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There was huge speculation that government may increase tax rates to decrease its fiscal deficit so, there was a dip in BSE Sensex after touching the 50,000 marks other than that many economic journals also suggested introducing a new tax on High net worth individuals. The demand in the Indian market was low and the unemployment rate was very ...
The Union Budget of India, also referred to as the Annual Financial Statement in Article 112 of the Constitution of India is the annual budget of the Republic of India set by Ministry of Finance for the following financial year, with the revenues to be gathered by Department of Revenue to identify planned government spending and expected government revenue and the expenditures gathered by ...
The 2022 Union Budget of India was presented by the Minister of Finance Nirmala Sitharaman on 1 February 2022, as her fourth budget. This is the third budget of Narendra Modi-led NDA government's second term. The Economic Survey for 2021–2022 was released on 31 January 2022, a day before the budget. [2]
India's finance minister, Nirmala Sitharaman, set a fiscal deficit target of 3.5% of GDP for the year ending March 2021 and said it expected nominal GDP of 10%. India's growth, fiscal deficit ...
India's current account shifted to a small deficit of $1.7 billion in the October-December quarter from a surplus of $15.1 billion in July-September, the country's central bank said on Wednesday.
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In February, Prime Minister Narendra Modi's government set a fiscal deficit target of 6.4% of gross domestic output (GDP) for the year that started on April 1, compared with a deficit of 6.7% last ...
The survey projects India's growth at 6–6.5% in the next fiscal year starting from 1 April 2020. [18] The survey provides facts to show that India's GDP figures are genuine. [13] The industrial growth for the current year has been listed as 2.5% while the agricultural growth is 2.8%. [18] Total formal employment has increased from 2011–12.