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What are Budget estimates

Budget estimates

About Budget estimates

What are Budget estimates

Every year, the Budget is presented before Parliament by the Union finance minister. During the speech, the funds allocated for various jobs and activities and ministries are laid out. These numbers are called Budget estimates. For example, if the government sets Rs 1,000 crore aside for defence, then Rs 1,000 crore will the Budget estimate for defence for the given financial year.
 
One thing to note here is that these estimates are not exact numbers or the final commitment by the government to any particular sector. These are just estimates of the extent of expenditure the government is willing to go
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Latest Updates on Budget estimates

Budget and the growth process

The government's command over household savings needs to be reduced for stimulating demand and private credit

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Updated On : 20 Feb 2023 | 10:28 PM IST

Rs 1.5-trn spending rationalisation helps govt meet FY23 deficit target

Without the expenditure rationalisation, the Revised Estimates (RE) for the Centre's total spending would have been about Rs 43.4 trillion instead of Rs 41.9 trillion

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Updated On : 09 Feb 2023 | 10:57 PM IST

PM Awas, Jal Jeevan to create rural jobs, justify MGNREGS cut: CEA

The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce

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Updated On : 06 Feb 2023 | 11:04 PM IST

Rural job scheme spend tops BE, but low allocation cause for concern

Critics say fund cut will lead to delay in payments, suppression of demand

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Updated On : 05 Feb 2023 | 11:11 PM IST

Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

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Updated On : 03 Feb 2023 | 6:15 AM IST

Union Budget 2023-24 on expected lines, good for investment push

Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles

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Updated On : 03 Feb 2023 | 6:10 AM IST

Direct tax: Budget gives a blueprint for sustained high-growth trajectory

Presently, no TDS is required on interest payable in the case of listed dematerialised securities

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Updated On : 03 Feb 2023 | 6:10 AM IST

Budget 2023: From Ashok Leyland to L&T, brokerages bet on cyclical stocks

Here are 10 stocks across sectors that are expected to gain the most from the various proposals

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Updated On : 03 Feb 2023 | 6:05 AM IST

Social sector: The emphasis of Budget is on the consolidation of schemes

The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective

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Updated On : 03 Feb 2023 | 6:00 AM IST

Govt to move to exemption-free I-T regime with lower taxes: Revenue Secy

In an interview to PTI, Malhotra said the government does not have any specific timeline to make the new regime mandatory for taxpayers

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Updated On : 02 Feb 2023 | 8:47 PM IST

Union Budget 2023: Allocation for aid to foreign countries cut by 2.6%

Some of the countries whose allocation has been reduced under this head include Bhutan, Afghanistan and Mauritius

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Updated On : 02 Feb 2023 | 8:42 PM IST

Union Budget 2023-24: Funding for IIMs brought down to Rs 300 crore

According to the Budget Estimates (BE) for 2022-23, the IIMs were allocated an amount of Rs 653.92 crores

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Updated On : 02 Feb 2023 | 7:21 PM IST

Budget: Govt announces 150% hike in outlay of Swachh Bharat Mission-Urban

The Smart Cities Mission was allotted Rs 8,000 crore as against Rs 8,800 crore in the revised estimates for the last fiscal

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Updated On : 01 Feb 2023 | 11:22 PM IST

Union Budget stands to benefit all sections of society: Anurag Thakur

He said the budget stands firm on the foundation laid by the previous budgets presented by the Narendra Modi government

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Updated On : 01 Feb 2023 | 11:08 PM IST

Budget allocates Rs 4,692 cr for Ministry of Information and Broadcasting

The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last fiscal

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Updated On : 01 Feb 2023 | 10:55 PM IST

'Union Budget 2023-24 is a road map for nation building', says Assocham

The chamber which has been seeking relief to the MSMEs expressed gratitude to the government for giving several incentives to the small businesses and the start-ups

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Updated On : 01 Feb 2023 | 10:48 PM IST

Union Budget: Rs 28,138 cr allocated to meet requirements for OROP scheme

The Budget marked an increase in the allotment for Ex-Servicemen Contributory Health Scheme (ECHS) with Budget Estimates of Rs 5,431.56 crore in FY 2023-24 as against Rs 3,582.51 crore in FY 2022-23

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Updated On : 01 Feb 2023 | 10:37 PM IST

Budget 2023-24: Civil Aviation Ministry's allocation dips to Rs 3,113.36 cr

The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 crore

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Updated On : 01 Feb 2023 | 10:31 PM IST

Life insurance firms' shares fall on taxation proposal related to policies

According to Union Budget documents, an individual will have to pay tax on the maturity amount of life insurance policies where the aggregate annual premium exceeds Rs 5 lakh

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Updated On : 01 Feb 2023 | 9:18 PM IST

Budget 2023: Govt pegs FY24 disinvestment revenue target at Rs 51,000 crore

For the next fiscal beginning April 1, the miscellaneous capital receipts have been pegged at Rs 61,000 crore, including Rs 51,000 crore from disinvestment

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Updated On : 01 Feb 2023 | 9:11 PM IST