Page 7 - Latest Updates on Budget presentation
Bulking up IFSC: A wide-ranging expansion of its remit expected in Budget
FY23 will be aimed at making IFSC the centre to use rupee as a freely convertible currency
 "Bulking up IFSC: A wide-ranging expansion of its remit expected in Budget")
Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters
The industry lobby group also said the Budget expected to focus on ways to strengthen economic recovery
 "Budget 2022-23: CII seeks additional 1% CSR for Covid-19 boosters")
Corporate tax this fiscal likely to exceed Budget Estimates by 19%
Direct, indirect tax revenues have been a bright spot for Centre in FY22
 "Corporate tax this fiscal likely to exceed Budget Estimates by 19%")
Union Budget 2022-23: Phasing out of some tax exemptions likely
FinMin also exploring the option of rationalising capital gains tax rates
 "Union Budget 2022-23: Phasing out of some tax exemptions likely")
Divestment delayed, but petchem plans on the track: Bharat Petroleum
The government's plan is to sell its entire 52.98 per cent stake in BPCL with the transfer of management control to a strategic buyer
 "Divestment delayed, but petchem plans on the track: Bharat Petroleum")
Budget could push for private investments in public infrastructure
Budget could also announce favourable terms for companies accessing bond markets
 "Budget could push for private investments in public infrastructure")
Budget wishlist: Here are the key challenges in agriculture sector
Government needs to play a proactive role in enabling a business-as-a-service (BaaS) platform to promote innovation
 "Budget wishlist: Here are the key challenges in agriculture sector")
Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23
A faster growth projection may cause inflation concerns, say officials
 "Budget 2022-23: Govt likely to target 13-14% nominal growth in FY23")
Budget 2022-23: FY23 capital expenditure target may top Rs 6.5 trillion
During pre-Budget consultations, industry bodies and economists have advised the finance minister to keep the spending tap open
 "Budget 2022-23: FY23 capital expenditure target may top Rs 6.5 trillion")
Budget not just about raising, lowering tax: Finance secretary A B Pandey
The Budget should not be seen only as an exercise where you increase or decrease taxes, but also where you provide stability of rates, says Pandey
 "Budget not just about raising, lowering tax: Finance secretary A B Pandey")
Budget 2021: FM Sitharaman replaces Swadeshi 'bahi khata' with tablet
Sitharaman walked into the House several minutes before 11 am and placed the tablet on the podium
 "Budget 2021: FM Sitharaman replaces Swadeshi 'bahi khata' with tablet")
Like performance of Cheteshwar Pujara, Budget 2021 is brave and stable
Long-term investment in infrastructure by Sovereign Wealth Funds and Pension Funds will also receive a boost owing to certain relaxations
Budget: Rs 73,000 cr to MGNREGA, 34% less than revised estimate of FY21
The allocation is substantially lower than the actual expenditure of Rs 1.11 trillion in the current fiscal
 "Budget: Rs 73,000 cr to MGNREGA, 34% less than revised estimate of FY21")
Sebi to be notified as gold exchange regulator: FM Sitharaman
The government on Monday said capital market watchdog Securities and Exchange Board of India (Sebi) will be the designated regulator for gold exchanges
 "Sebi to be notified as gold exchange regulator: FM Sitharaman")
Mission Poshan 2.0 launched in Budget to improve nutritional outcomes
The supplementary nutrition programme and the Poshan Abhiyaan has been merged to launch Mission Poshan 2.0 to strengthen nutritional content, delivery, outreach, and outcome
 "Mission Poshan 2.0 launched in Budget to improve nutritional outcomes")
Budget reflects govt's efforts to sideline non-BJP ruled states: Punjab CM
Punjab Chief Minister Amarinder Singh on Monday flayed the Union Budget
 "Budget reflects govt's efforts to sideline non-BJP ruled states: Punjab CM")
Telecom sector concerns remain unaddressed: Industry body on Budget
Telecom industry body COAI on Monday expressed disappointment over budget proposals
 "Telecom sector concerns remain unaddressed: Industry body on Budget")
Budget: Edible oil industry welcomes agriculture development cess
The edible oil industry on Monday welcomed the announcement of agricultural development cess and the increase in import duty of crude palm oil in the Union Budget 2021-22
 "Budget: Edible oil industry welcomes agriculture development cess")
India sets aside Rs 7,100 cr as development assistance to other countries
Bhutan got the maximum allocation of Rs 3,004 crore
 "India sets aside Rs 7,100 cr as development assistance to other countries")
Budget will help increase rural consumption: FMCG industry
The FMCG industry on Monday said a special focus on the agriculture sector in the Union Budget will help increase rural consumption and sustain growth momentum
 "Budget will help increase rural consumption: FMCG industry")
