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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…
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…
Read More “Budget 2023 | Push to achieve net zero emissions: P.B. Balaji” »
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….
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…
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…
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,…
Read More “Budget 2023 | On the right course: A growth-oriented Budget: Keki Mistry” »
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…
Read More “Budget 2023 | Building Resilience and Boosting Growth: Chandrajit Banerjee” »
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…
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Union Finance Minister Nirmala Sitharaman addressing a post budget press conference in New Delhi on February 01, 2023. | Photo Credit: ANI The allocations to the Labour Ministry and its social security schemes saw a decrease in the Budget and the trade unions alleged that Finance Minister Nirmala Sitharaman has not addressed the issue of…
Read More “Budget 2023 | Social security cuts irk trade unions” »
Kumar Mangalam Birla. Photo: Special Arrangement Union Budget 2023-24 is a bold step towards envisioning a prosperous and inclusive India. One of the key pillars of the Indian economy remains agriculture. And the Budget has provided a much-needed boost to agriculture and allied sectors. The proposed unique and innovative approaches will increase farmer incomes and…
Read More “Budget 2023 | Much-needed boost to agriculture, allied sectors: Kumar Mangalam Birla” »