The immediate signal of fiscal consolidation offers considerable reassurance to the Reserve Bank of India (RBI) in its pursuit of achieving inflation targets and making it easier for the central bank to ease liquidity
The immediate signal of fiscal consolidation offers considerable reassurance to the Reserve Bank of India (RBI) in its pursuit of achieving inflation targets and making it easier for the central bank to ease liquidity
Interim Budget 2024 charts a strategic course focusing on the pillars of Viksit Bharat – Poor, Youth, Women, and Farmers. In ETBFSI’s final episode of the Union Budget Series, Industry experts commend the balanced approach, highlighting key factors driving the government's confidence in achieving a 5.1 per cent fiscal deficit. Explore insights into MSME needs, insurance sector growth, and strategies for attracting foreign investment.
Interim Budget 2024 charts a strategic course focusing on the pillars of Viksit Bharat – Poor, Youth, Women, and Farmers. In ETBFSI’s final episode of the Union Budget Series, Industry experts commend the balanced approach, highlighting key factors driving the government's confidence in achieving a 5.1 per cent fiscal deficit. Explore insights into MSME needs, insurance sector growth, and strategies for attracting foreign investment.
In the last few years, we have witnessed the enhanced capital expenditure outlay resulting in a huge multiplier impact on the nation’s production capacity. With an 11.1% increase, the government has introduced a capex target of Rs 11.1 lakh crore in the FY 2025. This would be 3.4% of the GDP and signifies the government's commitment to infrastructure development.
Finance Secretary T V Somanathan believes that the government's target of reducing the fiscal deficit to 5.1% of GDP in 2024-25 is ambitious but achievable. This is based on the assumption of growth in tax revenue of 11.5%, an increase in non-tax revenue, and a nominal GDP growth rate of 10.5%. Somanathan also mentioned the control over avoidable expenditure and a balanced increase in capital expenditure as factors contributing to the target. He dismissed criticisms on capital expenditure, stating that the increase is realistic and necessary for the economy.
Nirmala Sitharaman presented the Interim Budget highlighting the key achievements of the NDA government. She talked about the various schemes like PM Mudra, PMSVANIDHI amid others. NBFC leaders commend the emphasis on fortifying the logistics sector and applaud the government's commitment to fiscal consolidation while addressing critical sectors.
Nirmala Sitharaman presented the Interim Budget highlighting the key achievements of the NDA government. She talked about the various schemes like PM Mudra, PMSVANIDHI amid others. NBFC leaders commend the emphasis on fortifying the logistics sector and applaud the government's commitment to fiscal consolidation while addressing critical sectors.
FM Sitharaman, in her Budget speech, presented a solid vision for a developed nation. The government thinks that the next five years will be years of unprecedented development and the golden moments to realise the dream of developed India @2047. The trinity of demography, democracy and diversity will play a pivotal role.
Union Budget 2024: Finance Minister Nirmala Sitharaman said two crore more houses will be taken up in the next five years under the PM Awas Yojana (Grameen) to meet the requirement arising from increase in the number of families. Here’s what Housing Finance Companies say:
Union Budget 2024: Finance Minister Nirmala Sitharaman said two crore more houses will be taken up in the next five years under the PM Awas Yojana (Grameen) to meet the requirement arising from increase in the number of families. Here’s what Housing Finance Companies say:
Get updates on your preferred social platform
Follow us for the latest news, insider access to events and more.
