In the Union Budget on Tuesday, Finance Minister Nirmala Sitharaman revealed that the Pradhan Mantri Awas Yojana would build up to 80 lakh houses by 2023. For the construction of these dwellings, the Budget allotted Rs 48,000 crore under PMAY urban and rural. These moves, according to the finance minister, would assist to enhance the …
As the Indian economy carves a path for itself that moves away from the pandemic-induced slump, the value of the Union Budget 2022-2023 outlined on February 1, 2022, gains credence. This budget is pertinent as it makes clear the foundation for economic growth via public investment. The 2022-2023 budget has given a considerable amount of …
The Foreign Trade Policy (FTP) is an important element in the Union Government’s strategy to promote India’s export growth. The purpose behind this policy is to create a healthy environment for the country’s businesses to thrive. The FTP aims to support the country’s economic growth by making foreign trade a major contributor. The FTP has …
The budget for Indian Railways is set to be presented alongside the general budget on Tuesday, 1 February 2022. Evidently, financial years 2021 and 2022 witnessed a sharp decline in economic activities due to the pandemic. As a result, a comparison between targets set for the previous years with the upcoming fiscal year will not …
Finance Minister Nirmala Sitharaman, during her Budget speech of 2020, introduced a new income tax regime to make the assessment process easy for the taxpayers and the administrators. The FM highlighted various exemptions and deductions in the Income Tax Act, which make it difficult for the taxpayers to comply with. It was also pointed out …
The COVID-19 pandemic led to many issues plaguing India’s education sector that need to be redressed in the Union Budget 2022. Industry experts expect the government to allocate funds for this sector and reduce its tax burden. The announcement of New Education Policy (NEP) 2020 was a significant development in the education sector in the …
The rise in the Center’s interest burden is expected to continue in the FY 2022-23. Initially, it was pushed up by a large amount of borrowings during the course of the Covid-19 pandemic in FY 2021-22. In the current fiscal year, which is 2021-22, the estimated budget of the interest payment on the central government’s …
Back in 2014, when Finance Minister Arun Jaitley presented his Union Budget, he mentioned that Budget proposals were only a stepping stone towards the continued growth of 7-8% in the upcoming 3-4 years. Other factors would also contribute to macroeconomic stabilization, apart from the budget proposals. These secondary factors are: Lower inflation levels A manageable …
The upcoming financial year of 2023 is likely to provide the Indian Government with a little room to reduce its market borrowings, considering its revenue figures are strong. However, this news does not spoil the party for bond investors. The reason being, a redemption pile of about Rs. 4.5 lakh crores throughout this fiscal year …
Budget 2022 is approaching, and the sector and experts have a long list of expectations. Experts predict that this Budget will be uniform, with a strong emphasis on the MSME sector, rural economy and social spending. Many people are hoping that the Budget would concentrate on project execution and capital expenditure, which analysts believe took …
