The funds will be used to infuse ₹4,557 crore into IDBI Bank and ₹2,500 crore into state-run insurance firmsMost forecasters have cut growth projections for FY20 and expect the economy to have grown below 5% in Sep quarter
2 min read29 Nov 2019With govt spending on education at around 3% of the annual budget, private capital bringing in around $200 mn each year and CSR investment of $500 mn as of 2016, it's not that education has not attracted investment
1 min read3 Oct 2018Higher government spending on the farm community and on infrastructure, irrigation and housing in rural areas will cascade into higher consumption
1 min read24 Apr 2018Cement prices have failed to sustain at higher levels because real estate activity, especially from the housing segment, is still in the doldrums
2 min read17 Apr 2018All the cloak and mirrors that governments over time have engaged in, and continue to do, can be traced to the total lack of accountability for outcomes
4 min read6 Feb 2018The Union budget is now evolving into more of an annual macroeconomic statement, especially the centre's stance on the fiscal deficit
3 min read5 Feb 2018The matrix below shows where the Union government and 31 state governments spent in 2015-16
1 min read30 Jan 2018Now is not the time to jettison our hard-won macro-economic stability, or policies that have enabled us to move from being one of 'the fragile five' to a favoured investment destination
4 min read30 Jan 2018With the bank recapitalisation done and dusted, the focus shifts to the rising bond yields that have hit the banks' balance sheets hard.
6 min read29 Jan 2018For the June quarter as a whole, expenditure was up by Rs1.39 trillion or 27%, from a year ago
1 min read3 Aug 2017The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared