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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…
An Agriculture Accelerator Fund will be set up to encourage agri-startups by young entrepreneurs in rural areas, said Finance Minister Nirmala Sitharaman, during the presentation of the Union budget 2023-24. The fund will aim at bringing innovative and affordable solutions for challenges faced by farmers. It will also bring in modern technologies to transform agricultural…
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Illustration: Satheesh Vellinezhi With the global economy adrift, Finance Minister Nirmala Sitharaman sought to carve out an ark for India in her fifth Union Budget by trying to nudge domestic consumption and reluctant private investments upwards, while also seeking to create a feel-good factor among specific segments of voters as the government gears up for…
Read More “Pollticks: Jobs get highest mention in last Budget before elections” »
Production of Extra Long Staple (ELS) cotton, which is largely imported now, is all set to get an impetus as the government proposes a cluster-based and value chain approach through public private partnerships. The Union Budget is looking at better collaboration between farmers, State, and industry for input supplies, extension services and market linkages to…
Read More “Budget 2023 | Cluster-based approach for ELS cotton production” »
India has made remarkable advancements in the digital realm. File image | Photo Credit: AP The Government proposes to set up 100 labs for developing applications using 5G services in various engineering institutions across the country. Three Centres of Excellence for AI will also be set up. These measures will realise a new range of…
Read More “Budget 2023 | Government to set up 100 5G labs to develop new apps” »
Finance Minister Nirmala Sitharaman on Wednesday, February 1, presented the last full budget of the Narendra Modi government before the 2024 general elections. The Minister announced a range of new initiatives, revised income tax slabs and customs duty, and sops for agriculture and energy transition. The Union Budget 2023-24 document also listed the new allocations…
Clean green hydrogen energy generation. | Photo Credit: Getty Images/iStockphoto Underlining a commitment to accelerate the Indian economy’s transition to one powered by green energy, Union Finance Minister Nirmala Sitharaman in her Budget speech on Wednesday mentioned a slew of schemes aimed at promoting clean energy and sustainable living. Green energy was among the ‘Saptarishi’…
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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…
Read More “Budget 2023 | ₹15,000 crore to be spent on development of tribals” »
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…
Read More “Budget 2023 | 38,800 teachers, support staff to be recruited for Eklavya schools” »
Farmers ride on a cart loaded with grass in a village on the outskirts of Jalandhar, Punjab on January 31, 2023. According the Economic Survey, the performance of the agriculture and allied sector had been buoyant over the past several years due to the measures taken by Centre to augment crop and livestock productivity |…