A Higher Bar In Fiscal Governance
The Interim Budget has raised the bar in fiscal governance with a bundle of promises for the full Budget to take India's economy on a new trajectory.
interim budget
February 2024
Interim Budget 2024 Highlights
Finance Minister raises infrastructure outlay for the next fiscal by 11.1%.
Ratings agencies should see India bettered fiscal consolidation target: FM
Fiscal deficit for the current financial year has been revised to 5.8% of GDP, in comparison with 5.9% earlier.
Few hits, few misses; here’s what interim budget had in store for EV industry
The budget estimates document shows that the interim budget has provided a capital outlay of ₹3,500 crore under the production-linked incentive (PLI) scheme for automobiles and auto components.
Bond markets rejoice fiscal rectitude at the cost of consumption
One of the immediate impacts of this Budget was on India’s 10 Year Bond Yield which went down by 1.09% as compared to a day ago and stood at 7.066 at the time of writing this article.
India will move ahead on Middle East Corridor; has long-term implications: FM
Sitharaman says the India Middle East Corridor (IMEC) project has long-term implications for the entire region up to Europe
Budget 2024: FAME scheme outlay slashed by 48% to ₹2,671 crore
While the government announced ₹5,172 crore outlay for the FAME scheme last year, it has been revised to ₹4,807 crore for the current fiscal.
Capex hike of 11% looks moderate because of high base: FM
In the interim budget 2024-25, the government has allocated ₹11.11 lakh crore towards capital expenditure, up 11.11% from ₹10 lakh crore allocated in 2023-24.
Nifty PSU Bank extends rally for 6th session; SBI, UCO Bank, BoB surge up to 4%
The Nifty PSU Bank hit a fresh all-time high of 6,438.10 points today, with all 12 constituents flashing in the green zone.
Budget 2024: Big relief for taxpayers as FM waives tax demands up to 2014-15
There are a large number of petty, non-verified, non-reconciled or disputed direct tax demands many of them dating back as far back as 1962, says Nirmala Sitharaman.
