The Donald Trump administrationâs announcement of reciprocal tariffs on several American trading partners is causing a strategic shift in trade globally. As India gears up to take advantage of this by ramping up manufacturing, there lurks another opportunity. Many of the manufacturing sectors in focus, such as apparel, textiles, footwear, food products and electronics, have…
New Delhi, Apr 3 (PTI) Union Minister Jitin Prasada on Thursday affirmed India’s readiness to “reform, perform, and transform” via its startup ecosystem and said that the country is in the safe hands of a strong and stable government. Prasada, Minister of State for the Ministry of Commerce & Industry and Ministry of Electronics &…
Narendra Modi on Sunday became the first Prime Minister to visit the Rashtriya Swayamsevak Sangh (RSS) headquarters in Nagpur, Maharashtra. Modi visited the memorial of RSS founder Keshav Baliram Hedgewar at the Sanghâs headquarters in Reshim Bagh, Nagpur on the occasion of his birth anniversary. He was accompanied by RSS chief Mohan Bhagwat. Later, Modi…
On 1 February 2025, Indiaâs finance minister Nirmala Sitharaman presented her record eighth budget in Parliament. Her budgets have usually been characterized by three signature features: transparency, fiscal prudence and high capital expenditure (capex). However, in the 2024-25 and 2025-26 budgets, there is a visible tension between the latter two. Capex growth has been drastically…
Of the denim fabric makerâs 2,200 workers, spread across six plants, more than 1,700 are from the eastern states of Odisha, Bihar, West Bengal and Assam. The 52-year-old native of West Bengal has been in the human resources role for 13 years. He claims he can now understand the mindset of migrants really well. Those…
It has done a good job on important economic challenges, such as ensuring the governmentâs fiscal health and driving investments for growth. But it failed to initiate programmes to deal with structural problems brought to the fore by farmers from Punjab, Haryana and western Uttar Pradesh. This is unfortunate. The finance minister quoted Telugu playwright…
Dispirited by an economic slowdown and stagnant spending power, observers greeted finance minister Nirmala Sitharamanâs beribboned tax breaks with a combination of euphoria and hope. There was elation because tax breaks could mean more money to spend and save; there are also expectations that this time will be different, because past experience shows that good…
Notably, fiscal consolidation remains the budgetâs primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This is underpinned by conservative assumptions, including nominal GDP growth of just above 10% and its measured expectation of tax buoyancy at 1.07, after the highs of 1.40 in 2023-24 and…
The Union Budget for 2025-26 will be known for several path breaking measures, and in a true sense, it’s a people’s budget. The budget has announced significant measures for manufacturing, MSMEs, employment, regulatory reforms, strategic areas like ship-building, nuclear and many more, thereby accelerating our journey towards Viksit Bharat. These measures came at a pivotal…
Budget Session: President Droupadi Murmu addressed a joint sitting of Parliament ahead of the Budget Session on Friday. In her speech, the president listed the achievements of the Prime Minister Narendra Modi-led Union government. The President paid tribute to all those who lost their lives during the stampede in the Mahakumbh 2025. She also paid…
