Congress MP Manish Tewari gave an adjournment notice on Monday in the Lok Sabha, urging discussion on the border situation and huge trade deficit with China.
The India budget for the fiscal year 2024-25, presented on Tuesday, reflects a clear commitment to maintaining economic stability and fostering growth through substantial capital expenditure (capex) investments.
Addis Ababa [Ethiopia], July 26: Cooperative Economic Framework can play a major role in mitigating trust deficit among nations and help streamline rural development across the globe, Binod Anand, Secretary General, Confederation of NGOs of Rural India and Founder Executive President of Word
"We believe that it (fiscal deficit) should be achievable as the government's assumption of 10.5 per cent nominal GDP growth in 2024-25 is modestly below our current forecast. We think the government should also be able to achieve its goal of reducing the deficit below 4.5 per cent of GDP in
Despite claiming to be operating at a 172 per cent budget deficit, the Palestinian Authority recently recognized 899 new prisoners from Gaza and tens of thousands more Gaza "martyrs" as eligible for controversial "pay for slay" payouts, according to a report released by Palestinian Media Wat
In his letter to the Secretary-General of Lok Sabha, Tewari highlighted ongoing border clashes between India and China and pointed out that China recently rejected the inauguration of the Seva tunnel and claimed parts of Arunachal Pradesh as its territory.
Soon after presentation of Budget 2024-25, India's G20 Sherpa and former CEO of government think tank Niti Aayog asserted that the main highlight of the annual budget was job creation.
Ajay Seth, Secretary at Department of Economic Affairs under Ministry of Finance said fiscal consolidation by way of gliding down on fiscal deficit path is being done while meeting all essential expenditure.
It is important to note that many opposition-ruled states are moving back to Old Pension Scheme, or are mulling to, facing demands from government employees and other pressure groups.
The central government kept the capital expenditure outlay at Rs 11.11 lakh crore for 2024-25, as was announced by Union Finance Minister Nirmala Sitharaman in her interim Budget, ahead of the General elections.
Presenting the Union Budget for 2024-25, Union Finance Minister Nirmala Sitharaman on Tuesday pegged the fiscal deficit target at 4.9 per cent of gross domestic product (GDP)