Tag: expectations from the union budget 2023

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

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

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 | Cooperative manufacturing units get sops 

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Budget 2023 | Cooperative manufacturing units get sops 

Finance Minister Nirmala Sitharaman addressing the Post Budget press conference at the National Media Centre in New Delhi on Wednesday, January 1, 2023. | Photo Credit: R.V. Moorthy Finance Minister Nirmala Sitharaman announced new initiatives for the cooperative sector in her 2023-24 Union Budget speech. The Minister stated that new cooperatives that commence manufacturing activities…

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Budget 2023 | FM moots national digital library to promote reading

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Budget 2023 | FM moots national digital library to promote reading

“A National Digital Library for children and adolescents will be set up for facilitating the availability of quality books across geographies, languages, genres and levels, and device agnostic accessibility,” Finance Minister Nirmala Sitharaman said in the Budget speech. Photo: Special Arrangement Union Finance Minister Nirmala Sitharaman proposed a national digital library for children and adolescents…

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Budget 2023 | ₹15,000 crore to be spent on development of tribals

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Budget 2023 | ₹15,000 crore to be spent on development of tribals

Tribal women walk to their villages in Chhattisgarh. Image for representation only | Photo Credit: AP Finance Minister Nirmala Sitharaman on Wednesday announced the Pradhan Mantri-PVTG Development Mission to focus on improving the overall socio-economic conditions of 75 Particularly Vulnerable Tribal Groups across the country, who live in around 31,000 villages of India’s 18 States…

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Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

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Budget 2023 | Govt to borrow record ₹15.4 lakh crore in FY24 to bridge revenue gap

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 | Photo Credit: PTI The government plans to borrow a record ₹15.4 lakh crore from dated securities in FY24 to meet its expenditure requirement to prop up the economy. This is higher than the total borrowing of ₹14.21 lakh crore for the current financial year…

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