The government plays a vital role in stimulating the economy, influencing both the supply and demand sides. Understanding the role of the government is crucial for policymakers, investors, and citizens alike, as it helps evaluate the effectiveness of public policies and shape strategies for sustainable economic development in India. In this article, we will examine …
On February 1, 2023, the Union Budget was tabled by the Finance Minister in the parliament. The budget this year was critical for many reasons. It is the last full-fledged budget of the Modi 2.0 government before the general election scheduled in 2024. Apparently, FinMin offered a wholesome budget, focusing on the growth of critical …
Capital Investments- Just like the last two years, even this year there is an increase in capital investment in this industry. This time there is an increase of 33% which is INR 10 Lakh crore. This is thrice the budget for 2019-20. Results of investments- As investment in infrastructure results in a positive multiplier effect, …
Fiscal deficit for FY2024 at 5.9%. The deficit for FY2023 was retained at 6.4%. The Government in line with its aim to reach a fiscal deficit level below 4.5% of the GDP by 2025-26 has fixed the deficit for 2023-24 at 5.9%. The reduction in the Fiscal deficit figure was expected led by a reduction …
A Stunning and worth-noticing example in the Fintech industry is UPI. UPI transactions in India witnessed a growth of 650% at the semi-urban and rural stores in India. A growth of nearly 25% and 14% in value and volume, resp, in assisted financial transactions across semi-urban and rural retail counters in the country in 2022. …
Before talking about this year’s budget let’s recap last year’s budget. There were no major changes regarding Personal Income Tax last year which was totally opposite to the expectations of the middle-class population of India. But this time, there are a few important points that made the middle class smile. Rebate- As of now, people …
The Union Budget 2023-24 was presented on February 01, 2023, by the Union Finance Minister, Smt. Nirmala Sitharaman. The Budget aims to build upon the foundation laid by the previous budget and create a blueprint for India’s future growth. This is the final Budget of the Modi 2.0 government before the Next General Elections in …
Nirmala Sitharaman, India’s Minister of Finance, presented the highly-anticipated Union Budget 2023-24 to Parliament on February 1st, 2023. The budget was framed with the theme of “inclusiveness,” with a focus on uplifting the welfare of women, children, Scheduled Castes, and Scheduled Tribes with the overarching aim of India at 100 kept in mind. In line …
The Union Budget 2023 was presented by the Honorable Finance Minister, Smt Nirmala Sitharaman, on the 1st of February 2023. The announcement received widespread attention as it was the last budget presentation prior to the 2024 general elections. The industry looked forward to the 2023-24 budget with anticipation, as it was expected to aid in …
The Union Budget for FY24 will be presented on February 1, 2023. Following the traditions, the Finance Minister tabled the Economic Survey 2023 in the parliament on January 31, 2023. Here are the key highlights of the Economic Survey. What is the Economic Survey? The Economic Survey report is presented on the eve of the …
