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‘Mission mode’ for tourism in Union Budget, but no increase in allocation

February 1, 2023 admin

The Union Budget 2023 incentivised domestic tourism for the middle class, announcing sector-specific skilling and entrepreneurship development to achieve the objectives of the Dekho Apna Desh initiative. Image for representation purpose only. | Photo Credit: H.S. Manjunath Upto 50 new tourist destinations will be developed; an information-driven app will be created for tourists; and ‘’Unity…

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Budget 2023 | ₹7,000 crore for next phase of eCourt project will improve justice delivery system: Rijiju

February 1, 2023 admin

Union Law Minister Kiren Rijiju said Phase III of eCourts Project will build on the gains made by the earlier two phases that proved crucial in the delivery of justice during the COVID-19 pandemic when courts were under lockdown protocol. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday allocated ₹7,000 crore for…

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Chief Minister Gehlot criticises Budget for reducing MGNREGS allocation, says disappointing for Rajasthan

February 1, 2023 admin

Rajasthan Chief Minister and senior Congress leader Ashok Gehlot | Photo Credit: PTI Rajasthan Chief Minister Ashok Gehlot on February 1 criticised the Union Budget for neglecting the important areas of education, health and social justice and reducing the allocation by 33% for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), which had proved…

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Explained | Budget 2023: What are laboratory-grown diamonds as announced by Finance Minister Nirmala Sitharaman

February 1, 2023 admin

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023. | Photo Credit: ANI The story so far: The 2023 Union Budget shines special attention on laboratory-grown diamonds (LGD). In her Budget speech, Finance Minister Nirmala Sitharaman said that the sector has “high employment potential” and announced a number of schemes to promote their research…

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Budget 2023 | 19.6% hike in sum to Ministry of AYUSH; allocation to Ayurveda institute doubles

February 1, 2023 admin

Union Minister for AYUSH Sarbananda Sonowal. File | Photo Credit: PTI The Ministry of AYUSH (MoAYUSH) has received a nominal increase of 19.6% in the 2022-23 Union Budget, a sum of ₹3,647.5 crore versus the previous Budget estimate of ₹3,050. This is far higher than the Ministry’s previous hike of 2.6%. The MoAYUSH is responsible…

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Budget 2023 | ₹16,361 crore allocated for Ministry of Science and Technology

February 1, 2023 admin

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Rajya Sabha on the second day of Budget Session of Parliament in New Delhi on Wednesday. | Photo Credit: ANI The Ministry of Science & Technology has received an allocation of ₹16,361.42 crore in the Union Budget, a nominal increase of 15% from…

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Budget 2023 | Defence budget rises 13%; revised estimate for pension rises

February 1, 2023 admin

The Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday allocated ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. The non-salary revenue outlay has gone up by 44% from ₹62,431 crore the previous year to ₹90,000 crore in the Budget Estimates of 2023-24. The hike is particularly significant given the huge increase in operational…

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Budget 2023 | Lab Grown Diamond segment gets leg up with duty cut, R&D support

February 1, 2023 admin

A worker in one of the oldest and largest diamond polishing units of Surat checking its dazzle. File image for representation | Photo Credit: Vijay Soneji To harness the potential of Lab Grown Diamond (LGD) or synthetic diamond segment, the Union Budget 2023-24 presented by the Finance Minister Nirmala Sitharaman has laid emphasis on research…

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Budget 2023 | Marginal hike in funds for Home Ministry, allocation for Census slashed by half

February 1, 2023 admin

File photo of officials collecting data as part of Census in 2011. | Photo Credit: MURALI KUMAR K In an indication that the census exercise — meant to be completed in 2021, but delayed because of COVID-19 — may not be conducted in 2023-24, the Union Budget allocation for the Census Survey and Statistics head…

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Budget 2023 | Cooperative manufacturing units get sops

February 1, 2023 admin

Finance Minister Nirmala Sitharaman addressing the Post Budget press conference at the National Media Centre in New Delhi on Wednesday, January 1, 2023. | Photo Credit: R.V. Moorthy Finance Minister Nirmala Sitharaman announced new initiatives for the cooperative sector in her 2023-24 Union Budget speech. The Minister stated that new cooperatives that commence manufacturing activities…

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