The quality of government expenditure has seen significant improvements, with a focus on capital outlays. The Finance Minister announced a 17.1 per cent increase in capital expenditure for FY25, reaching USD 11.1 lakh crore, or 3.4 per cent of GDP
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Nirmala Sitharaman highlights the critical issues facing developing economies and proposes collaborative strategies to bridge the financing gap essential for achieving sustainable development goals (SDGs)
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Gopinath acknowledges the vibrancy of the Indian economy and the strength of the country's relationship with the International Monetary Fund (IMF)
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She says, "The Reserve Bank and the government are repeatedly telling the banks to pay attention to their core business activities"
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The Centre has taken an initiative to introduce a scheme for internship opportunities for the youth in the top 500 companies of India as part of the Union Budget 2024-25
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The budget's broader commitment to making India a premier global travel destination through targeted investments and strategic initiatives is seen as a positive move
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The much-anticipated removal of the angel tax is hailed as a pivotal development, aimed at eliminating barriers for early-stage companies and attracting a surge of domestic and foreign investment
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Prior to the budget, the Department for Promotion of Industry and Internal Trade (DPIIT) had recommended the removal of the angel tax, following consultations with the startup community
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“For us, reforms are a means to improve the lives of 140 crore Indians. After the introduction of GST, goods for household use have become much cheaper,” says FM.
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During the session, labour unions voiced several pressing concerns and proposed reforms aimed at protecting employee rights, enhancing social welfare, and ensuring equitable economic growth.
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