Page 4 - Latest Updates on Budget at a Glance
Budget 2023: FM may bring fiscal deficit target down to less than 6% of GDP
Fiscal deficit helps in assessing macroeconomic stability of a nation, which also impacts inflation
 "Budget 2023: FM may bring fiscal deficit target down to less than 6% of GDP")
Budget 2023: Govt should focus on broadening domestic economy, say experts
Clean energy is a key today and expanding use of Natural Gas via City Gas Distribution (CGD) will contribute to the efforts
 "Budget 2023: Govt should focus on broadening domestic economy, say experts")
Budget 2023: Govt likely to avoid populist measures; tax tweaks possible
FM Sitharaman is unlikely to tinker much with tax rates, yet will also steer clear of populist measures, according to economists surveyed
 "Budget 2023: Govt likely to avoid populist measures; tax tweaks possible")
Budget 2023: Railway Ministry sets in motion Rs 2-trillion budgetary push
Railways has also been focusing on building better domestic infrastructure for manufacturing trains
 "Budget 2023: Railway Ministry sets in motion Rs 2-trillion budgetary push")
Budget session: President's address to be held in old Parliament building
The Budget Session of Parliament is likely to begin on January 31 and is expected to conclude on April 6 with a recess in between
 "Budget session: President's address to be held in old Parliament building")
Budget 2023: HR industry expects labour codes, focus on formal job creation
Randstad India also called for "Industry Status" for the staffing industry
 "Budget 2023: HR industry expects labour codes, focus on formal job creation")
Budget wishlist: Pharma, healthcare industries seek simplified regulations
Fortis Healthcare MD & CEO Ashutosh Raghuvanshi said increased policy support is required to encourage, facilitate medical value travel to India
 "Budget wishlist: Pharma, healthcare industries seek simplified regulations")
Union Budget 2023: Long-term capital gains tax likely to be rationalised
This tax was discontinued in 2005, but was reintroduced in 2018 in the Union Budget for that fiscal
 "Union Budget 2023: Long-term capital gains tax likely to be rationalised")
PM Modi to hold pre-Budget meeting with economists, sectoral experts
Finance minister Nirmala Sitharaman will present the 2023-24 Budget in Parliament on February 1, 2023
 "PM Modi to hold pre-Budget meeting with economists, sectoral experts")
Enhance budget for PLI scheme and widen its coverage: Assocham
The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors
 "Enhance budget for PLI scheme and widen its coverage: Assocham")
On track to meet FY23 fiscal deficit target, inflation within RBI band: FM
'We'll bring inflation down further for the sake of common people', said FM Nirmala Sitharaman
 "On track to meet FY23 fiscal deficit target, inflation within RBI band: FM")
Abolish exemptions
Instead of reducing tax rates, Budget 2023 should take steps to reverse the decline in tax buoyancy
 "Abolish exemptions")
On the cards: Expansionary Budget with optimistic tax revenue rise
Finance Minister Nirmala Sitharaman is expected to present the next Budget on February 1
 "On the cards: Expansionary Budget with optimistic tax revenue rise")
The process involved in preparing the Union Budget: An explainer
All of this culminates on February 1, when the Cabinet approves the budget, the Finance Minister presents it to the President, then proceeds to Lok Sabha, where she rises at 11 am to begin her speech
The end of budget day carnival?
In India, the average length of a budget speech is about 13,600 words and takes over two and a half hours to complete
 "The end of budget day carnival?")
Capital expenditure aid to states may be regular Budget feature
The amount is part of the Centre's Rs7.5 capex outlay for the next year.
 "Capital expenditure aid to states may be regular Budget feature")
Centre's GDP deflator forecast for FY23 is 3-3.5%: FM Nirmala Sitharaman
Based on Sitharaman's statement, the finance ministry's own real GDP projection is closer to that of the Reserve Bank of India
 "Centre's GDP deflator forecast for FY23 is 3-3.5%: FM Nirmala Sitharaman")
Budget 2022: Some musings
The worrisome issue of fiscal consolidation remains a major concern
 "Budget 2022: Some musings")
Story in Numbers: Uttarakhand sees highest allocation for health
In 2021-22, Uttarakhand allocated 5.12 per cent of its total Budget (Rs 3,438.84 crore) to health
 "Story in Numbers: Uttarakhand sees highest allocation for health")
It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal
'There are a lot of claims about how important the sector is, but nobody really knows. So it's only when we begin to tax it will we get the scale of it', he said
 "It's clear a country can't regulate crypto on its own, says Sanjeev Sanyal")
