The FM said the government's vision for the 'Amrit Kaal' includes a technology-driven and knowledge-based ...More

The FM said the government's vision for the 'Amrit Kaal' includes a technology-driven and knowledge-based economy, with strong public finances and a robust financial sector. ...Less

FM proposes an amendment to Essential Commodities Act to enable better price realisation for farmers. ...More

FM proposes an amendment to Essential Commodities Act to enable better price realisation for farmers. ...Less

The Union Budget's impact on the stock market has reduced in recent years, but this time it could be sign ...More

The Union Budget's impact on the stock market has reduced in recent years, but this time it could be significant for certain stocks. The government is expected to focus on capex spend, particularly on road infrastructure, capital goods, manufacturing, automobile, healthcare, and financial services. The budget may also support sectors like railways, defence, real estate, and affordable housing. Defence stocks related to R&D, UAV/drones, and anti-drone systems could benefit. ...Less

The Finance Minister presented the Interim Budget 2024 in a speech that lasted for 48 minutes. The budget ...More

The Finance Minister presented the Interim Budget 2024 in a speech that lasted for 48 minutes. The budget focuses on four main areas: women, poor, farmers, and youth. The government aims to empower the poor and has implemented various programs to achieve this. Direct Benefit Transfer has resulted in significant savings for the government, which has been used for the welfare of the poor. The budget also highlights initiatives for women empowerment, youth development, agriculture, infrastructure, and taxation reforms. ...Less

Former Finance Minister P Chidambaram critiqued Finance Minister Nirmala Sitharaman's budget speech, desc ...More

Former Finance Minister P Chidambaram critiqued Finance Minister Nirmala Sitharaman's budget speech, describing it as "boastful claims" and accusing her of not addressing real issues like unemployment, inflation, and concerns of women and farmers. He pointed out the challenges faced by the economy and criticized the government's handling of various issues. Chidambaram highlighted the difference in average GDP growth rates between the UPA period and the NDA period. ...Less

The first set of measures focussed on relief to MSMEs, NBFCs, power discoms among others. ...More

The first set of measures focussed on relief to MSMEs, NBFCs, power discoms among others. ...Less

India Budget 2023, Nirmala Sitharaman Budget speech: Ahead of her fifth straight Budget, Finance Minister ...More

India Budget 2023, Nirmala Sitharaman Budget speech: Ahead of her fifth straight Budget, Finance Minister Nirmala Sitharaman arrived in the Parliament building, donning a traditional temple border saree. A look at Nirmala Sitharaman's sarees on Budget days. ...Less

It so far covered only local investors; experts say provision may hurt fundraising ...More

It so far covered only local investors; experts say provision may hurt fundraising ...Less

In her budget speech for 2023-24, Finance Minister Nirmala Sitharaman announced that the KYC process woul ...More

In her budget speech for 2023-24, Finance Minister Nirmala Sitharaman announced that the KYC process would be simplified by adopting a ‘risk-based’ approach rather than a ‘one-size-fits-all’ approach. ...Less

The budget outlines the importance of startups. Allowing carry-forward of losses for longer will strength ...More

The budget outlines the importance of startups. Allowing carry-forward of losses for longer will strengthen their books and enable focus on building the larger ecosystem. ...Less

Interim Budget: Nirmala Sitharaman, the Union Finance Minister, will present the interim budget for India ...More

Interim Budget: Nirmala Sitharaman, the Union Finance Minister, will present the interim budget for India, her sixth as Finance Minister and the last in the second term of the Modi government. The budget is set to address financial needs until a new government is formed after elections, after which a full budget will be presented. The Budget Session of Parliament began with President Droupadi Murmu addressing a joint sitting of Lok Sabha and Rajya Sabha. ...Less

Union Finance Minister Nirmala Sitharaman stated the Northeast region is a top priority for the central g ...More

Union Finance Minister Nirmala Sitharaman stated the Northeast region is a top priority for the central government. She emphasized infrastructure, investments, and digital expansion during her visit to Kohima. Discussions covered Act East Policy, emerging technologies, and women's financial empowerment. The region is seeing rapid upgrades in connectivity and digital infrastructure. ...Less

The FM announced that the Economic Task Force will soon announce an economic relief package. ...More

The FM announced that the Economic Task Force will soon announce an economic relief package. ...Less

The impact of Union Budget on equities has reduced over the years, but it remains significant for Dalal S ...More

The impact of Union Budget on equities has reduced over the years, but it remains significant for Dalal Street. The Finance Minister, Nirmala Sitharaman, will present the Interim Budget for 2024-25 today. The market performance on Budget days has shown negative returns in the past, with the steepest fall in 2020. The recent state assembly elections and improved macroeconomic landscape have boosted investor confidence. Experts expect growth and investment-led announcements with a focus on infrastructure and support for the 'bottom of the pyramid'. The bulls on Dalal Street remain optimistic but await the finance minister's decisions. ...Less

In the Union Budget for 2023-24, finance minister Nirmala Sitharaman said that date of incorporation for ...More

In the Union Budget for 2023-24, finance minister Nirmala Sitharaman said that date of incorporation for startups to avail the tax benefits has been extended by a year to March 31, 2024. ...Less

Union Budget 2026 Live Telecast Channels: Finance Minister Nirmala Sitharaman will present the Union Budg ...More

Union Budget 2026 Live Telecast Channels: Finance Minister Nirmala Sitharaman will present the Union Budget 2026-27 on Sunday, February 1, at 11 am IST. The speech, her ninth consecutive, will be live-streamed for free on official platforms like Sansad TV and PIB's YouTube channels. Full budget documents will be available online post-presentation. ...Less

India's robust economy, built on sound policies, is well-equipped to handle global challenges. Finance Mi ...More

India's robust economy, built on sound policies, is well-equipped to handle global challenges. Finance Minister Nirmala Sitharaman highlighted this strength in Parliament. The nation has absorbed shocks from the pandemic, inflation, and conflicts. Government capital spending is also rising significantly. Efforts are underway to boost domestic LPG production and ensure supply. BSNL has been revived with government support. ...Less

Finance Minister Nirmala Sitharaman acknowledged the potential disruption of global supply chains due to ...More

Finance Minister Nirmala Sitharaman acknowledged the potential disruption of global supply chains due to rising protectionist policies. She affirmed India's commitment to navigating these challenges through policy agility and long-term investments, emphasizing the government's focus on strengthening the domestic foundation. Sitharaman also highlighted the resilience of Indian financial markets and the growing role of domestic institutional investors. ...Less

Union Finance Minister Nirmala Sitharaman addressed a press conference on Monday announcing eight economi ...More

Union Finance Minister Nirmala Sitharaman addressed a press conference on Monday announcing eight economic relief measures, four of which are new including one item related specifically to health infrastructure. The FM also announced eight other items related to growth, trade and employment, in which six are new. ...Less

Andhra CM Chandrababu Naidu navigated a political tightrope, balancing ally Pawan Kalyan's request and hi ...More

Andhra CM Chandrababu Naidu navigated a political tightrope, balancing ally Pawan Kalyan's request and his son's preference for a Rajya Sabha seat. Naidu appointed Kalyan's brother, Naga Babu, to the Cabinet, solidifying the Jana Sena party's Kapu image. Meanwhile, in the Rajya Sabha, both Kharge and Sitharaman coincidentally spoke for precisely 79 minutes during the Constitution debate. ...Less

Union Finance Minister Nirmala Sitharaman, allocated Rs 3,030 crore for the ministry for financial year 2 ...More

Union Finance Minister Nirmala Sitharaman, allocated Rs 3,030 crore for the ministry for financial year 2022-23, of which Rs 460 crore were allotted towards control of pollution, which is Rs 10 crore less than the last year's Budget. ...Less

The Lok Sabha adjourned, with the Economic Survey for 2025-26 tabled. Finance Minister Nirmala Sitharaman ...More

The Lok Sabha adjourned, with the Economic Survey for 2025-26 tabled. Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. This marks her ninth consecutive budget. The survey reviews the economy's past performance and guides future policy. ...Less

The budget claims to be pro-welfare. However, allocations made cannot be taken at face value. Allocations ...More

The budget claims to be pro-welfare. However, allocations made cannot be taken at face value. Allocations for major welfare schemes in the 2023-24 budget have been significantly reduced in RE. PM Awas Yojana, National Health Mission, SC/ST welfare and Samagra Shiksha have taken the biggest hits. ...Less

The new system is optional and will co-exist with the old one with 3 slabs and all exemptions and deducti ...More

The new system is optional and will co-exist with the old one with 3 slabs and all exemptions and deductions. ...Less

Option traders would do well to note that VIX usually rises in the fortnight ahead of Budget, with last y ...More

Option traders would do well to note that VIX usually rises in the fortnight ahead of Budget, with last year seeing a 66% rise during the same period, only to see a steep fall in VIX, post Budget, Anand James of Geojit said. ...Less

Union Budget 2025 brings opportunities for several sectors. Auto stocks may benefit from increased income ...More

Union Budget 2025 brings opportunities for several sectors. Auto stocks may benefit from increased income tax slabs. Consumer durables, healthcare, and textile stocks could see a boost if consumption picks up. Insurance stocks gained from the increase in FDI to 100%. Agriculture, fishery, green energy, and water management sectors also stand to gain from targeted government initiatives. ...Less

Companies like Ola Electric, Reliance Industries and Rajesh Exports were shortlisted by the government to ...More

Companies like Ola Electric, Reliance Industries and Rajesh Exports were shortlisted by the government to avail of the Rs 18,000 crore production-linked incentive scheme to make batteries that power EVs domestically. ...Less

Finance minister Nirmala Sitharaman's budget, though celebrated for the tax cuts by the middle class, did ...More

Finance minister Nirmala Sitharaman's budget, though celebrated for the tax cuts by the middle class, did not impress stock markets due to the global economic uncertainty caused by anticipated tariffs from former President Donald Trump. The budget's most noteworthy feature is the reduction of the fiscal deficit to 4.4% of GDP. ...Less

The former finance minister said the country's economy is weak and requires bold steps to take it forward ...More

The former finance minister said the country's economy is weak and requires bold steps to take it forward on fast growth track, which PM Narendra Modi should take. ...Less

Saamana, the official mouthpiece of Shiv Sena (UBT), criticized the interim budget for 2024 presented by ...More

Saamana, the official mouthpiece of Shiv Sena (UBT), criticized the interim budget for 2024 presented by Union Finance Minister Nirmala Sitharaman. The editorial stated that the budget lacked concrete solutions and seemed more like a farewell speech. It pointed out that no additional tax burden was imposed due to the upcoming elections, but the country received little from the interim budget. ...Less

When it comes to budgetary allocation for the MSME Ministry, it stands at an all-time high of Rs 7,011.29 ...More

When it comes to budgetary allocation for the MSME Ministry, it stands at an all-time high of Rs 7,011.29 crore - an increase of 6.99% from the FY 2018-19 figures of Rs 6552.61 crore. ...Less

Finance Minister Nirmala Sitharaman urged NBFCs to adopt fair and empathetic loan recovery practices, ali ...More

Finance Minister Nirmala Sitharaman urged NBFCs to adopt fair and empathetic loan recovery practices, aligning with RBI guidelines, especially for small loans, emphasizing customer dignity. She also suggested that NBFCs could partner with banks to enhance priority sector lending, addressing the issue of unutilized funds and ensuring timely credit delivery to intended beneficiaries, seeking RBI guidance on this collaboration. ...Less

Highlighting achievements of the Union government since 2014, she added that the economy has clocked 7,40 ...More

Highlighting achievements of the Union government since 2014, she added that the economy has clocked 7,400 crore digital payments worth Rs 126 lakh crore through unified payments interface (UPI) infrastructure in 2022. ...Less

Even as the cloud gets darker, there’s a silver lining. The runaway success of OpenAI’s ChatGPT, and the ...More

Even as the cloud gets darker, there’s a silver lining. The runaway success of OpenAI’s ChatGPT, and the follow-up play by others in the space, could set off the next boom for cloud computing revenues. ...Less

Budget Key Highlights: The Modi government is striving for consistent economic growth despite geopolitica ...More

Budget Key Highlights: The Modi government is striving for consistent economic growth despite geopolitical uncertainties, with ongoing initiatives designed to support farmers, women, and those facing economic challenges. There is a possibility that the government will steer clear of widespread privatization of state-owned enterprises and stick to moderate divestment goals. In the upcoming budget, an overall balanced fiscal strategy is anticipated, emphasizing sustainable economic growth and specific welfare measures. ...Less

Union Finance Minister Nirmala Sitharaman on Wednesday announced a slew of measures to support the tech a ...More

Union Finance Minister Nirmala Sitharaman on Wednesday announced a slew of measures to support the tech and startup ecosystem during Budget 2023. These include tax benefits for startups, higher allocation for IT ministry, extension of scope of DigiLocker, among other things. We’ve got you covered in this packed edition of the ETtech Morning Dispatch. ...Less