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BUDGET AT A GLANCE - India Budget

Updates: The Centre can't ignore the contribution made by gig workers in India's ecommerce industry. Therefore, industry players have high hopes for this budget and expect Finance Minister Nirmala Sitharaman to announce measures to further boost the gig economy by announcing welfare schemes aimed at bringing significant changes in the lives of gig workers, such as a social security fund and insurance.The Centre showed its intent almost four years ago when, in her budget speech for the Union Budget 2020-21, Finance Minister Nirmala Sitharaman announced the establishment of a portal to collect information about gig workers according to the labour codes. Progress has been slow on this front, as various states have yet to frame rules under the labour codes.Budget 2024 Live: Another scheme for domestic staff on the anvil?Union Budget 2024 Live Updates: According to sources, Finance Minister Nirmala Sitharaman could extend a social security scheme meant for domestic workers. The details of the scheme are not clear, but it could be related to universal welfare payments, covered under the Social Security Code, 2020. Moreover, other benefits such as pension, maternity benefits, medical insurance, and minimum wage could be announced. If the Finance Minister announces such measures, they would go a long way in providing much-needed social security to millions of domestic workers across the country.Budget 2024 Live: More boost needed to tap huge potential of India's offshore wind power capacityUnion Budget 2024 Live Updates: Climate change is not just another topic to discuss these days but has become a stark reality that the current generation cannot ignore, or else it will incur a hefty price. For India to realize its commitment to achieve a Net Zero emission target by 2070, a well-thought-out strategy must be put in place. While many heartening steps have been taken in renewables, India has not paid enough attention to its 7,600 km-long coastline, which could greatly boost its offshore wind power capacity. Interestingly, the central government approved Rs 7,453 crore to ramp up the country's nascent wind power capacity last month, but that amount is insufficient given the current state of affairs; more funds and actions are needed. According to experts, one step that could be taken in the budget is to introduce a production-linked incentives scheme for the sector to significantly boost India's wind equipment manufacturing capacity. India already has a well-established manufacturing capacity for turbines and blades, but it needs to

budget at a glance - India Budget

And enable the nation to enter the exclusive club of developed nations would be to enhance the capabilities of its labour force. Of the participants, over a fourth (26.3%) felt that India needed to create jobs faster, while 33.2% wanted the government to concentrate on inclusive growth.Budget 2024 LIVE Updates: Sitharaman arrives at Finance MinistryUnion Budget 2024 Live Updates: Finance Minister Nirmala Sitharaman arrives at the Ministry of Finance. She will present the Union Budget today at around 11 AM at the Parliament.Budget 2024 LIVE Updates: Here's a 10-year review of Sensex on Budget daysUnion Budget 2024 Live Updates: Based on a 10-year review, the Sensex has gained an average of 0.27% on Budget days; the worst D-Day was the 2020 Budget, when the index dropped by 2.43%. The most successful Budget Day was in 2021, when the Sensex finished with a respectable 5% gain.Budget 2024 LIVE Updates: What is the best strategy for Budget 2024 to deal with the issue of unemployment in India?Union Budget 2024 Live Updates: In an ET Online Survey, the majority of respondents (54.1%) believed that the budget needs to provide incentives for private employers who create jobs. As many as 32.2% of participants believed that the government should establish more MSME units in recognition of the critical role that small enterprises play in creating jobs, while 9.5% believed that hiring more government employees was the answer.Budget 2024 LIVE Updates: Capex boost on infrastructure and funding for PLI schemesUnion Budget 2024 Live Updates: India's updated union budget will maintain, or quite possibly increase, capital expenditure on infrastructure and funding for production-linked incentive schemes, said Aditi Raman, Associate Economist, Moody’s Analytics. Raman added, "The budget will also likely usher in a more standardised approach to taxation, but the broad thrust will be one of policy continuity in the wake of the surprising outcome in this year’s general election.""After losing its majority in the lower house, or Lok Sabha, in June, Prime Minister Narendra Modi’s Bharatiya Janata Party will be looking to nurture confidence and public trust in the new coalition government that it now leads. The budget will have a bearing on business and consumer confidence.India is slated to have one of the strongest-growing economies in the Asia-Pacific region in 2024 and 2025. This is primarily due to government spending, rather than domestic consumption or exports, which are important drivers elsewhere in the region. For a

Key Features of Budget - India Budget

2024 LIVE Updates: Where can you get the Budget document?Union Budget 2024 Live Updates: Budget 2024 will once again be paperless, as has been the trend in recent years. All Budget documents can be accessed using the 'Union Budget Mobile App'. The app can be downloaded on Android and iOS platforms, or from the Union Budget web portal. The documents will be available in English and Hindi.Budget 2024 LIVE Updates: Modi in Parliament ahead of Budget presentationUnion Budget 2024 Live Updates: The Union Cabinet headed by PM Modi meets in Parliament to approve the Union Budget ahead of its presentation by Finance Minister Nirmala Sitharaman.Budget 2024 LIVE Updates: Will Budget see Naidu and Nitish swing?Union Budget 2024 Live Updates: While Nirmala Sitharaman is expected to stick to fiscal prudence in Budget that she will present today at 11 am, speculations were rife that the Modi government was perhaps facing demands from key coalition allies - particularly Chandrababu Naidu and Nitish Kumar - to allot more funds to their states. Bloomberg had reported that Naidu may have asked for more than Rs 1 lakh crore allocation for Andhra Pradesh in Budget 2024, while Nitish Kumar was said to be demanding Rs 30,000 crore from India Budget.Budget 2024 LIVE Updates: Amit Shah and Rajnath Singh in the houseUnion Budget 2024 Live Updates: Union Home Minister Amit Shah and Defence Minister Rajnath Singh arrived at the Parliament as Finance Minister Nirmala Sitharaman prepares to present the Union Budget today in Lok Sabha.Budget 2024 LIVE Updates: Changing the Budget datesUnion Budget 2024 Live Updates: In order to enable the administration to finish the parliamentary approval process by the end of March and enable the budget to be implemented beginning on April 1st, the budget presentation date was rescheduled in 2017 to February 1st.Since the budget was presented on February 29, the legislative approval procedure would take two to three months, so the implementation may not begin until May or June.Budget 2024 LIVE Updates: A look at history of Budget timingUnion Budget 2024 Live Updates: Earlier, the budget was unveiled at 5:00 p.m. on the final day of February. The announcements were timed to coincide with a colonial tradition that allowed announcements to be made simultaneously in London and India. Since India is four hours and thirty minutes ahead of British Summer Time, delivering the budget at 5 p.m. in India guaranteed that it would. India Union Budget 2025 PDF Download in English; India Union Budget 2025 PDF Download in English; India Union Budget 2025 PDF Download in English; India Union Budget 2025 PDF India Budget 2025 - A synopsis. India Budget 2025 - Shaping Economy. India Budget 2025 - Changing Landscape. Deciphering India Budget 2025. India Budget 2025 - the Essence. India Budget 2025 - Navigating the Change. An

Budget at a Glance - Open Budgets India

Equipment producers is India’s significant under-utilisation of medical devices, which represents a significant opportunity for development. The Indian government has implemented a variety of policies and initiatives to facilitate the growth of India’s medical device sector. In 2014, the Indian government initiated the aforementioned “Make in India” campaign, specifically identifying this sector as a priority. The Interim Budget 2024–25 allocates a total of INR98,461 crore, or USD11.85 billion, to all pharmaceutical and healthcare enterprises, including the Ministry of Ayush.Market scenarioThe Indian healthcare sector is among the largest in terms of employment and revenue. In 2022, it is anticipated that the Indian healthcare industry will generate revenues that surpass USD370 billion. Nexdigm predicts that the healthcare market will surpass USD610 billion by 2026. Furthermore, the healthcare sector in India has undergone a significant transformation because of substantial investments in infrastructure development. The interim budget for 2024–25, which allocates INR90,658.63 crore to the Union Health Ministry, is a clear indication of the Indian government’s emphasis on healthcare expenditure. This amount represents a 12.59% increase.Both the commercial and public sectors drove consistent growth in the Indian healthcare industry, valuing it at USD372 billion in 2022. By 2025, it is anticipated that the e-health market will transcend USD10.6 billion. By fiscal year 2027, the Indian hospital sector is expected to reach USD221.50 billion, representing a compound annual growth rate (CAGR) of 18.24% from its current valuation of USD95.86 billion in the fiscal year 2021.As of 2024, the Indian healthcare sector is one of the main employers in India, with 7.5 million individuals employed. Experts predict that telemedicine, virtual assistants, and data analytics will generate 2.7–3.5 million new technical jobs.The healthcare sector is one of India’s largest employers, with 7.5 million people employed by 2024. The integration of AI in the Indian healthcare sector will generate approximately three million new jobs by 2028. As a result of the growing demand for healthcare facilities that are more specialised and of significantly higher quality, the market size has increased. India is the world’s 21st-largest market for medical equipment. It is the fourth-largest medical apparatus market in Asia, following Japan, China, and South Korea. Major global corporations and minor and medium-sized enterprises make up the medical device industry in India. The India Brand Equity Foundation (IBEF) predicts that the Indian medical equipment market will grow at an annual growth rate of 16.4%, from INR90,000 crore (USD11 billion) in 2022 to USD50 billion by 2030. The Indian market accounts for approximately 1.65% of the global medical device market.Industry professionals predict that the diagnostic instrument market will grow from USD4 billion in 2023 to USD6 billion in 2027. Industry experts predict a CAGR of 16.4% for the diagnostic imaging industry between 2020 and 2030. Government initiatives – such as the Production-Linked Incentive Scheme for Medical Devices 2020 (the “PLI scheme”) and the development of medical parks – would serve to stimulate the medical device market.In the fiscal year 2022, India’s medical device exports amounted to INR19,803 crores, which is equivalent

Prominent Themes of the Budget - India Budget

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Implementation of Budget Announcements - India Budget

Says Congress MP DK Suresh 18:21 (IST) 1 Feb 2024 Budget 2024 Live: '11.1 % increase in infrastructure capex outlay for next year will support all forms of infrastructure' There is comprehensive improvement in positioning India on the world map for tourism, said Neetu Vasanta, Managing Director and Partner, Leads Travel, Cities, and Infrastructure Practice for BCG India.By the G20 Summit, this has been expedited especially in business and conference tourism, Vasanta said.With more domestic travellers exploring the country and the huge potential for tourism, there is ample opportunity for entrepreneurship in the sector, Vasanta added."The 11.1 % increase in infrastructure capex outlay for the next year will support all forms of infrastructure, physical, digital, or social, which are already being built in record time," she further said. 17:59 (IST) 1 Feb 2024 Budget 2024 Live: Interim Budget has been able to infuse confidence about progress of India, says Rahul Jain As anticipated, the Interim Budget has been able to infuse confidence about the progress of India and has set the tone for the Viksit Bharat roadmap, said Rahul Jain, Managing Partner, BCG India, on Thursday.The policy goal has been made clear with focus on building strong ecosystems for inclusive growth of citizens, he added. 17:40 (IST) 1 Feb 2024 Budget 2024 Live: 'Budget strikes delicate balance between laying groundwork for India’s bright future and emphasising responsible action' On Thursday, Sanjeev Krishan, Chairperson, PwC said that the Interim Budget 2024 stroke a delicate balance between laying the groundwork for a bright future of India (Amrit Kaal) and underlining responsible action (Kartavya Kaal). The substantial growth in capital expenditure highlights the government’s unwavering dedication to addressing the core economic needs of the country and boosting economic growth, Krishan said.Finance Minister Nirmala Sitharaman’s continued focus on infrastructure development, coupled with her focus on inclusivity, carries far-reaching possibilities, he added. 17:20 (IST) 1 Feb 2024 Budget 2024 Live: Sitharaman puts spotlight on significant disturbance in Red Sea #watch | On the India-Middle East-Europe Economic Corridor, Union Finance Minister Nirmala Sitharaman says, "Well, it's been announced and we are taking it forward. Yes, there is a significant disturbance in the Red Sea area and the Middle East. But this is a project which has… pic.twitter.com/wn78LoMWWd— ANI (@ANI) February 1, 2024 16:57 (IST) 1 Feb 2024 Budget 2024 Live: Lower tax rate will not be extended to new manufacturing units established after March 2024 Finance. India Union Budget 2025 PDF Download in English; India Union Budget 2025 PDF Download in English; India Union Budget 2025 PDF Download in English; India Union Budget 2025 PDF