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Author: admin

Going green: The Hindu Editorial on Budget 2023’s and India’s net-zero commitment

Posted on February 3, 2023 By admin
Going green: The Hindu Editorial on Budget 2023’s and India’s net-zero commitment

Finance Minister Nirmala Sitharaman’s latest Budget is noteworthy for the emphasis she has laid on the government’s commitment to move towards net-zero carbon emission by 2070. As an article presented at the World Economic Forum’s Annual Meeting in Davos last month notes, India holds the key to hitting global climate change targets given its sizeable…

Read More “Going green: The Hindu Editorial on Budget 2023’s and India’s net-zero commitment” »

Business

Union Budget proposes changes to Income Tax search and seizure provisions

Posted on February 3, 2023 By admin
Union Budget proposes changes to Income Tax search and seizure provisions

A salesman watches TV screens during the live telecast of Union Budget 2023 by Finance Minister Nirmala Sitharaman in Ahmedabad on Wednesday. | Photo Credit: VIJAY SONEJI The Union Budget 2023-24 has proposed certain changes to the Income Tax search and seizure provisions in view of the increased use of technology and digitisation in the…

Read More “Union Budget proposes changes to Income Tax search and seizure provisions” »

Business

Budget announces ‘voluntary settlement scheme’ to end commercial disputes involving government and its undertakings

Posted on February 3, 2023 By admin
Budget announces ‘voluntary settlement scheme’ to end commercial disputes involving government and its undertakings

A salesman watches TV screens during the live telecast of Union Budget 2023 by Finance Minister Nirmala Sitharaman in Ahmedabad on Wednesday. | Photo Credit: VIJAY SONEJI The Union Budget highlighted the seriousness of pendency in courts and the need for quick dispute resolution by announcing a “voluntary settlement scheme with standardised terms” to amicably…

Read More “Budget announces ‘voluntary settlement scheme’ to end commercial disputes involving government and its undertakings” »

Business

Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1

Posted on February 3, 2023 By admin
Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1

The revamped credit guarantee scheme for Micro, Small and Medium Enterprises (MSMEs) will take effect from April 1, through infusion of ₹9,000 crore in the corpus, said Union Finance Minister Nirmala Sitharaman while presenting the Union Budget 2023. “This will enable additional collateral-free guaranteed credit of ₹2 lakh crore. Further, the cost of the credit…

Read More “Budget 2023 | Revamped credit guarantee scheme for MSMEs to be implemented from April 1” »

Business

BJP MPs seek clarity on tax regime, cut in MGNREGS allocation

Posted on February 3, 2023 By admin
BJP MPs seek clarity on tax regime, cut in MGNREGS allocation

Union Finance Minister Nirmala Sitharaman leaves after briefing the Bharatiya Janata Party (BJP) MPs on the Union Budget 2023-24, at Parliament House, in New Delhi on Friday. | Photo Credit: ANI BJP MPs on Friday interacted with Union Finance Minister Nirmala Sitharaman on the merits and demerits of the new and old income tax regimes…

Read More “BJP MPs seek clarity on tax regime, cut in MGNREGS allocation” »

Business

Nirmala Sitharaman to brief BJP MPs on budget high points

Posted on February 2, 2023 By admin
Nirmala Sitharaman to brief BJP MPs on budget high points

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 on the second day of Budget Session of Parliament, in New Delhi on Wednesday. Prime Minister Narendra Modi, Defence Minister Rajnath Singh and Union Home Minister Amit Shah and other MPs are seen. | Photo Credit: ANI Finance Minister Nirmala Sitharman will brief BJP MPs…

Read More “Nirmala Sitharaman to brief BJP MPs on budget high points” »

Business

Putting Budget 2023 into perspective

Posted on February 2, 2023 By admin
Putting Budget 2023 into perspective

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…

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Business

Expect States to tap ₹1.3 lakh crore capex loan window quicker: Nirmala Sitharaman

Posted on February 2, 2023 By admin
Expect States to tap ₹1.3 lakh crore capex loan window quicker: Nirmala Sitharaman

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” »

Business

Budget 2023 | SKM, activists criticise allocations to agriculture, food security

Posted on February 2, 2023 By admin
Budget 2023 | SKM, activists criticise allocations to agriculture, food security

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” »

Business

Key takeaways from Union Budget 2023-24 in charts

Posted on February 2, 2023 By admin
Key takeaways from Union Budget 2023-24 in charts

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…

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Business

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