Category: Budget India

‘India ushering in rapid structural reforms to become USD 5 trn economy by 2025’

New Delh:  India is strengthening the entire ecosystem to achieve Prime Minister Narendra Modi’s dream of becoming a USD 5 trillion economy by 2025 through rapid structural reforms, Union Minister Piyush Goyal said on Saturday. Addressing the Pravasi Bharatiya Diwas conference, the Commerce and Industry Minister said: “We […]

Highlights: India unveils budget aimed at wooing countryside before election

NEW DELHI – India on Friday unveiled an interim budget with giveaways for rural and poorer citizens, in what is being seen as a critical test for Prime Minister Narendra Modi, who is facing anger over depressed farm incomes and unemployment with a general election just months away. […]

Budget 2019: Government steps up farm support, gives tax relief in pre-election budget

NEW DELHI – India’s government pledged 750 billion rupees ($10.56 billion) to support poor farmers and reduced the tax burden for the middle class on Friday, as it looked to rally support from voters with the final budget before a general election. Heading into polls that must be […]

Modi’s populist budget to weigh on next government: economists

NEW DELHI – The pre-election budget of Prime Minister Narendra Modi’s government, including handouts for farmers and tax cuts for the lower middle class, is likely to weigh on whoever forms the next administration, economists warned on Friday. The government abandoned its budget deficit target for the next […]

Modi’s promised handout to farmers gets lukewarm response

MUMBAI – “Peanuts” was how one rural politician described a 6,000 rupee ($84) yearly handout to small farmers promised in Friday’s budget as Indian Prime Minister Narendra Modi tries to secure the support of rural voters in a forthcoming election. Recent polls predict Modi’s ruling Bharatiya Janata Party […]