Budget 2023

Govt is already finalising projects and may issue a few such bonds in H1FY24

Custom duty on imitation jewellery has been enhanced from 20 per cent to 25 per cent. This will discourage cheap imports from China and encourage domestic manufacturing

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Finance Minister Nirmala Sitharaman presented the last full Budget of the Modi government before general elections 2024 on February 1. Catch all latest updates on Union Budget 2023-24 here

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"Government had been doing a lot on the tax regime. They have now focused more on ease of doing business and opening up some businesses and stopping you from exporting your capital market"

Rajya Sabha member GVL Narasimha Rao on Sunday said that the Union Budget laid the foundation to make India a developed nation in the next 25 years

Brokerages mixed on Avenue post Q1 results; here's what they say

Congress leader P Chidambaram hit out at the government on Wednesday after Finance Minister Niramala Sitharaman expressed anguish over the Parliament not having a debate on the Union Budget, saying it's for the first time in Indian parliamentary history that the treasury benches started disruption and forestalled debate. Sitharaman on Tuesday expressed anguish over the Parliament not having a debate on the Union Budget as proceedings in both Houses have been a washout so far and accused the Opposition of resorting to diversionary tactics to distract people's attention from the "success story" of the Indian economy. In a tweet, Chidambaram said, "Hon'ble FM has lamented that there was no debate in Parliament on the Budget. Who was responsible for the Budget being passed without debate?" "It is for the first time in Indian parliamentary history that the Treasury Benches started the din and disruption and forestalled debate," the former finance minister said. In another tweet, ...

Parliamentary approval for the Budget for 2023-24 was on Monday completed after Lok Sabha passed the Finance Bill with a fresh amendment and Rajya Sabha gave its nod to all the three related legislations without any debate amid continuing din over the Adani issue. First Rajya Sabha approved the Rs 45 lakh-crore spending proposed in the Budget, followed by the nod to the Finance Bill that contains tax proposals. It also approved the Appropriation Bill and Demands for Grants, besides Budget for Union Territory of Jammu and Kashmir. The nod to Finance Bill included a fresh amendment moved by finance minister Nirmala Sitharaman that sought to correct the rate of STT (securities transaction tax) to be levied on trading of options and futures in the derivative market. After the Lok Sabha cleared the Finance Bill, which has 64 official amendments, the finance ministry on Friday issued a statement saying that there was a typographical error in the amendments with respect to the change in ST

The Budget Estimates represent the government's wishes and ambitions regarding the money it wants to spend

Lok Sabha on Thursday approved the Union Budget envisaging an expenditure of around Rs 45 lakh crore for the fiscal year starting April 1 without any discussion, as the Opposition continued to create ruckus over demand for a JPC probe into allegations against the Adani Group. The Lower House of Parliament took up the Demands for Grants and Appropriation Bills after two adjournments as the ruling and Opposition MPs engaged in a matching duet over demands for an apology by Rahul Gandhi and the Adani issue. Most of the second leg of the Budget Session has been washed out due to the protest by both sides and it was one of the rare occasions when the Budget was passed without any discussion. Soon after the Lok Sabha reassembled at 6 pm after two adjournments, Speaker Om Birla put the Opposition's cut motion or amendments to the government spending plan to vote which was rejected by voice vote. This was followed by Finance Minister Nirmala Sitharman moving the demands for grants for 2023-

This is despite a new tax being introduced from April 1

Delhi Chief Minister Arvind Kejriwal on Wednesday said the 2023-24 Budget has something for everyone and asserted that it will give a major push to infrastructure with Rs 21,000 crore being allocated for various projects. He told a press conference that his government has been providing free education, water, power and healthcare services to citizens, but has never incurred losses, and assured that all the free schemes of the Delhi government will continue. In 2014-15, the Budget outlay was Rs 30,940 crore, which has now gone up to Rs 78,800 crore, he said after the tabling of the financial document in the assembly. "This is because Delhi has an honest government. Finally, the Budget was presented today. The Delhi government's Budget for the financial year 2023-24 has something for everyone. We have so far invested heavily in education, health and electricity sectors and this will continue. This budget focuses on a clean, beautiful and modern Delhi," Kejriwal said. "We have achieve

The Delhi government will provide new tablets to all teachers, principals, vice-principals besides setting up new computers in 350 schools in the national capital in 2023-24. The Delhi Budget presented by Finance Minister Kailash Gahlot on Wednesday allocated Rs 16,575 crore for the education department for the year 2023-24. In the 2022-23 Delhi Budget, the education sector had received the highest allocation of Rs 16,278 crore. Providing 20 new computers to each of the 350 schools under the Delhi Government and teaching of French, German, Japanese and Spanish in Schools of Specialised Excellence are the highlights of the Delhi's budget for education sector. The minister said more branches of the Ambedkar Schools of Specialised Education will come up in 2023. In 2021, there were 20 schools of specialised education, which will be increased to 37 in 2023. Gahlot also announced that schools and industries will collaborate to develop professional skills for children at Schools of Appl

The presentation of the Delhi government's Budget, which was scheduled for Tuesday, was put on hold with the state government and the Centre trading charges over allocations under various heads

The Tamil Nadu government on Monday presented its Budget 2023-24 in the Assembly and said reform initiatives have led to a reduction in revenue deficit from about Rs 62,000 crore to Rs 30,000 crore. Finance Minister Palanivel Thiaga Rajan, tabling the Budget said that owing to the unprecedented and difficult reforms undertaken, "we have reduced the annual revenue deficit of around Rs.62,000 crore which we inherited on assuming office (May 2021), to around Rs30,000 crore in the Revised Estimates of the current year." This is notwithstanding the several "massive welfare schemes" that are being implemented during the last two years, he said. Fare free travel for women in State-run buses, breakfast scheme for government school students are among the several schemes being implemented. Even as Rajan began his address, the principal opposition AIADMK attempted to raise issues which led to a din for a while. The Minister announced setting up of a hi-tech 'global sports city' in Chennai, R