A day after heated exchanges between the Aam Aadmi Party dispensation and the Centre over the Delhi budget, the Union home ministry on Tuesday approved the city government's financial document, paving the way for its tabling in the assembly.
During this summer, Indian travel buffs are opting for destinations that provide an escape from the ominous heat, along with coastal regions within the country and countries offering visa-free travel.
The government had pegged the fiscal deficit for 2020-21 at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the budget presented by Finance Minister Nirmala Sitharaman in February.
'I believe that the overall demand for commercial vehicles will improve, even though there is a slowdown in the GDP.'
In televised remarks after Finance Minister Nirmala Sitharaman presented the budget, Modi said it has many provisions for the agriculture sector, including for making loans easier for farmers.
From FY20 to FY24, the revenue forgone due to tax incentives for individuals and Hindu undivided families stood at Rs 8.7 trillion, significantly higher than the Rs 4.53 trillion forgone for corporations.
With Valentine's Day falling on a Friday, travel is picking up as people look for quick getaways.
The Union Budget for 2017 is likely to be presented on February 1. An approval for merging the Railway Budget with the General Budget was accorded by Finance Minister Arun Jaitley on Monday.
There is a "misperception" among the administration around deregulation, wherein digitisation is confused with deregulation, Chief Economic Advisor V Anantha Nageswaran said on Tuesday. Speaking at an event organised by alternative investment industry's lobby grouping IVCA in Mumbai, Nageswaran stressed that what is essential is to do away with needless regulations, whether they are to be complied with online or offline.
'Tax rate and stock markets are entirely two different things.'
Schemes like the Mukhyamantri Majhi Ladki Bahin Yojana strain fiscal resources amid rising unemployment and prices of food items.
'As negotiations continue, the path forward demands not only diplomatic skill, but also vigilance against legal asymmetries embedded in America's trade playbook.'
This is the first Budget in Amrit Kaal, she said.
Travelling allowance of Rs 800 a month is too little. And in education allowance of Rs 100 for each child, a parent can't even cover cost of books.
'The steel industry expects the government to decide on safeguard measures from dumping post-Budget'
So how do you rate the Modi government's 11th budget?
India will be the world's third-largest economy by 2028 as it becomes the world's most sought-after consumer market and gains share in global output, driven by macro stability influenced policy and better infrastructure, Morgan Stanley said. From a $3.5 trillion economy in 2023, the Indian economy is projected to expand to $4.7 trillion in 2026, which will make it the fourth largest in the world behind the US, China and Germany.
'If you are not prudent, you may exceed your budget, and if it happens too often, you may end up in debt.'
The finance minister did very well for equity market investors but not so with families, reveals Mahesh Vyas.
Take the Rediff Biz Quiz and find out how much you know about India and its interim budgets.
Jammu and Kashmir Chief Minister Omar Abdullah has criticized BJP leaders for accusing the National Conference (NC) of insulting Maharaja Hari Singh, the last ruler of the state. Abdullah challenged the BJP to provide evidence of such insults, while highlighting their own actions that he claims have undermined the Maharaja's legacy. He also called on the BJP-led government to retrieve the part of Jammu and Kashmir under Chinese occupation if they are serious about reclaiming the territory under Pakistan's control.
With India's EV penetration at just 2.5 per cent, the market presents an opportunity -- provided Tesla gets its pricing right.
Though there was no official word on the nature of the business on the last day of the last session before the Lok Sabha polls, some party leaders said there is a possibility that it may touch the construction of the Ram temple in Ayodhya.
India should convert the Trump threat to an India opportunity, re-embracing a more liberal trade regime as a way of reviving manufacturing output and exports.
A total of Rs 101.29 crore has been allocated to Lokpal for 2019-20, according to the budget presented on Friday by Finance Minister Nirmala Sitharaman.
Delhi's crime rate against women stood at 144.4 in 2022 -- the highest among all states and Union Territories.
Parties including the Congress, Left, the Samajwadi Party and the Bahujan Samaj Party have written to the Election Commission and the President opposing the advancing of the budget presentation to February 1 before the polls.
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.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now. A drastic reduction in tariff protection, other elements of sarkari wet-nursing will force entrepreneurial India to become competitive again, argues Shekhar Gupta.
From bhikshus of Ashokan 3rd century BC and medieval Sufis to Oxfam, Omidyar and Soros now, non-State actors have any real power only when they work in conjunction with a real State, asserts Shekhar Gupta.
The defence budget was increased to Rs 5.94 lakh crore for 2023-24, up from last year's allocation of Rs 5.25 lakh crore.
'The use of AI, especially genAI is only going to get worse, especially in an enterprise ecosystem.'
Nirmala Sitharaman's messaging was clear when she presented a well-balanced Budget with an eye on state elections in nine states followed by a general election next year, observes Ramesh Menon.
Stopping SIPs during a downturn undermines the benefit of rupee-cost averaging.
7 key areas that the Budget must address to re-energise the infrastructure sector, suggests Vinayak Chatterjee.
A hike of Rs 214 crore was allocated to the Ministry of Youth Affairs and Sports, with Finance Minister P Chidambaram earmarking Rs 1219 crore for it in the 2013-14 budget presented in Parliament on Thursday. In his Budget presented in the Lok Sabha, Chidambaram allocated Rs 1093 crore as plan outlay while Rs 126 crore was set aside for non-plan.
A hike of Rs 214 crore was allocated to the Ministry of Youth Affairs and Sports, with Finance Minister P Chidambaram earmarking Rs 1219 crore for it in the 2013-14 budget presented in Parliament on Thursday. In his Budget presented in the Lok Sabha, Chidambaram allocated Rs 1093 crore as plan outlay while Rs 126 crore was set aside for non-plan.
Samajwadi Party leader and Kairana MP Iqra Choudhary has moved the Supreme Court seeking effective implementation of the Places of Worship (Special Provisions) Act, 1991. This move comes amidst several petitions challenging the law's validity, including those filed by the Akhil Bhartiya Sant Samiti and lawyer Ashwini Upadhyay. The Supreme Court, in December 2022, had restrained all courts from examining fresh suits and passing interim orders in pending cases seeking to reclaim religious places. The Act aims to maintain the religious character of places of worship as they existed on August 15, 1947, but the dispute relating to Ram Janmabhoomi-Babri Masjid at Ayodhya was kept out of its purview. The court has listed Choudhary's plea with other pending pleas for February 17.
'Maharashtra is virtually in a debt trap.'
