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Jan 25 • 4 tweets • 3 min read
#MintLongStory | To the young, budgets can come across as a rapid-fire of numbers. But they aren’t difficult to understand either

Read: livemint.com/budget/news/ho…
#MintLongStory | The Union Budget, the government’s annual financial statement, will be presented on 1 February. Before 2016, the Budget was presented on the last working day of February.

Read: livemint.com/budget/news/ho…
#MintLongStory | This year, the government planned to spend ₹34.8 trillion, while total expected earnings were estimated at ₹19.8 trillion. This implies a fiscal deficit of ₹15 trillion.

Read: livemint.com/budget/news/ho…
#MintLongStory | To make up for the deficit, the government planned to borrow ₹9.7 trillion. Investments in small savings schemes—estimated at ₹4.8 trillion—are yet another source for expenditure.

Read: livemint.com/budget/news/ho…

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More from @livemint

Mint Profile picture
Jan 26
#MintPlainFacts | A week from now, FM Nirmala Sitharaman will present the 2nd consecutive Union Budget with an eye on free-flowing spending taps to prop up the fragile economy.

But imminent bond redemptions in the coming years present one big hurdle.

livemint.com/budget/expecta… Image
Healthy tax collections, which are likely to continue into 2022-23, could provide some wiggle room to keep up the capital expenditure.

#MintPlainFacts: livemint.com/budget/expecta… Image
Loosening the fiscal deficit target to allow spending is no longer an option. Rather, Sitharaman will be expected to tighten it to rein in debt. More worryingly, a third of the additional spending is on account of subsidies.

#MintPlainFacts: livemint.com/budget/expecta… Image
Read 6 tweets
Mint Profile picture
Jan 25
#MintPlainFacts | The Centre’s struggles with disinvestment are hurting PSUs themselves. They are seeing more of their surplus being taken by the government and are having to endure a stagnation in market value

Read: livemint.com/economy/how-de…
#MintPlainFacts | On 10 August 2017, the Bombay Stock Exchange introduced the S&P BSE Bharat 22 Index. This index measures the stock performance of 22 companies that had seen different degrees of disinvestment by the Centre.

Read: livemint.com/economy/how-de…
#MintPlainFacts | During this period, PSUs, as a collective, have been distributing more of their net profits as dividends.

Read: livemint.com/economy/how-de…
Read 6 tweets
Mint Profile picture
Jan 24
#MintLongStory | How the closure of two paper mills in Assam brought life to a standstill for employees, suppliers and townships

Read: livemint.com/opinion/online… Image
#MintLongStory | Two paper mills in Assam have been shut for years, hurting the entire ecosystem around them. Many employees have no money to pay for healthcare and some have succumbed to illness.

Read: livemint.com/opinion/online… Image
#MintLongStory | Production became unviable after a series of setbacks from 2007, including raw material and fuel shortages. The mills face liquidation under IBC but there is little interest from bidders.

Read: livemint.com/opinion/online… Image
Read 4 tweets
Mint Profile picture
Jan 24
#MintPlainFacts | The IMF will release its updated economic outlook amid Omicron spread. Q3 earnings for two major companies, Cipla and Maruti Suzuki, are also due this week.

Read: livemint.com/news/india/dat… Image
#MintPlainFacts | Like every year, the Padma awards of this year will be announced ahead of Republic Day. Since their inception in 1954, 321 Padma Vibhushan, 1,278 Padma Bhushan, and 3,223 Padma Shri titles have been awarded

Read: livemint.com/news/india/dat… Image
#MintPlainFacts | The International Monetary Fund (IMF) will release its updated forecasts on economic growth on Tuesday. This will be a revision of the October figures.

Read: livemint.com/news/india/dat… Image
Read 5 tweets
Mint Profile picture
Jan 24
#BudgetWithMint | Will the upcoming Union Budget 2022 bring any tweaks to the existing income tax rates? Taxpayers are expecting some rebate or relief from Finance Minister #NirmalaSitharaman

Find out: livemint.com/budget/expecta… Image
#BudgetWithMint | As Finance Minister Nirmala Sitharaman is scheduled to present Union Budget 2022 on 1 February, the healthcare sector has urged the government to increase spending on genetic research.

Read: livemint.com/budget/expecta… Image
#BudgetWithMint | While the real estate sector is looking at a robust housing demand revival in 2022, it also expects the Union Budget 2022 to play a supportive and enabling role.

Here's what the sector is expecting: livemint.com/budget/expecta… Image
Read 5 tweets
Mint Profile picture
Oct 28, 2021
#PersonalFinance | Without a proper plan in place, taking on debt at an early age can have a long-term impact on wealth creation

Without a proper plan in place, taking on debt at an early age can have a long-term impact on wealth creation
#PersonalFinance | Interest saving is higher in the earlier stages of the loan, so make pre-prepayments in first half of loan tenure

livemint.com/money/personal…
#PersonalFinance | By setting loan repayment a goal, you can work backwards to find out how you should set up the corpus to payback

Read: livemint.com/money/personal…
Read 4 tweets

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