New Delhi: Finance Minister Nirmala Sitharaman on Tuesday said appropriate changes will be made to the Insolvency and Bankruptcy Code (IBC) and steps will be taken to strengthen tribunals in the country. She also proposed integrated technology platform for improving outcomes under the Code, besides additional debt recovery tribunals to be set up in the…
New Delhi: The government will come out with a credit guarantee scheme for MSMEs to facilitate term loans without collateral or third party guarantee, Finance Minister Nirmala Sitharaman said on Tuesday. Presenting her seventh straight Union Budget, she also said that public sector banks to build in-house capability for credit assessment of MSMEs. As part…
New Delhi: Finance Minister Nirmala Sitharaman is set to create history when she presents her seventh straight budget on Tuesday for 2024-25, surpassing the record of former prime minister Morarji Desai. Prime Minister Narendra Modi-led government’s first budget of the third term in office is widely expected to reinforce post-pandemic fiscal consolidation efforts while pursuing…
New Delhi: The Union Budget for FY25 is likely to usher in a more standardised approach to taxation and ensure policy continuity with higher outlay for capex and PLI schemes while ensuring fiscal prudence, Moody’s Analytics said. Finance Minister Nirmala Sitharaman will present her seventh consecutive Budget on Tuesday. The Budget is the first of…
Mumbai: Stock markets climbed in early trade on Tuesday, with the Sensex climbing over 264 points, ahead of the Union Budget presentation later in the day as investors’ sentiment turned buoyant amid foreign fund inflows and a rally in the US peers. The 30-share BSE Sensex climbed 264.33 points to 80,766.41 in early trade. The…
New Delhi: 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. Draped in a white silk saree with magenta border, she posed for the traditional ‘briefcase’…
New Delhi: Finance Minister Nirmala Sitharaman will on Tuesday present her 7th straight Budget that would lay a roadmap for Viksit Bharat (developed India) by 2047, while giving a glimpse of 10 years’ performance. All eyes will be on whether Sitharaman provides the much-expected tax relief for the middle class, leaving more money in their…
New Delhi: Union Finance Minister Nirmala Sitharaman is set to present the first Budget of the third consecutive NDA government under the leadership of Prime Minister Narendra Modi today. The Union Budget 2024 will be the first major economic document of the Modi 3.0 government, which, among other things, is expected to lay the roadmap…
New Delhi: The Congress alleged on Monday that the Economic Survey released by the government presented a “cherry-picked” view of the economy and claimed that India is experiencing its “most precarious and difficult” economic situation in many years. Finance Minister Nirmala Sitharaman presented the Economic Survey 2023-24, along with the statistical appendix, in the Lok…
New Delhi: Capital markets are becoming more prominent in India’s growth story, with an expanding share in capital formation and investment landscape on the back of technology, innovation and digitisation, according to the Economic Survey 2023-24 tabled in Parliament on Monday. Further, Indian markets are resilient to global geo-political and economic shocks. Despite heightened geopolitical…
