Unfounded
Addressing the Rajya Sabha, Sitharaman clarified that the omission of a state’s name in the Budget speech does not imply that it has been excluded. She criticized opposition parties, including the Congress, for creating the false impression that states governed by non-NDA parties were being neglected.
Budget Allocates ₹11.11 Lakh Crore for Major Infrastructure Projects, Offers Incentives for State Contributions
Finance Minister Nirmala Sitharaman said the Central government's investment in infrastructure during the past few years had made a huge difference in terms of greater economic growth. She said, "The spending of the Central government in infrastructure has given substantial multiplier effect to the economy. We remain committed to continuing the strong fiscal support for infrastructure in the coming five years, all the while staying focused on other priorities and supporting fiscal consolidation. This year, I proposed ₹11,11,111 crore for capital expenditure, 3.4% of our GDP."
Union Budget Increases Defence Allocation by 4.79% to Rs 6.22 Lakh Crore
More importantly, just outside of this would be the Union's Budgetary Estimates of about 12.9 per cent of the total. More particularly, the FY 2024-25 capital budget itself at ₹1.72 lakh crore is higher by 20.33% over the actual expenditure last year and 9.40% over this year's Revised Estimate of allocation.
Union Budget Increases Mudra Loan Ceiling to Rs 20 Lakh
The Pradhan Mantri Mudra Yojana (PMMY), a key government program, offers microcredit of up to Rs 10 lakh to micro enterprises in the non-farming sector. This includes enterprises involved in manufacturing, trading, or services, as well as agriculture-related activities like poultry, dairy, and beekeeping. It also subsidizes these micro and small units through financial support provided by its member-lending institutions.
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