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India has made remarkable advancements in the digital realm. File image | Photo Credit: AP The Government proposes to set up 100 labs for developing applications using 5G services in various engineering institutions across the country. Three Centres of Excellence for AI will also be set up. These measures will realise a new range of…
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Women of the Bonda tribe, a forest-dwelling community, in their village in Odisha’s Malkangiri district bordering Andhra Pradesh. Classified as one of India’s Particularly Vulnerable Tribal Groups, the Bonda tribal people traditionally used only beads and a strip of cloth to cover their bodies. | Photo Credit: K.R. Deepak As Union Finance Minister Nirmala Sitharaman…
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…
Read More “Budget 2023 | Marginal increase of 3.43% for health, research budget slashed by 6.87%” »
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…
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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…
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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,…
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