Tag: Budget 2023

Budget 2023 | Much-needed boost to agriculture, allied sectors: Kumar Mangalam Birla

February 1, 2023 admin

Kumar Mangalam Birla. Photo: Special Arrangement Union Budget 2023-24 is a bold step towards envisioning a prosperous and inclusive India. One of the key pillars of the Indian economy remains agriculture. And the Budget has provided a much-needed boost to agriculture and allied sectors. The proposed unique and innovative approaches will increase farmer incomes and…

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Budget 2023 | Silver to get costlier as govt. raises basic customs duty to 10%

February 1, 2023 admin

Image for representation purpose only. | Photo Credit: Getty Images/iStockphoto Silver and silver jewellery will become expensive as the government on Wednesday announced increasing the basic customs duty on silver, both in dore and semi-manufactured form, to 10% in order to curb imports. Currently, the basic customs duty on silver dore is 6.1%, while on…

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Yogi Adityanath hails Budget, says it will fulfil aspirations of all sections of society

February 1, 2023 admin

Uttar Pradesh Chief Minister Yogi Adityanath. File | Photo Credit: PTI The Union Budget on Wednesday evoked mixed reactions in Uttar Pradesh. Chief Minister Yogi Adityanath hailed the Budget and described it as a Budget for ‘New India’ which aims to serve 130 crore people of the country. The Opposition parties criticised the Budget and…

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Budget 2023 | Customs Duty tweaks likely to make mobile phones, TVs cheaper; toys, bicycles, automobiles dearer

February 1, 2023 admin

Mobile phones will become cheaper as Finance Minister Nirmala Sitharaman announced a reduction in the import duty. | Photo Credit: PTI With an eye on promoting exports, boosting domestic manufacturing and enhancing value addition, Union Budget 2023-24 has proposed number of changes to Customs Duty regime that is likely to make mobile phones and televisions…

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Budget 2023 | Changes in allocation for key schemes including MGNREGS, PM-Kisan, Ayushman Bharat

February 1, 2023 admin

Finance Minister Nirmala Sitharaman on Wednesday, February 1, presented the last full budget of the Narendra Modi government before the 2024 general elections. The Minister announced a range of new initiatives, revised income tax slabs and customs duty, and sops for agriculture and energy transition. The Union Budget 2023-24 document also listed the new allocations…

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Budget 2023 | By waiving off tax on FRP, Modi govt. has given massive boost for Maharashtra’s sugarcane industry, says Fadnavis

February 1, 2023 admin

Maharashtra Deputy Chief Minister Devendra Fadnavis watches the live telecast of Union Budget 2023-24 presented by Finance Minister Nirmala Sitharaman on February 01, 2023. Photo: Twitter/@Dev_Fadnavis Stating that the Budget presented by Union Finance Minister Nirmala Sitharaman would give a massive boost for Maharashtra’s sugarcane industry, Deputy Chief Minister and State Finance Minister Devendra Fadnavis…

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Budget 2023 | Panel to examine Scheduled Caste status for Dalit converts allocated ₹3.05 crore

February 1, 2023 admin

Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi on Wednesday, February 1, 2023. | Photo Credit: PTI After having to make do with funds from the Social Justice Ministry’s contingency Budget for the first four months of its functioning, the Commission of Inquiry to examine whether SC status can…

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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 | 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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