Tag: Budget 2023

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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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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What are scientists saying about the science budget? The Hindu asked five.

February 4, 2023 admin

Budgets offer a mixed bag of goodies – so it is with science that has seen both promising and indifferent budgets over the years. As they look at the half-full (or half-empty) tumbler, some see encouraging initiatives, while others crunch the numbers and reveal a disheartening percentage of the GDP allocated for science. Some top…

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Nirmala Sitharaman to brief BJP MPs on budget high points

February 2, 2023 admin

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 on the second day of Budget Session of Parliament, in New Delhi on Wednesday. Prime Minister Narendra Modi, Defence Minister Rajnath Singh and Union Home Minister Amit Shah and other MPs are seen. | Photo Credit: ANI Finance Minister Nirmala Sitharman will brief BJP MPs…

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Putting Budget 2023 into perspective

February 2, 2023 admin

As per the latest economic survey, the Indian economy is set to attain a real GDP growth of 7% in 2022-23, with both the retail and wholesale inflation rates falling below 6% in the months ahead. The Union Budget presented in this backdrop assumes a nominal GDP growth of 10.5% in 2023-24, which implies a…

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Expect States to tap ₹1.3 lakh crore capex loan window quicker: Nirmala Sitharaman

February 2, 2023 admin

February 02, 2023 10:54 pm | Updated February 03, 2023 11:12 am IST – NEW DELHI Union Finance Minister Nirmala Sitharaman during the post-budget FICCI national executive committee meeting in New Delhi on February 2, 2023. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Thursday exuded confidence that States will sign up as early…

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Budget 2023 | SKM, activists criticise allocations to agriculture, food security

February 2, 2023 admin

Midday Meal workers burn copies of Union Budget 2023-24 during their protest, in Kolkata, Thursday, Feb. 2, 2023. | Photo Credit: PTI The Samyukt Kisan Morcha (SKM), the umbrella organisation of more than 300 farmers’ outfits and the Right to Food Campaign, a platform for activists working on food and nutritional security, termed the Budget…

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Key takeaways from Union Budget 2023-24 in charts

February 2, 2023 admin

Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi, Wednesday, Feb. 1, 2023. | Photo Credit: PTI The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the…

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Budget 2023 | Industry hails Budget’s green energy, infrastructure push

February 2, 2023 admin

The attention and allocation to building a green infrastructure and a decarbonised energy regime is the core of the Union Budget which puts india on the path of being future proof, said Prashant Ruia, Director, Essar Capital. “The ₹35,000 crore allocation for energy transition along with an ambitious target of 5 MMT of hydrogen will unleash…

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

February 2, 2023 admin

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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