The Union Budget 2023-24 was presented against the backdrop of some critical geopolitical developments and was the last full budget before the next general elections. Signicantly, 2023 is also the year in which India became the most populated country in the planet and assumed G20 presidency. The Budget served as …
The Union Budget has been structured on the overall theme of “Ease of Living.” This has been achieved by farmer friendly initiatives such as Agriculture credit target of Rs 15 lakh crore for 2020-21; schemes of “Kisan Rail” and “Krishi Udaan” for a seamless national cold supply chain for perishables; …
The Fifteenth Finance Commission (FC), in its report for fiscal year 2020-21, has recommended a marginal reduction in the vertical devolution of the divisible tax pool to 41 per cent from the prevailing 42 per cent. This is due to the newly formed Union Territories of Jammu and Kashmir, and …
This paper, written by Dr Miriam Omolo, with support from DI’s Boniface Owino, provides a detailed analysis of the government of Kenya’s budget for the 2019/20 financial year, and analyses how it might impact the poorest people. The analysis focuses on resource allocations to the big four development agenda priority …
According to Amish Shah, co-head (India research), BofAML, around $75 billion have been spent by the central and state governments combined over the last four years on water related projects. Flagship government schemes related to water infrastructure have a potential of drawing a capex of $270 billion (Rs 18.9 lakh …
During a debate on the Union Budget in the Rajya Sabha, Opposition leaders on Thursday accused the government of presenting a Budget that was rich on intent but which lacked the required details. The government countered the Opposition claims by saying that the “pro-poor and pro-farmer” Budget lays the roadmap …
Former Finance Minister P Chidambaram Thursday tore into the BJP government for not announcing any “bold” decisions or “structural reforms” in the Union Budget to fast-track growth despite a huge mandate and ridiculed the government’s goal of making India a $5 trillion economy by 2024-25, saying the economy doubles due …
Congress leader Rahul Gandhi on Thursday questioned the “double standards” of the Union government in giving tax concessions and waivers to the rich while criticising the Budget for not having any “concrete step” to provide relief to farmers in the country. “In the last five years, the BJP government gave …
Seeking to dispel the Opposition charge that the GDP figures published by the government are not consistent everywhere, Union Finance Minister Nirmala Sitharaman told Lok Sabha Wednesday that every “number is authentic”. Advertising “The nominal GDP figures published in the Budget, the Economic Survey, and the Interim Budget in February …
Rajasthan Chief Minister Ashok Gehlot on Wednesday announced several new policies and initiatives, laying the ground for the remainder of his tenure. He tabled a populist Budget covering most sectors and demography of the state with a fiscal deficit estimated at Rs 32,678.34 crore, which is 3.19 per cent of …
Calling farmers its topmost priority, the Kamal Nath-led Congress government in Madhya Pradesh presented its first Budget on Wednesday, allocating Rs 46,559 crore for agriculture, an increase by 66 per cent over the last budget. Advertising Finance Minister Tarun Bhanot allocated Rs 8,000 crore for the second leg of the …
Haryana ranks at the bottom in terms of average health expenditure (2012-2017) among seven states that the Comptroller and Auditor General (CAG) examined to assess the progress towards attaining sustainable development goals (SDGs) as regards “good health and well being”. The average health expenditure was just 3.29 per cent of …
The Survey praised the government's performance on the provision of certain last-mile goods, combined with behavioural changes In the first Economic Survey of Prime Minister Narendra Modi’s second term, new Chief Economic Advisor K V Subramanian constructed a growth template for India that he claimed was a “departure” from “traditional …
Union Budget 2019: Over the last two decades, the use of health insurance has increased many folds in the country. But it amazes me to see that in India the premium for health insurance per lakh of money is far less than car insurance premium per lakh. India is a …
Globally India stands 4th in wind power, 5th in solar power and 5th in overall renewable power installed capacity. Nirmala Sitharaman, the Minister for Finance and Corporate Affairs tabled the Economic Survey 2019 in parliament on Thursday. According to the Survey data, renewable energy sources are a strategical national resource. …
India’s economic growth will depend upon the ability to provide affordable, reliable and sustainable energy to citizens and the country is required to raise per capita energy consumption by at least 2.5 times to increase per capita income by $5000, the economic survey tabled in Parliament said on Thursday. The …
The Union budget 2019-20 presented by the Finance Minister Nirmala Sitharaman prioritises agriculture and water sectors. The proposed Budget 2019-20 has historic allocation for the Ministry of Agriculture and Farmers’ Welfare: Rs 1,30,485 crore —the highest-ever. National Rural Drinking Water Programme got Rs 9,150.36 crore --- increase of 69% from …
In a fresh warning that its fiscal outlook is worsening, the state’s Budget for 2019-20 has projected that Maharashtra’s total debt will cross Rs 4.72 lakh crore by March 20, forcing the government to spend a staggering Rs 35,207 crore in 2019-20 on servicing this debt. Advertising In its last …
Union Budget 2019 India: The electric vehicle (EV) industry has demanded tax holiday for a specific period in the upcoming Budget and proposed a green cess on the polluting vehicles to be used in accelerating electric mobility. In its Budget wish list, Society of Manufacturers of Electric Vehicles (SMEV) said …
Union Budget 2019 India: The Modi government faced stringent criticism from the Opposition for its handling of farm distress before the general election. Budget 2019 India: Finance minister Nirmala Sitharaman on Tuesday started her pre-Budget stakeholder consultations for this year with a meeting on agriculture and rural development, and followed …
A booster dose of support for the mining sector is expected from the new government in its budget proposals to be presented around July 10. Mining has been identified as a critical activity that needed a big push to help other capital intensive and employment generating industries. The sector has …
