Page 8 - Latest Updates on Nirmala Sitharaman
Banking sector should cheer Budget
The Budget estimated the nominal GDP growth at 10.5 per cent in FY23, lower than what the Economic Survey, tabled a day ahead, projected
Want to make exemption-free tax regime attractive for people: FM Sitharaman
Sitharaman said large macroeconomic considerations had been kept in mind, and fiscal consolidation had not been ignored
 "Want to make exemption-free tax regime attractive for people: FM Sitharaman")
Union Budget 2023-24: Firm on prudence, high on feel-good factor
Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for 2023-24, which is expected to serve as the last full Budget of Prime Minister Narendra Modi's second term in office
 "Union Budget 2023-24: Firm on prudence, high on feel-good factor")
Focus on bank governance: Pain points & what's on offer in Budget
A move to the stricter expected credit loss model in accounting for bad loans is on the cards for banks
 "Focus on bank governance: Pain points & what's on offer in Budget")
Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund
Centre looks to raise Rs 16,000 cr this fiscal via green bonds. The Budget, however, does not say whether or not bond issuance will be the sole contributor to the fund
 "Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund")
Union Budget 2023: Big push for agri digital infra, co-ops, organic farming
Rural housing gets huge fund outlay for completion of projects ahead of 2024 general elections
 "Union Budget 2023: Big push for agri digital infra, co-ops, organic farming")
The macro-fiscal question
Budget reflects the limitations of a fiscally-strapped government. Increases in capital outlays have matched decreases in public sector capex
A people-centric proposition
The break from giving sops to industry and throwing money at the poor is welcome
 "A people-centric proposition")
A credible effort
The Budget makes all the right noises and avoids the temptation to be populist
 "A credible effort")
'Reward the rich' politics
With a 10% tax cut for the super-rich, has the Modi government lost it? If this is what we believe, we are still caught in oldthink in our political economy
Fiscally prudent, but electorally savvy
In 2022-23, the finance minister hopes to grow her net revenue receipts by 8 per cent even as her revenue expenditure would increase by a similar rate
Investing, not saving
More effort on deficit reduction was needed
 "Investing, not saving")
Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24
The fiscal deficit is the difference between the government's expenditure and revenues when the former is higher
 "Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24")
Sartorial to spending: Green dominates the House during Budget speech
The word 'green' was used by the finance minister 23 times in her 60-plus-minute speech, reinforcing the jungle theme as she moved from thicket to thicket, stumbling occasionally
 "Sartorial to spending: Green dominates the House during Budget speech")
PM Modi terms Union Budget 'historic', says it gives priority to deprived
1st Budget of 'Amrit Kaal' is 'historic', meant for the aspirational, PM says
 "PM Modi terms Union Budget 'historic', says it gives priority to deprived")
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
 "Budget allocates Rs 4,692 cr for Ministry of Information and Broadcasting")
Union Budget 2023-24 ready reckoner: A fiscally prudent approach
The Centre stuck with fiscal prudence, projecting a decline in fiscal deficit to 5.9 per cent of GDP in FY24
 "Union Budget 2023-24 ready reckoner: A fiscally prudent approach")
Health and employment: Union Budget's skilling push for job-ready youth
STEPPING UP: PMKVY 4.0, Unified Skill India Platform and stipend for apprentices
 "Health and employment: Union Budget's skilling push for job-ready youth")
President's address vs Budget: Housing, free foodgrain, Railways, and more
What did the President say in her Budget session address vs what did the Budget have?
 "President's address vs Budget: Housing, free foodgrain, Railways, and more")
The Budget as a new credibility asset
The Budget reflects a solid continuity and even reinforcement of the development orientations and objectives pursued by the PM over quite a few years now
