Page 3 - Latest Updates on Budget estimates
Budget 2023: Govt increases allocation to NHAI to Rs 1.62 trillion for FY24
The Union Budget 2023-24 has allocated an enhanced outlay of Rs 2.70 trillion for the highways sector
 "Budget 2023: Govt increases allocation to NHAI to Rs 1.62 trillion for FY24")
I-T benefits in union budget to propel deposit growth: Bandhan Bank MD
Speaking on the budget proposal for simplifying the KYC process, Ghosh hailed it as a noble effort
 "I-T benefits in union budget to propel deposit growth: Bandhan Bank MD")
No separate mention of disinvestment proceeds in Union Budget 2023-24
For the next fiscal beginning April 1, the miscellaneous capital receipts have been pegged at Rs 61,000 crore
 "No separate mention of disinvestment proceeds in Union Budget 2023-24")
Budget 2023: Centre allocates Rs 946 cr to CBI; increase of over 4.4%
The agency received Rs 841.96 crore to manage its affairs in the Budget Estimates for 2022-23, which was later increased to Rs 906.59 crore in the Revised Estimates
 "Budget 2023: Centre allocates Rs 946 cr to CBI; increase of over 4.4%")
Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024
The tax holiday scheme was earlier available for startups incorporated till March 31, 2023
 "Budget 2023: Govt extends tax holiday for homegrown start-ups till Mar 2024")
Budget: Initiative to boost lab-grown diamond sector cheers Surat industry
The Union government has announced a package for Research and Development for five years, which will give a jump to lab-grown diamonds
 "Budget: Initiative to boost lab-grown diamond sector cheers Surat industry")
Budget 2023: Govt allocates Rs 1.96 trillion to Ministry of Home Affairs
Finance Minister Nirmala Sitharaman presented the Union Budget for 2023-24 in Lok Sabha on Wednesday
 "Budget 2023: Govt allocates Rs 1.96 trillion to Ministry of Home Affairs")
Budget 2023: Govt expects Rs 48,000-cr dividend from RBI, PSU banks in FY24
As per the Budget document, dividends from public sector enterprises and other investments have been pegged at Rs 43,000 crore for FY24 as well
 "Budget 2023: Govt expects Rs 48,000-cr dividend from RBI, PSU banks in FY24")
Union Budget 2023: Sports Ministry receives over Rs 700-crore boost
A provision has been made in this year's budget to provide NADA a funding of Rs 21.73 crore, while NDTL, which conducts the tests, will receive Rs 19.50 crore
 "Union Budget 2023: Sports Ministry receives over Rs 700-crore boost")
Budget: Direct, indirect taxes cover 58 paise of every rupee in govt coffer
The government will spend 8 paise out of every rupee on 'other expenditures'
 "Budget: Direct, indirect taxes cover 58 paise of every rupee in govt coffer")
India's nominal GDP to reach $3.5-trn mark by March-end: Economic Survey
India's economy crossed the $3 trillion mark last year
 "India's nominal GDP to reach $3.5-trn mark by March-end: Economic Survey")
Statsguru: Six charts show average variation in the Budget estimates
In the ten years between 2012-13 and 2021-22, the government has been able to meet its Budget Estimate (BE) only four times
60% households expect dip in earning, seek relief in Budget 2023: Survey
LocalCircles claimed that 37,000 responses were received from household consumers across 309 districts of India, comprising 64% men, 36% women from tier 1, tier 2 and smaller towns as well
 "60% households expect dip in earning, seek relief in Budget 2023: Survey")
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 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")
At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10
The finance ministry issued refunds amounting to Rs 2.4 trillion till January 10
 "At Rs 14.71 trn, direct tax collection hits 86.6% of FY23 target by Jan 10")
