Page 12 - Budget 2023

Bond yield hits 6-week low as Budget sticks to path of fiscal consolidation

Govt move to tax high-value insurance policies may hit demand for long-term bonds: Analysts

Unfinished agenda: Pain points and what's on offer in Budget 2023

An agriculture accelerator fund has been announced. It is aimed at encouraging start-ups by entrepreneurs in rural areas

Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund

Centre looks to raise Rs 16,000 cr this fiscal via green bonds. The Budget, however, does not say whether or not bond issuance will be the sole contributor to the fund

Union Budget 2023-24: Big cut in food, fertiliser subsidy bill in FY24

Possible triggers? Abolition of extra free foodgrain distributed as part of PMGKAY, cooling of international fertiliser prices

Union Budget 2023-24: Aiming for paradoxical goals

Amish Mehta, MD & CEO, CRISIL, talks about Union Budget 2023

Budget 2023-24: Asset sale target pegged at Rs 51,000 crore for FY24

Current year projection slashed to Rs 50,000 cr from Rs 65,000 cr

Union Budget 2023-24: Boost to agriculture, rural but more push needed

Weak rural demand has been a concern for fast-moving consumer goods and other consumer durables, although we see a few green shoots now

Budget at a glance: Here're the key numbers from Union Budget 2023

A snapshot of the key numbers released by Finance Minister Nirmala Sitharaman in Union Budget 2023

Union Budget 2023: Big push for agri digital infra, co-ops, organic farming

Rural housing gets huge fund outlay for completion of projects ahead of 2024 general elections

The macro-fiscal question

Budget reflects the limitations of a fiscally-strapped government. Increases in capital outlays have matched decreases in public sector capex

A people-centric proposition

The break from giving sops to industry and throwing money at the poor is welcome

Tax proposals a mixed bag

Unlike recent Budgets, this year most taxpayers are in for a pleasant surprise with rationalisation of rates and slabs, which reduce the effective tax burden. In balance, it's a mixed bag

A change of heart on taxes and tariffs

There is much to commend in the Budget, especially the substantial increase in capital expenditure

A credible effort

The Budget makes all the right noises and avoids the temptation to be populist

'Reward the rich' politics

With a 10% tax cut for the super-rich, has the Modi government lost it? If this is what we believe, we are still caught in oldthink in our political economy

Fiscally prudent, but electorally savvy

In 2022-23, the finance minister hopes to grow her net revenue receipts by 8 per cent even as her revenue expenditure would increase by a similar rate

Investing, not saving

More effort on deficit reduction was needed

Union Budget 2023-24 promises a bright future for India

The country clearly has a growth agenda and this Budget is designed to boost private sector investment and promises to propel India's growth further

Budget: Govt announces 150% hike in outlay of Swachh Bharat Mission-Urban

In a major boost to the Swachh Bharat Mission (Urban), the Centre on Wednesday announced a 150-per cent hike in the outlay of its flagship scheme with an allocation of Rs 5,000 crore in the Union Budget 2023-24. However, there has been a nine-per cent decrease, with an allocation of Rs 2,132 crore, for the construction of non-residential office buildings, including the Central Vista project, Parliament and Supreme Court, as compared to the revised estimates of Rs 2,344.08 crore in the last fiscal. On October 1, 2021, Prime Minister Narendra Modi had launched the second phase of the Swachh Bharat Mission (Urban), which envisions making all cities in the country "garbage-free". In the 2022-23 revised estimates, the SBM(U) was allocated Rs 2,000 crore. The Union Housing and Urban Affairs Ministry, which has been implementing the SBM(U) and the Central Vista redevelopment project, was allocated Rs 76,431.6 crore in the budget. According to the budget presented by Finance Minister Nirm

Budget 2023: FM sticks to fiscal road map, targets deficit of 5.9% in FY24

The fiscal deficit is the difference between the government's expenditure and revenues when the former is higher