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Health sector budget insufficient, says MP Arora

Ludhiana MP (Rajya Sabha) Sanjeev Arora stressed the need to take care of all the issues related to the health sector of the country.

Ludhiana MP (Rajya Sabha) Sanjeev Arora stressed the need to take care of all the issues related to the health sector of the country. (HT File)
Updated on Jul 25, 2024 05:04 AM IST
By, Ludhiana

FM lowers fiscal deficit target to 4.9% for FY25

While the full budget for 2024-25 has not provided rolling targets for the next two years, it envisaged that “an active and nimble fiscal policy strategy is a pre-requisite for smooth fiscal policy operations”

Union Finance Minister Nirmala Sitharaman addresses post budget press conference at National Media Centre, in New Delhi, India, on Tuesday. (Hindustan Times)
Updated on Jul 24, 2024 07:30 AM IST
ByRajeev Jayaswal

Budget 2024: Centre allocates 6.22 lakh crore for defence in ‘Atmanirbhar’ push

The defence budget accounts for 12.9% of the total government budget and 1.9% of the country’s projected GDP for 2024-25.

Defence minister Rajnath Singh in Parliament on Tuesday. (ANI Photo)
Published on Jul 23, 2024 05:52 PM IST
ByRahul Singh

Economic Survey calls for tripartite agreement to make India developed by 2047

A quick summary of what the 2023-24 Economic Survey says about the desired economic roadmap of the government

Union finance minister Nirmala Sitharaman speaks in the Lok Sabha during the first day of Parliament’s budget session on Monday. (PTI)
Updated on Jul 22, 2024 01:28 PM IST

How Budget 2024 will impact the Education Sector

Investment in education is the lowest common denominator for solving the majority of India’s long-term challenges.

Union Finance Minister Nirmala Sitharaman at Parliament, during the ongoing Budget Session, in New Delhi. (PTI)
Updated on Jul 22, 2024 12:59 PM IST
By | Edited by Nilesh Mathur

A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation

GDP projected to grow at 7% this fiscal. Tax collections healthy in Q1. Fiscal deficit target set at 5.1% for FY25. Inflation on the rise.

Budget 2024: Experts widely expect that at least a few populist schemes will be announced which will help boost the rural economy and also create jobs.
Updated on Jul 18, 2024 04:18 PM IST

Kenya to cut spending in revised budget after tax-hike rollback

KENYA-BUDGET/ (UPDATE 1):UPDATE 1-Kenya to cut spending in revised budget after tax-hike rollback

Kenya to cut spending in revised budget after tax-hike rollback
Published on Jul 15, 2024 01:40 PM IST
Reuters |

Why fiscal deficit in Nirmala Sitharaman's Budget speech is crucial

The Union Budget 2024 may set ambitious fiscal deficit targets with India's fiscal and revenue deficit shooting up during the pandemic and calming down since.

India's fiscal deficit has been gradually reducing after a sharp uptick during the pandemic (Representational photo)
Published on Jul 09, 2024 06:44 PM IST
By | Edited by Abhyjith K. Ashokan

India's neighbourhood policy: Time to move on

This article is authored by Sunoor Verma, president, The Himalayan Dialogues and expert, leadership and strategic communication.

International Relations
Published on Jul 06, 2024 11:56 AM IST

Private investment: Wait from intent to realisation

The trend seems to be that while optimism fuels initial investment announcements, it frequently fails to overcome practical challenges.

Maski,India 13,April 2019 : GDP or gross domestic product. (Shutterstock)
Published on Jul 03, 2024 09:22 PM IST

US trade deficit jumps in May to highest level since 2022, Gap widens 0.8%

A widening of the trade deficit is expected to subtract from gross domestic product for a second straight quarter.

Shipping containers at the Port of Los Angeles in Los Angeles, California, US, on Friday, June 28, 2024. The US Census Bureau is scheduled to release trade balance figures on July 3. Photographer: Eric Thayer/Bloomberg(Bloomberg)
Updated on Jul 03, 2024 07:28 PM IST
Bloomberg | | Posted by Arya Vaishnavi

Uttarakhand CM meets PM Modi, seeks support on hydro, infrastructure projects

Dhami requested PM Modi to get the Dehradun-Mussoorie rail line project approved by the Railway Ministry for the expansion of rail services in Uttarakhand.

Uttarakhand chief minister Pushkar Singh Dhami with Prime Minister Narendra Modi.
Updated on Jun 25, 2024 06:48 PM IST

Sowing the seeds of a farm-growth revival

Centre should focus on expanding land under irrigation, pushing greater adoption of horticulture by farmers, and raising agri-R&D spending in the country

Amritsar: Farm labourers plant seedlings in a field during sunset on the outskirts of Amritsar, Sunday, June 23, 2024. (PTI Photo)(PTI06_23_2024_000239B)(PTI)
Published on Jun 23, 2024 11:23 PM IST

Haryana contributed 3.7% to India’s GDP, 6% to GST collections in 2023-24: Dalal

Haryana finance minister Jai Prakash Dalal, who was in Delhi to attend a pre-budget meeting held under the chairmanship of Union finance minister Nirmala Sitharaman, said the Haryana government has taken several steps to enhance social security within the state

Haryana finance minister Jai Prakash Dalal said the amount under the “Old Age Samman Allowance” scheme and other social security pensions have been increased to <span class='webrupee'>₹</span>3,000 per month, which is the highest in the country. (Twitter)
Updated on Jun 23, 2024 07:44 AM IST
By, Chandigarh

Govt may revise fiscal deficit target to 5% of GDP in Budget

The finance ministry is ready with the basic structure of the budget, continuing efforts undertaken over the past decade.

Finance minister Nirmala Sitharaman arrives at the finance ministry before presenting the budget in parliament on February 1 (REUTERS FILE PHOTO)
Published on Jun 11, 2024 01:33 PM IST
ByRajeev Jayaswal

Double GDP growth rate to make UP trillion-dollar economy: Yogi

The state’s GDP has gone up from ₹16.45 crore in 2020-2021 to ₹25.48 crore in 2023-2024, growing 16.7% in three years, which is above the national average: UP CM

Yogi Adityanath said Ayodhya, Mathura and Kashi were important centres of religious tourism and a study should be conducted about how the state was being benefitted from the changes made in these cities in the past seven years. (File Photo)
Updated on Jun 11, 2024 05:06 AM IST

GST needs reforms, state govts must have their say

There is a need for caution while replanting reforms from countries that have already achieved higher tax efforts with homogeneous socio-economic structures

GST in India is still evolving and needs reform to ensure that its social marginal product is positive.. (PTI)
Updated on Jun 11, 2024 01:37 PM IST

Adding arrows to new regime’s policy quiver

An economy which is performing several steps ahead of its peers, does not need an overhauling of the policy framework.

As we neared the end of 2022-23, there was near-consensus on real growth. The cited figure was between 6.8 and 7%. There is less consensus for 2023-24 and the medium-term. An optimist will say 6.5%, a pessimist 5.5%. An enthusiastic optimist will place it at 7%, a dire pessimist at 5%. While that’s a fairly broad band, there is no denying the Indian economy’s growth resilience. (Shutterstock)
Published on Jun 10, 2024 01:28 AM IST

Compounding India to prosperity in new term

India’s economy has now reached a critical mass where the compounding process can dramatically enhance both per capita income as well as sheer bulk

When India began to reform its economy in 1991-92, its GDP amounted to just $270 billion in nominal terms. (AFP)
Published on Jun 05, 2024 01:16 AM IST

How decade-long Modi regime has fared on growth indicators

Modi 2.0 has the lowest CAGR of GDP among all governments since Atal Bihari Vajpayee’s full-term government

How decade-long Modi regime has fared on growth indicators(PTI)
Updated on Jun 01, 2024 05:57 AM IST

India's 8.2% GDP growth a ‘trailer of things to come’: PM Modi

According to the National Statistical Office (NSO), the Indian economy grew by 8.2% in the fiscal year that ended in March.

PM Narendra Modi (HT file)
Published on May 31, 2024 09:21 PM IST
By, New Delhi

Big boost to Modi govt ahead of final phase of LS polls, FY24 GDP strong at 8.2%

The Indian economy grew by 7.8 per cent in the March quarter while the annual growth rate stood at 8.2 per cent, government data revealed.

Prime Minister Narendra Modi and Union finance minister Nirmala Sitharaman. (File photo)
Published on May 31, 2024 07:13 PM IST

India's FY24 fiscal deficit at 5.6%, lower than government's target of 5.8%

In actual terms, the fiscal deficit, or gap between expenditure and revenue, was at ₹16.53 lakh crore.

Union Minister Nirmala Sitharaman during a meeting in New Delhi.(PTI)
Published on May 31, 2024 06:20 PM IST

India's FY24 GDP stays strong at 8.2%, Q4 economy growth at 7.8%

Gross domestic product (GDP) expanded 6.2 per cent in the January-March period of the 2022-23 fiscal year.

A file photo of Prime Minister Narendra Modi with finance minister Nirmala Sitharaman
Updated on May 31, 2024 10:21 PM IST
By | Edited by Mallika Soni

RBI's balance sheet size is now 2.5 times the size of Pakistan's GDP

On the Indian economy, RBI said that the outlook remains bright owing to sustained strengthening of macroeconomic fundamentals.

In FY23, RBI's balance sheet stood at <span class='webrupee'>₹</span>63.44 lakh crore. It has now increased to 24.1 per cent of India's GDP at end of March 2024.
Updated on May 30, 2024 01:19 PM IST
By | Edited by Mallika Soni

IMF raises China's 2024 growth forecast to 5%

China should continue with economic reforms to boost productivity, level the playing field among all types of firms, IMF said.

 A participant stands near a logo of IMF at the International Monetary Fund - World Bank annual meeting  in Nusa Dua, Bali, Indonesia.(Reuters)
Published on May 29, 2024 08:29 AM IST
Reuters |

Is US really in a recession? More than half of Americans think so

Americans perceive US in recession, attribute economic challenges to Biden. Inflation and cost of living major worries, despite GDP growth.

Money-market fund assets rose as elevated short-term rates continued to lure funds, even after recent economic data suggests the Federal Reserve could ease monetary policy this year. Photographer: Al Drago/Bloomberg(Bloomberg)
Published on May 24, 2024 08:00 AM IST

Both central, state govts failed to attract industry to Punjab: Singla

Congress’ candidate from Anandpur Sahib Vijay Inder Singla said it was a matter of concern that Punjab had poor gross domestic product per capita ranking

Congress’ Anandpur Sahib candidate Vijay Inder Singla interacting with industrialists in Mohali on Sunday. (HT Photo)
Updated on May 20, 2024 09:02 AM IST
By, Mohali

Raghuram G Rajan - “Everyone should have a chance to succeed”

The former RBI Governor Raghuram G Rajan and economist Rohit Lamba spoke about their book at the Kolkata Literary Meet earlier this year

Rohit Lamba (L) and Raghuram G Rajan at the Kolkata Literary Meet (Kolkata Literary Meet)
Published on May 16, 2024 08:07 PM IST

GST’s new peak should spur tweak

Crossing ₹2 lakh crore in collections is a milestone for Goods and Services Tax, the tax regime remains work in progress

goods and services tax (GST)
Updated on May 03, 2024 01:18 AM IST
ByHT Editorial
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