Page 4 - Budget

Union Budget: 'Allocate funds to encourage women's participation in sports'

India's Union Budget for 2023-24 must lay emphasis on strengthening country's sports infrastructure in non-metro cities, improving girl's participation in sport and investing in young sportspersons at the grassroots level, said sports scholar & team owner of Gurgaon InCredibles at LastManStands, Aman Dhall in his pre-budget expectation from the government.

Congress to hold MPs' meeting ahead of Budget presentation in Parliament

Congress has convened a meeting of its Lok Sabha MPs ahead of the budget presentation in Parliament to devise strategy

Union Budget 2023 to incorporate every section's expectations: MoS Finance

Ahead of the presentation of Union Budget 2023-24 in the Parliament, Minister of State for Finance Pankaj Chaudhary said that the budget will incorporate the expectations of every section of society

Understanding budget receipts and the role they play in govt finances

Capital receipts are non-recurring and either create a liability for the govt or deplete its assets; revenue receipts are recurring and do not entail any risk for the govt

UP claims development, but budget allocations remain unspent: Report

Allocated funds, if not used within a given financial year (when the budget is passed), are not carried over to the next financial year

States do Centre a good turn

A sharp reduction in states' deficit augurs well for the Centre's fiscal planning

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

Best of BS Opinion: Conservative budgeting, financialising economy & more

Here is the best of Business Standard's opinion pieces for today

Conservative budgeting

Fiscal space should be used carefully

What is in a number?

The system of releasing numerous GDP growth estimates over three years calls for an overhaul. Budget making will also benefit as a result

PM Modi to hold pre-Budget meeting with economists, sectoral experts

Ahead of the Union Budget, Prime Minister Narendra Modi will meet economists and sectoral experts at NITI Aayog on Friday to discuss the state of the economy and measures to accelerate growth which is estimated to drop to 7 per cent, a senior government official said. The official further said that the meeting will also be attended by several Union ministers. Finance minister Nirmala Sitharaman will present the 2023-24 Budget in Parliament on February 1, 2023 Hit by weakening demand, the Indian economy is expected to grow at a slower rate of 7 per cent in the current fiscal ending March 2023, setting the stage for the country losing the fastest-growing major economy tag. The 7 per cent expansion projected in the first official estimate released by the statistics ministry compares with 8.7 per cent gross domestic product (GDP) growth in 2021-22. The projections are much lower than government's earlier forecast of 8-8.5 per cent growth but above the Reserve Bank's projection of 6.8

Budget should avoid subsidies and protection to biz

Subsidies and tax concessions are not the best ways to boost our production and exports in the medium and long term

Opportunities and choices in the Budget

Fiscal consolidation is needed if India is to seek sustainable private sector-led growth

Infra brushstrokes for the Budget

There are seven key areas that the FY24 Budget needs to address to re-energise the infrastructure sector

At over Rs 6 trillion, capex on new projects sees 44% jump in Q3

The data also showed a 49.9 per cent year-on-year drop in completed projects, and an 87.5 per cent decline in stalling rates

Second part of budget session likely to be held in new parliament building

The new Parliament building is likely to be inaugurated in March, when the House convenes for the second part of the Budget Session. Officials said work was going on in full swing on Parliament building and is expected to be completed by February. The second part of the Budget session is likely to be held in the new Parliament building, sources said. The Budget session is conventionally held in two parts -- the first part usually commences on January 30 or 31 with the address of the President to the joint sitting of the two Houses. The Union Budget is tabled on February 1. The first part usually concludes on February 8 or 9. The second part of the session usually commences in the second week of January and continues till early May. Parliamentary sources said the part two of the session is likely to be held in the new Parliament building which has come up adjacent to the present structure. Last month, Union Housing and Urban Affairs Minister Hardeep Singh Puri had said constructi

Jharkhand Assembly passes Rs 8,534 crore supplementary budget by current FY

The Jharkhand Assembly on Wednesday passed a Rs 8,533.79-crore supplementary budget for the current fiscal by voice vote. This is the second estimates with the House on August 1 passing a Rs 3,436.56-crore supplementary budget for the 2022-23 fiscal. Finance Minister Rameshwar Oraon, who had tabled the supplementary budget on Tuesday, said the government has spent 49 per cent of the main estimates till date, and a supplementary budget was required for ensuring a proper supply of power and scholarships to students etc. The discussion on the budget took place, amid protests by opposition leaders against a recruitment policy. The supplementary budget included Rs 2,733 crore for energy, Rs 1,158 crore for women and child development, Rs 1,050 for Scheduled Tribes, Scheduled Castes, other backward classes and minorities, Rs 595 crore for agriculture. JMM legislator Sudivya Kumar alleged that petitioners, who challenged the recruitment policy in the High Court, hailed from Bihar and Utt

Best of BS Opinion: Lessons in budgeting, a tough track for Usha, and more

Here is the best of Business Standard's opinion pieces for today

Lessons in budgeting: Changing Budget tack amid changing realities

From an adventurous start in 2019 to modest revenue projections last year, there has been a marked change in Ms Sitharaman's approach. T N Ninan looks at what can be expected in Budget 2023

Enhance budget for PLI scheme and widen its coverage: Assocham

The government's PLI scheme, introduced in 2021, had an outlay of around Rs 2 trillion for 13 sectors