“The unexpected reduction in the projected fiscal deficit for FY 25, standing at 5.1%, is indeed a positive turn of events. This development is poised to contribute favourably to the stabilization of interest rates at a lower threshold, thereby enhancing and fortifying the virtuous business cycle in India.”
The Interim Budget has maintained the continuity in the Government’s approach to ensure a balanced and inclusive growth without losing sight of the momentum needed to maintain the economy’s pace. In an election year, it has positively surprised by staying on path of fiscal consolidation. It has avoided fiscal profligacy and raised allocation to infrastructure. […]
“The government’s allocation of a ₹1 lakh crore corpus for technological research in this year’s budget is a game-changer. It positions India’s R&D to capitalize on our young and dynamic demographic. The provision of interest-free support will undoubtedly catalyze scaling up research and innovation, fostering significant strides in filling economic gaps. Made in India tech […]
“The budget lays out a strategic roadmap towards building ‘Viksit Bharat’ by 2047. The emphasis on ‘innovation being the foundation of development’ is a big booster for entrepreneurs to adopt a research and innovation-led approach while building their businesses. This is an indication of how India wants to further scale up in developing and building […]
“The Finance Minister proposed a well-crafted budget that balances growth and social development. The focus on infrastructure development, with the Interim Budget 2024 proposing to raise capital expenditure—for the fourth consecutive year—by 11.1% to ₹11.11 lakh crore, which is 3.4% of the GDP, presents a significant opportunity for the auto and construction industry. The impetus […]
Mr. Karthikeyan Natarajan, Executive Director, and Chief Executive Officer of Cyient, stated, “It is good the Government is continuing to take the lead with innovation to spur the growth of the technology sector and provide jobs aimed at further development. The announcement of the new scheme, aimed at strengthening deep-tech solutions for defence, signifies a […]
Commenting on the Interim Union Budget 2024 announcement today, Mr. Krishna Bodanapu, Executive Vice Chairman & Managing Director of Cyient, says, “On the whole, the Union Finance Minister has delivered another compelling budget that balances social needs along with economic needs, which accelerates growth and provides impetus to sunrise industries and societal imperatives.” Mr. Bodanapu further […]
“We appreciate the government’s vision of making India a developed nation by 2047 and its efforts to provide inclusive development and growth across various sectors and regions.” “We support the government’s initiatives and schemes that aim to boost the digital economy, such as the PM SVANidhi scheme for street vendors, the PM Kisan Yojna for […]
“The Government’s efforts to boost India’s economy through structured policy reforms will accelerate the development of our Nation over the next few years. The steps taken by the Hon’ble Finance Minister to empower the youth by fueling the entrepreneurial spirit and fostering innovation in technology through initiatives like the 1 lakh crore research corpus, creates […]
The budget presented was on expected lines. Being a vote-on-account, there were no major announcements, but at the same time it provided a clear overview of India’s economic trajectory and the government’s dedication to development through targeted schemes. Revenue receipts for the year exceeding budget estimates, robust growth in GST collections, and a fiscal deficit […]
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1. Top 5 Companies Offering WiFi-Enabled Curtain Motors for Ultimate Control
2. Yoga Therapist Ranjana Chhabra Announces 14-Day Face Yoga Workshop
3. Coca-Cola SLMG Appoints Costin Mandrea as CEO
4. Apparel Group’s R&B Unveils Festive Collection Across 109 Stores in GCC