Business News - Page 27

India's data man PC Mahalanobis is often hailed as the father of the modern budget. Who is he?

James Wilson presented the first Union Budget of India on April 7, 1860. The first person to present the budget of Independent India was Ramasamy Chetty Kandasamy Shanmukham Chetty, India's first finance minister on November 26, 1947. But who pioneered and influenced the budget of modern India? In comes Prasanta Chandra Mahalanobis, known as the data man of India, who was the foremost figure in the establishment of the Planning Commission of India

Budget 2024: THIS section can expect relief on home loan EMIs, new interest subsidy scheme coming soon

Finance Minister Nirmala Sitharaman mentioned that under the PM Awas Yojana- Urban 2.0, "the housing needs of 1 crore poor and middle-class families will be addressed with an investment of Rs 10 lakh crore"

FM Sitharaman elucidates on ‘four major castes’ in focus in 2024 Union Budget

Finance Minister Nirmala Sitharaman stated that there needs to be a focus on 4 different castes that take significant place in the Indian economy

Budget 2024: NDA allies Nitish, Naidu feature prominently; Bihar, Andhra get special packages

Finance Minister Nirmala Sitharaman, in Budget 2024-25, has announced new airports, medical colleges, highways in Bihar, and Special Financial Support for Andhra Pradesh

Budget 2024: You can get Rs 15,000 from govt on entering your first job if your salary is up to Rs 1 lakh

The finance minister said that as part of the focus on employment and skill development, one of the top priorities of Budget 2024, the government will provide one month's salary to all first-timers upon their entry in formal sectors as well as in manufacturing

Union Budget 2024: Focus is on employment, skilling, MSME & middle class, says FM Sitharaman

In her Budget 2024 speech, Finance Minister Nirmala Sitharaman announced that PM Modi-led government will create over 4 crore jobs for youth in over five years under five schemes with an outlay of Rs 2 lakh crore

Agri research to focus on raising productivity, climate resilient varieties, says Sitharamanan

Finance Minister Nirmala Sitharaman on Tuesday said that Agriculture research will be transformed to focus on raising productivity and climate resilient varieties

Briefcase, bahi khata, tablet: How Nirmala Sitharaman has changed budget presentation

Year after year, the country has seen finance ministers carry a briefcase with them for the budget presentation. However, in 2019, Finance Minister Nirmala Sitharaman scripted history when she brought a bahi khata with her, and two years later, switched it up with a ‘Made in India’ tablet

Union Budget 2024: Sensex up over 260 points, Nifty near 24,600 ahead of FM Nirmala Sitharaman's speech

In the early trade hours on Tuesday, the day of Union Budget 2024 presentation, the 30-share BSE Sensex climbed 264.33 points to 80,766.41 in early trade. The NSE Nifty went up 73.3 points to 24,582.55

Budget 2024: It's not FM's 'bahi khata', it's a tablet pouch that looks like one

Finance Minister Nirmala Sitharaman on Tuesday again took a digital tablet wrapped in a traditional 'bahi-khata' style pouch as she headed for Parliament to present the full Budget 2024-25 in a paperless format just like the previous years

From real estate to manufacturing, who will be this year’s budget winners?

Finance Minister Nirmala Sitharaman will present the Union Budget in a few hours. The government is expected to boost consumption in the country by lowering personal taxes. Here’s who is likely to gain the most from it

Stocks to watch on Budget day: Shares of RailTel, Suzlon, GE Power, defence companies to be in focus

Here's a look at stocks that are likely to be in focus on Budget Day

US stock market: Tech shares rebound, push Wall Street ahead amid political uncertainty

The S&P 500 gained 1.1 per cent, and the Nasdaq surged 1.6 per cent, despite political uncertainty following Joe Biden's unexpected withdrawal from the presidential race. Chipmakers and Mattel were standout performers, while Delta and CrowdStrike faced significant declines due to IT issues. Investors now await key earnings reports from Alphabet and Tesla

Union Budget: What to expect for the real estate sector

This year's budget may introduce significant reforms affecting affordable housing, GST structure and infrastructure development within the real estate sector

Balancing the scales: India's upcoming Union Budget amid coalition politics

As India awaits its Union Budget, the coalition government must balance economic needs and political pressures while addressing post-pandemic recovery and opposition scrutiny

Union Budget: Is Indian economy poised for 7% growth as government prepares ambitious plan?

Finance Minister Nirmala Sitharaman's upcoming budget is likely to focus on FDI liberalisation, removal of angel tax and boosting domestic production through PLI schemes amidst ongoing global economic challenges

Eco Survey explains why prices of veggies, milk, pulses made you cry in last two years

The Economic Survey 2023-24 said that the increase in tomato prices in July 2023 was caused by seasonal changes in crop production, region-specific crop diseases such as white fly infestation, and the early arrival of monsoon rains in the northern part of the country

Small farmers must shift to high-value agriculture like fruits, dairy, buffalo meat: Economic Survey 2023-24

The Economic Survey 2023-24 said that the smallholder farmers' income cannot be increased by producing rice, wheat, or even millets, pulses and oilseeds

Should you bet on Sensex, Nifty going up or down on Budget Day? Stock market history shows…

Predicting whether the Sensex and Nifty will soar or plummet in Budget day is no easy feat. Movements are influenced by the specific announcements in the budget as well as other prevailing economic factors. Here’s a look back at how the stock market has reacted on Budget Day from 2014 to 2024

Union Budget: Why genomics and precision medicine in India need government's attention

India's healthcare sector has seen significant progress in genomics and precision medicine, but continued efforts are needed to ensure wider access, public awareness and regulatory support for sustainable growth

Economic Survey: How government spending is fuelling major infrastructure growth in India

The capital expenditure by Union and state governments remains key despite the rise of new financial instruments in infrastructure financing

Does Economic Survey hint at what Budget 2024 may have on MSP?

The survey elucidated the positive impact of MSP on the overall retail prices of all the crops and stated that it has 'incentivised crop diversification'

Let Chinese companies invest in India to make most of China Plus One shift: Economic Survey 2023-24

Economic Survey 2023-24 explains how focusing on FDI from China seems 'more promising' for boosting India's exports to the US

Countries face crises when financial market ‘innovations’ run ahead of economic growth: Economic Survey 2023-24

The survey also noted that the financialisation of economies, where financial markets grow faster than the real economy, has led to crises in both developed and developing nations. The 2008 global financial crisis and the 1997-98 Asian financial crisis serve as stark reminders of the dangers of such mismatches. For India, the survey stressed on the importance of a gradual and orderly evolution of financial markets to avoid similar pitfalls.

What Economic Survey 2023-24 says about your screen time and social media habits

The survey that gave an insight into the current state of the Indian economy was tabled by the finance minister a day before she'll be presenting the 2024 Union Budget

Economic Survey 2023-24: Why does it matter? What are the key takeaways?

The Economic Survey for the year 2023-24 was tabled in Parliament on Monday setting the tone for the presentation of the Union Budget on July 23 by Finance Minister Nirmala Sitharaman. Having established India as the fastest-growing economy in the world, the survey comes at a crucial time when global economies are struggling with inflation and recession woes

How India's Budget compares with China, Japan, US on defence, healthcare

Defence, healthcare, sustainability, technology, and tax reforms have been major themes in national budgets in several countries. How does India's focus and it allocation to these areas compare to countries like US, China, and Japan? Here's an expert's take on it

From NPS to PM-JAY: Why Budget 2024 may bring good news India's senior citizens

While reforms are expected when it comes to allocation of resources in several sectors, the new budget is also expected to bring good news of senior citizens across the country

Economic Survey 2023-24 has a word of caution for retail investors in stock market

The sharp rise in retail investors in the stock market requires caution. There is a risk that overconfidence could lead to risky speculation and unrealistic expectations of high returns that may not match actual market conditions

'Let go some of your power and enjoy the lightness': Economic Survey 2023-24 advises government

The Economic Survey presented by Finance Minister Nirmala Sitharaman in Lok Sabha on Monday had a message for the government - power is a prized possession of governments but they can let go of at least some of it and enjoy the lightness it creates in both the governed and the governing