Page 24 - Union Budget

Budget 2022: Full text of the memorandum of the Finance Bill tabled in LS

Here is the full text of the memorandum of the Finance Bill as tabled in Lok Sabha by Finance Minister Nirmala Sitharaman

Rupee reverses gains, trading 22 paise lower at 74.87 post Budget speech

Investors were cautious after Finance Minister Nirmala Sitharaman on Tuesday said that the fiscal deficit in 2021-22 will be 6.9 per cent of GDP and 6.4 per cent in 2022-23, forex traders said

Full text of Finance Minister Nirmala Sitharaman's Budget 2022 speech in LS

Here is the full text of Finance Minister Nirmala Sitharaman's Budget 2022 in Lok Sabha

Budget 2022: Gati Shakti to gather pace with 25,000 km highway expansion

Plan outlay set at Rs 100 trillion for multi-modal connectivity; 16 ministries to work on integrated infra development, including railways, roads, oil and gas, power, telecom, shipping and aviation

Budget 2022: US firms look at tax parity, transparency, predictability

American companies having a foothold in India and those planning to expand their business in the fastest growing economy of the world expect tax parity in the annual budget.

Budget 2022 likely to step up spending to bolster economic growth

India is likely to step up spending on infrastructure, health services and social programmes in its annual budget on Tuesday.

Economic Survey 2021-22: India's agile fiscal policy response

The changing emphasis on capital expenditure throughout this period reflects a quick responsive fiscal policy

Economic Survey: Strong rebound in revenues ensures enough fiscal space

The strong revival in government revenues means the government has enough fiscal space to provide additional support to boost growth momentum, the Economic Survey said

Economic Survey provides a lot of cheer on the state of the economy

It cautions on areas of concern, which if known beforehand, are easier to tackle as they don't come as shocks. So it is a good precursor to the Union Budget

Economic Survey GDP forecast of 8-8.5% optimistic, say experts

CII Director General Chandrajit Banerjee said the Economic Survey's GDP growth forecast will catapult India as the fastest growing major economy of the world for two consecutive years

Economic Survey: Food subsidies grew by 400% to Rs 5.25 trn

The steep rise in food subsidy bill was on account of Pradhan Mantri Garib Kalyan Ann Yojana introduced as part of the Economic Response to Covid-19

Economic Survey propagates policy agility amid pandemic-induced uncertainty

Highlights govt's 'Barbell Strategy' to offer a bouquet of safety-nets to cushion impact on vulnerable sections/business, with a flexible response that uses feedback-loops with real-time adjustments

Economic Survey: Fertiliser subsidy touches Rs 85,300 cr in Apr-Dec FY22

The government's fertiliser subsidy touched Rs 85,300 crore in the first nine months of the ongoing fiscal year, according to the Economic Survey. Domestic fertiliser production reached 28.5 million tonne during April-December period of 2021-22. Out of the total fertiliser production, urea output was at 18.7 million tonne, Di Ammonium Phosphate (DAP) at 3 million tonne and complex fertilisers at 6.8 million tonne. According to the Survey, total fertiliser subsidy reached Rs 85,300 crore during the nine-month period. Of this, Rs 49,800 crore subsidy was on urea and the balance Rs 35,500 crore on phosphatic and potassium (P&K) fertilisers. The government's fertiliser subsidy had touched a record Rs 1,38,500 crore in 2020-21. Much of the subsidy was spent on urea at Rs 99,500 crore followed by P&K fertilisers at Rs 39,000 crore. The government is making available fertilisers, namely urea and different grades of P&K fertilisers to farmers at subsidised prices through ...

Eco Survey: Gross FDI inflows moderated to $54.1 bn during Apr-Nov 2021

Net foreign direct investment recorded a lower inflow of USD 24.7 billion and the gross FDI moderated to USD 54.1 billion in April-November 2021 due to sluggish equity investment, the Eco Survey said

Economic Survey: India on track to meet FY22 fiscal deficit target

India will comfortably meet its fiscal deficit FY22 target on the back of a strong rebound in revenues, said the Economic Survey 2021-22

Eco Survey: To achieve $5-trn GDP by FY25, need to spend $1.4 trn on infra

In order to achieve USD 5 trillion GDP by FY'25, India needs to spend about USD 1.4 trillion over this period on infrastructure, according to the Economic Survey

Eco Survey 21-22: Supply management, cut in fuel duties help control prices

Consumer price index-based inflation has remained well within RBI's sub 6-per cent comfortable zone during April-December period of FY22

Economic Survey: India's total consumption likely to grow 7% in FY22

India's total consumption is estimated to have grown by 7 per cent in FY22 with government consumption being the biggest contributor, the Economic Survey tabled in Parliament on Monday said

Economic Survey says economy well placed to take on FY23 challenges

The Indian economy is well placed to take on the challenges of 2022-23, suggest macro-economic stability indicators, said Eco Survey which was presented in the Parliament on Monday by Finance Minister

Budget 2022: CII sees uptick in India consumption by next quarter

The industry, hit by some curbs to control the omicron variant, is expecting relief measures in the budget due Tuesday