India’s Narendra Modi faces tough budget challenge as economy slows

India’s Modi to seek to boost growth, ease cost of living in budget

By Shivangi Acharya NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi faces the challenges of reviving growth and giving relief to a middle class hit by rising living costs, while also preparing for an uncertain year of global trade, when his government unveils its budget on Saturday. Finance Minister Nirmala Sitharaman will present the budget for the next fiscal year in parliament at 0530 GMT. She may provide a policy boost for the worl…

India's Economic Ambitions: Navigating Global Challenges En Route to 2047

India's Economic Ambitions: Navigating Global Challenges En Route to 2047 In the wake of global economic challenges, Chief Economic Adviser V Anantha Nageswaran emphasized India's need to leverage favorable global conditions to accelerate growth and achieve developed nation status by 2047.He cited the Economic Survey, which indicates a necessary growth rate of 8% over decades, despite projections of a slowdown to 6.4% in 2024-25.Addressing forei…

Amid 90-hour work week debate, IITian CEO slams Indian techies over ’reluctance’ to work 6 days a week despite…

IITian CEO Varun Vummadi's comments on Indian engineers' reluctance to work six days a week sparked a debate online. Many argue favoured a five-day workweek, citing work-life balance, others countered productivity over excessive working hours.

Budget 2025: I-T exemption threshold remains unchanged for 10 years - Will FM raise it this time?

Budget 2025: As Finance Minister Nirmala Sitharaman prepares to present Union Budget 2025 on February 1, salaried people are expecting some relief in terms of income tax liability. Experts believe that the threshold should be changed as it has remained unchanged at Rs 2.5 lakh since 2014 in the old tax regime. Old tax regime Under the old tax regime, Income from Rs 2.5-5 lakh attracts 5 per cent tax, and 20 per cent for income between Rs 5 lakh …

Private Sector Must Share Profits With Employees For Growth: Chief Economic Advisor

Chief Economic Adviser Anantha Nageswaran painted a stark picture of how Indian corporates are compensating their workers and employees, and called for a more equitable distribution of incomes. "If you look at the growth in profitability and the growth in employment expense - a combination of hiring and compensation - there is a huge disparity between the two, which has been highlighted by several private players themselves in the last few month…

Economic Survey Weighs In Amid Work Hours Debate, Notes ‘Over 60-Hr Work Week Detrimental to Mental Well-Being, Could Have Adverse Health Effect’, Citing Studies | 📰 LatestLY

Amid a debate over 70-90-hour work week, the pre-Budget Economic Survey on Friday cited studies to state that spending over 60 hours a week on work could have adverse health effects. The survey noted that spending long hours at one's desk is detrimental to mental well-being and individuals who spend 12 or more hours (per day) at a desk. 📰 Economic Survey Weighs In Amid Work Hours Debate, Notes ‘Over 60-Hr Work Week Detrimental to Mental Well-Be…