Page 25 - Budget 2023 News

Budget 2023: Real estate sector wants tax sops, PPP in affordable housing

Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services

Centre revises calendar, MoSPI to give GDP numbers post Budget in 2023

MoSPI to release first revised estimates of national income, consumption expenditure, saving, and capital formation of the previous fiscal year on the last day of February starting this year

Budget 2023: I belong to middle class, understand their pressures, says FM

The minister assured them that the government can do more for the middle class as its population is growing and it has become sizeable now

Union Budget 2023: Electronic companies urge govt to reduce tariffs

Some duty structures, according to industry groups and stakeholders, need to be revised because they are now burdening the industry

Budget session: Govt likely to propose amendments to competition law

The Budget session of Parliament will commence from January 31 with President Droupadi Murmu's address to the joint sitting of Lok Sabha and Rajya Sabha

PLI scheme to defence allocation, here's space industry's Budget wishlist

India's space economy was pegged at $9.6 billion in 2020 and was expected to touch $12.8 billion by 2025

Hand-hold the industry till animal spirits are out, says Sanjiv Bajaj

Sanjiv Bajaj, president of Confederation of Indian Industry (CII) and managing director of Bajaj Finserv, talks to Nivedita Mookerji about his expectations from Budget 2023

PM Modi meets economists as govt gets ready to present Union Budget 2023

Economists who participated in the meeting, included Shankar Acharya, Ashok Gulati, and Shamika Ravi

Budget 2023-24: Scheme to settle export obligation defaults on cards

One-time opportunity to help 1,100 exporters

Budget 2023: Digital infra, cybersecurity spending critical for tech sector

Apart from the direct expenditures, the government is also expected to extend the production-linked incentives for electronics manufacturing schemes to encourage domestic manufacturing

Budget 2023, last full budget of Modi govt, to focus on rural, infra: UBS

The forthcoming budget -- the last full budget of the present government ahead of the general elections to be held in mid-2024 -- will be more rural- and infra-focused, said a foreign brokerage

PAN as single business ID set to get legal backing in Budget 2023-24

The provision will also ensure the mapping of PAN of an entity with multiple existing identifications. Accordingly, it will be notified under various central and state legislations

Rates are out of tune for higher-income levels, need revisions

India is somewhere in the middle when taxation for the upper-income bracket is considered, but leaving tax rates untouched can translate into a heavier tax burden on the population

Budget 2023: A look back at some major announcements in previous Budget

Here is a brief status check of some initiatives that the Finance Minister touched upon in the Union Budget 2022

PM Modi to hold pre-Budget meeting with economists, sectoral experts

Finance minister Nirmala Sitharaman will present the 2023-24 Budget in Parliament on February 1, 2023

Jewellery industry seeks abolition of duty on lab-grown diamonds in Budget

Gem and jewellery exporters urged the government to announce support measures like the abolition of import duty on raw material for lab-grown diamonds and jewellery repair policy to promote the sector

Higher nominal GDP likely to help govt meet fiscal deficit target

The leeway to the government was given by the first Advance Estimates, which pegged GDP at current prices at Rs 273 trillion for 2022-23 as against Rs 258 trillion assumed by the FY23 Budget

Budget 2023-24: Govt may go easy on capital expenditure growth in FY24

Outlay for next year likely to be around Rs 9.5 trillion

Budget 2023: PMAY-G may get big push on time for 2024 General Elections

In FY-23, Centre first allocated Rs 20,000 cr for PMAY-G and then topped it up with infusion of Rs 28,000 cr, in the coming 2023 Budget a similar push is expected, sources said

Expenditure rationalisation may be underlying theme of Budget 2023

The budget for the financial year 2023-24 (FY24) could be about controlling non-essential expenditure