Modi government

September 16, 2024 5:21 PM

Budget will be based on PM Modi’s mantra ‘Sabka Saath Sabka Vikas”: MoS Chaudhary

Minister of State for Finance Pankaj Chaudhary said that the first Union Budget of the third Modi government will be based on his mantra of "Sabka Saath Sabka Vikas". Finance Minister Nirmala Sitharaman will present the full budget for 2024-25 today (Tuesday). Chaudhary was among the first from FM Nirmala Sitharaman's team to reach the North Block offices of the Finance Ministry ahead of the Budget Presentation. Vivek Joshi, Secretary, of the Department of Financial Services and Chief Economic ...

September 16, 2024 6:03 PM

SBI research suggests centre to target 4.9% fiscal deficit in 2024

As the Modi government prepares to present its first full budget of its third term on July 23, SBI Research has recommended a focus on fiscal prudence and continued consolidation. The research arm of India's largest public sector bank suggests the government should aim for a fiscal deficit target of 4.9% for the 2024-25 financial year. The difference between total revenue and total expenditure of the government is termed as fiscal deficit. It is an indication of the total borrowings that may b...

September 16, 2024 6:10 PM

Will ensure better healthcare infrastructure & facilities: Health Minister Nadda

Newly appointed Health Minister JP Nadda on Monday vowed to make every effort to ensure better healthcare infrastructure and facilities, ensuring no one is left behind in receiving better treatment after he was allocated health ministry, a portfolio he held in the first term of the Modi government. He also expressed his gratitude to Prime Minister Narendra Modi for giving him the roles of Minister of Health and Family Welfare (MoHFW), and Minister of Chemicals and Fertilizers. In a post shared...

June 11, 2024 9:12 AM

Centre releases over Rs 1.39 lakh crore in tax devolution to support state finances & development

The Centre has announced the release of a significant installment of one crore thirty-nine thousand 750 crore rupees in tax devolution to states. The Finance Ministry said yesterday that the release, which includes both the regular allocation for June and an additional installment, is aimed at bolstering state government capacity to accelerate development and capital expenditure. It further said that as of today, the total amount devolved to states for the fiscal year 2024-25 stands at t...

June 4, 2024 1:14 PM

Sensex, Nifty plunge as polls show BJP’s mandate slipping

Indian stocks tanked the most in four years on Tuesday, as vote counting suggested Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)-led alliance is unlikely to win an overwhelming majority as predicted by exit polls. Modi's bloc looked set to secure a majority in early vote counting in the general election on Tuesday, but the numbers were well short of the landslide predicted in exit polls. The Nifty index dropped as much as 5.43% to 22,000.60 points while the BSE index fell to a lo...