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The Interim Budget 2024-25 (IB25) for fiscal 2024-25 is articulated following the code of conduct and its limitations. It will be followed up by the full budget in July 2024. However, its design, key proposals, and letter and spirit are aptly reflective of the aspirations of the youth and are the beginning of a long-term
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Politically savvy and fiscally prudent, budget bets on India Inc investing more. Will that happen? Budgets are embedded in a political context. The salient political message in Modi’s government’s last budget before the Lok Sabha election is unmistakable. They are confident. Confidence in vote | FM stuck to convention while presenting her sixth budget. It was
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EY India CEO argues GOI’s tax reforms have paid off. Proof is record revenue collection. Next steps: upgrading GST and simplifying dispute resolution mechanism At more than 7% growth projected this fiscal, India remains the fastest growing major economy. Not only is it on the way to becoming the third largest economy but it’s also
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GOI’s review document of a decade’s economic journey highlighted the strong growth impulse propelling India’s economic momentum. India’s performance this year is set to beat expectations. And IMF says it will remain the fastest growing major economy next year. 7%+ trajectory | GOI’s advance estimate of economic growth in 2023-24 pegged it at 7.3%. Last year,
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One of the very frequently used statements in international financial circles when it comes to India is that the average Indian family income is less than USD 5 per day and India has not lifted a large mass of it’s population out of abject poverty and there is too much income differential between the Upper
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Former RBI governor writes FM must use interim budget to explain how India’s brisk growth can be marshalled against inequality Dear Finance Minister, Many congratulations on completing full term as FM, an accomplishment only few of your illustrious predecessors managed. My compliments also for announcing beforehand that vote on account will be just that –
Read MoreLet’s get the basics out of the way — we celebrate the Republic because it prohibits any majority from running roughshod based on its numerical strength. The Constitution limits the power of governments and groups…
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Low global fuel price helps GOI. But frozen domestic pump prices are a distortion Modi government heads into its last budget this term with international crude prices working in its favour. Indian basket was priced at $80.5 a barrel on Tuesday. Price trends since Israel-Hamas conflict began in October have defied market fears of a
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Ahead of the upcoming Parliamentary Elections, the interim Budget 2024 is likely to focus on a slew of tax and policy reforms, and among others, agriculture sector and rural schemes are likely to witness substantial attention. As a critical contributor to India’s growth story, the seed industry is particularly hopeful that between the interim Budget
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Credit: created using DALL-E At Tau Ventures we hear from many entrepreneurs around the world that they want to build or expand a healthcare business into the US because it’s a large single market. While the US does hold many advantages for a startup to grow, it’s hardly a monolith and if anything, it’s
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