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Tag: India budget 2023

Decoding Budget 2023 – The Hindu

Posted on February 2, 2023 By admin
Decoding Budget 2023 – The Hindu

Finance Minister Nirmala Sitharaman holding the Budget Papers at the North Block in New Delhi on February 01, 2023. | Photo Credit: R.V. Moorthy Finance Minister Nirmala Sitharaman on February 1 raised the personal income tax rebate limit, doled out sops on small savings, and announced one of the biggest hikes in capital spending in…

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Business

Budget 2023 | ₹7,000 crore for next phase of eCourt project will improve justice delivery system: Rijiju

Posted on February 1, 2023 By admin
Budget 2023 | ₹7,000 crore for next phase of eCourt project will improve justice delivery system: Rijiju

Union Law Minister Kiren Rijiju said Phase III of eCourts Project will build on the gains made by the earlier two phases that proved crucial in the delivery of justice during the COVID-19 pandemic when courts were under lockdown protocol. File | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday allocated ₹7,000 crore for…

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Business

Budget 2023 | FM moots national digital library to promote reading

Posted on February 1, 2023 By admin
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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Business

Budget 2023 | Exemptions on high-value life insurance proceeds pruned

Posted on February 1, 2023 By admin
Budget 2023 | Exemptions on high-value life insurance proceeds pruned

Image for representational purpose only. | Photo Credit: The Hindu The Union Budget 2023-24 has proposed to limit the income tax exemption on the proceeds of high value life insurance policies. Mooted as part of an emphasis on better targeting of tax concessions and exemptions, the proposal means that only income from life insurance policies…

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Business

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

Posted on February 1, 2023 By admin
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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Business

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

Posted on February 1, 2023 By admin
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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