Page 7 - Budget

India Inc to press the capex pedal with Budget push, shows BS CEO poll

CEOs to take advantage of Rs 1 trn innovation fund

Mukesh Ambani to Gautam Adani: Big guns firing on the capex front

In the Interim Budget speech on Thursday, Union Finance Minister Nirmala Sitharaman said "private investments are happening at scale"

Budget session highlights: PM predicts at least 370 seats for BJP in LS

Parliament Budget Session 2024 Live Updates: Catch all the latest developments here

Kerala to see Rs 3 trn investment in three years: State FM K N Balagopal

The budget has estimated the revenue for the financial year at Rs 1,38,655 crore and expenditure of Rs 1,84,327 crore

Central govt workforce likely to decline by nearly 50,000 in 2025

The Interim Budget documents for FY25 show central government employee strength is estimated to peak in 2024 at 3.51 million, growing 12 per cent over the preceding year

Commendable eschewal of populist schemes: Motilal Oswal Fin Services CEO

Oswal states that buoyant economic activity, declining input costs, and strong corporate earnings growth will keep sentiment positive

Kerala Budget aims to increase revenue amid Centre's curbs: State FM

Kerala Finance Minister K N Balagopal on Saturday said the public will appreciate the upcoming 2024-25 budget which is aimed at increasing the revenue of the southern state that has been grappling with alleged financial restrictions by the Centre. Addressing the media here, Balagopal said the Left government has got its limitations due to financial strangulation by the union government, but the budget will be aimed at carrying forward the achievements and development of Kerala. "The public will appreciate the upcoming budget which is aimed at increasing the revenue of the state. However, the government has got its limitations. But the people have faith in the government that we will do everything for them and the state," he said. The Kerala budget will be presented on February 5. The Left leader continued his attack on the Opposition Congress-led UDF in Kerala, which on Friday boycotted the assembly just before the House passed a unanimous resolution against the union government ..

Our Budget announcements guarantee empowerment of poor, says PM Modi

Earlier today, Prime Minister Narendra Modi on Saturday inaugurated the permanent campus of the Indian Institute of Management (IIM) in Sambalpur

Interim Budget 2024: FMCG companies poised for rural demand revival

Budget schemes to revive demand over a period of time

At Rs 200K, Centre to provide 67% more to build rural homes in plains

Budget documents also showed that for houses that will be being built in hilly and north-eastern states, the per unit allocation has now been enhanced to Rs 220,000 as against the earlier Rs 130,000

Quantifying capex is reassuring but expect it to change in July: L&T CFO

I was just expecting her to say we will continue to keep focus on infra, he says

In the Lok Sabha poll year, oil companies get marketing Budget boost

Overall capex in the oil sector up by 18.6 per cent to Rs 1.33 trillion

Average monthly GST collection may touch Rs 1.7 trn in FY25: CBIC chairman

Customs duty collection may go up if global activities improve but targets can be pegged on the basis of trends only, he says

60% may shift to new tax regime in FY24: CBDT chairman Nitin Gupta

'No extension of concessional corporation tax rate for new manufacturing units'

We're on course to reaching inflation target of 4% in FY25: CEA Nageswaran

Our potential growth rate is somewhere between 6.5 and 6.8 per cent and it is not 6 per cent as the international agencies used to estimate, he says

Moving away from a disinvestment target: Dipam secy Tuhin Kanta Pandey

He said that of the Rs 30,000 crore miscellaneous receipt for FY24, the Centre expects to get about Rs 12,000 crore from asset monetisation and Rs 18,000 crore from disinvestment

Tax buoyancy cannot continue year after year, says DEA secy Ajay Seth

Economic Affairs Secretary Ajay Seth spoke on the government's thinking behind the major budget projections and the fiscal math

It's not priority of govt to monitor consumption: Finance secretary

He says why the Budget numbers are realistic and speaks of the evolving approach of the government towards disinvestment, welfare schemes, and capital expenditure

Economic reforms implemented 'despite the odds', says FM Sitharaman

Rating agencies must take note of the country's transparent fiscal consolidation path, FM says

BMC unveils highest ever Budget at Rs 59,954 cr with focus on health, infra

No new taxes were proposed on Friday in the Brihanmumbai Municipal Corporation's Rs 59,954.75-crore budget for 2024-25, the highest ever, as it made special provisions for the coastal road project and proposed four new schemes, one of them for providing medicines free to patients at civic hospitals for which Rs 1,200 crore was set aside. The expenditure on the health budget was hiked to Rs 7,191 crore from Rs 6,309 crore in 2023-24 and a provision of Rs 340 crore was made for upgradation of footpaths, lanes and bylanes. A sum of Rs 100 crore was allocated for implementation of a scheme for women's security. The budgetary estimates were 10.5 per cent more than the 2023-24 amount of Rs 54,256.07 crore. The administration of India's richest civic body presented the budget for the next fiscal to municipal commissioner-cum-administrator Iqbal Singh Chahal at the BMC headquarters in south Mumbai. Chahal, a senior IAS officer, was appointed the BMC administrator by the Maharashtra ...