Page 24 - Budget 2023 News

Why PM Modi can shrug off Rahul Gandhi's populist challenge, for now

Even with a bumper tax harvest the federal government will just about meet its targeted budget deficit of 6.4% of gross domestic product for the fiscal year that ends on March 31

Govt may not amend FRBM Act again, but aims for 5.5-6% deficit in FY24

The Finance Ministry is likely to stick to its internal fiscal consolidation roadmap

Budget 2023 should create roadmap for sustainable growth: Logistics sector

Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget 2023-24 in the Lok Sabha on February 1

Budget 2023: International Road Federation seeks removal of GST on helmets

India accounts for about 11% of the road accident deaths worldwide and the two-wheeler riders, being most vulnerable, constitute almost 31.4 per cent of road accidental deaths

Budget wishlist: Steel sector seeks anti-predatory measures against imports

While domestic steel prices have remained subdued, raw material costs have surged approximately by Rs 6,000 per metric tonnes.

Union Budget 2023: Experts don't expect surprises in social sector outlay

While experts believe that provision for various social schemes may go up, the sector is unlikely to see any major announcements

Budget wishlist: Pharma, healthcare industries seek simplified regulations

Fortis Healthcare MD & CEO Ashutosh Raghuvanshi said increased policy support is required to encourage, facilitate medical value travel to India

CAIT urges union FM on financial support for small traders in Budget

Traders' body, the Confederation of All India Traders (CAIT) has urged the Union Finance Minister for financial support policies for small traders in the upcoming Budget

Bullish trends dominant in run up month to Union Budget, shows report

With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates

USO payments should be suspended till existing funds exhausted: COAI

Reduction of license fee to 1 %, lower customs duties, and a clearer definition of Gross revenue among key industry demands submitted in budget recommendations

Union Budget 2023: Government bullish on monetisation of railways' assets

Under monetisation, the government does not sell assets, but leases them for a certain period for redevelopment and operations by a private entity, while continuing to retain their ownership

Budget 2023 wish list: Insurers seek hike in tax deduction limit

This is among the host of suggestions submitted by the sector

FM to present final Budget speech on Feb 1; here's all you need to know

The Budget speech, delivered by the Union Finance Minister consists of two sections - Part A and Part B

Govt seeks expenditure proposals for final supplementary demands for grants

The two-part Budget session of Parliament will commence on January 31 and the final Supplementary Demands for Grants is likely to be presented in the second leg of the session

CBDC: Industry demands support for robust infrastructure in Budget 2023

Stakeholders say internet penetration, robust technology, and concerns about data security are key issues they want the govt to address

India Budget to balance capex, social agenda, says Nomura's Sonal Varma

"India will have the benefit of lower subsidy bills, helped by a fall in international fertilizer prices and a readjustment of the nation's free food program," she said

Crypto industry wants 0.1% TDS, Sebi-like regulator in Budget 2023

Some industry experts also suggested that gains in the crypto industry should be allowed to be offset against losses

Increase tax rebate benefits for consumption expenditure in Budget: PHDCCI

Industry body PHDCCI sought increase in the tax rebate benefits for consumption expenditure, reduction in the cost of doing business and hassle free disbursement of loans at affordable rates

SBI estimates India's FY23 fiscal deficit at Rs 17.5 trn, FY24 Rs 17.95 trn

Upcoming budget 2023 will be challenging for government to follow the roadmap for fiscal consolidation amidst a global environment of declining inflation, said top economist of State Bank of India

Union Budget 2023: Long-term capital gains tax likely to be rationalised

This tax was discontinued in 2005, but was reintroduced in 2018 in the Union Budget for that fiscal