Ministry of Finance

Union Budget 2024-25: What To Expect?

Union Budget 2024-25: What To Expect?

Finance Minister of India, Dr Nirmala Sitaraman, will present the 2024-2025 union budget today, February 1, with high expectations for the healthcare, education, infrastructure, and income tax fronts. With this new budget, the government hopes to sustain the nation’s economic growth and attain a lower than previous year and acceptable fiscal deficit target. In its…

Everything You Need To Know About Pre-budget Meetings 

Everything You Need To Know About Pre-budget Meetings 

The preparation of budget 2023-24 has started. A week-long pre-budget consultation meetings chaired by Union Finance and Corporate Affairs Minister Nirmala Sitharaman were concluded on Monday, 28 November.  In total, eight meetings were held in virtual mode between November 21 and 28. According to the Ministry of Finance, more than 110 invitees representing seven stakeholders…

India’s Balance Of Payment Likely To Fall Short 

India’s Balance Of Payment Likely To Fall Short 

An internal assessment by the Ministry of Finance indicates that India’s balance of payment is likely to fall short, up to $50 billion in the financial year of 2022-23. The rupee might continue to decline against the US dollar because of foreign exchange outflow, but the Center is confident that it will manage the deficit…

From Launching Digital Currency to Boosting Infra – Big Takeaways from Union Budget 2022-23

From Launching Digital Currency to Boosting Infra – Big Takeaways from Union Budget 2022-23

On Tuesday, finance minister Nirmala Sitaraman put forward the union budget 2022-23 in the  Parliament. It is a budget worth Rs 39.45 lakh crore that prioritises investing massively in infrastructure.  From developing 400 new Vande Bharat trains to the highway network extension, the government focuses on job creation and pushing the economy further. However, the…