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Tuesday, November 5, 2024
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Budget

Budget 2024: Rs 1.52 lakh crore for agriculture & allied sectors, emphasis on natural farming

Centre, in partnership with states, will implement Digital Public Infrastructure in agriculture to cover farmers & their lands in three years, says FM Sitharaman.

Budget 2024: Outreach continues, new schemes for tribals, Rs 2.6 lakh cr outlay for rural development

Allocation for MGNREGS, however, remained the same (Rs 86,000 crore) as mentioned in the interim budget earlier this year.

Modi govt makes Rs 2 lakh cr jobs & skilling push in budget, Congress says ‘adopted’ from its manifesto

Package incorporates 5 schemes & initiatives to facilitate employment, skilling & other opportunities. Congress takes credit, citing 'sustained election campaign' against unemployment.

Govt to partner with private sector to set up small nuclear reactors, says FM in budget speech

Creating small and modular reactors indicates a departure from traditional large-scale nuclear plants, thus offering more cost-effective and flexible power solutions.

Budget windfall for Naidu with Amaravati aid, Polavaram commitment. ‘TDP sold public short’ — YSRCP

As Modi govt made opposition to special category status amply known, TDP boss insisted on liberal funding essential to rebuild state including Amaravati & Polavaram, says party.

Reduced fiscal deficit signals prudent spending in FY25, will boost foreign investment

Given the weakness in consumption and elevated inflation, Budget 2024 was expected to provide a cushion to individual taxpayers. Some comfort has been provided to those who opt for the new tax regime.

Budget has complex political message. It shows BJP ko BASE pasand hai

If there’s anything this budget lacks in, it’s economic messaging. There are no wide statements of reform, no mention of privatisation, disinvestment, no big tax cuts, incentives, deregulation.

Budget 2024: Stock market plummets as Sitharaman hikes taxes on capital gains, then recovers

Sensex ended at 80,429.04 points & Nifty at 24,479.05, both slightly lower than previous close. Many analysts had expected finance minister to keep long-term capital gains rate same.

Modi govt’s Budget 2024 plays unabashed appeasement politics—after borrowing Congress ideas

Nirmala Sitharaman finally acknowledged the jobs emergency in her Budget 2024 speech, but the plans to provide employment for four crore youth over five years is characteristic Modi govt bombast.

Energy security priority in Budget 2024, outlay hiked for solar, nuclear & indigenous thermal power

In her speech, Sitharaman highlighted a boost for small nuclear reactors, advanced ultra-supercritical (AUSC) thermal power, and solar manufacturing. 

On Camera

A Donald Trump presidency threatens Indian economy. Just see his record

The chances of a trade war that raise inflation and reduce India’s economic growth are much higher under a Trump presidency.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

As IDF unveils robotic combat task force, Israeli maker says open to working with India

Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.