Parliament Budget Session LIVE: PM Narendra Modi addressed the Rajya Sabha on Wednesday, responding to the Motion of Thanks to the President s address.
RBI Monetary Policy Committee: RBI Governor Shaktikanta Das said that the MPC remained resolute on containing inflation at a target of 4%. This is the sixth consecutive unchanged decision and comes after the Interim Budget was announced on February 1, 2024.
Interim Budget: Despite tepid global growth, India s economic momentum remains robust, leading to upward revisions in growth forecasts for the ongoing fiscal. The Government of India (GoI) presented the Interim Budget for FY2025, continuing on the path of consolidation. It pegged the fiscal deficit at a lower than expected 5.1% of GDP and increased on-budget capex to Rs. 11.1 trillion. The budget focuses on providing positive impulses to growth while ensuring resilience to global headwinds. The capital expenditure in infrastructure and construction sectors, as well as allocation for flagship schemes like Pradhan Mantri Awas Yojana, will drive growth in steel and cement volumes.
Budget News: The Finance Minister on February 01, 2024, delivered a truly innovative interim budget. At first glance, it did not seem like an interim budget but lo