The General Budget will be presented on July 6 and the Railway Budget will be presented on July 3.
The Budget Session of Parliament will commence on February 22 and the General Budget for 2010-11 will be presented on February 26.
The year 2024 was the hottest year on record, with the global average temperature exceeding 1.5 degrees Celsius above pre-industrial levels for the first time, according to the European climate agency Copernicus. Every month from January to June was the warmest ever recorded, and from July to December (except August), each month was the second warmest on record. Scientists are warning that the world is entering a new climate reality, with extreme heatwaves, floods, and storms becoming more frequent and severe. The report also highlights the failure of developed nations to meet their climate finance commitments to developing countries, despite the urgency of the situation.
Ahead of the 2023-24 Union Budget, the thinking at the top level of the central government is clear: Gross domestic product (GDP) growth of 6-6.5 per cent is a comfortable enough target for FY24 and the focus should be on fiscal consolidation to ensure that the sovereign cost of borrowing does not become prohibitively expensive in a high-interest rate environment, according to people in the know. Those aware of deliberations between the Prime Minister's Office (PMO) and the Ministry of Finance said while the Budget would look to strike a balance between infrastructure investment and welfare schemes, it is unlikely to be populist, though it will be the last full-year Budget before the 2024 Lok Sabha election. Incidentally, 6-6.5 per cent GDP growth is what the upcoming 2022-23 Economic Survey is expected to project for FY24.
Opposition parties on Monday came down heavily on General Budget 2011-12 dismissing the exercise as "very disappointing and directionless" and said it has failed to address the problems of unemployment and price rise affecting the common man.
For example, railways, roads and highways, and shipping could form a section within the Budget as an omnibus transport sector
Railways to have functional autonomy, bear salary burden
Likely to be merged with Union Budget from FY18
'One of the most significant factors contributing to the optimism for 2025 is the lineup of films featuring Bollywood's three superstar Khans.'
The Budget session of the Parliament is likely to begin from February 25 with the Presidential Address to a joint sitting of Lok Sabha and Rajya Sabha followed by presentation of rail budget and general budget on February 26 and 28.
EPS has had its way on most things, alliance-wise. A week earlier, he reiterated that he would not re-admit OPS and Sasikala Natarajan back in the party. It was a message not just to detractors in the AIADMK. It was even more so for the BJP leadership in Delhi. Even more important for the AIADMK was their demand for accepting EPS as the chief ministerial candidate of any alliance that the party would form, observes N Sathiya Moorthy.
Your choice between the Old and New Tax Regimes should reflect your financial strategy and investment goals, says Ramalingam Kalirajan
The presentation of the Interim General Budget for 2009-10 was on Monday interrupted briefly as the Lok Sabha adjourned after JD(S) member M P Veerendrakumar complained of uneasiness.
Reminiscent of the past two years, the market has made positive strides ahead of the Union Budget 2023-24 (FY24). The benchmark National Stock Exchange Nifty has gained 1.8 per cent in the last month. Typically, markets tend to gain ahead of the Budget as investors build in optimism.
For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
India's budget for the fiscal beginning April focuses on giving a boost to the ongoing economic recovery through a sharp increase in capex spending but is short on major growth-enhancing structural reform announcements, Fitch Ratings said Wednesday. The deficit targets present in the Union budget 2022-23 by Finance Minister Nirmala Sitharaman on Tuesday "are a bit higher than our forecasts when we affirmed India's 'BBB'/Negative sovereign rating in November," said Jeremy Zook, director and primary sovereign analyst for India, Fitch Ratings. While it was widely expected that the fiscal deficit will be lower than the targeted 6.8 per cent of the GDP in the current fiscal year ending March 31, 2022, Sitharaman put the number at 6.9 per cent.
The Indian government has come out with a nice name for its tried and tested 220MW pressurised heavy water reactor -- Bharat Small Reactor.
Passengers travelling in all AC classes and first class will have to pay charges in addition to the recent hike in train fares with the General Budget on Friday bringing journeys in them under the ambit of service tax.
The Budget session of Parliament will begin on Feb 21 and the general budget is slated to be presented to Lok Sabha on Feb 28.
In a left-handed compliment to Delhi Chief Minister Atishi, Lieutenant Governor V K Saxena on Friday said she is 'a thousand times better' than her predecessor Arvind Kejriwal.
The clarification comes in wake of media reports that Finance Ministry is contemplating to merge the Railway and General budgets and change the financial year.
The government proposes to cut custom duties on Trastuzumab Deruxtecan, Osimertinib and Durvalumab from 10 per cent to nil.
The Finance Minister is assisted by a team of high profile bureaucrats who work overtime with mind boggling figures to make a balanced Budget.
'Women' as a political constituency appears to be an idea that has come of age. It is changing India in ways that we only dimly understand, asserts Aditi Phadnis.
The finance ministry will kick-start the exercise to prepare the annual Budget for 2023-24 from October 10, in the backdrop of revival of the Indian economy and fears of recession in developed countries. The budget for the next year will have to address critical issues of high inflation, job creation, boosting demand, and putting the economy on a sustained 8 per cent-plus growth path. On Wednesday, finance minister Nirmala Sitharaman said inflation is no longer "red-lettered" and the priority for the government now is job creation and boosting growth.
If you lack an emergency fund or it is depleted, use part of your bonus to build or replenish it.
The Kerala unit of the Congress instantly gets a headache when Shashi Tharoor lets loose one of his observations showering flowers on enemy territory. With every such action triggering controversy within a nervous Congress party, some feel it is high time Tharoor showed a degree of solidarity with the ideals of his party, notes Shyam G Menon.
Adani Ports, NTPC, Infosys, Hindustan Unilever, HCL Technologies and Sun Pharma were among the other big gainers. However, Larsen & Toubro, Bajaj Finance, State Bank of India, Axis Bank and HDFC Bank were amonh the major laggards.
Using credit or debit cards abroad can prove costly.
The three-month long Budget session of Parliament will commence on February 23 and the general budget would be presented by Finance Minister P Chidambaram on February 28.
No election for BCCI secretary's post at BCCI's Annual General Body Meeting later this month.
The NIA, which came into existence in February this year with the appointment of Radha Vinod Raju as its first director general, has to accomplish important tasks in next 100 days.
As the row erupted in Parliament, the Congress said the Gandhi family's caste is martyrdom but the BJP-RSS will never understand that.
According to state officials, the project envisages lifting of 17.40 thousand million cubic feet of water from river Thunga to Bhadra reservoir and 29.90 TMC from Bhadra reservoir.
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
India's e-commerce market alone is projected to reach $200 billion by 2026, making it a prime industry for ambitious entrepreneurs, explains rediffGURU Harsh Bharwani.
The Budget session of Parliament will begin on February 21 and the General Budget will be presented to Lok Sabha on February 28.
The budget session of Parliament will begin on February 21 and the general budget is slated to be presented to Lok Sabha on February 28.The decision to recommend the date for convening of the session to the President was taken at a meeting of the Cabinet Committee on Parliamentary Affairs chaired by Finance Minister Pranab Mukherjee, who is also Leader of the House in Lok Sabha.
Startup and venture funds on Tuesday cheered the Budget decision on the abolition of angel tax for all investor classes, terming it a "game-changer" that would remove significant barriers in growth and foster a vibrant and dynamic ecosystem. Angel tax refers to the tax that the government imposes on funding raised by unlisted companies, or startups if their valuation exceeds the company's fair market value.
Rajya Sabha Chairman M Venkaiah Naidu also made a fervent appeal to the leaders of various parties at an all-party meeting to ensure smooth and effective functioning of the House during the Budget Session.
