Economy

India’s First Mini Budget: A Historical Insight

As Finance Minister Nirmala Sitharaman gears up to present the Union Budget on February 1, 2025, marking her eighth consecutive budget, it is essential to reflect on the history and trivia surrounding India's budgetary milestones. One of the significant events...

When was the Budget Printed In Hindi For The First Time?

Finance Minister Nirmala Sitharaman is set to present the Union Budget for the financial year 2025-26 on February 1, outlining the Centre’s expenditures, revenues, and tax proposals. This marks the second full budget of the NDA government in its third...

Who has Presented Budget The Most Number of Times?

On February 1, 2025, Finance Minister Nirmala Sitharaman will create history by presenting her eighth consecutive Union Budget, making her the first finance minister in India's parliamentary history to achieve this milestone. The upcoming budget for the financial year (FY)...

Deloitte Projects Indian Economy to Grow 6.5-6.8% in FY 2024-25

Deloitte India has revised its GDP growth projection for the fiscal year 2024-25 to a range of 6.5% to 6.8%, citing global trade uncertainties and domestic challenges. The firm emphasizes the need for cautious optimism as the economy navigates these...

Indian Economy Projected to Grow at 7% in FY25: Moody’s Revises Forecast

The global ratings agency Moody’s has downgraded India’s economic growth forecast for the fiscal year 2024-2025 to 7%, down from the 8.2% growth recorded in the previous fiscal year. This revision reflects a combination of domestic and global economic slowdown...

Mudra Loans Disbursal Hits Record ₹3.39 Lakh Crore in Q3 FY25

In the third quarter of the fiscal year 2024-25, the Pradhan Mantri Mudra Yojana (PMMY) achieved a historic milestone by disbursing ₹3.39 lakh crore in loans, marking the highest quarterly disbursement since the scheme's inception in 2015. This significant uptick...

CII Projects 7% GDP Growth for 2025-26 Amid Rising Investments

The Confederation of Indian Industry (CII) anticipates India's Gross Domestic Product (GDP) to grow by 7% in the fiscal year 2025-26, driven by an uptick in private investments and employment generation. Private Investments on the Rise A recent pan-India survey...

India’s FY25 Growth Forecast Cut to 6.5% by IMF

The International Monetary Fund (IMF) has revised India’s economic growth forecast for FY25, reducing it to 6.5%, down from earlier projections. Despite this downward revision, the IMF retained a stable growth outlook for FY26. The adjustment reflects current challenges, including...

Cabinet Approves ₹11,440 Crore Revival Package for Debt-Ridden RINL

The Union Cabinet has sanctioned a substantial ₹11,440 crore package to revitalize Rashtriya Ispat Nigam Limited (RINL), commonly known as Vizag Steel, addressing its critical financial challenges. Crux This strategic intervention aims to infuse ₹10,300 crore as equity capital into...

FICCI Revises India’s Economic Projections for FY 2024-25

The Federation of Indian Chambers of Commerce and Industry (FICCI) has adjusted its economic forecasts for India, projecting a GDP growth rate of 6.4% and a Consumer Price Index (CPI)-based inflation rate of 4.8% for the fiscal year 2024-25. This...