Author: admin

Budget 2023 | Marginal increase of 3.43% for health, research budget slashed by 6.87%

February 1, 2023 admin

Image for representation purpose only. | Photo Credit: PTI The Union Budget 2023-24 has announced an allocation of ₹89,155 crore for the Ministry of Health, which is 3.43% higher than its FY23 outlay of ₹86,200.65 crore. Of the ₹89,155 crore outlay, ₹86,175 crore has been earmarked for the Department of Health and Family Welfare and…

Business

Budget 2023 | Vehicle scrapping policy revved up to drive green economy

February 1, 2023 admin

Automakers opine that the policy will not only boost the sales but also help achieving clean and green environment. | Photo Credit: PTI The Union Budget for 2023-2024 has laid special emphasis on vehicle scrapping policy by allocating adequate funds to replace vehicles that are over 15 years. The move has been hailed by the…

Business

Budget 2023 | Income Tax exemptions on high-value life insurance proceeds to be limited

February 1, 2023 admin

According to the Budget documents, the proposal follows a measure initiated in the Finance Act, 2021 pertaining to the proceeds of ULIP policies, where the premium paid, for any year, exceeded ₹2.5 lakh. Union Finance Minister Nirmala Sitharaman addressing a post-Budget press conference, in New Delhi on Wednesday. | Photo Credit: ANI The Union Budget…

Business

Budget 2023 | Push to achieve net zero emissions: P.B. Balaji

February 1, 2023 admin

P.B. Balaji. Photo: Special Arrangement The Union Budget 2023 has managed to delicately balance economic growth with fiscal prudence. It is also a confident and forward-looking Budget that puts money in the hands of the consumers and aggressively invests in building the nation. Money in the hands of the consumers: The revised income tax slabs…

Business

Budget 2023, target 2047: Ashok Hinduja

February 1, 2023 admin

Ashok Hinduja. Photo: Special Arrangement The 45-trillion-rupee-spending budget 2023 announced by the Finance Minister on 1 February 2023 outlined the contours of the Indian economy, which has witnessed an increase in size from the 10th to the fifth largest in the world, in the last nine years. India has assumed the presidency of the G20….

Business

Budget 2023 | Funds for minority schemes slashed, allocation reduced 38% than last year

February 1, 2023 admin

Schemes under the Ministry of Minority Affairs that provides support for students clearing Prelims conducted by UPSC, SSC, and State public service commission got nothing in the ongoing financial year. Union Finance Minister Nirmala Sitharaman addressing a post-Budget press conference, in New Delhi on Wednesday. | Photo Credit: ANI The Budget allocation for the Ministry…

Business

Budget 2023 | Brilliant balancing act between growth, fiscal consolidation: Sanjiv Bajaj

February 1, 2023 admin

A brilliant balancing act is how I will describe the Union Budget proposals, moving forward on the path of fiscal consolidation while also delivering high growth and inclusion. The continued emphasis on capex-led growth strategy is a welcome move. Last year’s boost impacted the gross fixed capital formation (GFCF) positively, with the first advanced estimates…

Business

Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry

February 1, 2023 admin

Keki Mistry. Photo: Special Arrangement The Union Budget is one of the most anticipated annual events, where India has consistently embarked on numerous reforms bringing about structural changes. In my opinion, the Finance Minister this year rightly focussed on key factors that align with the larger vision of the government: boosting economic growth, employment generation,…

Business

Budget 2023 | Building Resilience and Boosting Growth: Chandrajit Banerjee

February 1, 2023 admin

Chandrajit Banerjee. Photo: Special Arrangement The first Budget of the Amrit Kaal [golden age] made a visionary and bold statement for bolstering the near-term and medium-term growth potential of the economy. The Finance Minister deserves compliments for delivering a sagacious Budget which had the right ingredients for strengthening the domestic demand drivers in the near…

Business

Medical devices industry distressed over Budget 2023 announcements

February 1, 2023 admin

The Indian medical devices industry has the potential to reach $50 billion by 2030, the Minister of Health and Family Welfare, Mansukh Mandaviya, had said in 2022. File | Photo Credit: PTI The Indian medical devices industry has expressed disappointment over what they believe is a tokenistic 2023-24 Budget announcement of plans for skilling human resources…

Business