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New tax regime ‘sweetened’ to benefit maximum number of taxpayers: CBDT Chairman

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File picture of Union Finance Minister Nirmala Sitharaman with Nitin Gupta, Chairman, Central Board of Direct Taxes | Photo Credit: Vedhan M The new income tax regime for filing returns has been “sweetened” in the Budget 2023-24 and it will be beneficial for maximum number of taxpayers as they can enjoy a “reduced” tax rate,…

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Accelerator fund will drive agriculture towards innovation, optimisation of resources

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An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs in rural areas, said Finance Minister Nirmala Sitharaman, during the presentation of the Union budget 2023-24. The fund will aim at bringing innovative and affordable solutions for challenges faced by farmers. It will also bring in modern technologies to transform agricultural…

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Budget 2023 | Towards a healthier India: Preetha Reddy

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It was encouraging that the Finance Minister today opened the Union Budget speech by talking about India’s economic growth, which is expected to be at 7%, the highest among the major economies. It was reassuring as across the world, there are several nations standing at the brink of a slowdown. India’s success in managing the…

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T.N. industrialists say Union Budget is aimed at growth

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V. Nagappan, president of the Hindustan Chamber of Commerce, said the proposal to extend the revamped credit guarantee scheme for the micro, small and medium enterprises and relief to the pandemic-affected units in the Union Budget 2023-24 is in the right direction. “Reduction of 1% interest for the MSMEs will further boost their growth and…

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A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24

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If budget making is a complex task, interpreting the Union Budget can be hazardous given the amount of fine print that one has to pore over. Finance Minister Nirmala Sitharaman’s fifth Budget, and the current Bharatiya Janata Party-led government’s final full-fledged one before next year’s general election, ticks all the right boxes on the face…

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The growth deceleration problem cannot be skipped

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Finance Minister Nirmala Sitharaman at a press conference in Delhi, after the Budget | Photo Credit: ANI The much-anticipated Budget for 2023-24 has been presented. The Budget speech began with a self-congratulatory note: that India has successfully overcome the troubles that came with the COVID-19 pandemic, to a large extent, by ensuring the free food…

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A balance between capital outlays and fiscal prudence

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Construction of the Coastal Road Project in Mumbai. | Photo Credit: PTI The Budget comes at a time when the government faces a delicate balancing act between expenditure priorities and the need for fiscal prudence as it is the last full Budget before the general elections. From a macroeconomic standpoint, two areas were of concern:…

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