Senior finance ministry officials have started discussions with ministries and departments to work on the budget & Economic Survey. Focus is on social and rural sectors.
RBI raises cap on collateral-free agricultural loans to Rs 1.6 lakh from Rs 1 lakh — move to benefit all farmers who were left out from budget proposals.
Much of the interim budget focused on consumer stimulus with few specific measures to create opportunities for about 12 million young Indians who enter the job market each year.
Slew of measures in budget will cost exchequer over Rs 94,000 cr, for which govt is banking on higher RBI surplus, better disinvestment and corporate tax.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
Mahua Venkatesh: It is a”LEAK”. Intension known
Wonderful. The economy needs the utmost, care and attention.