Page 5 - Budget 2025 News

Budget 2023: Allocation to schemes for boosting exports increased

Allocation for the commerce department's key Remission of Duties and Taxes on Export Products (RoDTEP) scheme has been increased by 10 per cent

Social sector: The emphasis of Budget is on the consolidation of schemes

The government has ring-fenced financial outlays for various social sectors, and this is reflected in nominal increases and efforts to make them more effective

Budget 2023: 113% increase in allotment for northeast, highest ever

The Finance Ministry has budgeted Rs 5892 crore for FY24 for the region, which is 113 per cent more than the RE 2022-23

Indirect taxes: Budget proposals aligned with govt's strategic priorities

Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth

Over 50% taxpayers may shift to new tax regime: Revenue secretary

"Goods and Services Tax (GST) growth is estimated at 12 per cent as we expect the economy to do better domestically. However, keeping excise and customs in mind, we lowered the overall target"

Budget 2023: From Ashok Leyland to L&T, brokerages bet on cyclical stocks

Here are 10 stocks across sectors that are expected to gain the most from the various proposals

Our capex increase accounts for global slowdown: Finance secy TV Somanathan

"The government's welfare schemes are quite large, comprehensive, well spread and the emphasis is on implementation rather than on budget provisions"

Focus on finance

Budget measures will strengthen financial markets

Changing tracks

Investment in Indian Railways must be backed by reforms

Decluttering the defence budget

There is a need to streamline allocations and make the budgetary document less complicated to assess its true impact

Budget 2023: IIT Madras to get Rs 242 cr for research on lab grown diamonds

This research will be focused on driving indigenization of the LGD manufacturing process

Budget 2023 does not meet expectations of travel agents: Apex body TAAI

TAAI noted that the budget has not met any of the expectations of the travel agents community

Govt to move to exemption-free I-T regime with lower taxes: Revenue Secy

In an interview to PTI, Malhotra said the government does not have any specific timeline to make the new regime mandatory for taxpayers

Union Budget 2023: Allocation for aid to foreign countries cut by 2.6%

Some of the countries whose allocation has been reduced under this head include Bhutan, Afghanistan and Mauritius

Union Budget 2023-24: Funding for IIMs brought down to Rs 300 crore

According to the Budget Estimates (BE) for 2022-23, the IIMs were allocated an amount of Rs 653.92 crores

A growth-oriented Budget, says NSE MD & CEO Ashishkumar Chauhan

"The Budget would support growth and the Indian consumption story, and keep us in good stead, given headwinds in China and developed markets and until the rest of the world eases"

Budget 2023: Gaming industry welcomes TDS change, awaits clarity on GST

Budget 2023: The Centre has also made a distinction between 'games of skill' and 'games of chance' in the Finance Bill, signalling that both might get a separate tax structure in future

Budget 2023: Many hits, few misses as Centre sticks to fiscal consolidation

The target of 5.9% is also likely to be met next year, finally bringing it down to below 4.5% of GDP in the financial year 2025-26

Old income tax regime vs new income tax regime: Which one is better?

New income tax regime: The taxpayers can avail of several deductions under the old income tax regime using section 80C etc. But under the new tax regime, no such deductions are allowed

Union Budget underscores role of digital, tech in development: Nasscom

According to Nasscom, the creation of 5G labs will further help in opening newer avenues and opportunities, scaling up new business models and employment prospects