Tag: nirmala sitharaman budget 2023

Budget 2023 | Industry hails Budget’s green energy, infrastructure push

February 2, 2023 admin

The attention and allocation to building a green infrastructure and a decarbonised energy regime is the core of the Union Budget which puts india on the path of being future proof, said Prashant Ruia, Director, Essar Capital. “The ₹35,000 crore allocation for energy transition along with an ambitious target of 5 MMT of hydrogen will unleash…

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Decoding Budget 2023 – The Hindu

February 2, 2023 admin

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

February 1, 2023 admin

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

February 1, 2023 admin

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 | Marginal hike in funds for Home Ministry, allocation for Census slashed by half

February 1, 2023 admin

File photo of officials collecting data as part of Census in 2011. | Photo Credit: MURALI KUMAR K In an indication that the census exercise — meant to be completed in 2021, but delayed because of COVID-19 — may not be conducted in 2023-24, the Union Budget allocation for the Census Survey and Statistics head…

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Budget 2023 | Cooperative manufacturing units get sops

February 1, 2023 admin

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

February 1, 2023 admin

“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

February 1, 2023 admin

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 | 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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