Tag: Finance Minister Nirmala Sitharaman

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

February 1, 2023 admin

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 | Defence budget rises 13%; revised estimate for pension rises

February 1, 2023 admin

The Union Budget presented in Parliament by Finance Minister Nirmala Sitharaman on Wednesday allocated ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last year’s budget estimates. The non-salary revenue outlay has gone up by 44% from ₹62,431 crore the previous year to ₹90,000 crore in the Budget Estimates of 2023-24. The hike is particularly significant given the huge increase in operational…

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Budget 2023 | 38,800 teachers, support staff to be recruited for Eklavya schools

February 1, 2023 admin

The Eklavya model residential higher secondary school at Kumizi in Tamil Nadu’s Kancheepuram district. Photo: tntribalwelfare.tn.gov.in The Union Government will hire 38,800 teachers and support staff for Eklavya Model Residential Schools (EMRS) for tribal students across the country over the next three years, Finance Minister Nirmala Sitharaman said on February 1 during her Union Budget…

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Budget 2023 | No separate mention of disinvestment proceeds

February 1, 2023 admin

IDBI Bank is on the government’s list for privatisation. Image for representation | Photo Credit: G. Ramakrishna The Budget for 2023-24 has not separately mentioned the amount that the government plans to raise from disinvestment or privatisation of state-owned companies. Earlier, proceeds from disinvestment were shown separately as part of the miscellaneous receipts in the…

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