Room 30, Parliament Buildings

Room 29, Parliament Buildings

Another budget and a bigger debt mountain to climb than ever before. Can Finance Minister Enoch Godongwana change the trajectory? writes Carol Paton.

Chancellor Rachel Reeves has delivered Labour’s first Budget since 2010 – here’s what you need to know.

Highlights: Expanded healthcare coverage for grassroots workers Initiative to establish more medical colleges

Highlights: Customs duties on key cancer drugs fully exempted Reduced costs for diagnostic imaging equipment

The medical devices industry in India is experiencing remarkable growth, with 2023 revenues reaching approximately (and) #8377;1,04,760 crores (US (Dollor) 12.8 billion).

As the Union Budget 2024 approaches, healthcare experts are emphasizing the critical need for higher GDP allocation to healthcare and advancements in digital health infrastructure.

In a significant move towards achieving 'Insurance for All by 2047', the government is set to introduce a bill seeking amendments to the Insurance Act, 1938, during the upcoming Budget session.

Government allocates ₹1.52 lakh crore for agriculture and allied sectors in the Union Budget 2024-25; Finance Minister announces that the Centre will work with States to promote digital public infrastructure for agriculture

The allocation towards revenue expenditure unchanged at around ₹1,000 crore 

A focused venture fund will give a boost to new entrepreneurs and non-government entities, IN-SPACe chairperson Pawan Goenka said

The Mission aims to seed, nurture and scale up scientific and industrial R&D and create a vibrant and innovative ecosystem in quantum technology

The mismatch between the problem at hand and what the Budget offers is stark be it welfare or even taking care of key political allies

The policy slant highlights good intentions, but the ways and the means to accomplish the ambitious goals set out are hazy

​Andhra Pradesh​ government on Monday presented a budget of ₹2,94,427.25 crore for FY25 with a revenue expenditure estimated at ₹2,35,916.99 crore and capital expenditure at ₹32,712.84 crore. Finance Minister Payyavula Keshav, while presenting the budget in the Assembly, said the estimated revenue deficit is around ₹34,743.38 crore (2.12 per cent of the GSDP) and the fiscal deficit is estimated at around ₹68,742.65 crore (4.19 per cent of the GSDP) for the financial year.

Internship scheme aims to create job opportunities in top 500 companies over next five years

Aid to the Maldives has been cut by 48%, reducing the grant from ₹770 crore to ₹400 crore, reflecting strained diplomatic ties following the election of pro-China President Mohamed Muizzu.

Union Budget 2024 unveils nine priorities for this financial year as Finance Minister Nirmala Sitharaman delivers her seventh budget speech in Lok Sabha

A look at how the Union Budget has treated the agriculture, food, public distribution and consumer affairs sectors

The recent increase in import duty from 7.5 to 15 per cent has significantly impacted production costs

Telecom equipment faces hike in basic customs duty to 15 per cent

Import levy cut to 6% from 11%, AIDC pruned to 1%; move may curb smuggling

A drop in gold price can lead to increased jewellery demand, improving their revenue and profits Market experts believe the price of yellow metal could drop between ₹300 and ₹500 per gram going ahead

While the duty hike aims to curb smuggling and misclassification, it threatens to raise costs for research labs and biotech firms

For Andhra Pradesh and Bihar, funds for some projects will be only through concessional multilateral loans, which could be from World Bank, Asian Development Bank, JICA, AIIB… any of these institutions, he says

Sitharaman proposed that for the interns to get exposure to real life environment an internship allowance will be provided of ₹5,000 per month

The government stuck to the theme as it raised the capex outlay for the coming financial year to Rs.11.11 lakh crore, an increase of 11%

The continued focus on increased capital investments will result in generation of employment opportunities while MSME-centric initiatives will help them compete globally; the Budget also promotes sustainable growth  

‘The underlying theme was clearly fiscal consolidation with an ability to maintain the infrastructure spends at the existing run rate’

Khelo India assigned ₹900 crore of the overall allocation of ₹3,442.32 crore for sports development