Page 13 - Budget 2023

Sartorial to spending: Green dominates the House during Budget speech

The word 'green' was used by the finance minister 23 times in her 60-plus-minute speech, reinforcing the jungle theme as she moved from thicket to thicket, stumbling occasionally

Election on mind: Amid OPS push, bid to keep govt staff happy

Unimpressed Oppn says Budget has nothing for poor, unemployed

Union Budget 2023-24: A great year for Indian Railways, says expert

IR, which stimulates almost all sectors of industries and commerce by transporting raw materials and finished goods, is moving much more BTKMs (Billion Tonne Kms) during and post-pandemic times

From Mamata Banerjee to Pinarayi Vijayan, here're CMs' views on Budget

"There is no relief from inflation in this Budget. On the contrary, this Budget will increase inflation. There is no concrete plan to remove unemployment," says Delhi CM Arvind Kejriwal

Union Budget stands to benefit all sections of society: Anurag Thakur

Union Information and Broadcasting Minister Anurag Thakur described the Union Budget presented on Wednesday as "all encompassing" which benefits every section of the society. He said the budget stands firm on the foundation laid by the previous budgets presented by the Narendra Modi government. Due to the inclusive development and futuristic policies of the Modi government, the Indian economy is on the right track and moving firmly towards a bright future, he said in a statement. Because of the provisions made in the previous budgets of the Modi government, India has become the world's fifth largest economy with the fastest growth rate. Along with giving a boost to the country's economy, the current budget also presents the blueprint of a developed India from the 75th year of independence to the 100th year of independence, he said. Inspired by the prime minister's five vows, the seven pillars of this budget -- inclusive development, preference for the underprivileged, infrastructu

Budget 2023-24: Railways gets record Rs 2.6-trillion capex boost

According to a senior official, Railways' prime borrowing arm, Indian Railway Finance Corporation (IRFC), has zero borrowings for the fiscal under review

Balancing state Budgets: Here're the pain points and what's on offer

State government finances are still facing the effects of the pandemic

Inclusive, growth-oriented budget: Industry veteran Kiran Mazumdar-Shaw

Biotechnology industry veteran Kiran Mazumdar-Shaw on Wednesday called the budget presented by Union Finance Minister Nirmala Sitharaman "inclusive and growth-oriented". She said the budget, focused on seven priorities, lays the groundwork for inclusive economic growth to enable all citizens to have access to healthcare, education, a cleaner environment and sustainable livelihoods by the 100th year of the country's Independence. "The capex outlay of Rs 10 trillion will help spur higher growth in the backdrop of a weak global economy, while the additional money in the hands of the people due to direct tax revisions will boost consumption. The increase in allocation of funds for pharma and healthcare this year is a step in the right direction," the executive chairperson of Biocon Limited said in a statement. Welcoming the introduction of a new programme for research and innovation in pharma through centres of excellence, she said it would enable the industry invest more in ...

PM Modi terms Union Budget 'historic', says it gives priority to deprived

1st Budget of 'Amrit Kaal' is 'historic', meant for the aspirational, PM says

Devolution to states: Cess, surcharge help Centre keep major chunk of taxes

Among a few tweaks to surcharges, Sitharaman announced the Centre would reduce the highest surcharge levied under personal income tax from 37 per cent to 25 per cent under the new tax regime

Budget allocates Rs 4,692 cr for Ministry of Information and Broadcasting

Union Finance Minister Nirmala Sitharaman on Wednesday announced a Rs 4,692-crore outlay for the Ministry of Information and Broadcasting for 2023-24 as against Rs 4,182 crore in the revised estimates for the last fiscal. The allocation to the government's autonomous body, Prasar Bharati, has been increased to Rs 2,808.36 crore from Rs 2,764.51 crore allotted to it in the last fiscal. Sitharaman has allocated Rs 600 crore to the Broadcasting and Infrastructure Network Development scheme, which seeks to augment the broadcasting infrastructure, particularly in remote areas. The Film and Television Institute of India (FTII) in Pune, an autonomous body under the ministry, has received Rs 64.75 crore in the budget as against Rs 68.53 crore in the revised estimates last fiscal. The Satyajit Ray Film and Television Institute (SRFTI) in Kolkata has received Rs 95.13 crore in the budget as against Rs 60.1 crore in the previous fiscal. The National Film Development Corporation (NFDC) has ..

Budget 2023: Capital gains cap at Rs 10 crore to hit luxury home sales

The finance minister on Wednesday proposed to limit deductions from capital gains on investment in residential houses under Sections 54 and 54F to Rs 10 crore

Budget 2023-24: Net winnings from online games to attract 30% TDS

Proposes 30% tax on net winnings, removes threshold of Rs 10,000

'Union Budget 2023-24 is a road map for nation building', says Assocham

The chamber which has been seeking relief to the MSMEs expressed gratitude to the government for giving several incentives to the small businesses and the start-ups

Budget 2023: Many PLI schemes are in the pipeline, says Piyush Goyal

As and when other PLI schemes get approved, the cabinet is empowered to approve it

Union Budget 2023-24: Building blocks of a future-ready India

The Budget has laid a strategic framework to make India future ready

Budget 2023: Riding on robust collections, govt realistic on tax target

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)

Future tech: I truly believe this is India's decade, says Bhavish Aggarwal

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

Making the regime less taxing: Pain points & what's on offer in Budget

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

Eye on growth: Pain points & what's on offer in Union Budget 2023

New projects are up on a year-on-year basis