List of Union Budget Articles

Budget documents are not just numbers. Scrutinising them, one can understand the intention of the government, its priorities, policies and allocation of financial resources, among different regions & industries—which create a sea change in the lives of the people affected by it, Rajkumar Adukia stresses

The textile industry is a traditional industry of India. The industry has a host of expectations from the budget. It thinks that the full year budget in July will be able to meet these expectations in a better way. One expectation from the interim budget is that Remission of Duties and Taxes on Exported Products Scheme (RoDTEP) be extended till September 2024.

The term Union Budget came to the fore because India is the Union of States. The Constitution of India has established the federal form of Government in India. Therefore, it is called the Union of States.

The Union Budget presented for 2017-18 was path-breaking in many ways. With it, the day of the budget presentation was shifted from the end of February to the first day of February.

Interim Budget 2024 was as per expectations. The Government did not announce any major changes. Both direct and indirect tax rates were kept unchanged; same for corporate tax rate. Revised fiscal deficit estimate for FY 24 was announced at 5.8% of GDP. For FY 25, the fiscal deficit target has been set at 5.1% of GDP. The Finance Minister once again reiterated the government’s commitment […]

The Interim budget that will come on 1st February, 2024 is the budget before the General Elections. Will the government opt for the path of fiscal consolidation and conservatism in this budget? Its fiscal deficit target for FY 24 is 5.9% of GDP. Will it opt for a lower fiscal deficit target in Interim Budget? Budgets just before elections tend to be populist Budgets just […]

The Union Budget of India contains a list of financial proposals and estimates and is generally referred to as the ‘Annual Financial Statement’ under Article 112 of the Constitution of India.

The hospitality industry was among the industries most severely hit by Covid lockdowns. The industry expects more incentives from the Interim Budget. One of its key expectations is that GST rates on hotel rooms should be lowered. Currently, GST rate on hotel rooms is 12% for rooms priced below Rs 7,500. For rooms that are priced above Rs 7,500 per night, the GST rate is […]

The key feature of Interim Budget 2024 is that it reiterated government’s commitment to fiscal consolidation and conservatism. It has set 5.1% fiscal deficit target for FY 25. For FY 26, the budget has projected fiscal deficit target of 4.6% of GDP. For FY 24, the revised estimate of fiscal deficit target has been kept at 5.8% of GDP. Fiscal deficit target as a % […]

The most accurate measure of economic prosperity of a country is its GDP per capita or per capita income. It is calculated by dividing the total GDP of the country by its total population.

The real estate sector saw some slowdown in demand for affordable and middle income housing segments in the past 2 years. This happened because of successive increases in interest rates by RBI. These increases increased the cost of borrowing for home loan borrowers. The sector now expects the interim budget to provide some incentives to give a boost to demand for affordable and middle income […]