'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
The ruling Bharatiya Janata Party on Wednesday hailed the Union Budget as an "all-inclusive" document while the Opposition dismissed it as "anti-people" and mere rhetoric lacking the vision for creating jobs and taming inflation.
The controversy followed after another Madhya Pradesh minister, Vijay Shah, came under fire for remarks about Col Sofiya Qureshi who conducted media briefings on Operation Sindoor along with Wing Commander Vyomika Singh.
Fitch Ratings on Monday said India's pace of debt reduction is gradual, leaving room for a downside risk to sovereign rating in the eventuality of a significant economic shock. However, the rating agency expressed confidence in India's ability to stick to its medium-term fiscal framework, which aims to reduce debt and bring it on a downward trajectory over time.
'We've moved from thousands killed yearly in Jammu and Kashmir to 127 last year.' 'Cross-border terrorism in Kashmir is being solved. We are winning it.'
rediffGURU Samkit Maniar answers readers' personal income tax queries.
'Currently, it takes between two and three years to formulate the request for proposal for procuring specific military equipment for the armed forces. It should not be this way.'
The Insurance Regulatory and Development Authority of India (Irdai) has asked at least 10 general and life insurance companies to submit a detailed road map for their listing strategies by the end of this month, according to multiple sources with direct knowledge of the matter. "The regulator met four life and six general insurers last month and asked them to provide their listing strategies by the end of February," said one of the sources.
The next Census' findings will help identify the extent of India's ageing population and vulnerability levels.
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
The entire Budget-making exercise will be advanced by 3-4 weeks so as to complete the legislative part of financial business before April 1, the start of a financial year
India's food processing minister Subodh Kant Sahay on Thursday met Finance Minister Pranab Mukherjee in New Delhi ahead of the general\nbudget on July 6.
Finance Minister Nirmala Sitharaman will kick start the customary pre-Budget consultation exercise with stakeholders from Wednesday by holding the first such meeting with experts of agriculture and agro-processing industry. She will be seeking inputs from various stakeholders, including industry bodies, farmer organisations and economists for reviving consumption and boosting growth hit by the COVID-19 pandemic. The growth this year is expected to be in the double-digit during the current fiscal.
'Stay disciplined, and remain invested.' 'Volatile times are the best to invest in structural opportunities at the right price.'
Finance Minister Nirmala Sitharaman will be presenting her fifth Budget that may do a tightrope walk between staying fiscally prudent and meeting general public expectations of lower taxes and a wider social security net, while at the same time firing the engines of the economy.
Sources close to the top BJP leadership tell me that Tharoor has already had secret meetings with the BJP's top brass and is waiting patiently to make his next move, reports Ramesh Menon.
'While the Budget would be growth-friendly, it would not come at the expense of an increase in the fiscal deficit.'
Hero MotoCorp is expecting its electric vehicle (EV) business to break even once it reaches monthly sales volumes of 25,000 to 30,000 units, which is a couple of years away, Chief Financial Officer (CFO) Vivek Anand said on Tuesday. "This year, in 2024-25 (FY25), if I really look at my EV performance, our volumes have grown by 200 per cent," Anand told analysts during the company's post-results conference call.
Maharashtra Chief Minister Devendra Fadnavis has asserted that the third battle of Panipat, fought in 1761, was a symbol of the bravery of Marathas and not their defeat. He said the state government is building a memorial to Chhatrapati Shivaji Maharaj in Agra and acquiring land for another memorial in Panipat, where the battle was fought between Marathas and Afghan ruler Ahmad Shah Abdali.
Currently, Railways is facing a loss of Rs 34,000 cr in passenger segment and its earnings are falling.
The latest annual report of the finance ministry has disclosed that the agency funded seven projects worth USD 750 million in 2023-24.
NCP (SP) leader Supriya Sule has criticized the Maharashtra government's decision to make Hindi a mandatory third language in schools, stating that it will not tolerate any undermining of the Marathi language. Sule also criticized the state's implementation of the National Education Policy (NEP) 2020, expressing concerns about its potential impact on students and teachers. She also questioned the appointment of a retired bureaucrat as the chief economic advisor to the chief minister and criticized the state's performance in areas like fiscal deficit management and the Jal Jeevan Mission.
BCCI's healthy bank balance got healthier this year with an approximate increase of Rs 4200 crore, taking the overall earnings to a whopping Rs 20,686 crore.
In Debasish Panda's last board meeting as chairperson of the Insurance Regulatory and Development Authority of India (Irdai), the regulator approved the "R2" licence for Kamlesh Goyal and Prem Watsa-backed Value Attics Reinsurance, making it the first private-sector Indian reinsurer after GIC Re, the public-sector reinsurer. "The authority reviewed and approved the R2 application of Value Attics Reinsurance, making it the first private-sector reinsurer after GIC Re, the public-sector reinsurer.
The fast-moving consumer goods (FMCG) sector is likely to report muted results in the fourth quarter of 2024-25 (Q4FY25) due to weakness in urban consumption. The weakness may persist through the first half of 2025-26 (H1FY26).
An increase in the farmer income support scheme PM Kisan Nidhi, the introduction of a 'robot tax' to fund reskilling of people who lose their jobs to artificial intelligence (AI), and a reduced income-tax (I-T) to bring relief to the middle classes - these are some of the items in the Budget wish list submitted by Sangh Parivar affiliates to Finance Minister (FM) Nirmala Sitharaman. Representatives of the affiliates of the Rashtriya Swayamsevak Sangh (RSS), such as the farmer organisation Bharatiya Kisan Sangh (BKS); trade union Bharatiya Mazdoor Sangh (BMS); Laghu Udyog Bharati, which works for micro and small industries; and Swadeshi Jagran Manch (SJM), which works on economic and policy issues, met the FM and other officials over the last couple of weeks as part of the pre-Budget consultations.
Only experienced investors with a high risk appetite, a grasp of market cycles, and comfort with volatility and timing risk should invest.
'The government has to explain (to the army, air force and navy chiefs) whether they want a punitive strike, a deep punitive strike, or whether they want limited war or an all-out war, will it be a circumscribed war or will it be a shallow attack along the border.'
While this will incur a revenue loss amounting to 0.2 per cent of GDP, it will provide a strong boost to consumer sentiment and spending, points out Rajani Sinha.
The government has earmarked Rs 270.05 crore for the tour expenses of Union ministers in the General Budget 2013-14 which is slightly more than the last fiscal's allocation of Rs 269.94 crore.
If there is a misleading news, it will be clarified in real-time. If there is a negative news, clarification will be given expeditiously, it said.
Manipur MP A Bimol Akoijam has alleged that his questions about agreements the government has signed with insurgent groups in the northeastern states were removed from the list of starred questions scheduled for March 11, 2025. Akoijam, a Congress leader, claims this is a "serious infringement" on his rights as an elected Member of Parliament and undermines his legislative oversight function. He says he has met with the Speaker and the Minister of Parliamentary Affairs to raise the issue.
Prime Minister Manmohan Singh on Sunday approved the interim general budget which will be presented in the Lok Sabha by External Affairs Minister Pranab Mukherjee on Monday. Singh went through the interim budget related papers and after formally signing them, forwarded them to President Pratibha Patil, a Prime Minister's Office spokesman said."The Prime Minister also approved the interim budget speech," the spokesman added.
The Bharatiya Janata Party (BJP) spent Rs 1,737.68 crore for the 2024 Lok Sabha elections, according to the expenditure report submitted to the Election Commission of India. A majority of the funds were allocated to general party propaganda and candidate-related expenses, with media advertisements accounting for a significant portion. The BJP's election outreach also included extensive use of publicity materials and campaign-related travel. The party's expenditure on public meetings, processions, and rallies, including arrangements for stages, audio setups, barricades, and vehicles, stood at Rs 19.84 crore. The travel expenditure of star campaigners authorized by the party's central headquarters amounted to Rs 168.92 crore, while Rs 2.53 crore was spent on the travel of other party leaders.
The government's capital expenditure in the April-November period of financial year 2024-25 (FY25) continued to contract with a 12.3 per cent decline year-on-year (Y-o-Y), according to data released by the Controller General of Accounts on Tuesday.
'It's clear that fans are eager to be part of the live stadium experience, reflecting a growing trend of travel driven by marquee sporting events.'
India's leading steel companies hope the Modi 3.0 Budget will continue the massive capital expenditure currently underway, focusing on infrastructure development, manufacturing, and fair trade. The infrastructure segment is the largest steel user, and the government's focus has fuelled steel consumption even as international markets have underperformed. According to provisional statistics, steel consumption grew 13.6 per cent in FY24, reaching 136 million tonnes (mt), according to a CRISIL report.
The Congress party has accused the BJP of engaging in "damage control" after the party distanced itself from comments made by two of its MPs, Nishikant Dubey and Dinesh Sharma, criticizing the Supreme Court. Congress general secretary Jairam Ramesh stated that the BJP's clarification was merely an attempt to mitigate the damage caused by the MPs' remarks and that the party's actions were hypocritical, given the silence of the BJP president on similar comments made by other party members.
'Always ensure that lease terms are clearly written in the agreement, including rent escalation clauses and notice periods.'
The Supreme Court on Wednesday sought a reply from the Lok Sabha secretary general on Trinamool Congress leader Mahua Moitra's plea challenging her expulsion from the Lower House.
