Category: Business

Business

Union Budget fails to enthuse delta region farmers in Tamil Nadu

February 1, 2023 admin

The Union Budget has evoked mixed reactions from the farming community in the delta region. A cross-section of the farmers representatives expressed disappointment over the “lack of initiatives” to ensure remunerative prices for agriculture produce. Terming the Budget unsatisfactory, P. Ayyakannu, president, Desiya Thennidia Nadigal Inaippu Vivasayigal Sangam, observed that there was nothing in the…

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Centre cheated Bihar in Budget, says Tejashwi Yadav

February 1, 2023 admin

Bihar Deputy CM Tejashwi Yadav sought to compare Union Budget 2023 with previous Budgets. | Photo Credit: PTI Bihar Deputy Chief Minister Tejashwi Yadav on Wednesday said the Centre has cheated Bihar in the Union Budget 2023-24 and fooled the people of the State. “Bihar is a backward State. The Prime Minister and the Centre…

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Small scale traders rue lack of welfare measures

February 1, 2023 admin

The Union Budget evoked mixed reactions among traders and the representatives of the health industry here. The Budget completely ignored the small-scale traders, said a release quoting S.S. Manoj, State president of the Confederation of All India Traders. There was no welfare measure for the eight crore-odd small and medium scale traders in the country….

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No vision to improve education sector, says AAP

February 1, 2023 admin

The Union Budget seems to be full of good intentions but what happened to the good intentions of last year, how much of it was realised? Education budget is down to 2.5% from 2.64% while the health budget is down to 1.98% from 2.2%. Quality and accessibility of free basic education is still a big…

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Budget 2023 | Major thrust planned for green energy

February 1, 2023 admin

Clean green hydrogen energy generation. | Photo Credit: Getty Images/iStockphoto Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Green energy was among the ‘Saptarishi’…

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Budget 2023 | Department of Space gets ₹12,500 crore, 8% less than previous year

February 1, 2023 admin

The biggest cut is for space technology, under ‘Central Sector Schemes’, of ₹1,093.84 crore. The Department of Space expenditure has been slashed by 8% in the 2023-24 Union Budget, down to ₹12,543.91 crore, from ₹13,700 crore in the previous Budget estimate. However this is 19% higher than the revised estimate from the last fiscal. The…

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Budget 2023 | MGNREGS fund cut by 33% to 60,000 crore

February 1, 2023 admin

The Congress general secretary for communications and former Rural Development Minister Jairam Ramesh also expressed dismay at the sharp cut. Image for representation purpose only. | Photo Credit: K.K. Mustafah In line with the recent trend of slashing the budget of its flagship rural jobs scheme, the Union Budget allocated only ₹60,000 crore for the…

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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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