Page 33 - Budget 2023

Centre planning rate changes in new income tax structure, says report

Individuals can currently decide which set of rates they want to be taxed under

Crypto industry wants 0.1% TDS, Sebi-like regulator in Budget 2023

Some industry experts also suggested that gains in the crypto industry should be allowed to be offset against losses

Increase tax rebate benefits for consumption expenditure in Budget: PHDCCI

Industry body PHDCCI sought increase in the tax rebate benefits for consumption expenditure, reduction in the cost of doing business and hassle free disbursement of loans at affordable rates

SBI estimates India's FY23 fiscal deficit at Rs 17.5 trn, FY24 Rs 17.95 trn

Upcoming budget 2023 will be challenging for government to follow the roadmap for fiscal consolidation amidst a global environment of declining inflation, said top economist of State Bank of India

Union Budget 2023: Long-term capital gains tax likely to be rationalised

This tax was discontinued in 2005, but was reintroduced in 2018 in the Union Budget for that fiscal

Budget 2023: Real estate sector wants tax sops, PPP in affordable housing

Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services

Centre revises calendar, MoSPI to give GDP numbers post Budget in 2023

MoSPI to release first revised estimates of national income, consumption expenditure, saving, and capital formation of the previous fiscal year on the last day of February starting this year

Budget 2023: I belong to middle class, understand their pressures, says FM

Ahead of the Union Budget, Finance Minister Nirmala Sitharaman said on Sunday that she was aware of the pressures of the middle class but also recalled that the present government has not imposed any fresh taxes on them. Sitharaman will present Union Budget for 2023-24 in the Lok Sabha on February 1 amid expectations that the government will raise the income tax limit and provide relief to the middle class taxpayers, besides others. "I too belong to the middle class so I can understand the pressures of the middle class. I identify myself with the middle class so I know," she said while speaking at a function organised by the Panchjanya magazine, an RSS- associated weekly. In the same breath, the minister reminded the audience that the present Modi government has not imposed any fresh taxes on the middle class. Also, she added, income of up to Rs 5 lakh is exempt from the income tax. She said the government has taken various measures like developing the metro rail network in 27 cit

Union Budget 2023: Electronic companies urge govt to reduce tariffs

Some duty structures, according to industry groups and stakeholders, need to be revised because they are now burdening the industry

Taxes, incentives, reforms: How to read this year's Budget document

What taxpayers, senior citizens and investors should look out for in the Finance Minister's speech

Budget session: Govt likely to propose amendments to competition law

The government is expected to propose amendments to the competition law after taking into consideration various suggestions of a Parliamentary panel, in the upcoming Budget session of Parliament, according to a senior official. Besides, discussions are going on with respect to amendments to the Insolvency and Bankruptcy Code (IBC) as well as the Companies Act, 2013. The official also said that the corporate affairs ministry is examining a Parliamentary panel's suggestions on having a new digital competition law. The ministry is implementing the Competition Act, IBC and the Companies Act, and amendments to these laws are expected this year. A bill to amend the competition law was introduced in Parliament on August 5 last year and was later referred to the Parliamentary Standing Committee on Finance. The panel tabled its report on December 13 last year and the ministry will now be coming up with an amendment bill after taking into consideration various recommendations of the ...

PLI scheme to defence allocation, here's space industry's Budget wishlist

India's nascent private space sector has presented a wishlist of tax incentives and a production-linked incentive scheme in the upcoming Union Budget to boost local manufacturing and spur research and development. "In the 2023-24 Union Budget, we would like to request a space-based production linked incentive (PLI) scheme for space tech startups to help boost local manufacturing and encourage capability building within the country," Awais Ahmed, the co-founder and chief executive officer of Pixxel, a space startup based in Bengaluru, told PTI. Last year, Pixxel became the first Indian startup to launch its own hyperspectral imaging satellite, "Shakuntala", onboard SpaceX's rideshare rocket and followed it up with another similar satellite, "Anand", using the Indian Space Research Organisation's (ISRO) PSLV rocket. It plans to have a constellation of earth observation satellites soon. "In the Union Budget 2023-24, we request a further Rs 100 crore issuance as viability gap funding ..

Adani Enterprises' Rs 20,000-crore FPO likely before Budget 2023

Will be first to issue partly-paid up shares

Hand-hold the industry till animal spirits are out, says Sanjiv Bajaj

Sanjiv Bajaj, president of Confederation of Indian Industry (CII) and managing director of Bajaj Finserv, talks to Nivedita Mookerji about his expectations from Budget 2023

Public, pvt sectors must think out of box to seize global opportunities: PM

The Prime Minister applauded the success of the India Digital story and the rapid adoption of fintech across the country, and the potential for inclusive growth and development it promises

PM Modi meets economists as govt gets ready to present Union Budget 2023

Economists who participated in the meeting, included Shankar Acharya, Ashok Gulati, and Shamika Ravi

Budget Session of Parliament to begin on Jan 31, conclude on April 6

This will be the last Budget Session of the incumbent government as the general elections are scheduled for 2024 so it's expected that the Centre may announce major schemes

Top headlines: New export obligation defaults scheme, banks seek exemptions

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Budget 2023-24: Scheme to settle export obligation defaults on cards

One-time opportunity to help 1,100 exporters

Top headlines: 59 new launches at Auto Expo 2023, PAN as single business ID

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