Economy

Three New Economic Railway Corridors Announced in Budget 2024

In the Interim Budget for 2024-25, Union Finance Minister Nirmala Sitharaman unveiled a transformative plan to strengthen the Indian Railways. This comprehensive approach involves the establishment of three crucial economic railway corridors, aligning with the PM Gati Shakti initiative. Additionally,...

Budget 2024 GK Quiz, Question and Answer

The Budget 2024 GK Quiz, Question and Answer covered diverse aspects of the fiscal plan. In the realm of welfare, it introduced progressive measures aimed at bolstering economic growth while ensuring social equity. The government emphasized investments in key sectors...

PIB Highlights Of The Interim Union Budget 2024-25

PIB Highlights Of The Interim Union Budget 2024-25 In a significant move, Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman presented the Interim Union Budget 2024-25 in Parliament, underlining the government's commitment to inclusive growth with the mantra of...

Union Budget 2024 Detailed Sector Wise, Defence, Education, Railway and Income Tax

In the Budget for the fiscal year 2024-25, the Union Government demonstrates a robust commitment to bolstering economic growth through substantial investments in infrastructure development. The total expenditure in the Budget is estimated at 47,65,768 crore(47.65 Lakh Crore), with a...

Interim Budget 2024-2025 Speech of Nirmala Sitharaman

Interim Budget 2024-2025 Speech of Nirmala Sitharaman Minister of Finance February 1, 2024 Introduction The Indian economy has witnessed profound positive transformation in the last ten The people of India are looking ahead to the future with hope and optimism....

GST Collection Soars 10% in January to Record ₹1.72 Lakh Crore, Marking Second-Highest Ever

In a commendable financial feat, the Centre reported a 10.4% surge in Goods and Services Tax (GST) revenue for January, reaching an impressive ₹1,72,129 crore. This milestone represents the second-highest GST collection ever recorded, with the ₹1.7 lakh crore benchmark...

India’s Core Sector Growth Slumps to 14-Month Low at 3.8% in December 2023

India's core sector output growth plummeted to a 14-month low of 3.8% YoY in December, as reported by the Ministry of Commerce and Industry. This sharp decline from the previous month's 7.9% was attributed to a high base and a...

Government Cuts Import Duty on Phone Components Cut to 10% from 15%

In a strategic move to bolster the mobile phone manufacturing industry in India, the Centre has announced a significant reduction in import duties on mobile phone components. The import duty on parts used for mobile phone manufacturing has been slashed...

IMF Boosts India’s GDP Growth Forecast to 6.7% for Current Fiscal Year

In a notable development, the International Monetary Fund (IMF) has revised its GDP growth estimate for India to 6.7% for the current financial year, marking a 40 basis points increase from its earlier forecast of 6.3%. This optimistic adjustment is...

Questions and Answers on Finance Ministry’s The Indian Economy: A Decade in Review Report

Q & A on Finance Ministry's The Indian Economy: A Decade in Review Report 1. What is the primary focus of The Indian Economy: A Review report? (a) Historical events (b) Current political landscape (c) Economic journey and challenges (d)...