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Budget News

As India ages fast, Economic Survey says need to raise age for retirement

The total fertility rate, which is a measure of how many children an average woman of reproductive age is likely to have in her lifetime, will dip below the replacement 2.1 by 2021.

Budget boost for Electric Vehicles will give India a first mover advantage: NITI Aayog’s Rajiv Kumar

"In most other industries, we have been followers. But in this case, we can take the lead and crack the world markets by expanding exports of electric vehicles. Electric mobility is a sector which will drive economic activity in [the] coming years."

Budget 2019 focusses on talent development for the future

The budget provides a roadmap for achieving India’s vision of inclusive economic growth and seeks to address India’s need for a talent pool.

Every number in Budget is authentic, says Sitharaman amid row over disparity in GDP figures

The Economic Survey, released by Chief Economic Advisor S Krishnamurathy a day before the Union Budget, pegged the nominal GDP growth at 12 per cent while the budget projected it at 11 per cent.

‘Budget to boost infrastructure financing in big way’

The Budget also paves the way for Foreign Portfolio Investors (FPIs) to have easier access to Indian markets by increasing the statutory limit for FPI investment.

Budget revealed govt’s intention to ‘aggressively’ push privatisation: Railway union

Union Finance Minister, Nirmala Sitharaman in her Budget speech on Friday proposed that railways should use Public Private Partnership (PPP) model for faster development, rolling stock manufacturing and the delivery of freight.

Tax on super rich is like giving back to society: Revenue Secretary Ajay Bhushan Pandey

With the Indian economy expected to grow only marginally higher this fiscal, the government has set a realistic target for Goods and Services Tax (GST) and anti-evasion measures will be taken to increase the efficiency of revenue collections, Revenue Secretary Ajay Bhushan Pandey said Saturday.

‘A budget with no mention of health, no special package for MSME, smart cities ignored’

Talking about the industry front, Gurmeet Singh Kular, President of Federation of Industry and Commercial Organisation (FICO) said that budget failed to address the concerns of MSMEs.

Meet ‘zero budget’ Vidarbha farmer who was mentioned in Budget speech

Subhash Palekar — came in the Union Budget speech of Nirmala Sitharaman, where she talked of the need to “go back to basics” and “replicate this innovative model (that) can help in doubling our farmers’ income in time for our 75th year of Independence”.

Funds for education of SCs, STs slashed in Budget, say rights groups

It pointed out that fellowships and scholarships for PhD and post-doctoral courses have constantly declined since 2014-15 - from Rs 602 crore to Rs 283 crore in 2019-20 for SC students and from Rs 439 crore to Rs 135 crore for ST students.

Budget is roadmap for $5-trillion goal, size of the cake matters: PM Modi

According to the Prime Minister, an increase in per capita income will lead to purchasing power, which in turn will accelerate demand and production of goods and services, eventually creating more employment.

Am bound by FRBM targets: Nirmala Sitharaman

In an interaction with reporters, the finance minister said she had to work on the Budget numbers in the narrow time period between two bookends.