Page 29 - Budget 2023 News

Two-third Indians believe Budget positive for economy: LocalCircles' survey

A survey conducted by LocalCircles to understand how Budget 2022 would benefit India, found that two out of every three Indians believe the Budget will have a positive impact on the economy.

FY23 Budget more directional with long-term growth, says Piyush Goyal

The government presented a budget with no tax increases and thus no new revenue generation measures but chose to do record borrowings to fund a budgeted 35% increased capital investment at Rs 7.5 trn

Fuel prices will be raised a day after election results, says P Chidambaram

'A finance minister under Manmohan Singh would in 2022-23 have crafted a Budget emphasising the three Ws - work, welfare and wealth', he said

Union Budget FY23's Capex push, infra focus to boost cement demand

Union budget FY23's Capex push as well as continued focus on infrastructure development is likely to boost cement demand

Frontloading infra sector spend could bring faster growth: Crisil

India's Union Budget FY23's investment led push in infra sector is expected to usher in faster economic growth, ratings agency Crisil said

Costlier oil and subsidy fall likely to hit consumption in FY23

A cut in subsidy in FY23 comes on the back of an equally sharp cut in FY22

Cause for concern: Biggest bond yield spike in Budget week since 2017

Since the finance minister's speech, yield on 10-yr paper has jumped 20 bps

Budget 2022: With easy credit, companies to ramp up data centres this year

Infra status for data centres and energy storage systems will give companies access to long-term financing and lower interest costs

Confusion in the crypto universe: Budget leaves many unanswered questions

Budget announcements on taxing digital assets and creating a digital rupee involve complex issues that need to be addressed first

A bigger, not better, defence budget

Even as the total allocation has increased, it has fallen as a percentage of GDP

Budget credit positive for India Inc, fiscal challenges remain: Moody's

The path toward the government's medium-term deficit target of 4.5% of GDP by FY25 remains undefined.

Budget 2022-23 thoughtful policy agenda for India: IMF chief Georgieva

We have been projecting a quite robust growth for India: Georgieva

India's entry into global bond indices likely put off till FY24

India's entry into global bond indices will happen later, possibly in FY24, because the conditions are not right now, said a government official

Union Budget 2022: How the India's social sector gets short shrift

Government allocations on health and education do not meet its targets and consistently fall short in terms of actual spending

Want to push new exemption-less tax regimes further: Revenue Secretary

'This year we should have got Rs 60,000-80,000 crore as capital gains tax', said Tarun Bajaj

Time to focus on project execution

'The status of mega projects under the control of state governments is not available', says the author

Union Budget: NHAI to keep off bond market in 2022-23

Recognising the huge debt burden of NHAI at Rs 3.38 trillion, the finance ministry has given it nil space to borrow any more in the FY23 Budget

BMC's Rs 46k-cr budget: No property tax for flats measuring up to 500 q ft

The budget estimates are 17.7% more than the last fiscal, when the BMC had presented Rs 39,038.83-cr budget

Budget 2022: For property buyers, right TDS must to avoid interest, penalty

Budget impact may not be palpable, but steer clear of taxman

Budget 2022: Centre boosts STT target as mop-up beats expectation

Securities transaction tax (STT), which is levied on purchase and sale of equity shares and their derivative contracts, has emerged as a healthy source of income for the government