Finance Minister Nirmala Sitharaman is likely to hold pre-budget consultations with industry chambers on June 20, sources said. The budget for 2024-25 fiscal is likely to be presented in Parliament in the second half of July. Industry sources said the pre-budget consultation with Sitharaman would be preceded by a meeting with Revenue Secretary Sanjay Malhotra on June 18.
In a video statement, the Congress parliamentary party chief also asserted this Lok Sabha election is being fought on issues such as unemployment, inflation and attack on constitutional institutions.
Preparing to take office for a record third consecutive term, Prime Minister Narendra Modi on Tuesday pledged to work with all states, regardless of the party in power, to build a developed India.
The government is expediting visa-related issues to bring technicians to India from any country, not just China, as and when required, to ensure the smooth implementation of the flagship production-linked incentive (PLI) scheme aimed at boosting domestic manufacturing. "If those under the PLI scheme need to get their equipment installed, we try to expedite the ability to get technicians into India from any country, whichever it may be," Union Commerce and Industry Minister Piyush Goyal told Business Standard in an interview.
Long-term macro trends indicate growth in demand for air travel. Trends from the ticketing website MakeMyTrip indicate a likely annual growth of between 11-17 per cent in Indian air travel demand over FY24-30. Through that period, InterGlobe Aviation or IndiGo may continue to make gains in market share in both domestic and international travel, aided by large fleet additions. IndiGo is the largest global customer of Airbus by far with 950 aircraft orders outstanding.
'There is no immediate threat to the government, and they would prefer the growth agenda.'
'With new projects and recently awarded projects kicking in, capital expenditure should only increase going forward.'
The compulsion behind India and Japan to deepen security cooperation is in response to China's growing political and economic clout and its assertive behaviour in disputed areas. This has been the key driver for bringing both India and Japan closer in the domain of security cooperation, explains Dr Rajaram Panda.
Blinken will also attend a meeting of the foreign ministers of the Quad grouping and will hold bilateral talks with his Indian counterpart S Jaishankar in Delhi.
Mumbai-based Indian Semiconductor Manufacturing Company (ISMC) and Singapore-headquartered IGSS Ventures have one strategy in common: They have told the government in their application for semiconductor fabrication plants that they will export the bulk of the chips they make in India in the initial five or 10 years. The third applicant, Vedanta-Foxconn, which is also building a fab plant, has said it will concentrate on the needs of consumer electronics and mobile device markets, and earmark 80 per cent of output for domestic consumption, but has not specified its customers. Finding a viable domestic market could well be the biggest challenge for India's renewed tryst with semiconductors. Fab plants do not sell directly to end users but to intermediary chip design companies - such as Qualcomm or MediaTek.
The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India for the financial year 2024-25.
This is the full text of the address to the nation by President Droupadi Murmu on the eve of India's 78th Independence Day.
Finance Minister Nirmala Sitharaman on Tuesday announced income tax relief for the middle class, a Rs 2 lakh crore outlay for job creation schemes over the next five years and a spending splurge for states run by her party's new coalition partners as she unveiled the Modi 3.0 government's first budget after the general elections.
The Bharatiya Janata Party and its allies on Tuesday welcomed the Union Budget and said it focussed on youth, farmers, women, and has 'substantial allocations' for Maharashtra, but the opposition slammed the annual financial statement, claiming it neglected the western state and only seeks to please the saffron outfit's partners in Bihar and Andhra Pradesh.
Banerjee said her microphone was stopped after five minutes, while other chief ministers were allowed to speak for longer durations.
Modi's high praise of Russia as an ally and Putin's leadership came amid ongoing efforts by the Western world to isolate the Russian leader over the war in Ukraine.
US's terrible political and economic leadership will ultimately cost the dollar its value. India must act early to avoid being dragged down, suggests R Jagannathan.
Prime Minister Narendra Modi Wednesday took the Congress to the cleaners over making the 2024 general elections about the protection of the Constitution, saying Indians voted on the plank only once when they threw out the Indira Gandhi government in 1977 after the Emergency.
The Punch.ev achieved the highest score point ever recorded by any vehicle to date, scoring 31.46 out of 32 for adult occupant protection and 45 out of 49 for child occupant protection.
Here are the key highlights of the BJP's 'Sankalp Patra' for the 2024 parliamentary polls.
'Nitish may take such a decision because he was the first person who was with the INDIA front.' 'He went back only because he did not get proper encouragement from the Congress.' 'Nitish will take a decision provided there is a strong alternative.' 'If he feels ours is a weak coalition, he will not come.' 'Then, this government will continue for five years.'
Amid opposition charges that the Bharatiya Janata Party was out to destroy the Constitution, Prime Minister Narendra Modi on Friday said that his government revered it and even Babasaheb Ambedkar would not be able to abolish it now.
In little over a year, Air India and IndiGo have announced plans to purchase up to 170 wide-body planes as they bet on ambitious expansion and efforts also continue to make India a global aviation hub. Also, the two carriers' orders usher in European aircraft maker Airbus into the country's wide-body space, which has traditionally been dominated by US major Boeing. If narrow-body aircraft orders of Air India, IndiGo and Akasa Air are added to the list, the order book is well over 1,200 planes and that too in less than 14 months or since February 2023.
Prime Minister Narendra Modi made a pitch for electing a strong and stable government in an uncertain world beset by geopolitical tensions as the Bharatiya Janata Party on Sunday released its manifesto, prioritising development and welfare while shunning populist measures and contentious issues like the National Register of Citizens (NRC).
India will play Germany on June 8 in their next match at the same venue.
'Episodes of targeted attacks on Muslims established that for a section of people and, sadly, even officials of the State, the election results conveyed no lessons.' 'Opposition parties must not be hesitant in speaking out whenever the mob with tacit State support targets Muslims,' asserts Nilanjan Mukhopadhyay, author of Narendra Modi: The Man, The Times.
Both Khera and Suman joined the saffron at its headquarters in Delhi in the presence of senior leaders, including BJP national general secretary Vinod Tawde and national media department in-charge Anil Baluni.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
'The biggest festival of democracy is here! EC has announced the 2024 Lok Sabha election dates. We, the BJP-NDA, are fully prepared for elections'
Commenting that running a country is not a play for those born with a golden spoon, Modi said, "They have gone from Amethi and will go even from Rae Bareli."
An estimated 46 million foreign-born persons resided in the United States in 2022, approximately 14 per cent of the total US population of 333 million, according to American Community Survey data from the US Census Bureau.
Government departments have been tasked with identifying major goals, which will include annual targets from the financial year 2024-2025 to 2028-2029.
The Bharatiya Janata Party (BJP) on Sunday pledged to make 30 million 'Lakhpati Didis', up from the 10 million rural women who have already achieved the feat. Prime Minister Narendra Modi on Sunday released the BJP's manifesto for the upcoming Lok Sabha elections. The manifesto says the ruling party will continue the quarterly financial disbursements under the Pradhan Mantri Kisan Samman Nidhi (PM KISAN) yojana.
A smiling face at every corner, adulation that reminds him of family and to top it all off, a spicy, delectable plate of 'chhole bhature'.
Delivering her sixth straight Budget, on Thursday, Finance Minister Nirmala Sitharaman left the taxpayers disappointed by not proposing any changes.
An upbeat Delhi Capitals will look to keep the winning momentum going against an inconsistent Mumbai Indians when the two sides square off in the IPL in New Delhi on Saturday.
Fernandez evaluated India's chances at the upcoming Summer Games.
'The 2024 election results will lead to much intense targeting of Modi, more intense debates, many more breakdowns in Parliament and many more movements on the streets.' 'The results have hit Modi's standing, and the politics of the Opposition parties will be sharply focused to ensure that Modi doesn't get back his charisma of being 'invincible' with help of State power.' Sheela Bhatt looks at the political situation through the prism of 2024 Lok Sabha election results.
Ranneeti: Balakot And Beyond veers between intriguing and boring, observes Deepa Gahlot.
India is not reaping the benefits of demographic dividends, former RBI governor Raghuram Rajan said on Tuesday, emphasising that there is a need to focus on improving the human capital and enhancing their skill sets. "I think we are in the midst of it (demographic dividend), but the problem is we are not reaping the benefits," Rajan said at a conference on "Making India an Advanced Economy by 2047: What Will it Take" at the George Washington University in Washington DC. "That's why I said 6 per cent growth.
