Page 6 - Budget

FM Nirmala Sitharaman to kick-start pre-Budget meetings from Monday

Finance Minister Nirmala Sitharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets. She will also be meeting the representatives of services sector and trade bodies, besides experts from social sector, including health, education, water and sanitation, on November 24. The pre-budget meetings with the trade union representatives and economists are scheduled for November 28. The participants will give suggestions on the 2023-24 Budget which will be presented in Parliament by the Finance Minister on February 1. Sources said climate change would

Govt plans changes in capital gains tax in Budget 2023, says report

Changes in capital gains tax in India are expected in the next budget, an income tax official from India's finance ministry said on Tuesday

Budget 2023-24: Disinvestment target likely to stay elevated for FY24

The sources said that the government expects over Rs 60,000 crore from the IDBI stake sale.

Budget 2023-24: Sitharaman's meetings with stakeholders to begin on Nov 21

Seven meetings will take place between November 21 and 24, while the pre-budget interaction with state Finance Ministers is expected to take place in December in Madurai

Centre likely to raise authorised fund in NSFDC by Rs 1,000 crore

The Department of Social Justice, the nodal authority, has floated a draft cabinet note for inter-ministerial consultation

On the cards: Expansionary Budget with optimistic tax revenue rise

Finance Minister Nirmala Sitharaman is expected to present the next Budget on February 1

Sanction of Rs 7,565 cr for Rajasthan in this year's budget: Vaishnaw

Union minister Ashwini Vaishnaw on Saturday said railway projects worth Rs 7,565 crore were sanctioned for Rajasthan in this year's budget, a record for the state. The total cost of projects approved for Rajasthan stands at Rs 57,000 crore, the Union Railway minister said. "Today, projects worth Rs 57,000 crore have been sanctioned in Rajasthan. Rajasthan has got a record sanction of Rs 7,565 crore in this year's budget. There was a time when only Rs 700 to Rs 750 crore was given to Rajasthan. The speed in work which has come is seen now," Vaishnaw said. Vaishnaw was in Rajasthan for the 'Rozgar Mela' event here where he handed over appointment letters to new recruits in various government departments. During the event, he urged the new recruits to work with the spirit of 'nation first' and never compromise on it. Rajya Sabha MPs Ghanshyam Tiwari and Kirori Lal Meena, Jaipur Urban MP Ramcharan Bohra, BJP state unit chief Satish Poonia were also present at the event. Speaking on th

Next big thing is to take solar to everyone's life: ISA Director-General

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

KCR's countrywide reincarnation

Opposition politics is set to take another interesting turn as Telangana Rashtra Samithi's K Chandrashekar Rao enters the national stage

The process involved in preparing the Union Budget: An explainer

All of this culminates on February 1, when the Cabinet approves the budget, the Finance Minister presents it to the President, then proceeds to Lok Sabha, where she rises at 11 am to begin her speech

13 major states have room for Rs 7.4 trn capital spending in FY23: Icra

As many as 13 major states, including West Bengal, Tamil Nadu and Gujarat, have a massive fiscal space of Rs 7.4 lakh crore for capital spending in the current fiscal, 81 per cent higher than the last fiscal, Icra said on Thursday. The 13 states, having nearly 85 per cent share in India's GDP in 2020-21, had made a capital expenditure of Rs 4.1 lakh crore last fiscal. Their Budget estimate for capex spending this fiscal is Rs 5.8 lakh crore, the rating agency added. The agency's analysis is based on 13 states -- Andhra Pradesh, Gujarat, Haryana, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal. "Icra estimates that the 13 state governments have the fiscal space to incur capital spending of as much as Rs 7.4 trillion in FY2023, rivalling the size of the GoI's capex budgeted for this fiscal. While the availability of funds doesn't appear to be a constraint in FY2023, the actual outgo incurred by these state ...

Budget focus is to maintain growth, tame inflation: FM Nirmala Sitharaman

The minister is in Washington DC to the annual meetings of World Bank and International Monetary Fund, as well as the G-20 Finance Ministers and Central Bank Governors meetings

Red-hot defence stocks may have more legs to run, say analysts

The growth has come on the back of healthy growth in the order books of defence companies amid the government's focus on indigenisation and surge in exports

Top Headlines: Run-up to Budget 2023-24, India Inc's Q2 earnings, and more

The July-September quarter (second quarter, or Q2) of 2022-23 (FY23) could mark the end of the period of an unprecedented rise in India Inc's earnings in the aftermath of the pandemic

Run-up to Budget 2023-24: Centre looks to cut non-priority expenditure

Direct and indirect tax revenues may not be enough to offset food and fertiliser subsidies

Direct tax mop-up rises 24% YoY to Rs 8.98 trillion in FY23 so far

Refunds amounting to Rs 1.53 lakh crore have been issued between April 1-october 8, an increase of 81 per cent over the corresponding period last year

UK needs to cut 200,000 govt jobs over next few years to avoid debt spiral

Public-sector wages are on track to increase 5% this year, around half the current rate of inflation but higher than budgeted when spending plans were drawn up in 2021.

Govt likely to save around Rs 80k crore in FY23 from unused budgeted funds

The government will be saving more than two per cent on the Rs 39.4 trillion budget

India's April-August fiscal deficit recorded at 32.6% of FY23 target

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

Rajasthan govt approves financial assistance of Rs 100 crore for MSMEs

This scheme was announced in the state Budget 2022-23 to promote micro, small, and medium enterprises (MSMEs), and give loans on easy terms for small businesses and investors