Tag: Budget 2023

‘Mission mode’ for tourism in Union Budget, but no increase in allocation

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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

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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

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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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Explained | Budget 2023: What are laboratory-grown diamonds as announced by Finance Minister Nirmala Sitharaman

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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023. | Photo Credit: ANI The story so far: The 2023 Union Budget shines special attention on laboratory-grown diamonds (LGD). In her Budget speech, Finance Minister Nirmala Sitharaman said that the sector has “high employment potential” and announced a number of schemes to promote their research…

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Budget 2023 | 19.6% hike in sum to Ministry of AYUSH; allocation to Ayurveda institute doubles

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Union Minister for AYUSH Sarbananda Sonowal. File | Photo Credit: PTI The Ministry of AYUSH (MoAYUSH) has received a nominal increase of 19.6% in the 2022-23 Union Budget, a sum of ₹3,647.5 crore versus the previous Budget estimate of ₹3,050. This is far higher than the Ministry’s previous hike of 2.6%. The MoAYUSH is responsible…

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Budget 2023 | ₹16,361 crore allocated for Ministry of Science and Technology

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Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Rajya Sabha on the second day of Budget Session of Parliament in New Delhi on Wednesday. | Photo Credit: ANI The Ministry of Science & Technology has received an allocation of ₹16,361.42 crore in the Union Budget, a nominal increase of 15% from…

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Budget 2023 | Lab Grown Diamond segment gets leg up with duty cut, R&D support

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A worker in one of the oldest and largest diamond polishing units of Surat checking its dazzle. File image for representation | Photo Credit: Vijay Soneji To harness the potential of Lab Grown Diamond (LGD) or synthetic diamond segment, the Union Budget 2023-24 presented by the Finance Minister Nirmala Sitharaman has laid emphasis on research…

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Budget 2023 | Marginal hike in funds for Home Ministry, allocation for Census slashed by half

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File photo of officials collecting data as part of Census in 2011. | Photo Credit: MURALI KUMAR K In an indication that the census exercise — meant to be completed in 2021, but delayed because of COVID-19 — may not be conducted in 2023-24, the Union Budget allocation for the Census Survey and Statistics head…

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Markets end on mixed note on Budget day; Sensex climbs 158 points, Nifty dips 46 points

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Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Union Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27% to settle at 59,708.08 after it trimmed most of the intra-day gains….

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It’s ‘Amrit Kaal’ for PM Modi, not for common people: AAP hits out at Budget 2023-24

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AAP MP Sanjay Singh said the Union Budget for 2023-24, presented by the Finance Minister in Parliament, does not have any provision for the country’s farmers, soldiers and youth. File | Photo Credit: ANI The Aam Aadmi Party on February 1 questioned Union Finance Minister Nirmala Sitharaman’s claim about doubling of per capita income since…

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