Tag: budget news

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 | Towards a healthier India: Preetha Reddy

February 1, 2023 admin

It was encouraging that the Finance Minister today opened the Union Budget speech by talking about India’s economic growth, which is expected to be at 7%, the highest among the major economies. It was reassuring as across the world, there are several nations standing at the brink of a slowdown. India’s success in managing the…

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A raft of concessions amid consolidation: The Hindu Editorial on Union Budget 2023-24

February 1, 2023 admin

If budget making is a complex task, interpreting the Union Budget can be hazardous given the amount of fine print that one has to pore over. Finance Minister Nirmala Sitharaman’s fifth Budget, and the current Bharatiya Janata Party-led government’s final full-fledged one before next year’s general election, ticks all the right boxes on the face…

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Pollticks: Jobs get highest mention in last Budget before elections

February 1, 2023 admin

Illustration: Satheesh Vellinezhi With the global economy adrift, Finance Minister Nirmala Sitharaman sought to carve out an ark for India in her fifth Union Budget by trying to nudge domestic consumption and reluctant private investments upwards, while also seeking to create a feel-good factor among specific segments of voters as the government gears up for…

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Budget 2023 | Senior citizen scheme limit doubled to ₹30 lakh

February 1, 2023 admin

Finance Minister Nirmala Sitharaman proposed to double the deposit limit for Senior Citizen Savings Scheme to ₹30 lakh | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to ₹30 lakh and Monthly Income Account Scheme to ₹9 lakh. In her Budget Speech, the…

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Budget 2023 | Railways gets outlay of ₹2.4 lakh crore

February 1, 2023 admin

A view of the production of Vande Bharat Coaches at Integral Coach Factory in Chennai. File | Photo Credit: R. Ragu With an outlay of ₹2.40 lakh crore for the financial year 2023-24 compared to ₹1.40 lakh crore in the FY22-23, Finance Minister Nirmala Sitharaman said that the outlay for the railways is nine times the…

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Budget 2023 | Government to set up 100 5G labs to develop new apps

February 1, 2023 admin

India has made remarkable advancements in the digital realm. File image | Photo Credit: AP The Government proposes to set up 100 labs for developing applications using 5G services in various engineering institutions across the country. Three Centres of Excellence for AI will also be set up. These measures will realise a new range of…

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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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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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