Custom duty on imitation jewellery has been enhanced from 20 per cent to 25 per cent. This will discourage cheap imports from China and encourage domestic manufacturing
Finance Minister Nirmala Sitharaman presented the last full Budget of the Modi government before general elections 2024 on February 1. Catch all latest updates on Union Budget 2023-24 here
"Government had been doing a lot on the tax regime. They have now focused more on ease of doing business and opening up some businesses and stopping you from exporting your capital market"
Rajya Sabha member GVL Narasimha Rao on Sunday said that the Union Budget laid the foundation to make India a developed nation in the next 25 years
The panel said the MEA remains one of the least funded central ministries as its revised budget hover around just 0.4 per cent of the total budgetary allocation of the government from 2020-21
Tobacco manufacturer ITC, Godfrey Phillips India, and VST Industries have gained since the Union Budget on February 1, even as the benchmark Sensex declined close to 3%
Capex is not the favourite word in the lexicon of ministers despite the generous flow of resources for building assets
Addressing a post-budget webinar on 'Reaching the last mile', Modi said: "For the first time, the country is tapping the huge potential of the tribal society of our country at this scale
More than 95.8 million gas connections have been released under PMUY as of February 2, 2023, reveals data available on the official PMUY website
Says farm budget rose five times in nine years to over Rs 1.25 trillion
India's agriculture sector's annual budget has increased five-fold to Rs 1.25 lakh crore since 2014, Prime Minister Narendra Modi said on Friday, as he stressed that his government is focusing on progress of the farm sector and working on mission mode to reduce import dependence of food items like edible oils. The Prime Minister was addressing a post-budget webinar on 'Agriculture and Cooperatives'. It is the second of a series of 12 post-budget webinars organized by the government to seek ideas and suggestions for the effective implementation of the initiatives announced in the Union Budget 2023. Modi also outlined the various steps announced in the budget to attract young talent in the sector, and expansion of the cooperative sector across the country. He stressed that various decisions are being continuously taken in the budget to promote the agricultural sector so that the nation becomes 'atmanirbhar' and the funds used for imports can reach farmers. Highlighting the importance
These webinars are being organised by various Ministries and departments to build on the "Saptarishi" priorities outlined in the Union Budget 2023-24
Even though India needs large infrastructure investments, the government should have prioritised fiscal consolidation
Budget proposals, delayed DESH Bill, hiring slowdown, and rising interest rates present a wall of short-term worry
Not to overshoot FY24 net borrowing target of Rs 11.8 trillion
According to the monthly Asia-Pacific Credit Focus, the govt will also look to cap subsidy expenditure in the upcoming year, against a surprise rise in FY23 owing to surging fertilizer and food prices
The imposition of a tax on high-value policies could hurt the growth rates of life insurers in the next fiscal year
The dispute is now pending at the National Company Law Appellate Tribunal (NCLAT)
If MPC's projections hold good, various figures in the Budget would change when the revised estimates are worked out