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India Reviving and Accelerating: Budget 2022

India Reviving and Accelerating: Budget 2022 : Rashtra News #India #Reviving #Accelerating #Budget Latest Sports News | Latest Business News ( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.) Related searches : top business news today business news hindi world

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View: Interim budget ticks all the boxes but annual budget is crucial for assessing economy's competitive pulse

The interim budget of India reflects the country's economic aspirations as it aims to become the third-largest economy in the world. It sets a broad direction for the management of the economy, focusing on growth, inclusivity, and reinforcing a pro-competition stance. The budget steers clear of populism and emphasizes building capabilities and lowering entry barriers in the market economy. It promotes development in infrastructure, particularly in physical, digital, and social aspects.

India , Amrit-kaal , Amrit-kaal- , Interim-budget , Budget-provisions , Budget-tax , India-budget , Budget-analysis ,

Budget 2024 News LIVE Updates: Nirmala Sitharaman prioritises affordable housing, propels capex, and maintains taxation status quo in Budget 2024

Budget 2024 News LIVE Updates: Nirmala Sitharaman focused on affordable housing, capex, and maintained taxation status quo in Budget 2024. She opted for fiscal prudence foregoing extravagant spending on social schemes before the upcoming election. The decision reflects Modi government's confidence in securing a rare third term, buoyed by high approval ratings.Despite the approaching election, tax policies remained unchanged, and significant subsidies on food, fertilizers, and fuel saw an 8% reduction. The allocation for a rural employment scheme remained steady. Analysts, including Shilan Shah from Capital Economics, interpret these moves as a sign of the ruling Bharatiya Janata Party's (BJP) assurance in securing another electoral triumph.Finance Minister Nirmala Sitharaman presented a budget aiming to sharply reduce the budget gap to 5.1% of GDP in 2024-25, revising the current fiscal year's gap lower to 5.8%. The budget emphasized fiscal consolidation while achieving a historic high in capital expenditure at 11.11 trillion rupees ($133.90 billion).Modi, commenting on the budget, highlighted the balance achieved, stating, "In this budget, capital expenditure has been raised to a historic high while keeping the fiscal deficit in control. To put it in the terms of economists, this is a sweet spot."Economists anticipate that the fiscal consolidation will strengthen India's case for a higher sovereign credit rating. Currently rated at BBB- by S&P and Fitch, and Baa3 by Moody's, the budget aims to reassure investors and rating agencies about India's commitment to growth and fiscal responsibility. However, Moody's has expressed the view that the budget did not bring about a significant improvement in debt affordability to prompt a reconsideration of India's sovereign ratings.

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Delhi tense as AAP plans protest against alleged Chandigarh mayoral poll rigging

Mayoral polls in the Indian city of Chandigarh, where BJP candidate Manoj Sonkar secured a win, have triggered a political slugfest, which reverberated in the capital city of Delhi as well. After Aam Aadmi Party's Kuldeep Kumar lost the polls, AAP has resolved to protest against the results it deems rigged on Friday (Feb 2). 

In view of the evolving situation, Delhi Police is on high alert, and security measures are tightened around the ITO area in anticipation of potential clashes between AAP and BJP. 

Delhi , India , Mumbai , Maharashtra , Haryana , Priyanka-kakkar , Arvind-kejriwal , Champai-soren , Narendra-modi , Bhagwant-mann , Manoj-sonkar , Aam-aadmi-party-kuldeep-kumar

Budget 2024 to ensure sustainable growth of real estate: Developers

Budget 2024 to ensure sustainable growth of real estate: Developers
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India has bigger strategies for middle-class beyond Budget's income tax slab disappointment

The common man awaits to hear in the Budget if the govt will ease tax rates, impacting cash in hand. While the interim Budget didn't change income tax slabs, it did address the headache of fiscal deficit, which impacts a country's wallet. Fiscal prudence was prioritised, and the government aims to narrow the budget gap. A higher fiscal deficit leads to higher government debt and higher interest payments. The government stuck to fiscal prudence despite elections, and reduced borrowing may lead to lower interest rates.

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View: Interim Budget balances fiscal discipline, welfare & growth

This year's interim budget, presented by Finance Minister Nirmala Sitharaman, takes place in a turbulent global economic environment. Despite this, the budget maintains a balance between economic growth and fiscal consolidation, with a fiscal deficit of 5.1% of GDP. The budget also supports capital expenditure and rural infrastructure, promotes investment in post-harvest infrastructure, and establishes a corpus for interest-free loans to support research and innovation.

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