As and when other PLI schemes get approved, the cabinet is empowered to approve it
The Budget has laid a strategic framework to make India future ready
The budget pegs tax revenue at Rs 33.6 trillion, which is higher by 10.4 per cent over Rs 30.4 trillion projected in revised estimates for the current financial year (FY23)
The Finance Minister's Budget speech today clearly laid down the pathways towards India entering its 'Amrit Kaal', strengthening the foundation of a technology-driven and knowledge-based economy
New co-operatives commencing manufacturing activities till March 31, 2024, will get the benefit of a lower tax rate of 15% , currently available to new manufacturing companies
New projects are up on a year-on-year basis
The Budget marked an increase in the allotment for Ex-Servicemen Contributory Health Scheme (ECHS) with Budget Estimates of Rs 5,431.56 crore in FY 2023-24 as against Rs 3,582.51 crore in FY 2022-23
The Budget allocated Rs 3,113.36 crore to the ministry, against Rs 10,667 crore in 2022-23, which was later revised to Rs 9,363.70 crore
The Centre stuck with fiscal prudence, projecting a decline in fiscal deficit to 5.9 per cent of GDP in FY24
Strap: On the tax front, the key development is making the concessional tax regime the default option
The Department of Atomic Energy has been allocated Rs 25,078.49 crore which is lower than Rs 25,965.67 crore it had received in the revised estimates in the 2022-23 fiscal
The Budget proposed certain amendments in GST Act and said that input tax credit cannot be claimed on goods/ services used or intended to be used for Corporate Social Responsibility (CSR) activities
In a very difficult global scenario, India needs to grow by 6-6.5 per cent in real terms in 2023-24
Allocation for intellectual property ecosystem, including the copyright office and Controller General of Patents, Designs and Trade Marks, has been increased by about 15 per cent to Rs 328.981 crore
Anju Bobby George, Vice-president, the Athletics Federation of India, talks about Union Budget 2023-24
The government plans to collect just over Rs 9 trillion via personal income tax in FY24
FM proposes three centres of excellence to build AI solutions and 100 labs to develop applications using 5G services
CEOs expect big orders from govt as private capex picks up in tandem
There was a 7 per cent year-on-year decline in the January numbers reported by the country's largest manufacturer Tata Motors
The FMCG industry expects the government's special focus on the agriculture sector in the Budget 2023-24 would help to regain rural growth while providing more disposable income to the middle class