Skip to main content

Posts

Showing posts with the label Economy

The Indian Budget 2025

 The Indian Budget 2025 boosts economic growth with ₹12 lakh tax-free income, ₹1 lakh senior citizen interest deduction, and ₹6 lakh TDS rent threshold. ₹500 crore funds AI research, 100 low-productivity districts get agricultural aid, and railway modernization expands tracks. ₹2 crore loans support SC/ST women entrepreneurs, while BharatNet enhances digital access. Union Budget (2023-2026) Category 2023-24 Actuals 2024-25 Budget Estimates 2024-25 Revised Estimates 2025-26 Budget Estimates Revenue Receipts ₹27.29 lakh crore ₹31.29 lakh crore ₹30.88 lakh crore ₹34.20 lakh crore Tax Revenue (Net to Centre) ₹23.27 lakh crore ₹25.83 lakh crore ₹25.57 lakh crore ₹28.37 lakh crore Non-Tax Revenue ₹4.02 lakh crore ₹5.46 lakh crore ₹5.31 lakh crore ₹5.83 lakh crore ...

Home-Based Enterprises in India

  India, a land of vibrant culture and entrepreneurial spirit, thrives on the ingenuity and resourcefulness of its people. Amidst the bustling streets and urban landscapes, there lies a significant yet often overlooked segment of the economy – home-based enterprises. These businesses, operated from the comfort of one's home or nearby premises, constitute a crucial component of India's economic fabric, contributing to employment, productivity, and overall economic growth.   1. Evolution of Home-Based Workforce Over the past few decades, the landscape of home-based enterprises in India has witnessed both growth and flux. According to data sourced from the National Sample Survey, the number of home-based workers stood at approximately 47.14 million in 2004-05. This figure saw a modest increase to 49.20 million by 2011-12. However, a noticeable decline was observed in 2017-18, with the estimated count dropping to 41.85 million. Despite this fluctuation, home-based work consi...

Budget 2024-25: Receipt, Expenditure, Deficit and Allocations

  The recently unveiled budget for the fiscal year has earmarked significant allocations for key ministries, reflecting the government's priorities and focus areas. The Ministry of Agriculture and Farmer's Welfare leads with a substantial ₹6.2 Lakh Crore, emphasizing the paramount importance of the agricultural sector. Other notable allocations include ₹2.55 Lakh Crore for Defence, ₹2.78 Lakh Crore for Communications, and ₹2.13 Lakh Crore for Road Transport and Highways. These figures underscore the government's commitment to various sectors crucial for national development and welfare. Ministry Allocation (in ₹ Lakh Crore) Ministry of Defence 2.55 Ministry of Road Transport and Highways 2.13 Ministry of Railways 1.68 Ministry of Consumer Affairs, Food & Public Distribution 2.03 Ministry of Home Affairs 1.77 Ministry of Rural Development 1.37 Ministry of Chemicals and Fertilizers 1.68 Ministry of Communications 2.78 Ministry of Agriculture and Farmer's Welfare 6.2 T...