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The Modi Government's first real annual Budget is perhaps its most important test after flunking the Delhi Assembly examination. While businessmen will be watching it to gauge the intentions and determination of the Government to create a pro-business atmosphere, it will be equally eagerly watched by the armed forces community for its modernisation targets.

Sitharaman’s Budget seeks to inject efficiencies into the regulatory system.

Though the Budget has increased financial incentives to the RE industry, it does not reflect an unambiguous focus on the energy transition of the coun

The Finance Minister has chosen to walk the conservative path, hoping to stimulate investment and growth through small half-measures. Expect high rates of inflation in FY 13 and greater pressure on the fiscal deficit despite white paper on black money.

This was a budget without many surprises. Maybe we have evolved to being an economy, in which the budget is a mundane, technical exercise, of interest to economists and accountants, but of little immediate consequence for those who live in the real world.

While the coverage of Budgets in the media and research reports are mainly limited to high interest items like income-tax, sales tax, excise, inflation etc., the "Part A" of the budget, which is an indicator of government intention and priority, remains relatively under explored.

The accompanying politico-administrative changes apart, Elections-2004 has caused the mid-course review of the economic reforms, seeking to introduce the missing "human face", about which Prime Minister Manmohan Singh had begun talking about while in the Opposition.

In 2019, when the question is posed as to what his government did to tackle corruption, PM Modi can point towards demonetisation.

Against the backdrop of the pandemic, the budget continues to club the health sector with the social determinants of health

The focus on broadband expansion in the Union Budget is timely to take the IT revolution to the next level: social inclusion, e-commerce, media, and distance education for India?s small towns and rural pockets.

Here is a look at the 2014-15 Budget, presented by Finance Minister Arun Jaitely, through a series of graphs on allocations to various key sectors from the time of the previous NDA government.

On 1 February, Finance Minister Nirmala Sitharaman will make her most important political economy speech

There were no big reforms and no major policy turnarounds in the Union Budget presented by Finance Minister Arun Jaitley. It was a budget of small and tentative steps to help steady the ship and laid the foundation for big reforms in the months ahead.

It is for time to tell whether the suggested reforms will lead India to play a prominent role in the post-pandemic economic recovery.

This was not to be yet another budget speech. It came in the wake of a regime change where the electorate signaled its unhappiness with the direction of the country. Still, the FM came up with a modest Budget. But that is not the promise of the Modi government. The good days promised look far away.

We really do not understand inflation stickiness in India since 2010. However, the silver lining is that oil prices may not rise any further following the shale gas revolution in the US. The Finance Minister can certainly do something about growth and possibly pray for lower inflation.

While the Interim Budget is a temporary plan, the government’s priority and the country’s imperatives remain inclined towards inclusive developmen

The Interim Budget presented by Finance Minister P Chidambaram was a strange one. It contained much praise for the ruling coalition UPA's entire tenure, peppered with some disappointments.

The budget growth, clearly aimed at countering the challenge along the Sino-Indian border, is still marginal.

The Interim Budget indicates that the economic thinking is in the right direction— India is slated to have capital-driven growth in the coming futur

Finance Minister Nirmala Sitharaman budget remains unassuming in grand announcements, matter of fact in its outlook, and deglamorised in form—just t

Indian sovereign green bonds are critical for establishing a comprehensive sustainable investment architecture, thus a concrete roadmap needs to be ch

Some economists argue there is an overlap between the demands of the stock market and the emerging aspirational classes. The new FM has said, sacrifices will have to be made to correct the fiscal path. The question is who will make the sacrifices -- big capital or ordinary people?

The National Security Council Secretariat, headed by top spy Ajit Doval, may have gotten a staggering 311% increase in funds this year to tackle issues at the intersection of cybersecurity and nuclear weapon delivery systems.

The government’s promises on jobs and farmers’ incomes have fallen flat, so it may look to fill the gap with ‘sound and fury’.

This brief examines India’s defence allocations for 2022-23. It outlines the conceptual and definitional aspects of the defence budget, examines defence allocations from the prism of state of the economy and public finance, and explores the potential impacts of the budget announcements on the defence production sector of the government’s self-reliance mission, Atmanirbhar Bharat Abhiyan. The analysis also utilises a comparison of India’s mi

Sustainable magic requires that the magician remain credible.

Addressing long-pending bottlenecks in the infrastructure space will help realise the full benefits of increased capex spending.

Improving the fiscal state of cities will need a holistic push from all tiers of the government.

This year’s defence budget marks an increase of 8.1 percent from last year. China has justified its defence budget by arguing that its defence spending is less than 1.5 percent of its GDP, but that argument is not going to go down well with its neighbours.

The significant gap in fiscally integrating climate change concerns within national spending needs to be addressed

Amid rising debt, government bets that big infrastructure spending is not just growth-enhancing, but also popular

In the Finance Bill introduced in Parliament on February 28, the budget estimates (BE) for defence have increased marginally from Rs 83,000 crore in 2005-06 to Rs 89,000 crore for 2006-07 ¿ a rise of about 7 per cent. With inflation ruling at 4 to 5 per cent, the real increase in current rupees is only of the order about 2 per cent.

While Budget 2022 has made allocations to address the challenges faced by the economy, effective implementation of the Budget will be key to its succe

For India’s defence services, there is no escaping the budgetary ‘chakravyuh’

Keeping in line with the security needs of India, the defence budget saw a significant increase. Will this be enough to boost defence research and dev