Tag: budget

Budget 2024: Textile Industry: Textile industry expresses disappointment

February 1, 2024 admin

The textile and apparel industry, while welcoming extension of the Rebate of State and Central Taxes and Levies (RoSCTL) scheme for two years, has expressed disappointment over unchanged Import Duties. Cotton Textiles Export Promotion Council chairman Sunil Patwari said continuation of the RoSCTL was essential for the long-term trade planning. Orders could be placed in…

Business

Karnataka Budget 2023 updates | CM Bommai presents revenue surplus Budget, outlay crosses ₹3 lakh crore

February 17, 2023 admin

The budget has proposed a revenue surplus of ₹402 crore, breaking the trend of revenue deficit budgets for the past two years February 17, 2023 10:08 am | Updated 02:59 pm IST Karnataka Chief Minister Basavaraj Bommai presents the State Budget 2023 on February 17, 2023 | Photo Credit: CM’s Office Aided by a buoyant…

Business

Capital flows, commodity prices could still pose concerns, says Economic Affairs Secretary

February 5, 2023 admin

Amid global rate hikes, foreign fund flows are seeing an ‘uneasy equilibrium’ in recent months, Economic Affairs Secretary Ajay Seth said in an interview. Excerpts: How do you place the Budget in the context of global headwinds and insulating India from their worst effects? Three global factors are important for our economy. One, a significant…

Business

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…

Business

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…

Business

A Budget without a vision for agriculture

February 1, 2023 admin

A farmer spreads fertilizer in a field, at a village in Madurai. | Photo Credit: PTI Globally, there is a twin crisis in agriculture: in food and in fertilizers. On the one hand, there are fears of a fall in the global production and availability of food. The rise in food inflation has been an…

Business

Budget 2023 | Real money gaming industry welcomes TDS clarification

February 1, 2023 admin

Image for representation purpose only. | Photo Credit: Getty Images/iStockphoto The real money gaming industry — which runs games where users can stake money for winnings on apps — welcomed the Union Budget’s clarification on Tax Deducted at Source (TDS) for money won on their platforms. These platforms, referred to as “online gaming” by the…

Business

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…

Business

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…

Business

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…

Business