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As per the latest economic survey, the Indian economy is set to attain a real GDP growth of 7% in 2022-23, with both the retail and wholesale inflation rates falling below 6% in the months ahead. The Union Budget presented in this backdrop assumes a nominal GDP growth of 10.5% in 2023-24, which implies a…
February 02, 2023 10:54 pm | Updated February 03, 2023 11:12 am IST – NEW DELHI Union Finance Minister Nirmala Sitharaman during the post-budget FICCI national executive committee meeting in New Delhi on February 2, 2023. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Thursday exuded confidence that States will sign up as early…
Read More “Expect States to tap ₹1.3 lakh crore capex loan window quicker: Nirmala Sitharaman” »
Midday Meal workers burn copies of Union Budget 2023-24 during their protest, in Kolkata, Thursday, Feb. 2, 2023. | Photo Credit: PTI The Samyukt Kisan Morcha (SKM), the umbrella organisation of more than 300 farmers’ outfits and the Right to Food Campaign, a platform for activists working on food and nutritional security, termed the Budget…
Read More “Budget 2023 | SKM, activists criticise allocations to agriculture, food security” »
Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi, Wednesday, Feb. 1, 2023. | Photo Credit: PTI The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the…
Read More “Key takeaways from Union Budget 2023-24 in charts” »
The attention and allocation to building a green infrastructure and a decarbonised energy regime is the core of the Union Budget which puts india on the path of being future proof, said Prashant Ruia, Director, Essar Capital. “The ₹35,000 crore allocation for energy transition along with an ambitious target of 5 MMT of hydrogen will unleash…
Read More “Budget 2023 | Industry hails Budget’s green energy, infrastructure push” »
File picture of Union Finance Minister Nirmala Sitharaman with Nitin Gupta, Chairman, Central Board of Direct Taxes | Photo Credit: Vedhan M The new income tax regime for filing returns has been “sweetened” in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a “reduced” tax rate,…
Read More “New tax regime ‘sweetened’ to benefit maximum number of taxpayers: CBDT Chairman” »
Daily Quiz | On Union Budget Finance Minister Nirmala Sitharaman holding the Budget papers, ahead of the presentation of the Union Budget 2023-24. START THE QUIZ 1 / 6 | Morarji Desai has presented the highest number of budgets. How many? After Desai’s resignation, the then Prime Minister of India took over the Ministry of…
Finance Minister Nirmala Sitharaman holding the Budget Papers at the North Block in New Delhi on February 01, 2023. | Photo Credit: R.V. Moorthy Finance Minister Nirmala Sitharaman on February 1 raised the personal income tax rebate limit, doled out sops on small savings, and announced one of the biggest hikes in capital spending in…
An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs in rural areas, said Finance Minister Nirmala Sitharaman, during the presentation of the Union budget 2023-24. The fund will aim at bringing innovative and affordable solutions for challenges faced by farmers. It will also bring in modern technologies to transform agricultural…
Read More “Accelerator fund will drive agriculture towards innovation, optimisation of resources” »
It was encouraging that the Finance Minister today opened the Union Budget speech by talking about India’s economic growth, which is expected to be at 7%, the highest among the major economies. It was reassuring as across the world, there are several nations standing at the brink of a slowdown. India’s success in managing the…
Read More “Budget 2023 | Towards a healthier India: Preetha Reddy” »