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Tuesday, March 19, 2024
TopicInterim budget

Topic: Interim budget

Modi govt’s FY25 revenue receipt looks gloomy. For every rupee earned, it will spend Rs 1.54

The government continues to reap rich harvests from RBI's bounty. Dividends are expected to remain broadly in line at Rs 1.02 lakh crore in FY25 BE.

What to expect from interim budget? Big tax breaks unlikely, welfare schemes could see boost

The interim budget, to be presented on 1 February, is likely to maintain focus on fiscal consolidation along with a thrust on capital expenditure, although at a moderated pace. 

PM Modi should avoid temptation of turning Interim Budgets into vote-getting tools

If Modi is confident about winning a third term, he must also use this opportunity to decisively bifurcate economic & fiscal policy from short-term aims of winning elections.

BMW India chief’s Union Budget wishlist — stable policy, import duty cuts, level playing field

Central government should consider introducing measures in interim budget to 'fuel demand' for four-wheelers, says BMW Group India president Vikram Pawah.

Modi govt says it’s within its rights to make tax announcements in interim budget

If govt thinks there's a pressing issue, it's perfectly legitimate to make tax announcements in interim budget, says economic affairs secretary Subhash Garg.

RBI’s think tank wants govt to form independent body to verify official data

Assumptions for economic growth & deficits made in the interim budget are subject to much debate, CAFRAL director Amartya Lahiri says.

Parliament passes Finance Bill on last day of budget session without debate

The interim budget, Appropriation Bills and Finance Bill were passed by a voice vote in the Upper House.

Student leaders from JNU, AISA to march in protest over lack of jobs

The students have accused the government of being silent on jobs in the interim budget, and will march from the Red Fort to Parliament.

Tax rebate in interim budget to give relief & certainty to middle class: Revenue secretary

In an exclusive interview to ThePrint, Ajay Bhushan Pandey says Modi govt tried to present a balanced budget keeping in mind the financial implications. 

People sitting in air-conditioned rooms do not know what Rs 6,000 means for poor farmer, says PM Modi

The Centre has announced direct income support of Rs 6,000 per year to those holding cultivable land up to two hectare.

On Camera

Indian shipping sector is vulnerable to geopolitical unrest. Build local, invest in air cargo

With the ongoing conflict at the Red Sea, India needs to take a long-term view of the PLI scheme and its ambition to emerge as a hub of shipping containers.

Complaints to RBI ombudsman up 68% in FY23, banks biggest cause for customer grievances

Data shows large public sector banks received highest number of complaints in absolute terms, but fared better than several private banks when looked at on complaints-per-branch basis.

Tiger Triumph-24 — India-US tri-services exercise to boost coordination begins

The exercise will be simulated to undertake HADR operations in a ‘friendly island nation’, where troops will execute amphibious landing ops.

CAA comes not with a bang, but with a whimper. Without NRC, it will fade into academic debate

For BJP, CAA was strategic move that did not quite work out because those it would benefit could’ve been accommodated under existing laws, and new entrants would remain excluded.