This is her second budget presentation. She presented a budget of ₹3.39 lakh crore for FY 2023-24. She focussed on farmers, women, the weak tea sector, and some infrastructure areas. Bhattacharya projected the state GDP growth as 8.4% and the growth rate of industry as 7.8% in the continuing FY 2022-23.
The state is already faced with an outstanding debt of ₹ 5.86 lakh crore, according to reports. In March 2022, the debt was ₹ 5.28 lakh crore with a fiscal deficit of ₹ 53,431.76 crore and a revenue deficit of ₹ 32,963.60 crore. At the same time, the government is optimistic about the collection from state excise. It is reportedly known that for the fiscal ending on March 31, the target of state collection of excise duty would be ₹ 16,500 crore. The excise collections had already crossed ₹13,500 crore as of January 31. Budget deficit in FY 202324 may be 3.83% of GDP which is not very alarming in this economic situation.
Some of the important announcements
هذه القصة مأخوذة من طبعة March 1 - 31, 2023 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة March 1 - 31, 2023 من BUSINESS ECONOMICS.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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NITI Aayog launches the "Fiscal Health Index 2025"
The report also highlights state-specific challenges and areas for improvement.
Convergence of Science and Spirituality ensures a healthier future
Speech of Dr. Prasun Mishra, President AAPM, Chair, WISE Capitals on the 15th World Confluence of Humanity, Power and Spirituality on 27th December 2024
The Crisis in Bolivia
Political leaders must put aside their rivalries and focus on stabilizing the economy.
Assam Government hosts successful Investors' Roadshow in Kolkata
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India needs to reform both global and domestic policies to boost core sector growth
The core sector, consisting of key industries such as petroleum and refining, electricity generation, steel production, coal mining, crude oil, natural gas, cement, and fertilizers, requires comprehensive policy reforms to enhance its contribution to the overall industrial output.
Understanding the implications of India's revised GDP growth outlook
India's GDP growth rate forecast for FY25 has recently been revised downwards by several institutions, reflecting a broader economic slowdown.
Achievements and Challenges of a Decade of 'Make in India'
The 'Make in India' initiative, launched in 2014, marks a significant milestone as it completes a decade of efforts to position India as a global manufacturing hub.
Indian Rupee depreciation against the dollar: Why it's not a cause for concern
The daily fluctuations in the exchange rate of the Indian rupee against the dollar have kept the media busy, with many analyses trying to determine the reasons behind its depreciation.
EIILM-Kolkata launches 'MBA Cloud ERP with SAP' in Eastern India
EIILM-Kolkata, a leading Management Institute of Eastern India has taken a historic step towards uplifting the quality of management education in this part of the country.
The IMF World Economic Outlook, January 2025 - An analysis/review
On January 17, 2025, the International Monetary Fund On January 17, 2025, the International Monetary Fund (IMF) released its World Economic Outlook (WEO) update, titled \"Global Growth: Divergent and Uncertain.\"
