Hiya,
Many have pinned excessive hopes of tax reduction and consumption revival as FM Nirmala Sitharaman presents her eighth Union Price range immediately.
Startups and MSMEs expect tax reduction, simplified compliance, and entry to funding, whereas sustainability-focused sectors are calling for incentives to undertake inexperienced practices. There’s additionally a rising demand for elevated spending on infrastructure, healthcare, and schooling to drive long-term development.
On the economic system entrance, the Financial Survey 2024-25 famous the GDP for the subsequent monetary 12 months is predicted to develop between 6.3% – 6.8% on the again of robust fundamentals, calibrated fiscal consolidation, and steady non-public consumption
It additionally known as for tax breaks on EVs and subsidies on renewable power to inspire individuals to modify to low-carbon life.
The Survey additionally highlighted the necessity for enhanced deregulation for MSMEs, which contribute 30% to India’s GDP and 40% to our exports.
In the meantime, the inventory markets will stay open tomorrow for a particular buying and selling session. That is the third time in a decade that buying and selling was open on Saturday; the markets had been operational on Price range days in 2015 and 2020.
You may regulate YourStory’s full protection of all of the bulletins made in Price range 2025, and the way these measures have an effect on you, here.
In immediately’s publication, we are going to speak about
- The state of India’s economic system
- Ola Electrical’s Gen 3 scooters
- Understanding the FIITJEE fallout
Right here’s your trivia for immediately: Who holds the report for delivering essentially the most phrases in a Price range speech?
Union Price range
The state of India’s economy
The Financial Survey for 2024-25 known as for a delicate method to constructing establishments to take care of the potential impression of AI on jobs in India’s labour-intensive economic system. The first problem is job creation, as India must create a median of 78.5 lakh jobs yearly within the non-farm sector by 2030 to cater to the rising workforce, as highlighted within the 2023-24 Survey as properly.
The Survey identified, “Protracted labour displacement is one thing {that a} labour-surplus nation like India can’t afford.”
Nation-building:
- India must utilise the window of alternative to construct sturdy establishments. “This will then assist tilt the dimensions in the direction of the advantages, bringing a stability to the ‘cost-benefit’ side in a labour-driven, services-dependent economic system like India,” it stated.
- The Survey additionally stated the rising presence of global capability centres (GCCs) will reshape the company panorama in India and affect world enterprise dynamics. The variety of GCCs in India has grown from about 1,430 in FY19 to over 1,700 in FY24, using practically 1.9 million professionals.
- The female labour force participation charge has proven a major rise—from 23.3% in 2017-18 to 41.7% in 2023-24. It has been pushed largely by rural ladies getting into the workforce.
High Funding Offers of the Week
Startup: Leap
Quantity: $65M
Spherical: Collection E
Startup: Captain Contemporary
Quantity: Rs 250 Cr
Spherical: Pre-IPO
Startup: InsuranceDekho
Quantity: $14.1M
Spherical: Contemporary
Electrical Car
Ola Electric’s Gen 3 scooters
Ola Electrical unveiled its Gen 3 electrical scooters in Bengaluru. The S sequence scooters are priced beginning at Rs 79,999 for the S1X and go as much as Rs 1,69,999 for its new S1 Professional+.
In the meantime, Founder and CEO Bhavish Aggarwal emphasised the corporate’s give attention to the security of its clients, after Ola Electrical got here below scrutiny put up a sequence of fireplace incidents involving its scooters.
Key takeaways:
- The key modifications all through the generations embody a 53% enhance in peak energy from 8.5 kW motor in Gen 1 to 11 kW in Gen 2 to 13 kW motor in Gen 3. It additionally sees a ten% enhance in power effectivity from 70% in Gen 1 to 76% in Gen 2 to 80% now in Gen 3.
- Ola Electrical’s new line of scooters comes with the corporate’s Bharat 4680 cell and battery pack. These have higher temperature thresholds in comparison with the earlier battery packs that had been imported.
- The corporate additionally recaptured its lead within the electrical two-wheelers market in January, after the corporate doubled down on increasing its store footprint final month.
Explainer
Understanding the FIITJEE fallout
Within the week main as much as January 24, 2025, FIITJEE teaching centres started shutting down throughout North India. The closures began round January 17-23, affecting centres in Delhi-NCR, Uttar Pradesh, Madhya Pradesh, and Bihar, with just a few extra shutdowns occurring subsequently.
Trade consultants YourStory spoke to notice that this incident has highlighted weaknesses within the teaching trade, significantly for institutes that rely upon a decentralised mannequin.
All of the tea:
- Media studies point out that FIITJEE is going through monetary challenges, together with wage delays, which can have led to employees departures and operational disruptions. The administration asserts this case is a “prison conspiracy” orchestrated by people with vested pursuits.
- The sudden closures have disrupted college students’ preparation for aggressive exams. Many dad and mom who had paid important charges—starting from just a few thousand rupees to a number of lakhs—are actually looking for refunds or various options.
- Whereas FIITJEE maintains the closures are on account of mismanagement by sure CMPs, dad and mom argue the institute ought to have had safeguards in place to stop such disruptions.
Design: Nihar Apte
Information & updates
- Launch: Google took the low-key route for the launch of its next-gen flagship AI mannequin, Gemini 2.0 Professional Experimental—the successor to the Gemini 1.5 Professional mannequin. As an alternative of a splashy announcement, it revealed the mannequin in a changelog for its Gemini chatbot app, because the tech world stays fixated on Chinese language AI startup DeepSeek.
- Inject: The RBI’s $5 billion 6-month greenback/rupee buy-sell swap public sale was oversubscribed 5X on Friday, with the central financial institution receiving bids totalling $25.59 billion from 253 members. The swap will infuse rupee liquidity into the banking system.
- Tariffs: America’s two greatest buying and selling companions, Canada and Mexico, are bracing for Donald Trump to impose sweeping tariffs on their exports. Officers in Ottawa and Mexico Metropolis have drawn up plans to retaliate towards Washington with tariffs of their very own, elevating the prospect of a dangerous commerce warfare.
Who holds the report for delivering essentially the most phrases in a Price range speech?
Reply: Manmohan Singh. He delivered an 18,650-word speech in 1991 when he was the finance minister.
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