Tag: budget news today

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

February 1, 2023 admin

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

February 1, 2023 admin

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

February 1, 2023 admin

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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