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Budget News

Foreign portfolio investors invest Rs 6,669 crore in August

The reversal of outflows began in July when FPIs put Rs 2,264 crore in equity and debt markets. Overseas investors had pulled out over Rs 60,000 crore during April-June in the wake of the surge in crude oil prices and fears over rate hike by the US Fed.

Poll-bound Shivraj Singh Chauhan government budgets for the harried farmers

The budget seeks to spend Rs 1,86,685.24 crore, with a fiscal deficit of Rs 26,780.25 crore, but the minister said this is within the prescribed 3.25 per cent of the state's Fiscal Responsibility and Budget Management Act of 2005.

Union Budget 2018, Expert Explains: Push for rural growth, MSME sector a step in the right direction

The MSME sector received relief with a cut in corporate tax rates, boost to online loan processing and linking TReDS with the GST Network.

Yashwant Sinha on Union Budget: ‘Exercise done without application of mind…eyewash’

Yashwant Sinha also referred to an article in The Indian Express, (The MSP smokescreen), to negate the Centre’s claims that the Budget is “pro-farmer”.“The definition of ‘cost of production’ is absent and hence it isn’t clear what 1.5 times of cost of production means,” he said.

Budget proposal: A departure from the custom of duty cuts to ‘protect domestic industry’

The Budget announcement to hike duty on two broad categories of goods is one among several such increases introduced in the last two years to protect domestic manufacturing, according to the government, but experts say the move is also aimed at shoring up revenues

At Express Adda today: NITI Aayog chief Dr Rajiv Kumar decodes Budget and road ahead

For long a proponent of the ‘Bharatiya model’ of development, Kumar maintains that the NITI Aayog is not a replica of the Planning Commission, that it is designed to be an ‘action tank’, and not just a think tank

Union Budget 2018: Central govt jobs go up 2.53 lakh in two years

About 2.27 lakh jobs are estimated to have been added in central government departments between 2016 and 2017. An estimated 34.8 lakh people were working with central government departments as on March 1, 2017, the budget documents say

MSMEs to lead consolidation phase of economy, says Arun Jaitley

The Finance Minister also said the health of the sector is extremely vital to the economy and with a number of steps taken, there is an increased integration of the sector into the formal economy.

Union Budget 2018: Spending on research has gone down, say scientists

Before the Union Budget 2018, more than 2,000 scientists and educators had submitted a petition to PM Modi, urging the govt to increase financial support to science and technology to 3 per cent, education to 10 per cent of the country’s GDP.

I-Day launch goal for National Health Protection Scheme, aims to cover 10 crore poor families

The ambitious scheme aims to cover over 10 crore “poor and vulnerable” families — an estimated 50 crore individual beneficiaries — with coverage of up to Rs 5 lakh per family per year.

Agriculture: Union Budget promises MSP 50% above cost, doesn’t define which cost

Whether it is the Budget, the Swaminathan formula or the BJP manifesto, none of them has quite defined what really constitutes “cost of production”. And therein lies the nub.

Budget postcard from Betul: Baby’s death, missing stretcher

The government in New Delhi may have announced the “world’s largest government-funded healthcare programme”, but 1,000 km away Betul is the grim reality: an abysmal health infrastructure that an insurance cover can do little to change.