Page 12 - Budget 2023 News

Union Home Minister Amit Shah welcomes 'all-inclusive and visionary' budget

This reflects the foresight of the Modi government to build a new India with strong infrastructure and a strong economy, he said

Union Budget 2023 gives EVs a big charge; boosts vehicle scrappage

Centre and states to provide 25% tax rebate on road tax for vehicles purchased to replace scrapped ones

The Budget is highly pragmatic and growth oriented: PVR's Ajay Bijli

Ajay Bijli, Chairman and Managing Director, PVR Ltd, talks about Union Budget 2023

Women in Budget: Marginal rise in allocation; new savings scheme announced

The budget allocated to the Women and Child Development Ministry, the nodal department of the govt for the welfare of women and children, stood at Rs 25,448.75 crore in 2023-24

India earmarks $3.7 billion for state oil companies' energy transition

"This Budget builds on our focus on green growth," finance minister Nirmala Sitharaman said in her budget speech

Budget: FM proposes case management system to reduce litigation by I-T dept

In a bid to lessen litigation, FM Nirmala Sitharaman proposed a case management system where the I-T dept would defer filing a lawsuit if an identical question of law is pending in HCs and SC

Budget 2023 announces host of measures to enhance business in GIFT IFSC

To enhance business activities in GIFT IFSC, Finance Minister announced a host of measures, including establishing a subsidiary of EXIM Bank for trade re-financing

Budget 2023: What is 'Amrit Kaal' mentioned by FM Sitharaman in her speech?

The Bharatiya Janata Party (BJP) government has increased its emphasis on 'Amrit Kaal' and said that the coming period would be very prosperous for India with economic growth and social justice

Union Budget 2023: SCSS, MIP investment limit doubled, new scheme for women

Mahila Samman Saving Certificate to be available for two years till March 2025, offers 7.5% return, with provision for partial withdrawal

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

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

Budget 2023-24: Hospitality will benefit, says Massive Restaurants' Kalra

Zorawar Kalra, Founder & MD, Massive Restaurants, talks about Union Budge 2023

Budget 2023-24: Excited about the focus on tourism, says Paresh Maity

Indian painter Paresh Maity talks about the Union Budget 2023

Budget: Govt to set up National Digital Library for children, adolescents

The proposal has been welcomed by stakeholders in the education sector

Budget: Govt proposes to simplify KYC procedure with 'risk-based' approach

The financial sector regulators will also be encouraged to have a KYC (Know Your Customer) system fully amenable to meet the needs of Digital India

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

Budget proposes 20% hike in TCS on overseas travel, remittances going out

The government on Wednesday proposed to hike the TCS rate to 20 per cent from 5 per cent currently on overseas tour packages and a liberalised remittance scheme for remittance of funds out of India

Budget 2023: Corp Affairs min gets Rs 756 cr, higher than current fiscal

The corporate affairs ministry will get a budgetary allocation of Rs 756.19 crore in the next financial year, higher than the amount earmarked for the ongoing fiscal ending March 31

Budget: 'Delhi got Rs 325 cr despite paying over Rs 1.75 trn tax', says CM

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

Union Budget 2023 augments capex without sacrificing fiscal consolidation

The quality of the fiscal deficit is also set to improve in FY24, with capex accounting for a much larger share of the same vis-a-vis FY23