Vivek Joshi, Secretary to the Department of Financial Services, Ministry of Finance said in an interaction with ANI that the intention of the extension is to incentivize those to were quick in repaying the earliar loans.
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.
The industry leaders said that the continued capital expenditure-led growth, like spending on infrastructure, and housing will spur growth. The industry leaders further added that the budget also provides some degree of demand stimulus by giving certain tax reliefs, particularly the middle c
Former Finance Minister P Chidambaram took a dig at the Centre over the Union Budget and accused Finance Minister of virtually adopting the ideas from Congress's 2024 Lok Sabha manifesto.
Union Minister of State Sukanta and BJP leader Sukanta Majumdar on Tuesday said that the Budget 2024-25 is a comprehensive budget with a primary focus on creating jobs and aims to benefit all sections of society.
The Finance Minister, in her seventh consecutive Union Budget for 2024-25, outlined key priorities aimed at fostering economic growth and creating ample opportunities. The priorities include Productivity and Resilience in Agriculture, Employment and Skilling and services.
According to a press release by the Ministry of Finance, India's inflation remains low and stable, progressing towards the 4 per cent target, with core inflation (excluding food and fuel) at 3.1 per cent. Measures are being taken to ensure adequate market supply of perishable goods.
BJP leader CT Ravi said that every state will benefit from the amount allocated for infrastructure in the Union Budget 2024, adding that the government announced the setting up of 12 industrial parks in the country and Karnataka will benefit from it.
Union Minister of Commerce and Industry Piyush Goyal on Tuesday said that the Budget 2024-25 reflects the budget for New India and the nine priorities figured out by the Finance Minister will ensure that country becomes the third-largest economy in the world.