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Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Union Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27% to settle at 59,708.08 after it trimmed most of the intra-day gains….
AAP MP Sanjay Singh said the Union Budget for 2023-24, presented by the Finance Minister in Parliament, does not have any provision for the country’s farmers, soldiers and youth. File | Photo Credit: ANI The Aam Aadmi Party on February 1 questioned Union Finance Minister Nirmala Sitharaman’s claim about doubling of per capita income since…
Read More “It’s ‘Amrit Kaal’ for PM Modi, not for common people: AAP hits out at Budget 2023-24” »
Image for representational purpose only. | Photo Credit: The Hindu The Union Budget 2023-24 has proposed to limit the income tax exemption on the proceeds of high value life insurance policies. Mooted as part of an emphasis on better targeting of tax concessions and exemptions, the proposal means that only income from life insurance policies…
Read More “Budget 2023 | Exemptions on high-value life insurance proceeds pruned” »
Tribal women walk to their villages in Chhattisgarh. Image for representation only | Photo Credit: AP Finance Minister Nirmala Sitharaman on Wednesday announced the Pradhan Mantri-PVTG Development Mission to focus on improving the overall socio-economic conditions of 75 Particularly Vulnerable Tribal Groups across the country, who live in around 31,000 villages of India’s 18 States…
Read More “Budget 2023 | ₹15,000 crore to be spent on development of tribals” »
The Eklavya model residential higher secondary school at Kumizi in Tamil Nadu’s Kancheepuram district. Photo: tntribalwelfare.tn.gov.in The Union Government will hire 38,800 teachers and support staff for Eklavya Model Residential Schools (EMRS) for tribal students across the country over the next three years, Finance Minister Nirmala Sitharaman said on February 1 during her Union Budget…
Read More “Budget 2023 | 38,800 teachers, support staff to be recruited for Eklavya schools” »
Prime Minister Narendra Modi addressed the media at Parliament House on the first day of the Union Budget session of Parliament | Photo Credit: Shiv Kumar Pushpakar Prime Minister Narendra Modi on February 1 termed the Union Budget as the “first budget of Amrit Kaal” (the 25-year period between the 75th year of independence and…
Read More “Budget will lay strong base to build a developed India: PM” »
IDBI Bank is on the government’s list for privatisation. Image for representation | Photo Credit: G. Ramakrishna The Budget for 2023-24 has not separately mentioned the amount that the government plans to raise from disinvestment or privatisation of state-owned companies. Earlier, proceeds from disinvestment were shown separately as part of the miscellaneous receipts in the…
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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24. | Photo Credit: ANI The Union Budget 2023 presented in the Parliament by Finance Minister Nirmala Sitaraman has come as a disappointment to the Telangana government which claimed that “there is nothing particular about Telangana”. Budget 2023 | What’s cheaper and what’s costlier? Finance Department…
Watch | Budget 2023 | What’s cheaper and what’s costlier? Customs duties on articles made from bars of gold and platinum have been increased. | Photo Credit: PTI With a view to promoting exports, boosting domestic manufacturing, and enhancing value addition, the Union Budget 2023-24 has proposed a number of changes to the Customs Duty regime which…
Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 | Photo Credit: PTI The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. This is higher than the total borrowing of ₹14.21 lakh crore for the current financial year…
Read More “Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap” »