Page 11 - Budget 2023 News

Union Budget 2023: Rs 19,518 crore allocated to metro projects across India

The outlay for this year includes equity investment of Rs 4,471 crore, subordinate debt of Rs 1,324 cr and pass through assistance Rs 13,723 crore

Union Budget 2023: Centre allocates Rs 44,094 crore for higher education

In 2023-24, the grant for the UGC has been increased by 9.37 per cent -- an increase of Rs 459 crore

Budget 2023: GIFT City gets a big boost as govt announces several sops

Pnotes issued at IFSC will be recognised by bourses; as on December 2022, FPIs' pnote holding at just Rs 96,000 cr

Landmark budget of New India that's emerging as economic powerhouse: MoS IT

Country is expanding investments in modern capex, digitalisation, modern cities, and skilling for youth, tax cuts for the middle class and expanding support and opportunities for all, minister said

Union Budget 2023: Govt allocates Rs 5.94 trillion to defence ministry

The allocation to Defence Research Development Organisation (DRDO) has been put at Rs 23,264 crore

Budget: Domestic tourism gets a fillip, overseas travel set to get costlier

Travel industry expressed mixed feelings about the budget as some of the demands for tax concessions or industry status for the sector too were not addressed in the budget

Gems and jewellery industry disappointed with Union Budget for 2023-24

Currently, the basic customs duty on silver dore is 6.1 per cent, while on semi-manufactured items it is 7.5 per cent

Budget ends tax advantage in MLDs, move to impact wealthy investors

Products that invest in fixed-income and derivative instruments enjoyed taxation for bonds

Nothing in Union Budget to solve economic disparities in country: Kerala CM

The Chief Minister, in a statement, also expressed the view that the budget has not taken a regionally balanced approach

Union Budget 2023-24: Centre allocates Rs 11,933 crore to Delhi Police

Finance Minister Nirmala Sitharaman on Wednesday presented the Union Budget for 2023-24

Budget 2023 a balancing act with focus on prosperity and inclusiveness

Budget 2023: Raising of tax slabs along with reduction in peak surcharge shall result in around Rs 35,000 crore being saved by tax payers and hopefully being spent to boost consumption

Enablers in Budget will perk up economy: FDCI chairman Sunil Sethi

"It is exciting to know about the encouragement to states for setting up Unity Malls for the further promotion and sale of One District One Product scheme, GI and handicraft products"

Automobile industry terms Union Budget 2023-24 as 'growth-oriented'

Finance Minister Nirmala Sitharaman has proposed to further provide impetus to green mobility

Budget lays roadmap to train lakhs of youth in the next three years: FM

Moreover, to skill youth for international opportunities, 30 Skill India International Centres will be set up across different states, Sitharaman said

Budget: Govt to enhance presumptive taxation limit for MSMEs, professionals

The move is aimed at promoting non-cash transactions, as per the Budget document

Budget 2023: Oil companies will spend Rs 1.06 trn in next financial year

Nearly half of overall expenditure would be for refineries expansion and upgrade while about 44% will be used for exploration and production of hydrocarbons, the data provided in the budget documents

Union Budget 2023: Govt allocates Rs 1.23 trn for postal, telecom projects

The government has allocated Rs 2,158 crore for Optical Fibre Cable based network for Defence Services and Rs 715.8 crore for telecom projects in the North Eastern states

Budget 2023 aims at providing a stable direct tax regime

At the domestic front, the government presented its last full budget wherein it had to maintain a balance in fueling growth trajectory, while being on the path of fiscal prudence, say analysts

Budget 2023 a roadmap for resurgent India; aims to get fiscal house in order

Budget 2023: This budget may galvanize an effective AI ecosystem necessary to nurture buoyancy in GST revenues and improve taxpayer morale and trust in the system

India to see challenges in meeting fiscal glide path, says Fitch analyst

The government is targeting a budget deficit of 5.9% of GDP for 2023/24, while the deficit was 6.4% in 2022/23, according to revised estimates