Nirmala Sitharaman

July 24, 2024 9:18 PM

Government boosts Northeast railway development with Rs 10,376 crore allocation

The Indian government has announced a significant investment of Rs 10,376 crore for railway development in the northeastern region, as revealed by Union Railway Minister Ashwini Vaishnaw during a press conference in Delhi on Wednesday. In addition to this substantial allocation, Vaishnaw disclosed plans to revamp 60 railway stations in the northeast, transforming them into "Amrit Stations" as part of a broader modernization initiative. "For the entire northeastern region this year, an allocati...

July 23, 2024 8:34 AM

Finance Minister Nirmala Sitharaman set to present Modi 3.0 govt’s first budget today

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2024 in Parliament today (Tuesday), marking her seventh consecutive budget and eclipsing the late Moraji Desai's record of six consecutive budgets, which is likely to focus on changes in the income tax structure and improving the ease of doing business in India. At 11 am today, the much-awaited full budget for 2024-25, the first under the Modi 3.0 government, will be presented on the floor of the Parliament. All eyes will be...

July 22, 2024 6:36 PM

India’s per capita income projected to reach Rs 14.9 lakh by 2047

As India approaches its 100th year of independence in 2047, the country's per capita income is projected to reach Rs 14.9 lakh, according to a presentation made by Chief Economic Adviser V Anantha Nageswaran. As per a presentation made by the Chief Economic Adviser V Anantha Nageswaran at a press conference after the tabling of the Economic Survey for 2023-24, the per capita income is currently Rs 2.12 lakh in 2023-24. In dollar terms, it is at USD 2,500. This figure represents more than a dou...

July 22, 2024 5:17 PM

India to remain fastest growing major economy in 2024-25, says CEA Nageswaran

India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V Anantha Nageswaran stated in a press conference after the tabling of the Economic Survey in Parliament on Monday. The Economic Survey projects India to grow at a rate of 6.5-7.0 percent in 2024-25. Global institutions, including the IMF, OECD, World Bank, S&P, ADB, and Fitch, have forecasted India's growth within a range of 6.6-7.2 percent. The International Monetary Fund (IMF), in its latest o...

July 22, 2024 5:18 PM

Indian economy capable of growing at sustained rate of 7%: Economic Survey

The Economic Survey presented in Parliament today by Finance Minister Nirmala Sitharaman paints an optimistic picture for India's economic future. According to the survey, the Indian economy has the potential to sustain a growth rate of over 7% in the medium term, provided it builds on the structural reforms undertaken over the last decade. This ambitious growth target, however, is not without conditions. The survey emphasizes that achieving this sustained growth will require a concerted effort...

July 22, 2024 5:08 PM

Govt’s timely interventions, RBI’s measures helped maintain retail inflation at 5.4 percent: Economic Survey

The annual Economic Survey, tabled by Union Finance Minister Nirmala Sitharaman in Parliament on Monday, states that despite the pandemic and geopolitical tensions, timely policy interventions by the central government and the Reserve Bank of India's price stability measures helped maintain retail inflation at 5.4 percent. During FY22 and FY23, the COVID-19 pandemic, geopolitical tensions, and supply disruptions contributed to rising global inflationary pressures. In India, consumer goods and s...

July 22, 2024 3:38 PM

India recovered, expanded in orderly fashion post-pandemic: Economic Survey 2023-24

The Indian economy has recovered and expanded steadily after the pandemic, with the real Gross Domestic Product (GDP) in 2023-24 increasing by 20 per cent compared to the pre-pandemic level of 2019-20, according to the Economic Survey 2023-24 tabled in Parliament on Monday. This upward trajectory, the Survey highlights, is a feat achieved by only a few major economies. "Prospects for continued strong growth in FY25 beyond look good, subject to geopolitical, financial market and climatic risks,...

July 22, 2024 1:33 PM

Indian economy on a strong wicket in face of geopolitical challenges: Economic Survey 2023-24

The Indian economy continues to expand, demonstrating resilience amidst geopolitical challenges, according to the Economic Survey 2023-24 tabled by Finance Minister Nirmala Sitharaman in Parliament on Monday. The 476-page Economic Survey report highlights that the Indian economy has consolidated its post-COVID recovery, with fiscal and monetary policies ensuring economic and financial stability. However, the survey warns that global volatility could hinder the achievement of ambitious growth t...

Bengaluru, Mar 24 (ANI): Union Finance Minister Nirmala Sitharaman speaking at an informal interaction organised by the Thinkers Forum, in Bengaluru on Sunday. (ANI Photo)

July 22, 2024 8:33 AM

Finance Minister Nirmala Sitharaman to table Economic Survey in Parliament today

Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24 along with a statistical appendix in Parliament on Monday, a day ahead of the Union Budget. The Budget Session of Parliament will commence today (Monday) and subject to the exigencies of government business, the session is likely to conclude on August 12. Union Ministers Nirmala Sitharaman, Jayant Chaudhary, Pankaj Chaudhary, Kirtivardhan Singh and Sukanta Majumdar will present the document on the table in Lok Sabh...

July 11, 2024 4:34 PM

Union Budget 2024: PM Modi meets eminent economists and sectoral experts

In preparation for the Union Budget 2024, Prime Minister Narendra Modi convened a meeting with economists and sectoral experts on Thursday. This meeting, which also saw the participation of Finance Minister Nirmala Sitharaman, was a key step as the government gears up to present its full Budget after coming to power third term. The pre-Budget meeting was attended by notable figures including Niti Aayog Vice Chairman Suman Bery and other members of the planning body. The gathering was marked b...