Budget

The cadre of “corporate mitras” will help Micro, Small and Medium Enterprises (MSMEs) to meet their compliance requirements at affordable costs

The move comes amid a massive thrust by the government on increasing electronics manufacturing in the country

Finance Minister Nirmala Sitharaman underlined this would help achieve scale and improve efficiencies

The government has chosen the path of reforms over rhetoric, FM Sitharaman said in the Lok Sabha

The Budget is expected to unveil measures to sustain growth momentum, maintain fiscal discipline, and contain reforms that could buffer the economy from global trade frictions, including U.S. tariffs

The government, he said, has been “very conscious” of the importance of the MSMEs

The Economic Survey argued that, while the Centre has managed to substantially improve its fiscal deficit ratios since the COVID-19 pandemic, the States have seen their finances worsen over this period due to falling revenue and higher spending on unconditional cash transfers

The CEA observed that as demand for such minerals spur, advanced economies promoting “standards-based critical markets” could carve challenges relating to affordability and entrapment in lower-value segments of the supply chain, among other things

Average annual growth rate over last five years was 4.4% but the second quarter of current financial year saw 3.5% growth, which is less than the average

The Survey noted that aggregate spending on UCT programmes, particularly for women, is estimated at about ₹1.7 lakh crore for the current financial year 2025-26