Dear ReadersOn 15th August 2024 Bharatwasi will celebrate Independence Day with patriotic fervour by paying homage towards Bharat Mata. On 19th August we will celebrate Raksha Bandhan, the festival of love and affection between sisters and brothers, when sisters tie Rakhi to their brothers wis...
Finance Minister Nirmala Sitharaman broke the record of the former Prime Minister Morarji Desai by presenting her seventh consecutive Budget on July 23 for the fiscal year 2024-25.But not for record breaking numbers, this year’s Budget was different in its core premises also with steady improving ...
Since 2020-21, Finance Minister Nirmala Sitharaman has been steadfast in her commitment to fiscal consolidation while also increasing the allocation for capital expenditure.In 2020-21, the Union government's fiscal deficit was a staggering 9.2 percent of GDP. By 2023-24, she managed to reduce it to ...
Budget 2024 drew significant anticipation from various segments of society—state governments, corporations, banks, employees, economists, and farmers—eager to discern the priorities of PM Modi’s coalition government. This interest was driven by two key factors: first, after nearly60 years...
To address persistent high food inflation, Finance Minister Nirmala Sitharaman could allocate more to agriculture. Last fiscal year, India grew by 8.2%, but surprisingly, agricultural growth declined from 4.7% in FY 23 to 1.4% in FY 24. During the COVID-19 period, agricultural growth had been quite ...
A Note of Warning from the Official Economic Survey 2023-24 The Economic Survey (the Survey) of Fiscal Year (FY) 2023-24 was submitted to the Parliament on July 22, a day ahead of presentation of the Annual Budget for the FY2024-25. The Survey did not create any stir in the House. It was a near...
The Economic Survey is an annual report issued by the Ministry of Finance, Government of India. First published in the 1950-51 fiscal year as part of the Union Budget, it was separated from the Budget in 1964 and now precedes it by one day. The Survey reviews the performance of the Indian economy ov...
With the recent skirmishes in the Arunachal border and the help China extends to Pakistan, Bangladesh and Sri Lanka we tend to believe that China is India’s ‘enemy number one’. But when we look at India’s foreign policy and now try to analyse its economic strategies, we are proved all wrong....
The Sixth Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) is scheduled to be held in Thailand in September 2024. Prior to this, the Foreign Ministers’ Retreat took place from July 11-12, 2024, in New Delhi. This retreat serves as a platform fo...
The tour occurred against a backdrop of mutual interest in enhancing economic ties, marking a pivotal moment for both nations. The principal agenda of the Prime Minister’s visit was deepening bilateral economic ties, building on the robust collaboration in defense and space exploration that charac...
