Category: Business

Business

Measures announced in Budget to promote jobs, spur economic growth: Finance Ministry

February 23, 2023 admin

Union Finance Minister Nirmala Sitharaman addresses a press conference on Union Budget 2023-24, in Jaipur on February 20, 2023. | Photo Credit: PTI The measures like increased capex, boosting the green economy and initiatives for strengthening financial markets announced in the Budget 2023-24 are expected to promote job creation and spur economic growth, the Finance…

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Karnataka Budget 2023-24: Projects worth ₹9,698 crores announced for comprehensive development of Bengaluru

February 17, 2023 admin

Ahead of the upcoming Assembly and Bengaluru civic body polls, Chief Minister Basavaraj Bommai-led BJP government in Karnataka has announced ₹9,698 crore-worth projects in the State Budget 2023-23 for comprehensive development of Bengaluru city. On Friday, in his Budget speech, Mr Bommai said that under the Amrutha Nagarothana Scheme, works worth ₹6,000 crore are being…

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Karnataka Budget 2023 updates | CM Bommai presents revenue surplus Budget, outlay crosses ₹3 lakh crore

February 17, 2023 admin

The budget has proposed a revenue surplus of ₹402 crore, breaking the trend of revenue deficit budgets for the past two years February 17, 2023 10:08 am | Updated 02:59 pm IST Karnataka Chief Minister Basavaraj Bommai presents the State Budget 2023 on February 17, 2023 | Photo Credit: CM’s Office Aided by a buoyant…

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G-20 members stressed on need to increase climate finance to help farmers take up adaption measures: Agriculture secretary

February 15, 2023 admin

A man rides a bicycle past the hoarding of India’s G20 presidency, on a street in Mumbai, on December 15, 2022. | Photo Credit: Reuters The G-20 members stressed on the need to increase climate finance to help farmers take up adaptation measures, agriculture secretary Manoj Ahuja said on Wednesday. Addressing media on the concluding…

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Cabinet approves plan to set up 2 lakh farm, dairy-fishery cooperatives

February 15, 2023 admin

A primary agricultural cooperative credit society at Somarasampettai near Tiruchi. File | Photo Credit: The Hindu In order to strengthen the cooperative sector, the Union Cabinet on Wednesday approved setting up of new primary agricultural credit societies (PACS) and dairy-fishery cooperatives in uncovered villages and panchayats. Its implementation will be done over a period of five…

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What are lab-grown diamonds? – The Hindu

February 8, 2023 admin

This year’s Budget shines special attention on laboratory-grown diamonds, or LGDs. Finance Minister Nirmala Sitharaman said the sector has high employment potential. A number of schemes to promote their research and development in India have been announced. What are laboratory-grown diamonds? LGDs are manufactured in laboratories, as opposed to naturally-occurring diamonds. But the chemical composition…

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Budget and green growth: significant focus on government investment

February 7, 2023 admin

Arindam Guha As part of its 2022 Nationally Determined Contribution (NDC) goals, India has committed to a number of ambitious objectives such as reducing GDP emissions intensity by 45% from 2005 levels by 2030, increasing its renewables capacity to 500 GW by 2030 and achieving net zero status by 2070. Some of the key initiatives…

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Capital flows, commodity prices could still pose concerns, says Economic Affairs Secretary

February 5, 2023 admin

Amid global rate hikes, foreign fund flows are seeing an ‘uneasy equilibrium’ in recent months, Economic Affairs Secretary Ajay Seth said in an interview. Excerpts: How do you place the Budget in the context of global headwinds and insulating India from their worst effects? Three global factors are important for our economy. One, a significant…

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India’s Budget to sustain demand for corporates: Fitch Ratings

February 5, 2023 admin

Finance Minister Nirmala Sitharaman holding the Budget Papers on February 01, 2023. | Photo Credit: The Hindu The higher spending, tax cuts and supportive policies announced in India’s Budget for 2023-24 are expected to support sustained demand growth and improve the longer-term prospects for corporates, said Fitch Ratings. “We believe the tax cuts will boost…

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Explained | Is the government on track on fiscal deficit targets?

February 4, 2023 admin

Union Finance Minister Nirmala Sitharaman with Minister of State for Finance Pankaj Chaudhary addresses a press conference in Mumbai on February 4, 2023. | Photo Credit: PTI The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit…

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