Rs 50.65 lakh crore India Budget to boost entrepreneurship, innovation, investments

IANS | February 3, 2025 1:32 PM

New Delhi, Feb 3 (IANS) The focus on public-private partnerships (PPP) in infrastructure, along with 50-year interest-free loans for state projects, is expected to create a multiplier effect not only boosting India's GDP but also strengthening the states’ economy, leading industry chamber PHDCCI's President Hemant Jain said on Monday.

Budget math looks realistic, economic growth to pick up pace: Morgan Stanley

IANS | February 3, 2025 11:23 AM

New Delhi, Feb 3 (IANS) The Union Budget has managed to meet the goals of boosting consumption though tax cuts, increasing capex through transfers to states, and maintaining the path of fiscal consolidation which is expected to lead to a recovery in the economic growth rate with macro stability in a comfortable range, according to a Morgan Stanley report released on Monday.

Govt likely to introduce new income tax bill on Feb 6

IANS | February 3, 2025 10:57 AM

New Delhi, Feb 3 (IANS) After the revision in tax slabs in the Union Budget 2025-26 to leave 'enough money in the hands' of taxpayers, the government is likely to unveil the much-anticipated draft of the new Income Tax Bill on February 6.

Government’s consumption growth estimated to improve in FY25

IANS | February 2, 2025 9:46 PM

New Delhi, Feb 2 (IANS) The government consumption growth is estimated to improve in FY25 given the increase in the revenue expenditures of both state and union governments, while private consumption growth is expected to be driven by rural demand, easing inflation and a favourable base, according to a report on Sunday.