Economy

Union Budget of India: Know the Meaning and Its Significance

What is Union Budget? In accordance with Article 112 of the Constitution of India, the government is mandated to present the Union Budget at the Parliament before the commencement of each financial year. This budget outlines the projected receivables and...

Economic Survey 2025: Key Highlights, Summary, and Important Points

The Economic Survey of India 2025 provides a comprehensive overview of India’s economic performance, highlighting key trends, challenges, and policy recommendations for sustainable growth. As a precursor to the Union Budget, the survey underscores the resilience of the Indian economy amidst...

Economic Survey 2025: Nirmala Sitharaman Tables the 2024-25 Report – A Detailed Analysis

The Economic Survey 2024-25, prepared by the Ministry of Finance, Government of India, provides a comprehensive analysis of India’s economic performance, key sectoral developments, and policy recommendations. Below is a chapter-wise summary of the survey. Here's a detailed chapter-wise summary...

Economic Survey 2025: Who will present it, key highlights, and why it matters

Economic Survey 2025 is a pivotal document that provides a comprehensive overview of India's economic performance over the past year and sets the tone for future policy directions. Traditionally, this survey is presented in Parliament on January 31, a day...

Why Economic Survey Presented Before the Union Budget?

The Union Budget is one of the most significant events in India’s financial calendar, outlining the government’s revenue and expenditure plans for the upcoming fiscal year. However, before the Budget is presented, another critical document is released: the Economic Survey....

India’s Forex Reserves Experience Significant Decline

India's foreign exchange reserves have witnessed a notable decrease, reflecting the nation's ongoing economic challenges. As of January 10, 2025, the reserves stood at $625.87 billion, marking a decline from the previous week's $634.59 billion. What Factors Are Contributing to...

How Budgets Have Shaped India’s Economy: A Historical Perspective

India’s Union Budgets have played a pivotal role in shaping the nation’s economic trajectory, reflecting the country’s evolving priorities, challenges, and aspirations. From the early years of independence to the present day, each budget has been a blueprint for growth, reform, and...

Government Approves ₹500 Crore Capital Infusion into IFCI for FY 2024-25

The Government of India has sanctioned a ₹500 crore capital infusion into the Industrial Finance Corporation of India (IFCI) for the financial year 2024-25. This strategic move aims to bolster IFCI's financial health ahead of its planned restructuring and consolidation....

Union Budget 2025: 25 Key Terms You Must Know

Finance Minister Nirmala Sitharaman is set to present the Union Budget 2025, marking her eighth budget presentation and the second full budget of Modi 3.0. The budget, scheduled for February 1, is a crucial document that outlines the government's financial plans for the...

India Sets New Norms for Claiming Tax Treaty Benefits: A Detailed Analysis

The Income Tax Department of India has recently issued a guidance note on the applicability of the Principal Purpose Test (PPT) for claiming tax treaty benefits. This move is part of India’s ongoing efforts to align its Double Taxation Avoidance Agreements (DTAAs) with global standards, particularly those outlined in...