The budget session of Parliament will commence on Friday with the government outlining its legislative agenda including the Waqf (Amendment) Bill, 2024 and the opposition parties pressing on issues of their concern including price rise and unemployment.
Noting that India's GDP growth for 2024-25 is expected to be 6.4 per cent as per government data, the Congress on Thursday said that the Modi government is taking India into the "middle-income trap, which will make us uncompetitive, underproductive, and unequal".
As is the convention, Finance Minister Nirmala Sitharaman will table the pre-budget detailed state of the economy document in the Parliament, a day ahead of the Budget presentation for the next financial year - 2025-26. Economic Survey will be tabled in Lok Sabha at 12 noon and at 2 PM in
Biju Janata Dal (BJD) leader Sasmit Patra on Thursday accused the BJP-led government at the Centre of not fulfilling the demand for special category status for Odisha, saying the ruling party at the Centre had made this promise it in its 2014 election manifesto.
Lakshmi Venkatesan Venkataraman, Founding and Managing Trustee, Bharatiya Yuva Shakti Trust, said, "One of the key concerns for microentrepreneurs is access to timely and adequate credit. While fintech firms and NBFCs process loans in a few days, banks still take 2-3 months, causing delays."
The government is expected to continue on its fiscal deficit reduction path, bringing it down to 4.4 per cent of GDP in FY26. A strategic focus on investment and spending reforms will help balance fiscal prudence with economic expansion.
Surat (Gujarat) [India], January 29: As India gears up for the Union Budget 2025, a strong focus on sustainability is essential. The government should promote green building practices and eco-friendly materials like AAC blocks and ALC panels by offering incentives such as higher FSI for proj
Richard McCallum, CEO, UKIBC said, "Based on industry member feedback, we hope the Budget sets out a vision for manufacturing that is based on a level-playing field, allowing international companies to access the full benefits of FDI liberalisation, and for a research and innovation landscap
In the run-up to the Budget for 2025-26, former BJP MP and financial market observer, suggested that individuals earning up to Rs 10 lakh per annum should enjoy the benefits of tax exemption.
The industry players in the infrastructure sector -- from construction to real estate, transportation, and urban development -- also emphasised the need for fiscal reforms and policies that would ease the burden on infrastructure projects.