Page 26 - Budget 2023 News

Budget 2023: FDI in startups needs tax exemption, says Wadhwani Foundation

With an estimated 250 unicorns by 2025 from a little over 100 now and $180 billion of total funding by CY23, India's startup ecosystem is well-positioned to leverage the availability of young talent

Second part of budget session likely to be held in new parliament building

The second part of the session usually commences in the second week of January and continues till early May

Commerce Ministry seeks cut in gold import duty in Budget to push exports

The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to push exports and manufacturing of the gems and jewellery sector, sources said

TDS guidelines for gaming companies may require greater disclosure

The move is aimed at improving reporting and transparency in these sectors

Ujjwala scheme: Rs 200 subsidy per cylinder to be extended one more year

The main motive of the extension is to improve the penetration in north-east India, a government official said

Modi to chair second national conference of chief secretaries next month

Ahead of the Union Budget 2023-24, Prime Minister Narendra Modi will chair the 'second national conference of chief secretaries' in the national capital next month, a senior government official said.

Lessons in budgeting: Changing Budget tack amid changing realities

From an adventurous start in 2019 to modest revenue projections last year, there has been a marked change in Ms Sitharaman's approach. T N Ninan looks at what can be expected in Budget 2023

Low interest rate loans, tax incentives for Agri Startups in next Budget

The idea behind supporting agritech startups in India is to make the agriculture sector more durable along with supporting small farmers and encouraging best practices through raising awareness

Budget this year to follow spirit of earlier ones, says FM Sitharaman

FM Nirmala Sithataman indicated that her forthcoming Budget will continue to push growth on the back of public spending as she said it will "follow the spirit" of earlier Budgets

Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors

Agri budget rises to Rs 6.22 trn under Modi govt, says Prahlad Patel

Union Minister Prahlad Singh Patel said the Centre has taken several steps for the growth of the farm sector and to boost farmers' income

Local medical device makers seek trade margin rationalisation in Budget 23

Group wants basic custom duty on import of medical devices increased to 10-15%

'Budget For Children' charter demands more investment for PM-POSHAN

Increasing investment on all schemes for children, particularly on PM-POSHAN and raising health budget are among the demands in 'Budget For Children' charter presented to Minister of State

Trade union bats for separate business management service cadre for PSUs

Bharatiya Mazdoor Sangh (BMS) wants creation of a separate business management service cadre like IAS, IFS to manage the public sector units (PSUs)

10 major trade unions boycott pre-budget meeting with Sitharaman

Ten major trade unions of the country, including the AITUC, INTUC, and AIUTUC among others, boycotted their pre-budget consultations with Union Finance Minister citing lack of proper time given

Allow mega powerloom cluster in T'gana as G20 logo return gift: KTR to PM

Telangana Minister KT Rama Rao said the best return gift to weavers of Siricilla who made G20 logo will be to sanction a mega power loom cluster in the upcoming Union Budget to the state

Budget 2023-24: Miners' body seeks withdrawal of export duty on bauxite

Miners' body FIMI has sought withdrawal of export duty on bauxite, stating that the move will lead to optimum utilisation of low-grade mineral resources

Chhattisgarh CM Bhupesh Baghel heads to Delhi for pre-Budget meet

Chhattisgarh Chief Minister Bhupesh Baghel left for Delhi on Thursday to participate in the pre-Budget meeting of chief ministers to be chaired by Union Finance Minister Nirmala Sitharaman.

Abolish exemptions

Instead of reducing tax rates, Budget 2023 should take steps to reverse the decline in tax buoyancy

India may boost rural spending by 50% next year to spur jobs, housing

India may increase rural spending by nearly 50% to 2 trillion rupees ($24.51 billion) next fiscal year, as the country seeks to boost jobs